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Interim employment offers four strategic advantages to the corporation:


Companies can now apply “just-in-time talent” to any problem or to fill a sudden gap.


Interim makes it possible to hire the best.


Companies can find precisely the skills needed for a project or corporate transition.


Interim turns talent into a variable cost.

Exploring Opportunities for Interim Executives in the Life Sciences Sector

Jordan Warshafsky brings more than 25 years of experience in the Life Sciences sector to his association with Ashton Tweed. As a senior executive at the corporate and division level within pharmaceutical, biotechnology and medical device companies, he has successfully led efforts in business development, global marketing, and strategic planning.

With this background, Jordan is familiar with the development continuum that a life sciences company undergoes as it builds its business. He says, "Although there are no hard and fast rules, every life sciences company goes through a number of phases from conception to product delivery, many of which require focused skills for a limited duration. These are situations where Interim Executives can add real value to an emerging Life Sciences Company."

For example, regardless of the particular product, every company in this field must meet regulatory requirements. An interim executive with a background in the regulatory arena can save a company both time and money by assisting a company to plot the best course of action to achieve compliance and to avoid common pitfalls. They will know how to structure the budget, deal with regulatory agencies and write grant proposals. Experienced executives, who have been through the process before, can also add value to the research process, product development, manufacturing and marketing strategy.

"This is an industry where previous experience has tremendous value," says Jordan. "Knowing how to navigate the complex regulatory process, plan trials, analyze statistics and set up manufacturing can be the difference between success or failure for a Life Sciences Company."

Jordan teamed up with Jim Rudman at Ashton Tweed about 6 months ago as a Principal of Ashton Tweed's Life Sciences Practice. "An initial conversation about a job search evolved into a dialogue about Interim opportunities in the Life Sciences," says Jordan. "Our expertise in this area fits together well. I know the business from the inside. Jim is an expert in the Human Capital side."

Jordan sees Ashton Tweed's Associate Program as a real differentiating factor. "Jim is really involved with potential candidates. He gets to know them and develop a sense of how they will work in various situations. This means we can place people successfully."

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GROWTH OF A LIFE SCIENCES COMPANY

"This is a decades-long initiative," says Louis P. Berneman, (formerly) managing director of the University of Pennsylvania's Center for Technology Transfer. "It takes 20 years from the point of initial observation in a laboratory... to a blockbuster success."

The Philadelphia Inquirer
11/28/2004

Every company in the Life Sciences Sector encounters similar situations as the company grows. Some of these include:

-Fund raising
-Product Development -Regulatory Approval -Research -Statistical Analysis -Manufacturing -Marketing

Interim executives who have "been there" and "done that" bring experience that can accelerate the time scale and reduce costly errors in each of these various stages.

"Don't judge each day by the harvest you reap, but by the seeds you plant."

Robert Louis Stevenson, Essayist, Poet, Author


Employment of Interim Executives is Booming in the UK

Interim executives in the UK and Ireland are busier, earning more and getting more work through intermediaries or providers." This is a key finding of a survey carried out by Boyden Interim Management, a leading UK and Ireland interim management provider of freelance interim management executives, to both Public and Private sector organizations.

Over 650 interim executives responded to their Interim Management Survey in 2005. Among other factors, the survey looked at length of assignments year over year, number of separate assignments, average compensation, level of management, and specific content of the assignment.

One of the significant changes noted was that the types of assignments were changing. They are focusing more on performance and quality issues rather than crisis management or merger and acquisition projects.

Overall, compensation was higher, assignments lasted longer -- six months or more -- and general confidence in the economy was higher than the previous years survey.

According to Nick Robeson, CEO of Boyden, "These individuals are key indicators in the state of the economy and business in general." The complete report is available on the Boyden site. Click here to view.

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Interim Growing the US market as well

The number of articles appearing about interim management in US companies is on the rise.

in With the Clock Ticking Philip J. Gill writes about American Management Systems Inc. who used an interim executive to fill a crucial post during a major corporate transformation.

In People Get Results: Have Expertise, Will Travel, Jeffery Barlett writes about how interim executives can help companies grow or regroup during times of transition.

These articles and more are available on the Ashton Tweed website. Click Here.

Executive Recruiters are Bullish on Hiring

ExecuNet's Recruiters Confidence Index climbed to a new high in March. The monthly survey of executive recruiters conducted by ExecuNet reveals hiring is expected to continue to increase in the second and third quarters of this year.

According to the survey of 103 executive recruiters, 78% are confident or very confident the executive employment market will improve during the next six months — surpassing a twenty-two month high of 76% in January. During the next six months, the executive search industry is expecting a 16% increase in the number of assignments received from corporate clients.

"There was a significant surge in hiring at the executive level during the past three months," says Mark Anderson, President of ExecuNet. "Despite this impressive growth, the employment market's recovery still appears to be in the early innings of what looks to be a long game."

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RECRUITERS CONFIDENCE AT RECORD HIGH

Source: ExecuNet WebSite

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