• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Cornerstone International Group

Executive Search Firm

About Cornerstone

About Cornerstone

The Cornerstone Edge

AESC

Leadership Team

Diversity, Equity, & Inclusion

Become a Partner

Play Video

Get to know Cornerstone

Retained Executive Search

Discover

Retained Executive Search

Assessments

Specializations

Consumer / FMCG

Industrial

Non-Profit

Finance & Private Equity

Life Science & Health

More...

Find an Office

North America

Latin America

Europe / Middle East

Asia

 Find an Office

 Find a Search Consultant

Coaching / Leadership Dev

Discover

Executive Coaching Services

Leadership Development

Board & CEO Advisory Services

Assessments

Find a Coach

News / Blog

News & Blog Posts

National Outlooks

Videos

Surveys

Press Releases

Popular Blog Topics

COVID-19

diversity

leadership development

Healthcare

executive search

executive coaching

women in business

Life Science

neuroscience

vitality quotient

Latest Blog Post

Asia’s Fast-Growing EV Market Will Disrupt Automotive Industry Recruitment

June 2, 2022
Contact
Press Releases Demand Grows for Interim Managers
Feb 25

Demand Grows for Interim Managers

Cornerstone International Group

Replacing the CEO, according to one survey, takes an average of 90 days. Another survey reveals that more than two-thirds of organizations do not have a formal succession planning process. Small wonder, then, that the supply of highly skilled executives on a temporary basis is becoming a high profile segment of the recruiting business.

Interim Executive Management is not new, but the current business atmosphere of uncertainty and instability appears to have increased awareness significantly. In the U.K., where it has been recognized and applied for many years, Interim Management is a £250 million business. It has also taken root in Germany and Belgium and is spreading elsewhere, most notably in the U.S., Australia, France, and Ireland.

“One obvious benefit is speed,” says Justin Mills, director of BK Cornerstone Limited, a U.K.-based member of the global executive search firm Cornerstone International Group. “Typically, we can put in place a highly skilled, experienced leader who fits the criteria within 3-5 days.

“This is someone who will hit the ground running, already having the skill sets and experience to meet the specific need.”

While much of the demand for interim managers has been driven by unexpected events or sudden departures, firms now also see this as an opportunity to benefit from change. An acquisition, a turn-around, a “right-sizing” situation, or specific niche initiatives are among reasons cited. Current clients tend to be in a change environment as with banking and finance, IT and telecom.

Search firms like BK Cornerstone that offer interim management services stress the difference between the interim manager and the career candidate, maintaining distinct databases for each population. The interim candidate is an executive or senior manager with a track record of success who wants the challenge of short-term mandates.

They are comfortable accepting direct responsibility for specific goals. They are motivated to achieve their goals, given that their future work depends upon referrals and a successful record.

“They are a different breed,” says Mills. “They add value to the client organization from day one and in many ways are better at making change happen than the permanent leadership teams.”

The rising demand for interim executives represents a major shift in corporate strategic thinking, according to business specialists. Companies now view interim hiring not as a stop-gap but as a short-term solution that delivers long-term gain in terms of embedded best practices and a legacy of improvement.

“We get a good view of this trend thanks to our global network,” says William Guy, Chairman and CEO of Cornerstone International Group. “For example, our members in China see a significant opportunity there due to economic growth and a shortage of executives with 10+ years of experience.

“We expect to see the demand for interim management continue to grow.”

 

For Information:

Ian Day
Chief Marketing Officer
Cornerstone International Group
IDay@bkcornerstone.co.uk

 

LinkedinFacebookTweetShareEmailPrint

Filed Under: Press Releases

Primary Sidebar

  • News
    • Blog
    • National Outlooks
    • Press Releases
    • Newsletters
    • Surveys
    • Articles of Interest
    • Whitepapers
    • Videos

Get Latest Posts and Stay Informed

Our thought leaders share their industry knowledge and expertise.
  • This field is for validation purposes and should be left unchanged.

Recent News

  • PRESS RELEASE: Cornerstone International Group Recognized as a Global Leader in Executive Talent Search June 21, 2022
  • The Cornerstone Eagle – June 2022 – Impactful Leadership June 17, 2022
  • Asia’s Fast-Growing EV Market Will Disrupt Automotive Industry Recruitment June 2, 2022

News / Blog Archives

Footer

Areas of Specialization

  • by Industry
    • Life Science & Health
    • Financial Services PE & Family Office
    • Industrial
    • Consumer
    • Technology
    • Private Equity
    • Infrastructure & EPC
  • by Function
    • Board Directors & CEO
    • Human Resources
    • Finance and Legal
    • Agile Talent
    • Sales & Marketing
    • Operations & Supply Chain

Quick Browse

  • Find an Office
  • Find a Consultant
  • Find a Coach

Services

  • Retained Executive Search
  • Board & CEO Advisory
  • Executive Coaching

About Us

  • About Cornerstone
  • The Cornerstone Edge
  • Join Cornerstone

Switch Language

Connect with Cornerstone

Copyright © 2022 · Cornerstone International Group · Sitemap

Website Development by LimeCuda

Member-Only Portal