Educational requirements vary for an interim executive position as do those of the more permanent executive however they must have a track record of success and experience within that particular field in order to compete within the market and usually these positions are crisis based or takeover based. They must have the abilities to assess the situation, suggest solutions for the crisis or implement corporate strategies, hand over the reins when the assignment nears a successful resolution as well as pass on procedures or solutions uncovered during their tenure.
Successful interim management recruitment processes can contribute to the corporation's success in a crisis or stabilize a company when a management position becomes vacant suddenly due to policy changes or unexpected situations. For the consultant, interim executive recruitment offers a position with challenge in their areas of expertise for the professional without long-term time commitments that many positions come with. A portfolio is built of successfully resolved situations, which result in increasingly more challenging and potentially rewarding employment opportunities.
Executive interim recruitment is a vital process for the company or corporation in need of temporary expert executives and a boon to those executives who prefer to work on an as needed basis. Such positions terminate with the successful resolution of the project or crisis.
A four-year bachelor degree is usually required and advanced degrees within a field may be desirable. Executive positions often work with the broader picture and many times interim executive recruitment searches focus on experts with experience in that industry and advanced degrees. Many executives have chosen to work on a consultancy basis full time and prefer a temporary or problem solving executive role.
Interim executives are not normally salaried but instead paid on a results basis and hence they are driven to produce results for the company that has engaged them. More and more jobs are turning to outsourcing as a viable means to meet a temporary need without engaging in the commitment of a full time employee and this is more evident in the use of the executive interim recruitment process on a by project basis as well as in crisis situations.
The qualified executive will normally find such positions on executive interim recruitment job sites or Executive job sites and the requirements of the company are usually very clear. However, in addition to the portfolio and resume usually required the executive must also draw up a proposal to meet the needs of the client. This would state a period; results expected as well as include a process portion where the different stages of a particular position would be outlined with expected periods. This includes the final stage where the permanent executive is ''handed the reins'' or the project is finished. A proposal of this nature should be detailed including the responsibilities of parties and expected outcomes as well as any mentoring or teaching to be done at the final stage in order to end the project smoothly.
Interim executive recruitment is a cost effective strategy for filling key executive positions on a temporary basis with skilled professionals or it can be an excellent strategy for a crisis or a project, which requires specialized executive skills with a limited commitment.
Corporations and medium sized companies are increasingly turning to the executive interim recruitment process to meet their needs and the number of executives in all fields able to provide for those short-term commitments is growing as well.
Such qualified executives command a high salary because they are results oriented individuals with a record of success and each successfully completed project adds to their portfolio and desirability to other companies. The executive interim recruitment is ideal for the skilled executive who desires freedom to work with a limited period without the long-term commitment many executive level positions require.
