Blog


Dec

12

2019
Basic Facts on Why Interim Executives Can Make Money for Your Company

Basic Facts on Why Interim Executives Can Make Money for Your Company

Interim talent—the “gig economy”—is one of the best-kept secrets at every level. And all successful companies know it. These days, a company’s size is no longer judged by the number of employees it has. Large companies like WhatsApp and Instagram have been run by significantly fewer employees than one may think, valued in the billions. Even with this small size, these teams are still making...

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Dec

11

2019
Interim Executives Allow for Easy Entires and Easy Exits for Organizations Part 2 – Preservation of Both the Company and Executives Reputation

Interim Executives Allow for Easy Entires and Easy Exits for Organizations Part 2 – Preservation of Both the Company and Executives Reputation

The company was rapidly growing and the new interim CFO, originally brought in for his M&A background, was now building up a finance and accounting department to support the growth. But the reality of the situation no longer matched his background and his skill sets. His abilities to onboard, train, and motivate employees was lacking—and then some. His inability to lead a growing finance and...

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Dec

10

2019
Interim Executives Allow for Easy Entries and Easy Exits for Organizations Part 1

Interim Executives Allow for Easy Entries and Easy Exits for Organizations Part 1

Postscript: “But What If It Doesn’t Work Out?” Business owners and CEOs have a number of options to build their leadership team, grow their organizations, and solve business challenges that come along. The interim executive staffing model has become another tool they now have to pull from as they do this. Full-time executives are of course integral, effective, indispensable members of every organizations leadership team....

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Dec

09

2019
Compensation for Interim Executives Part 2 – Various Types of Fees to Choose From

Compensation for Interim Executives Part 2 – Various Types of Fees to Choose From

Success Fees Success fees can be tied to any number of factors. We typically see these in two types of situations: • The company wants to additionally incentivize the interim executive and adds a reasonable success fee to the normal base rate based upon target criteria • The company’s budget is limited, and the base rate is reduced in exchange for a share in additional...

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Dec

06

2019
Compensation for Interim Executives Part 1

Compensation for Interim Executives Part 1

One of the most frequently asked questions at the beginning, middle, and end of client conversations is around compensation. There are more options than you may have imagined for structuring the scope and compensation for the interim executive’s work assignment. Compensating for Value: More Ways than One Way to Compensate an Interim Executive Executive compensation has traditionally been either a mystery or a contentious subject...

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Dec

05

2019
The Benefits of Hiring Executives From a Project-to-Permanent Basis Part 2 – Interim Executives Show Their True Leadership Skills Through This Process

The Benefits of Hiring Executives From a Project-to-Permanent Basis Part 2 – Interim Executives Show Their True Leadership Skills Through This Process

After working together on a project basis, the executive and company may realize there is a good longer-term fit. That’s a win-win for everyone. But if it’s not a good fit long-term, not to worry; the executive still achieved the goals, and everybody parts as friends. Along those same lines, we often see organizations that use a project basis to permanent basis model end up...

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Dec

04

2019
The Benefits of Hiring Executives From a Project-to-Permanent Basis Part 1

The Benefits of Hiring Executives From a Project-to-Permanent Basis Part 1

When a full-time executive is needed for the longer-term, one of the best ways to increase your chances of selecting the right executive while still making progress within the company, however, is to bring an executive in on a project basis. Realistically, there is never a shortage of projects that need to get done. How quickly can an executive assess conditions, put a plan together,...

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Dec

03

2019
Finding the Right Executive for Your Business Needs Part 11 – Additional Tips for Reference Checks

Finding the Right Executive for Your Business Needs Part 11 – Additional Tips for Reference Checks

Look at reference information as just one of many data points. It will either confirm what you have learned during the process of getting to know the executive, or it will raise a flag or two. For example, if the reference call focus’ on how great the executive was at marketing and you are engaging the executive for an operations role, dig deeper. • Use...

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Dec

02

2019
Finding the Right Executive for Your Business Needs Part 10 – What to Ask in a Reference Call

Finding the Right Executive for Your Business Needs Part 10 – What to Ask in a Reference Call

It’s All about How You Ask the Question. To get value from a reference call, focus questions more around the “how.” Conduct reference calls like mini-interviews and ask for examples. If the reference call mentions the candidate’s great communication skills, for example, ask what specifically about the executive’s communication was particularly helpful in turning a situation around, or creating buy-in, or motivating employees, or solving...

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Nov

28

2019
Finding the Right Executive for Your Business Needs Part 9 – Use Personality Assessments and References in Your Decision Process

Finding the Right Executive for Your Business Needs Part 9 – Use Personality Assessments and References in Your Decision Process

Some culture assessments on the market can be very insightful. We are not experts in the range of such instruments, nor in the selection process of which is best for any specific organization. What we have learned through more than a decade of working with organizations of every size, however, is how to leverage such instruments as part of the vetting process, including what they...

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