When you have a vacancy in your C-suite, it’s natural to want to fill that leadership role immediately. After all, your executive leaders are the key to strategic growth and long-term success. In today’s competitive market, you don’t want that role to sit vacant for long.
But where do you turn to fill that leadership gap quickly? What’s your smartest and best option? Most organizations will reach out to an executive search firm—not knowing that this service, while popular, often comes with a long wait and hefty cost.
The Trouble with Executive Search Firms
Why an Interim Executive Makes More Sense
One secret weapon for many companies in Europe (and also a growing number in the U.S.) is the use of interim and fractional/part-time executives. Here’s why an interim, fractional or project-based executive is a faster, cheaper and better alternative to traditional full-time placement: