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Fast-growing firms 'could use interim expertise'

17 March 2010

Interim assignments are usually associated with established companies, but the model can also be successful for small businesses that have enjoyed rapid growth.

According to Business Week, start-up companies may decide to use interim executives as a way of boosting their management expertise without making a permanent appointment.

Vincent Huang, chief executive of California-based wireless phone service provider VHA, explained why his firm has benefited from the introduction of three interim managers.

"Our business grew so fast that for many years we just added head count ... I realised about a year ago that I didn't have a clue how to run a company at the level we'd gotten to," he told the publication.

Mr Huang's organisation is now using an interim executive as a "controller" while its operations continue to expand.

The firm has also hired an interim chief financial officer and an interim human resources director.

According to the latest Jobs Outlook report from the Recruitment and Employment Confederation, one in four UK companies are planning to increase the number of temporary appointments they make over the next 12 months.

Categories: Technology, Entertainment & Communications


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