How Interim is Great to Assess the Long-Term Necessity of a Position

Design on blackboard depicting business choices: short or long term, which is the priority?
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Lea WolfingerDesign on blackboard depicting business choices: short or long term, which is the priority?By Lea Wolfinger, Senior Director, Ashton Tweed

 

In addition to helping a company through a transition or critical time period, interim talent can also help employers gauge the necessity of adding a full-time position. This can be a crucial tool to small businesses and start-ups where taking on a new employee can be a big decision.

 

In the life science industries, hard decisions often need to be made and risks need to be taken. If a business is unsure about creating a new position, they can test out the new role for 2-9 months, without any obligations through interim talent. In addition, this applies to any position – managerial through C-level executives – not just lower to mid-level roles. This allows for major flexibility for growing businesses and start-ups.

 

This is an extremely valuable tool for companies going through any major changes, such as:

 

  • Acquiring
  • Merging
  • Entering new markets
  • Introducing new products/services
  • Going through an IPO
  • Downsizing
  • Bankruptcy

 

This provides companies an opportunity to take on the help they need without worrying about maintaining a permanent salary. Consultants can’t do this because they do not actually fill a role in a business structure. They simply address special needs and are not exclusive to the company. Interim placements are great because they are hired for the vacant position, but there is no pressure to keep them on board if unnecessary. At the end of the interim period, a company can decide whether the position and salary are maintainable to keep on permanently, or whether the job is complete.

 

Can interim executive talent help you? Contact Lea Wolfinger to find out.

Share your insights! Contact khoffman@ashtontweed.com to contribute your life sciences article as a guest writer.

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