Tag: interim executive


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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Sep

01

2019
The Interim Executive Option

The Interim Executive Option

An excerpt from our new book The Executive Search where we explore what an interim executive is and compare them to all available options. Interim staffing is not a new concept. Interim coaches are commonplace in football, particularly at the collegiate level. Or, if you have had the misfortune to find yourself in an emergency room at a hospital, odds are you were treated in...

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Aug

11

2019
Interim Executive Advice: Create a Product or Service that Sells

Interim Executive Advice: Create a Product or Service that Sells

The best way to grow is to deliver a product or service that sells itself. Here’s how an interim executive advises you do it. We’re all amazed by large companies like Apple, Google, and Walmart. They’re worth billions of dollars, their founders are among the richest people in the world and they seem unstoppable. But all these great organizations started with an idea. According to...

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Aug

09

2019
What to Do When Your Company Has Outgrown Some of Your Employees

What to Do When Your Company Has Outgrown Some of Your Employees

  Pam Wasley and Kristen McAlister share how an interim executive can help companies that have outgrown their employees. Pam Wasley: “Finding yourself a little too emotionally invested in your under-performing employees?“ Kristen McAlister: “Pam, it’s tough. But an interim executive will help you make decisions with facts rather than emotions. Coming up next, what to do when your company has outgrown some of your...

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Aug

05

2019
How to Become an Interim Executive

How to Become an Interim Executive

Pam Wasley and Kristen McAlister share how an interim executive can transition from a successful career to helping companies in an interim role.   Kristen McAlister: “So what’s the number one comment we hear from interim executives? How do I take a long successful career and transition to becoming an interim executive? Or I love how helping companies and would love to do more of...

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Jul

31

2019
Interim Executive Advice on First Hires

Interim Executive Advice on First Hires

Wondering when to start hiring? Who to hire? And how many people to hire? Follow the advice of an interim executive to get on the right track. Entrepreneurs at the beginning of their journey often feel overwhelmed. There’s too many ideas floating around in their head and not enough time nor skills to get everything done. The easiest way to get stuff done is to...

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