FAQs for Clients – We Answer Your Questions
FAQ for Clients:
What Are The Responsibilities of an Interim Manager?
Interim managers can carry out all kinds of managerial tasks. They can serve as division manager, department manager, production or facility manager, manager in finance, HR manager, procurement manager, controlling manager or quality manager. Apart from these specific positions, our interim managers are often hired for general management as executive directors or member of the board of directors in the scope of change management processes and restructuring processes. In times of crisis, interim managers can also serve as CFO, CEO, COO or CRO. Oftentimes, re-engineering processes and rationalisation processes can only be successfully managed by external management staff. Besides that, we broker interim managers in all European countries. We hope to answer all FAQ for our clients in this section. If not – please contact us!
FAQ for Clients:
In Which Sectors Do Interim Managers Mostly Work?
Interim Management is not as established in Germany as it is in The Netherlands or the United Kingdom, for example. In those countries, interim managers are hired in almost all sectors to serve as an effective management tool. In Germany, interim managers are often hired by companies from the so-called TIMES sector (telecommunications, IT, multimedia, entertainment and security services) and the automobile supplier industry. Other important clients are companies from the mechanical and plant engineering sector, the electrical engineering sector, the food industry and the packaging industry. In the services industry, the interim management sector is at the early stages of a very positive development.
FAQ for Clients:
What Does ‘First and Second Level of Management’ Mean?
HANSE Interim exclusively brokers interim managers to fill top management positions temporarily. Our interim managers take on management and responsibility for employees and for budgets. That is why we like to talk about the ‘first and second level of management’.
Functions of Interim Managers – FAQ for our clients answered by us
How Long Does It Take from the Client’s Inquiry to the First Day of Work of the Interim Manager??
To a large extent, this depends on how quickly our clients decide. As your partner, HANSE Interim is able to find a suitable candidate for you within four days. During this time, we look for candidates within our network, we contact them and find out about their availability and whether or not they are interested in the project. The first step will be to present the CV’s to the client in an anonymized form, via e-mail. This way, we can ensure that there are only a few days between the inquiry and the first day of work of the interim manager.
How Long Does an Interim Manager Normally Stay in the Company?
Normally, interim managers stay in the company for a period of 3 to 18 months.
We know from experience that interim projects with a duration of less than 3 months are a lot less likely to be successful, for the client and the project alike. Interim manager take on operative tasks for a company and they generally need more than 3 months to sustainably implement a project. However, interim projects that take 18 months or longer sometimes do less well with regards to economic aspects than a fixed-term contract of two years would for instance.
What Is the Daily Rate of an Interim Manager? An important FAQ for our clients – HANSE Interim answers
The daily rate greatly depends on the task, the responsibility, the company, the time period, the frequency and last but not least on the qualification of the interim manager. Supply and demand also significantly shape the market price. At HANSE Interim, the average daily rate that our clients pay is 1,300 euros, plus travel expenses. We believe that real management tasks, as in being responsible for and managing employees and budgets, can seldomly be executed below a daily rate of 1,000 euros. Normally, the limit on the interim market is 2,500 euros per day. This limit will only be exceeded in very few cases.
What Is the Period of Notice of an Interim Manager?
This depends on several factors. In general, the period of notice is much shorter than would be the case for an employment contract.