| Interim Women - In The News |
| Kathryn Hughes Russam GMS Ltd. Tel: 020 32491072/07801 823 839 Email: kathryn.hughes@interimwomen.com Please click the links below to expand individual articles. |
| Ron Knox joins Russam GMS to help boost private sector interim practice 23 January 2012 |
Ron Knox joins Russam GMS to help boost private sector interim practice 23 January 2012 – Ron Knox, the former Regional Director of psychometric testing and assessment company, Thomas International, is joining Russam GMS, the award-winning Interim Management Provider, as a new Principal Consultant to help develop the company's private sector interim business. Ron brings to Russam GMS many years' experience of marketing and business development gained in consumer and business-to-business companies. Ron's background in psychometric assessments has also given him a deep understanding of the different organisational cultures and management styles in companies and what clients need from candidates. This experience means that he is well positioned to identify and recruit the best interim talent to match clients' needs. Prior to joining Thomas International Ron held senior marketing roles in Crown Paints, Forte Hotels and Hitachi Consumer Electronics and has also worked in advertising and marketing communications agencies. Ron Knox comments, "Thomas International has partnered with Russam GMS for the past five years providing personal assessments for its interim candidates and clients. During this time, I got to know the people at Russam GMS well and developed a keen understanding of the interim market and the challenges and opportunities that exist within it. I have enjoyed a successful career in the professional services market and I am delighted to join the company in an exciting period of expansion. I have an extensive network of contacts across all industry sectors and look forward to sharing the benefits of using interim managers with them." Jason Atkinson, Managing Director of Russam Interims comments, "We are delighted to welcome Ron Knox to Russam GMS. He is very well connected and we believe he will be a great asset to the company - helping us capitalise on the many new business opportunities emerging in the private sector and enabling us reach our next important stage of growth." |
| Tips for new Interim Managers 17 November 2011 |
Guest blogger: Diane Morris, director of Interimwomen
Unfortunately, the Interim Management industry is still male dominated. According to interim provider Russam GMS – only around 20 per cent of the women on its database of 12,000 interims are women and this broadly reflects the picture in the industry as a whole.
We recently surveyed 1,600 women working as interims to find out why they became interims and based on our findings, we produced an in-depth report, ‘Women in Interim Management – how to succeed, the opportunities and challenges,’ which offers an insight into the realities of an interim career.
The research highlighted that the top drivers for women leaving behind their permanent careers to become interims were the desire to work for different clients in diverse industry sectors, the attraction of working for themselves and the wish to have greater career flexibility in their working lives. And, in spite of the fact that women in interim management command an average of £604 per day, money was not a major motivator.
The women gave some straight talking advice and practical tips to ‘would be’ interims which I want to share with you. These tips were inspirational and motivating but at the same time, very practical and realistic – providing a true ‘warts and all’ insight. Here are a few of my favourites:
What was striking about the research findings was the discovery that the average female interim manager had an impressive 22 years’ business experience under her belt before starting her Interim career. There is evidently a pool of seasoned and experienced executives out there, who can provide businesses with specialist skills and fill in senior level gaps, undertake strategic business projects, or help them solve their toughest business challenges.
For the full report visit http://www.interimwomen.com/documents/IWFinalReport.pdf
| Interim management popular with women because of career flexibility, report finds 1 November 2011 |
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Women are turning to interim management because of the allure of running a business and working for a range of clients in different industries. |
| The Word on Women - Generating diversity in the interim management sector 1 November 2011 |
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Charles Russam is chairman of Russam GMS. The opinions expressed are his own. |
| Interimwomen appoints new director 1 November 2011 |
http://www.thegrapevinemagazine.com/?id=4784 The business forum for female interim managers established by Russam GMS has appointed a new director to boost growth and development. |
| Interimwomen appoints new director to boost growth and development 1 November 2011 |
http://www.onrec.com/news/news-archive/interimwomen-appoints-new-director-to-boost-growth-and-development Interimwomen, the business forum for women working as interim managers, established by interim provider Russam GMS, is delighted to welcome Diane Morris as its new Director. Diane is an accomplished marketing and advertising sales professional working for IPC Women’s Magazines and Gillette in the UK. She spent many years in Japan, where she was appointed advertising manager to Japan International Journal. She also set up her own advertising sales agency in Tokyo working with clients BBC World and Time Inc. While based in Singapore, she was appointed Regional Director ( SE Asia) for DNM strategies, organisers of the BusinessWeek conferences in Asia. On returning to the UK, Diane founded her own marketing and sales consultancy specialising in conferences and speakers for the Asian market. |
12 October 2011 |
| By Gill Plimmer
I’m know that I’m earning well below the market rate. Whenever I go for interviews they ask me how much I’m being paid, and I feel that they’ll pay me less as a result. What do I say when asked this question? Charles Russam, chairman of Russam GMS, which provides interim managers to a range of public and private businesses, says: Tell the truth. For a start, it’s easier to remember. And if they find out you’ve been lying it makes it inevitable that they will walk away from you, as you have lost all credibility. A lot of sparky people get into a situation where they are better than their boss or work in a different way. It’s not that anything has gone wrong in their ability to do the job, it is generally that the relationship has gone wrong. It frequently happens when people are growing fast in the job, which may be one reason you were underpaid. There’s no one salary for the job you’re applying for; just a range that will differ according to the features of your industry. Wait until the employer has offered you the job and raises the issue of salary. They will always expect negotiation. After all, if you can’t negotiate on behalf of yourself you won’t be able to negotiate for the company you’re joining. You could say something like: “I do think I’m worth more than you’re offering. It’s not just that I’m asking for it; I would like the opportunity to demonstrate it to you.” I think that’s impressive as it’s assertive and pleasant and they will be impressed that you have come up with that idea. It links your employer’s performance to yours. Ask for an early review of salary to be written into the contract letter, ideally with one or two benchmarks that you can use to demonstrate what you have achieved. Full article here... |
15 September 2011 |
| A major new report of 1600 women working as Interim Managers, 'Women in Interim Management – how to succeed, the opportunities and challenges,' , launched today by Interim Women,www.interimwomen.com, the business network for women working as Interim Managers, reveals the top reasons attractions of a career in Interim Management for women is the allure being the boss, running a business and working for a range of clients in different industries. Money is not a major motivator in spite of the fact that women in Interim Management command an average of £604 a day. However, women see Interim Management as a way of gaining greater career flexibility and work life balance, and a means of gaining new skills and experience. Hilary Sears, research co-ordinator, Interim Women says, "Women are turning to Interim Management for an entirely different way of working. The women we surveyed typically have 22 years' business experience and were former senior business executives at the top of their game. They were motivated to leave their permanent careers because they wanted to be their own boss. Interim Management has enabled them to take charge of their careers, work with different clients in a variety of industries and experience the challenges of running a business." However, making the transition from a permanent career into Interim Management is not easy. The number one challenge for the women was winning their first assignment; the second was networking and marketing to win business and the third was defining their professional product to clients. Half of all women found the transition from permanent to Interim work difficult and said that it took several months or more to find work, with some taking up to a year. They stressed the importance of careful financial planning and creating a financial buffer to cope. However, not everyone found it hard - 37% found it easy to start their Interim careers, with many taking just a few weeks to win their first assignment. To win assignments, networking with former clients, colleagues and bosses pays dividends. Around a third found their first assignment through a personal recommendation or referral, 30% found work through an Interim Recruitment Provider, 27% said it was through networking and one in ten used the social networking sites Twitter and Linked In. Whilst, the women crave greater flexibility, it is debatable whether Interim Management delivers this. Around 8 out of ten Interims work full time and the remainder work part time. Half of all Interims focus on one client at a time, a third work for two clients at the same time and only 15% work for three clients simultaneously. Over half of the Interims work a five day a week, 15% work a four day a week, 18% work three days a week, with a small minority working one or two days. Hilary Sears commented, "The majority of Interims are working full time, long hours and flat out on assignments – it is very intensive. Many concede that Interim Management is harder than their former careers, but insist it gives greater flexibility because the women can choose their assignments, manage their workloads and fit work around their charity interests and family life. They make the rules and are not constrained by office politics and someone else's timetable. However, it means that any relaxation is relegated to between assignments." Amazingly, almost a fifth of Interim women (19%) also balance a trustee role with their Interim Management work and 71% of the women said they would like to take on an unpaid trustee role and fit this in with their Interim career. One dark cloud on the horizon is the slow economic recovery. A fifth of women stated there are fewer jobs this year than last, tougher competition and bigger gaps between assignments. Clients are increasingly demanding with higher expectations too. 39% said these issues were their biggest concerns about the future. 16% were concerned about the public sector cuts and work drying up in this sector, and others were concerned about a drop in client demand and a fall in rates. Charles Russam, Chairman of Russam GMS who set up Interim Women said, "It was striking that these women are so experienced, determined and resilient and they undertake Interim work because they are passionate both about being their own boss and working with different clients on challenging assignments. "Whilst the majority of women confessed that Interim Management is hard work, it seems being the boss is worth the sacrifices. This report however, sends a clear message to businesses that there is a major pool of experienced, senior level women Interims out there who could help them with their toughest challenges." Full article here... |
15 September 2011 |
| A report of 1,600 women working as interim managers, 'Women in Interim Management – how to succeed, the opportunities and challenges,' has been released by Interim Women, the business network for women working as interim managers. The results lift the lid on the top attractions of a career in interim management (IM), for women it would seem the main pull is being the boss, running a business and working for a range of clients in different industries. The survey also showed that money is not a major motivator, in spite of the fact that women in IM command an average of £604 a day. Those surveyed see it as a way of gaining greater career flexibility and a work-life balance, and a means of gaining skills and experience. Hilary Sears, research co-ordinator, Interim Women commented: 'Women are turning to interim management for an entirely different way of working. The women we surveyed typically have 22 years' business experience and were former senior business executives at the top of their game. They were motivated to leave their permanent careers because they wanted to be their own boss. Interim Management has enabled them to take charge of their careers, work with different clients in a variety of industries and experience the challenges of running a business.' The move from permanent to interim work appears to be a tricky one with half of women claiming to find it difficult with the majority agreeing that it took several months or more to find work. That said, not all found it challenging; 37 per cent found it easy to start, with many taking just a few weeks to win their first assignment. Charles Russam, chairman of Russam GMS who set up Interim Women added, 'It was striking that these women are so experienced, determined and resilient and they undertake Interim work because they are passionate both about being their own boss and working with different clients on challenging assignments. 'Whilst the majority of women confessed that Interim Management is hard work, it seems being the boss is worth the sacrifices. This report however, sends a clear message to businesses that there is a major pool of experienced, senior level women Interims out there who could help them with their toughest challenges.' Full article here... |
15 September 2011 |
| Most of us have grown up with the idea of a permanent job.
But for many women, an interim career can offer a professional experience that being on the payroll may simply not deliver.
Kathryn Riley has been filling board-level roles in human resources since 2000. Before that she had a successful career in the City of London.
Her first role was with Network Rail, which owns and operates the UK's rail infrastructure. "I had never done any work with railways, but it was a big role. It was a fascinating time to be involved," she says. Riley has also worked for a range of clients in the utilities, telecoms and healthcare industries, usually reporting to the chief executive. Riley continues: "You don't have six months to say hello to everybody; you've got to do an assessment very quickly, understand the operating plan and how the whole business works. Your plan has to be robust, because often it is you who is going to have to implement it. The reality is you may be hired to do something unpopular." And while "it has some downsides, I prefer the freedom, the variety, and opportunity to make a difference whilst being able to stay out of all the office politics," Riley says. Her assignments can last anything from three months to three years and tend to be full-time roles. According to a report by Interim Women, an organisation set up by Charles Russam, chairman of Russam GMS, an interim recruitment company, Riley's experience is shared by others. The women surveyed by Russam cited the diverse nature of the challenge, being your own boss, and flexibility as key advantages to an interim career. "We started Interim Women because we didn't understand why there are not enough women in interim management", Russam says. Seventy per cent of interim assignments are filled by men, according to the UK's Interim Management Association. The women surveyed earned an average £604 per day and had an average of 22 years experience before embarking on interim careers. Full article here... |
14 September 2011 |
| A new report of 1600 women working as Interim Managers, 'Women in Interim Management – how to succeed, the opportunities and challenges,' , launched today by Interim Women, www.interimwomen.com, reveals the top reasons attractions of the career for is the allure of being the boss, running a business and working for a range of clients in different industries. Money is not a major motivator in spite of the fact they command an average of £604 a day. However, women opt for the career as a way of gaining greater career flexibility and work life balance, and a means of gaining new skills and experience. Hilary Sears, research co-ordinator, Interim Women says, "The women we surveyed typically have 22 years' business experience and were former senior business executives at the top of their game. They were motivated to leave their permanent careers because they wanted to be their own boss. Interim Management has enabled them to take charge of their careers, work with different clients in a variety of industries and experience the challenges of running a business." However, making the transition from a permanent career is not easy. The number one challenge for the women was winning their first assignment; the second was networking and marketing to win business and the third was defining their professional product to clients. Half of all women found the transition difficult and said that it took several months or more to find work, with some taking up to a year. They stressed the importance of careful financial planning and creating a financial buffer to cope. However, not everyone found it hard - 37% found it easy to start out,with many taking just a few weeks to win their first assignment. To win assignments, networking with former clients, colleagues and bosses pays dividends. Around a third found their first assignment through a personal recommendation or referral, 30% found work through an Interim Recruitment Provider, 27% said it was through networking and one in ten used the social networking sites Twitter and Linked In. Whilst, the women crave greater flexibility, it is debatable whether interim working delivers this. Around 8 out of ten work full time and the remainder work part time. Half of the women focus on one client at a time, a third work for two clients at the same time and only 15% work for three clients simultaneously. Over half of the Interims work a five day a week, 15% work a four day a week, 18% work three days a week, with a small minority working one or two days. Hilary Sears commented, "The majority of Interims are working full time, long hours and flat out on assignments – it is very intensive. Whilst ,they concede it is harder than their former careers,they believe it gives greater flexibility because the women can choose their assignments, manage their workloads and fit work around their charity interests and family life. They make the rules and are not constrained by office politics and someone else's timetable. However, it means that any relaxation is relegated to between assignments." Amazingly, almost a fifth of women surveyed (19%) also balance a trustee role with their Interim Management work and 71% of the women said they would like to take on an unpaid trustee role and fit this in with their Interim career. One dark cloud on the horizon is the slow economic recovery. A fifth of women stated there are fewer jobs this year than last, tougher competition and bigger gaps between assignments. Clients are increasingly demanding with higher expectations too. 39% said these issues were their biggest concerns about the future. 16% were concerned about the public sector cuts and work drying up in this sector, and others were concerned about a drop in client demand and a fall in rates. Charles Russam, Chairman of Russam GMS who set up Interim Women said, "It was striking that these women are so experienced, determined and resilient and they undertake Interim work because they are passionate both about being their own boss and working with different clients on challenging assignments. "Whilst the majority of women confessed that whilst interim is hard work, it seems being the boss is worth the sacrifices. This report however, sends a clear message to businesses that there is a major pool of experienced, senior level women out there who could help them with their toughest challenges." Full article here... |
14 September 2011 |
| Half of all women have found the transition from permanent to interim work difficult, according to research from Interim Women, the business network for women working as Interim Managers.
Research found that it took several months or more to find work, with some new interims taking up to a year.
The findings also show that to win assignments, networking with former clients, colleagues and bosses pays dividends. Around one in three found their first assignment through a personal recommendation or referral, 30% found work through an interim recruitment provider, 27% said it was through networking and one in 10 used the social networking sites Twitter and LinkedIn.
However, 37% found it easy to start their interim careers, with many taking just a few weeks to win their first assignment. Full article here... |
13 September 2011 |
| According to the report 'How to succeed, the opportunities and challenges', women see interim management as a way of gaining greater career flexibility, work-life balance and new skills. By Vicki Owen Money is not the main motivator for women with careers in interim management, according to a new report by Interim Women. The study of 1,600 women – earning £604 per day on average – has found that the top attractions of a career in interim management include the allure of being the boss, running a business and working for a range of clients in different industries. According to the report 'How to succeed, the opportunities and challenges', women see interim management as a way of gaining greater career flexibility, work-life balance and new skills. Hilary Sears (pictured), research co-ordinator at Interim Women, which launched the report today, says: 'Women are turning to Interim Management for an entirely different way of working. The women we surveyed typically have 22 years' business experience and were former senior business executives at the top of their game. They were motivated to leave their permanent careers because they wanted to be their own boss. 'Interim management has enabled them to take charge of their careers, work with different clients in a variety of industries and experience the challenges of running a business.' But, she says, making the transition from a permanent career into interim management is not easy. The biggest challenge for the women was winning their first assignment, followed by networking and marketing to win business and defining their professional product to clients. Half of all women found the transition from permanent to interim work difficult and said that it took several months or more to find work, with some taking up to a year. They stressed the importance of careful financial planning and creating a financial buffer to cope. Meanwhile 37 per cent say they found it easy to start their interim careers, with many taking just a few weeks to win their first assignment. To win assignments, networking with former clients, colleagues and bosses pays dividends. Around a third found their first assignment through a personal recommendation or referral, 30 per cent found work through an Interim Recruitment Provider, 27 per cent said it was through networking and one in ten used the social networking sites Twitter and LinkedIn. Whilst, the women surveyed crave greater flexibility, it is debatable whether Interim Management delivers this. Around eight out of ten interims work full-time and the remainder work part-time. Half of all interims focus on one client at a time, a third work for two clients at the same time. Only 15 per cent work for three clients simultaneously. More than half of the interims work a five day a week, 15 per cent work a four day a week, 18 per cent work three days a week, and a small minority work one or two days. Hilary Sears says: 'The majority of interims are working full time, long hours and flat out on assignments – it is very intensive. Many concede that interim management is harder than their former careers, but insist it gives greater flexibility because the women can choose their assignments, manage their workloads and fit work around their charity interests and family life. They make the rules and are not constrained by office politics and someone else's timetable. However, it means that any relaxation is relegated to between assignments.' Almost a fifth of interim women also balance a trustee role with their interim management work and 71 per cent of the women said they would like to take on an unpaid trustee role and fit this in with their interim career. But one dark cloud on the horizon is the slow economic recovery. A fifth of women stated there are fewer jobs this year than last, tougher competition and bigger gaps between assignments. Clients are increasingly have greater expectations too and 39 per cent say these issues are their biggest concerns about the future. Charles Russam, chairman of Russam GMS, the company which set up Interim Women, says: 'It is striking that these women are so experienced, determined and resilient and they undertake interim work because they are passionate both about being their own boss and working with different clients on challenging assignments. 'Whilst the majority of women confessed that interim management is hard work, it seems being the boss is worth the sacrifices. This report, however, sends a clear message to businesses that there is a major pool of experienced, senior level women interims out there who could help them with their toughest challenges.' Full article here... |
8 August 2011 |
| The Recruitment Consultant Industry Awards 2011 has awarded the UK's longest established interim management provider. The Best Interim Provider award went to Russam GMS for its many initiatives, such as Interim Women and Trustees Unlimited. Competition included Green Park Interim and VMA. Charles Russam, Chairman, Russam GMS, says: "We are delighted to win Best Interim Provider 2011 at the Recruitment Consultant awards. It is a great testament to the hard work of all the team at Russam GMS. "Our initiatives, such as Interim Women, Trustees Unlimited, Russam Business Mentors and our Associates Programme are all designed to provide Interims with the support they need to be the best in the business and get ahead in these challenging market conditions. We are delighted to be recognised for this by the industry." |
3 August 2011 |
| According to the latest reports, many UK charities are under intense financial pressure caused by government spending cuts, the reduced availability of government grants, falling donation numbers and the need to deliver a greater number of services with reduced budgets. The annual charity market monitor, a survey of the top 500 charities from CaritasData published last week, revealed that charities' income levels fell in 2009 and 2010, following four years of consistent growth. Additionally, NCVO's recently published charity forecast, which is a snapshot of the views of UK charity leaders, found that the majority of leaders said their financial situation had got worse last year, with many of them suggesting it would deteriorate further over the next year. Interestingly, however, they still expect to maintain or increase the level of services they provide over the next quarter, in spite of the fact that budgets have decreased. Many organisations are responding to these financial problems proactively and are working hard to generate additional income streams. Our not-for-profit interim management recruitment practice continues to be in constant demand; buoyed by an increase in demand for interims with strong commercial experience. Our latest bi-annual snapshot market survey showed that interim activity in the not-for-profit/charity sector has remained stable for the past year. Pay rates were also stable, with interims commanding from £420 to £430 a day for assignments. Over the past six months, the majority of assignments have focused on helping charities improve their financial situations. Interim managers are a popular choice for charities because they tend to have the commercial knowledge and experience that is often missing at a senior level in charities. Often interim managers can introduce smarter ways of working, and bring an independent and fresh perspective to an organisation, as well as innovative approaches to problem solving. Affordability is another key factor - interim managers charge a daily rate which means they can be very cost effective hire even for smaller charities, and this enables them to recruit these senior executives to run specific strategic projects. Over the past 12 months, we have seen a number of charities recruiting interim managers to deliver high level strategic projects. These have included the implementation of new business processes, the delivery of short, medium and long term financial and business strategies, the introduction of new IT systems and the management of major organisational restructuring projects. We have also continued to see interim managers' contracts being extended, which has reflected their added value. A good example of this is a recent assignment with UK mental health charity, Mind. Interim finance director Kris Murali was deployed into Mind on a three day a week project for three months. Kris was tasked with managing two urgent business projects - the implementation of a new IT system and heading up an office move and bringing together employees from Mind's two head office buildings into a new office in order to improve working relationships, collaboration and information sharing. Kris delivered both projects in time and on budget, engaging with employees at all levels to secure project backing. However, it soon became clear to the management team at Mind that Kris could add value in other areas. He became involved in the board level meetings of Mind's trading arm and in time, he created a clear direction for the governance of the board of Mind's trading arm and also helped in the recruitment of a managing director to run the trading arm. This is a typical interim assignment and many interims like Kris also ensure they leave a lasting legacy which often involves training internal employees so they can continue their good work. The next year is undoubtedly going to be seriously challenging for the sector. Charities are going to need to become more entrepreneurial and commercial to survive. Many will undertake collaborative partnerships to reduce costs and generate additional revenue and for these kinds of projects, hiring an experienced interim manager could pay long term dividends. Ian Joseph is director of charities and not-for-profit practice at Russam GMS Original article here |
27 July 2011 |
| It seems that businesses are hiring Interim once again and sectors such as financial services, engineering and manufacturing are particularly buoyant, which is reflected in the figures which show an eight percent rise in activity. The latest six month Interim Management market snap shot from Russam GMS made interesting reading. The good news was that the research showed a return to growth for the Interim Market following a drop in activity in the later part of last year. This return to growth is supported too by a market analysis from the Institute of Interim Management last week which also showed a rise in activity levels in the market. Interestingly, Interim activity remained static in both central and local government. Whilst there are is still a low level of assignments in the public sector, it might be that things aren't getting worse and it could mean that the majority of the cuts were made last year, when this same survey recorded a large fall in public sector Interim activity. The report also states the gender pay gap in Interim Management is narrowing. In June 2011, the average daily rate for women was £567 compared with £613 for men which is a difference of eight percent. In December last year, the gender pay gap stood at 11 percent. However, this is hardly cause for celebration as men and women in Interim tend to be paid exactly the same daily rate for an assignment. In essence, there shouldn't be a gap at all. Charles Russam, Chairman of Russam GMS said that a possible reason for that a proportionately greater number of women than men on our database work in the not for profit sector rather than, say, Financial Services and in disciplines such as HR, where pay can be lower than areas such as general management. I hope he is right as Interim Management is one area where equality in pay should not be an issue. We will be watching these figures closely and let's hope the gap narrows further in the next sixth months. Original article here |
30 June 2011 |
| Russam GMS won the Best Interim Provider award at The Recruitment Consultant Industry awards 2011. This award follows the company’s winning of Best Interim Recruitment Provider at the Recruiter awards last year. Russam GMS, the UK’s longest established interim management provider, won the award as a result of its many initiatives such as Interim Women and Trustees Unlimited; strong business growth, commitment to quality search processes, and its genuine understanding of the interim management sector. To win, Russam GMS fended off tough competition from Green Park Interim and VMA. Charles Russam, Chairman of Russam GMS, said: “We are delighted to win Best Interim Provider 2011 at the Recruitment Consultant awards. It is a great testament to the hard work of all the team at Russam GMS. Our initiatives, such as Interim Women, Trustees Unlimited, Russam Business Mentors and our Associates Programme are all designed to provide Interims with the support they need to be the best in the business and get ahead in these challenging market conditions. We are delighted to be recognised for this by the industry.” |
11 May 2011 |
| More than a quarter of these organisations have fewer than 25% of women in their boardrooms, so there is clearly a lot of room for improvement. Admittedly, the charity sector is way ahead of the private sector in terms of progressing women on to boards... Original article here. |
31 March 2011 |
| The UK could learn lessons from the US on reducing the burden of employment regulations on business, according to Raj Tulsiani, vice-chair of the Interim Management Association (IMA). The founder and chief executive of Green Park Executive Resourcing told Recruiter that while culturally the UK was not ready for the US's hire and fire culture, the government needs to do more to demystify complex employment legislation so UK businesses can implement growth strategies and boost exports. Original article here. |
14 March 2011 |
| The jury is still out on how David Cameron's vision will affect not for profit companies, says Ian Joseph The voluntary sector must work out how and why David Cameron's 'big society' will affect their work. At the "big society" re-launch earlier this month, David Cameron reaffirmed his commitment and passion for this ideology. However, in the not for profit sector it seems that the jury is still out in terms of what the big society is, how it will work and how it will affect them. What is clear is that boards need to adapt to the changing environment around them. While Cameron has spent months focusing on the idea of volunteering, as well as the importance of community groups and charities getting involved in the delivery of public services, he has also confirmed that local authority spending cuts will result in serious pain for many organisations. I met with a large service provider this week and they told me they are facing up to 18% cuts in their local authority funding. This will result in new contracts for staff with many now working longer hours for the same or less money. The reality of cuts is hitting home – hard. Cameron's intention to open up all public services to private contractors and voluntary organisations will mean opportunities and challenges to the sector in terms of winning work, and I hope that the sector will grow as it proves its ability to deliver. However, with more contracts comes increased accountability to the public for delivery. Furthermore, payment by results will be the modus operandi. Charities consistently rank near the top in terms of public trust but hard-fought reputations run the risk of exposure, as more contracts are awarded and the public demand excellence. The brave new world we are entering, whether willingly or not, means that the old world where boards were assembled in a less than robust way is, or rather, should be completely over. The sector embarked on a professionalisation journey some 20 years ago, but good governance is still very much a work in progress. As the sector docks at the quayside of the "big society" it needs to have boards in the bridge that are fit for purpose or run the risk of damage of titanic proportions. Governance is made all the more complex when the traditional structures of organisations are changing and where we have hybrid organisations, perhaps social businesses spun off from the state. It is vital that boards reflect the interests of the beneficiaries, rather than a particular stakeholder group such as employees or financial backers. One of the fundamental responsibilities of the board is to be the custodian of the organisation's vision, mission and values. As they adapt to the inevitable changes the big society will impose on them, boards needs to ensure they remain true to their purpose. That means that individual board members need to be engaged, attending meetings, reading reports before meetings and contributing. This sounds obvious but it's amazing how many boards are carrying dead weights. I sat in a two and a half hour board meeting recently and a fellow trustee did not say one word the whole time; what was she doing there? But having engaged board members is not enough. Not for profits should be undertaking a skills assessment to pinpoint any skills gaps regularly. My sense is that many boards will need to start recruiting individuals with strong commercial skills. Organisations will need to attract people from both the private and public sectors, and ideally those that have worked at the nexus of all three sectors. They may also need to improve the skills of existing board members and invest in training – particularly in the areas of governance and finance. Organisations will also have to consider if their boards are diverse enough; if they are balanced and truly reflective of the people they serve. This is not about tokenism, but rather about ensuring the board is as possible close to the market it serves. Christian Aid and London-based mental health charity Community Options are two organisations which have recently used Trustees Unlimited's recruitment services to find trustees from diverse backgrounds. Christian Aid recruited Tom Hinton, a finance director of one of Centrica's businesses, because it wanted to strengthen its financial and risk management capabilities. Community Options recruited John Schuster, a marketing communications expert with a financial background, to its board to help raise the organisation's profile and highlight its work in mental health. Both organisations and many like them have wrestled with what they need and then gone out and found them (often with a little help from a professional recruitment firm). This must be the correct way to help our organisations be relevant. One in five charities have at least one vacancy on their boards. Given that there are gaps on boards and gaps in skills, now is the perfect time to grab hold of our boards and fill those vacant positions with top-quality people who can help us all prepare for the journey ahead. Ian Joseph is the director of Trustees Unlimited Original article here. |
25 February 2011 |
| Rachel Youngman, chair of Interim Women, says interim management offers a great way to work with a diverse range of clients. She shares her tips for becoming an interim manager. By Rachel Youngman, chair of Interim Women The news that Lord Davies's inquiry into women on boards has recommended that blue-chip companies be given two years to raise sharply the proportion of women on their boards or face the imposition of quotas will be a major step forward towards creating greater board diversity in FTSE companies. The fact that one in four of the UK's 100 biggest listed companies doesn't have any women representatives on their board and just 12 per cent of FTSE 100 company directors are women – a figure which hasn't changed in the last three years – is derisory. These statistics raise serious questions about the ability of FTSE companies to progress senior level women. Are companies failing to cast the net widely enough to recruit female talent or simply not promoting women? Or could it be that women are scratching at the ceiling because boardrooms are not attractive places to work? Another alternative is that women are opting for different, but equally challenging, career options such as interim management, which enables them to operate at a very senior level in business and make boardroom level decisions, see the results of their endeavours and work in a more flexible way, without the office politics. The Interim Management Association (IMA) defines interim managers as 'experienced, hands-on executives and senior managers, who have a proven track record and operate at all levels, from the chairman of the board to the line manager, from programme director to senior project manager'. In addition to this, it is important to stress that interim managers are problem solvers, people who are parachuted into businesses at a very senior level to handle challenges, and fix problems before moving on. And it is the challenging nature of the work that appeals. In a 2010 Interim Women survey of more than 700 women working as interim managers, 60 per cent claimed that interim work was more interesting and challenging than their previous careers. Like FTSE Boards, the interim management industry is still male dominated but it has recently started to attract more women. In 2007, interim provider Russam GMS founded Interim Women to be a support to women working as interim managers and attract a greater number into the industry. At that time, 10 per cent of Russam's database of 11,000 interim managers were women and it wanted this to change. Today, this figure is closer to 14 per cent. Interestingly, Russam GMS claims that around 25 per cent of its assignments are done by women, pointing to the fact that women are more successful at winning assignments than men (which is supported by research from the Interim Management Association published in December). It highlighted that a greater number of women were on assignment than ever before with 39 per cent of assignments in Q3 being completed by women, up 10 percentage points from the previous quarter. So what are the main attractions of Interim management for women? According to the research one of the big attractions is greater flexibility. 66 per cent of women claimed interim management gave them greater flexibility in their working lives and, given these views, it is unsurprising that a third of interims prefer to handle a number of assignments part time. Eight out of ten of these women claimed they have a portfolio career, with two thirds working for 2-3 clients. They also said that this way of working offering greater job diversity, more interesting career challenges and an opportunity to develop their professional skills. But interim management and a portfolio style of working doesn't come without its challenges – it is not for the faint hearted. 72 per cent of interims said that managing the expectations of multiple clients, keeping on top of planning and juggling client commitments were their biggest challenges. Other difficulties encountered included finding the work and managing the logistics of working in different locations. Multi-tasking is the number one skill needed for successful portfolio working according to a third of the interims, closely followed by leadership skills (24 per cent) and planning and organisational skills (22 per cent). Having good client management and people skills were also deemed important. Interim Management is challenging but brings variety. It allows people to work at very senior levels in business and make boardroom level decisions. It suits people who do not espouse office politics, who want flexibility, individuals who are tenacious when it comes to finding work and who are willing to take a risk – giving up any permanent job in the current business climate and leaping into the unknown is risky. Having operated as an interim manager for many years now, I believe the rewards outweigh the risks and having a diverse and interesting career is something to which many people aspire. Top tips for becoming an interim manager Setting up a small business – Get the right financial advice on setting up a limited company and the tax implications of working as an interim manager. There are numerous websites including those of interim management providers like Russam GMS, the Interim Hub (www.interim-hub.com), which is a great source of information about how to become an Interim and from organisations like The Professional Contractors Groups. Get your message right – You will need a good CV with clear messages on what skills you will bring to assignments with some good brief examples and facts and figures of where you have made a difference. Make sure you tailor the CV for each assignment. Networking – If you are leaving employment to become an interim make sure you retain as many contacts as possible with former colleagues and clients, go to events where your potential clients will be and join industry networking groups. Marketing – More than 50 per cent of your work will be won directly with clients so networking and marketing are essential. Peer Support – Get as much advice as possible from experienced interims through groups such as InterimWomen.com. You might find yourself competing for assignments but interims are happy to share experiences and offer support to get new interims started – we like healthy competition! Get to know the interim management providers – Do some homework on the providers and see which ones specialise in your sector. Register but don't forget that you need to get to know the consultants so you are on their radar for possible assignments. Join the IMA Institute which runs a programme to give members the opportunity to speak to providers. Do your research – Once you secure an interview make sure you do some thorough research on the prospective client. The most successful interims are those who plan, plan and plan. And finally – Interim management offers a great way to work with a diverse range of clients. But it is not a soft temporary option – it is hard work; assignments are intense and there can be gaps between assignments when you are not earning Interim Women is a business network set up by Russam GMS. Original article here. |
23 January 2011 |
| Melissa Bridges started her career as a public sector interim manager two-and-a-half years ago. "When people hear they are getting an interim manager they don't expect someone like me," she said. Formerly a management consultant for KPMG and Capgemini, she has recently acted as associate director of acute commissioning at a London primary care trust and has run a change management project at a charity. Traditionally, interim managers have been men at the later stages of their careers. Now younger executives like Bridges view interim work as a career choice rather than a stepping stone to retirement. "I was lucky with the interview for my first assignment," said Bridges, 34. "There was a forward thinking director and chief executive who looked at my CV, interviewed me and then said 'You're bright, you'll pick it up'." Bridges said a certain detachment is an advantage. "As a management consultant I worked with the Ministry of Defence, the Foreign Office and in the motor industry. With 12 years of experience I can bring lessons learnt in best practice from other sectors." Charles Russam of Russam GMS, the interim management provider that regularly surveys the market, said that whereas 30 years ago the average interim manager was 60, today the age is 52 and for women 47. "For some chief executive roles, companies still look for someone in their fifties who has the experience and gravitas, but you now find many more interim managers in their thirties and forties," he said. Women, according to Russam's research, now account for about 25% of the interim workforce, compared with 15% in 2007. The number of women on interim assignments is at a high, reports the Interim Management Association's latest quarterly Ipsos Mori market audit. Figures show that women completed 39% of assignments in the third quarter of last year, an increase of 10 percentage points from the previous quarter. "It's more about variety of experience and ability these days. Age and sex are largely irrelevant," said Raj Tulsiani, chief executive of Green Park, an interim search consultancy. Certain sectors look for younger interim managers these days, he said, especially those with experience in e-commerce and Web 2.0. Green Park has 150 interim managers on its books, some in their early thirties, who expect to earn about £500 a day. Penna, a human resources consultancy, has experienced an increase in people of all ages on its interim books. "People reach senior roles such as directorships earlier in their careers these days and so they are ready to become interims at a younger age," said Simon Drake, director of its executive interim department. Penna recently placed Jill Palmer, 41, with an international building materials supplier to reorganise its legal department. "I am a solicitor by profession but then I moved into human resources so I usually come into organisations because they need a difficult issue handled quickly," said Palmer, who lives in Solihull with her husband, also an interim manager, and their two children. "I moved into interim management when the children were both under three and even now I like the idea that I can take the whole of August off, for instance," she said. She believes that although change management is rarely comfortable or easy, women can be better attuned to dealing with people, which could challenge the perception of the interim manager as a hatchet man. Irina Miksa, 33, started as an interim manager five years ago because she could fit the work round her accountancy studies. Recently she has worked in information and communication technology for various government bodies and departments as well as the not-for-profit sector in London. "I don't have the experience that an older interim might have," she admitted, "but I have a lot more experience than managers who have always worked in the same company or the same area." The benefits for experience and career progression are considerable, said Tim Vye at Reed Finance. "The increase of interim management roles has meant that it can be a serious career move for many executives," he said. "Interim roles give candidates the opportunity to get specialist, high-level experience quickly. "Some executives now choose interim management as a permanent career, moving from project to project," Vye said. "Others use heavyweight, interim roles to demonstrate to potential employers that they have the skills to become future business leaders." Original article here. |
22 October 2010 |
The low proportion of women holding directorships suggests British business is not using all of the skills and talents of the workforce effectively. The Government is committed to seeing swift change in this area and this Call for Evidence is seeking views from across the business world. The Women on Boards Call for Evidence is a short online survey that takes less than five minutes to complete - it is open until Tuesday 30th November. More information can be found here |
2 August 2010 |
Portfolio working by female interim managers is becoming the norm in interim management, according to new research of 1,400 female interim managers, polled by Interimwomen. |
2 August 2010 |
| Portfolio working - where interim managers work for a number of different clients rather than just one - is becoming the norm, according research by Russam GMS business forum Interimwomen. The research revealed that a third of interims prefer to handle a number of assignments part time, 57% said they were happy to work for either one or more clients and just 9% of interims said they preferred to work on one assignment at a time. Some eight out of 10 women questioned claimed they already had a portfolio career, two-thirds of whom were working for two or three clients, 15% were working for three or four clients, with 8% working for four to five clients. The majority (82%) believe interim managers will adopt portfolio working increasingly over the next year for a number of reasons. A third said portfolio working offered interims a way of earning more money and 31% said a portfolio career offered greater job diversity and more interesting challenges. One in five (18%) said interims were having to adopt portfolio careers and work for multiple clients because the number of full-time assignments had dropped since the recession. But portfolio working does not come without challenges. Almost three-quarters (72%) said managing the expectations of multiple clients and keeping on top of planning and juggling client commitments were the biggest challenges. Other difficulties encountered included finding the work and managing the logistics of working in different locations. Multi-tasking is the No1 skill needed for successful portfolio working according to a third of the interims, closely followed by leadership skills (24%) and planning and organisational skills (22%). Having good client management and people skills, and the ability to find clients were also important. Interimwomen director Karen Oddey said: "Interims are embracing portfolio working and the challenge of handling multiple assignments partly out of choice and partly as a result of market forces. While portfolio work is hugely challenging it can also be rewarding and provide the kinds of diverse challenges and opportunities that many women are looking for in their careers. "Many women also are looking to include non-executive roles in their portfolios – from trustee positions to traditional non exec roles in the private and public sector in order to further their skills and careers, but it seems that these roles are still hard to find. Interim Women hopes to promote a greater number of non-executive roles to our members through partner organisations such as Trustees Unlimited and Russam GMS." Original article here. |
8 March 2010 |
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3 March 2010 |
The judging is completed, and now Recruiter is proud to announce the shortlist of finalists for the Recruiter Awards for Excellence 2010, supported by Innovate CV. Original article here |
January 2010 |
| Female interim managers need to develop their professional skills to stand the best chance of winning business this year, according to a survey of 700 women interim managers from InterimWomen, the UK business forum for female interims set up by Interim recruiter, Russam GMS. In light of the current, competitive market, 61% of interims said that professional development is critical for interims to get ahead of the competition. Two thirds stated that those who undertake professional development courses will be more likely to win assignments than those who don't. Just 24% of interims said that training and development was not important or would be linked to career opportunities. More than half of those questioned said that networking and marketing themselves effectively was the most challenging factor (52%); a quarter said winning their first assignment had been tough (25%). Others claimed that deciding on their ‘professional product', managing cash flow when moving from a permanent role and setting up as a small business had proved difficult. Rachel Youngman, chair of InterimWomen, says: "The research shows that interims place great importance on training — many have gained industry recognised professional qualifications, in addition to general self development courses. "In the current competitive market, interims that focus on self development have up-to-date professional qualifications and skills, particularly in their field of expertise, will stand more chance of winning assignments. "Continual professional development will not only ensure that an interim's skills and knowledge are up-to-date, but that they have the confidence to shine in interview and networking situations which will be vital in ensuring they win business." Original article here |
January 2010 |
| Interims that develop their skills in 2010 will have a better chance of winning assignments this year. According to new research from Russam GMS, 61% of female interim managers believe that professional development was critical to staying one step ahead of the competition in the current competitive climate. Two thirds feel that those who take learning and development courses will have a better chance of winning assignments (compared to those who don’t embark on these courses), whilst just under a quarter (24%) either feel that professional development is not important or do not believe that it is linked to career opportunities. Almost three quarters (71%) of female interims had taken some form of training since they began their careers, and many of these interims who had training felt that it had enhanced their skills and knowledge and given them confidence to overcome the challenges they faced when starting out. Rachel Youngman, InterimWomen, Chair, comments: “The research shows that Interims place great importance on training – many have gained industry recognised professional qualifications, in addition to general self development courses. In the current competitive market – Interims that focus on self development, have up to date professional qualifications and skills, particularly in their field of expertise, will stand more chance of winning assignments. “Continual professional development will not only ensure that an Interim’s skills and knowledge are up to date, but that they have the confidence to shine in interview and networking situations which will be vital in ensuring they win business.” The research encompasses the opinions of 700 female interim managers. Original article here |
19 January 2010 |
| Female interim managers need to develop their professional skills to stand the best chance of winning business this year, according to a survey of 700 women interim managers from InterimWomen, the UK business forum for female interims set up by Interim recruiter, Russam GMS. In light of the current, competitive market, 61% of interims said that professional development is critical for interims to get ahead of the competition. Two-thirds stated that those who undertake professional development courses will be more likely to win assignments than those who don’t. Just 24% of interims said that training and development was not important or would be linked to career opportunities. More than half of those questioned said that networking and marketing themselves effectively was the most challenging factor (52%); a quarter said winning their first assignment had been tough (25%). Others claimed that deciding on their ‘professional product’, managing cash flow when moving from a permanent role and setting up as a small business had proved difficult. ![]() Rachel Youngman Rachel Youngman, chair of InterimWomen, says: “The research shows that interims place great importance on training — many have gained industry recognised professional qualifications, in addition to general self development courses. “In the current competitive market, interims that focus on self development have up-to-date professional qualifications and skills, particularly in their field of expertise, will stand more chance of winning assignments. “Continual professional development will not only ensure that an interim’s skills and knowledge are up-to-date, but that they have the confidence to shine in interview and networking situations which will be vital in ensuring they win business.” Original artcile here |
7 December 2009 |
| Women make up 31% of interim executives, according to the Interim Management Association’s (IMA) latest Ipsos MORI report. The male/female gap in interim management has narrowed yet again, continuing the trend started back in Q1 2008. Only 18 months ago, women accounted for only a quarter of interim managers, however, 2008 saw the number increase by 16%. Paul Botting, IMA chairman, says: “Interim management is a dynamic and rewarding sector which provides access to a number of differing roles spanning all sectors and industries. “We have seen interim become increasingly popular with experienced senior individuals — both male and female continuing to enter the marketplace — and we are active in encouraging a diverse mix to the industry.” Karen Oddey, director of interimwomen.com, says: “The increase in the number of women entering the industry is excellent news, particularly for clients looking to recruit a more diverse pool of talent. “Interim management offers a serious and challenging career for women and for many, a more flexible way of working. We hope that both men and women continue to think about interim management as an exciting new career option in the year ahead.” Original article here |
7 December 2009 |
| The number of female interim executives has risen by 15 percentage points in the last year and a half, new research has shown. Women now make up 31 per cent of executives compared to just one-fourth18 months ago, according to a report by the Interim Management Association (IMA) seen by the Recruiter. Last year saw an increase of 16 per cent to the numbers of female executives. Karen Oddey, director of women's interim management website interimwomen.com, said that "the increase in the number of women entering the industry is excellent news, particularly for clients looking to recruit a more diverse pool of talent". She added: "Interim management offers a serious and challenging career for women and for many, a more flexible way of working. We hope that both men and women continue to think about interim management as an exciting new career option in the year ahead." Last month, the World Economic Forum published a report on global gender inequality, ranking the UK 15th out of 134 countries in terms of gender equality in employment and pay. If you are interested in more IT and technology events you can also join our womenintechnology LinkedIn group. Original article here |
7 December 2009 |
| According to the Interim Management Association’s (IMA) latest Ipsos MORI report, women make up 31% of interim executives. This latest finding confirms that the male/female gap in interim management has narrowed yet again. The IMA represents the majority of established and leading Interim Management recruiters currently operating in the UK market. Ipsos MORI are a leading UK research company who compiled the data on their behalf. The Recruiter said that only 18 months ago, women accounted for only a quarter of interim managers, however, 2008 saw the number increase by 16%. Paul Botting, IMA chairman believes that interim management is a dynamic and rewarding sector which provides access to a number of differing roles spanning all sectors and industries. They have seen interim become increasingly popular with experienced senior individuals — both male and female continuing to enter the marketplace — and they are active in encouraging a diverse mix to the industry. Karen Oddey, director of interimwomen.com believes interim management offers a serious and challenging career for women and for many, a more flexible way of working. Original article here |
25 November 2009 |
An increasing number of women are defying stereotypes and rising to the challenges of the interim executive role The Guardian, Wednesday
Although more women are seeking work as interim executives, they still make up only about a third of the managers who work in this way. Some will have made a positive career choice, attracted by the flexibility and sense of control that the role can offer, while others may have been pushed into it through redundancy or job dissatisfaction. Rachel Youngman, chair of website Interimwomen.com, which aims to encourage and support female interim managers, says it offers a simulating career but warns that it is not an easy option. "It's a tough way of working, particularly during a recession, because you're running your own business and you have to work to get the work," she says. A year ago women made up a quarter of interim managers. That figure has increased to a third (32%), according to an Ipsos MORI poll for the Interim Management Association, the organisation for specialist agencies that supply interim managers. Youngman says that although some women may have been squeezed out of a permanent job and been motivated to move by the economic downturn, there are a healthy number of vacancies, particularly in the public sector, because of a shortage of permanent staff with relevant experience. Interims, she says, are typically in their late 30s to 50s with a solid track record of success in senior management. Running your own business Youngman began working as an interim six years ago after 20 years in the not-for-profit sector, including a role as deputy executive director of the International Bar Association. Her interim assignments have included work with the Cabinet Office, Home Office and the National Union of Students. She says : "Working as an interim will appeal if you want to work on your own initiative and run your own business, while continuing to operate at a very senior level in a diverse range of organisations. It's a demanding profession. You're expected to get results very quickly but that's the thrill of it; you're constantly testing your skills. You need drive and commitment but in return you get flexibility, diversity and challenge." Her personal analysis is reflected in an Interimwomen.com survey, which revealed that 60% of women interims found the work more challenging and interesting than their previous roles, and about half (47%) said they had learned new skills and enjoyed working in different sectors. However, although half of the 700 respondents said interim management enabled them to balance work and home lives more successfully, 63% said the main drawback was working away from home. "You can be called at short notice, and that can involve working away from home," says Youngman. "Those with caring commitments may need to be able to make alternative arrangements very quickly. The flexibility tends to come at the end of a contract when you can choose when to take another assignment." She advises women seeking interim work to network and to make contacts as well as signing up to agencies specialising in interim work. "The risk of just sitting on an agency database is that so much of the work is down to networking and keeping up with contacts." Anna Bishell, now head of interims for public sector recruitment agency Rockpools, helped to set up Interimwomen.com two years ago when she worked for rival recruitment company Russam GMS. "The proportion of women was very small then and we wanted to attract more women. There are a lot of women out there with incredible skills to offer who would like the flexible lifestyle," says Bishell. She says that the proportion of men and women on her books currently is about 50:50, with a particularly strong representation of women in the charity sector. It was also increasingly common, she says, for recruits from the private sector to find they were particularly sought after by public sector employers. Bishell says that, after a lull, the demand for interims has increased in recent months. "It's really turned a corner lately which I hope will mean we have a buoyant market over the next 12 months," she says. Stephanie Bird, the director of HR capability at the Chartered Institute of Personnel and Development (CIPD), the organisation for HR professionals, says the fact that the majority of interims were male probably reflects the disproportionate number of men in senior management, but says the work offered good opportunities for women. "In interim work there are fewer glass ceilings. Organisations are often more prepared to take a risk with a short-term contract, which may allow women to get more interesting roles," she says. Interim managers need a high degree of resilience as well as good management and interpersonal skills, according to Bird. And, she says, organisations would find people with those attributes by looking at the whole population rather than relying on the old-fashioned stereotype of the middle-aged, male manager. Women on top Former teacher Barbara Hughes became an interim manager five years ago after spending some 20 years working in local autority education departments. A former teacher, Barbara Hughes became an interim manager five years ago after spending almost 20 years working in local authority education departments. "It's the best thing I ever did. I love the challenge of going into places that want to change and develop rather than just carry on as before." Hughes's latest assignment is a 12-months contract working as interim executive director of children's services for North East Lincolnshire council. She spends four days a week at the council's headquarters in Grimsby, which means spending three nights away from her home in Cheshire. Her career as an interim manager for local authorities has also taken her to Powys, Croydon and Reading. She is used to the travel and constant change; in her former role as a full-time member of staff she moved house 14 times to work for local authority children's services around the UK including Dundee and South Tyneside. Hughes, 56, said: "The big downside of interim work is living away from home; you're in a strange place on your own, often living in a hotel or lodgings. It can get you down. But the massive plus is the excitement and pace of the job. I tend to get assignments where they need someone to restructure the service and give it a kick-start to get it going again. To do that you have to be able to come in and be up and running within a week and at the end you have to be happy to walk away and start afresh somewhere else." She adds: "I didn't make the move to interim until I was 50 but I wish I had done it earlier in my career. Interim has been one long professional development. I'm a miles better director than I was when I was permanent because I've worked in so many different contexts. I'm so much more confident and knowledgeable and I'm not fazed by difficult situations." Suzanne Dean worked in medical sales and marketing before becoming a public sector interim manager after the birth of her daughter. In spite of the insecurity and long hours, single mother Suzanne Dean loves her career as an interim manager. "I thrive on deadlines, I'm often at my most creative close to the deadline. It's hard but it works for me," says Dean. After permanent jobs in sales and marketing for large medical companies, Dean, 38, decided to become a freelance manager following the birth of her daughter Charlotte, now aged seven. "Like a lot of women interims I realised that after I'd had a baby I needed to be able to work much more flexibly." She has made it a rule never to take assignments that involve overnight stays away from her home in Upthorpe, Gloucestershire, and has concentrated on work for NHS and other public sector bodies within commuting distance, such as Gloucestershire primary care trust, North Bristol NHS trust and the West Midlands NHS specialist commissioning group. Determined that Charlotte would not become a 'latch-key kid', she spends time with her daughter when she comes home from school and works late into the night after she has gone to bed. Dean completed an Open University MBA in 2002 and two years ago she set up her own consultancy business, based at her home which now employs three staff. Her company hires other interims, many of whom are working mothers. She says there was a demand for well-qualified interims and advises permanent staff considering the move: "Just go for it. I don't know anyone who's tried interim who's ever gone back to a permanent job. I certainly wouldn't, I love it." She adds: "I've never worked so hard in my life but I like the flexibility, the variety, and the adrenalin rush of getting results in a short time frame." Her only word of caution for new entrants to the market was to make sure they budgeted for a set-up period of 8-10 weeks and took into account the lack of paid holidays. Jacquie Findlay began working for herself after she was made redundant as director of human resouces in the recession of the early 1990s. Jacquie Findlay began working for herself after she was made redundant from a high-powered job as a director of human resources in the last major recession in the early 1990s. Initially she worked as a consultant, offering advice on a short-term basis, but in the last five years she has moved to interim work which typically involves being a member of a management team on contracts of 6 to 18 months. "As a consultant I always wanted to have an on-going relationship with clients and that's what turned me into an interim, because I want to see the consequences of the work I do." Although Findlay, 55, began her career in human resources in the commercial world with firms such as the Royal and Sun Alliance insurance group and British Airports Authority her more recent roles have included stints at public and voluntary sector bodies including Amnesty International, the Victoria and Albert Museum and the Department of Transport, for whom she has worked on and off for almost a decade. "I love that diversity of experience and being able to use that experience in future assignments has been an enriching experience," says Findlay. "I love the adrenalin rush and excitement of going into a new sector and analysing what's needed and challenging your own skills and competencies. It's fabulous to see people change and develop and know that when I leave people have gained a satisfaction in their job that was not there before." Findlay, who lives in Brighton, East Sussex, relishes her role so much that she struggles to think of downsides but she concedes that her husband, two step-children and one-year-old step granddaughter would say that while she is on assignment she can work very long hours. Findlay also has an elderly mother and father in law to consider. "It requires 100% commitment when you're working on an assignment and that can involve quite a lot of juggling; I couldn't do it without a husband who's virtually retired." (Read the article here) |
13 November 2009 |
Interimwomen.com appoints new director to boost growth Interimwomen.com, the business forum dedicated to promoting women working as interim managers, established by interim provider Russam GMS, is delighted to appoint Karen Oddey, a former defence industry group managing director and business development expert to lead the organisation and build its growth and development. As director of interimwomen.com, Karen will promote Interimwomen.com’s networking events and forge links with businesses and potential partner organisations. Working with the existing interimwomen.com panel members and Chair, Rachel Youngman, Karen will be a key spokesperson promoting the benefits of a career in interim management to women. Karen brings to Interimwomen.com many years’ experience helping new businesses develop, achieve profitable growth in challenging market conditions and improve the way they operate and organise and engage their teams for success. Charles Russam, Chairman of Russam GMS, says, “We are delighted to welcome Karen to Interimwomen.com. She has the ideal background and experience to take the organisation to the next level of growth. We hope she will help forge new partnerships with organisations that provide complimentary services to interimwomen.com or share its aims of promoting women and diversity in the workplace.” Karen says, “Interim management is a growth industry and I am excited about the potential development opportunities for Interimwomen.com. Our goal is to attract more women into the industry who are looking for a serious and challenging career alternative; provide them with the support they need to win assignments, and at the same time offer businesses access to a more diverse talent pool of senior executives.” Karen is also co-founder of InfiniCorp, a business which helps small and mid-sized companies realise their growth plans and owner/investor exit aspirations. In addition, she is a senior advisor and business development expert with specialist service providers in the defence and ICT sectors and is pursuing non-executive director opportunities. Previously, she held managing director positions at various businesses including divisions of QinetiQ, Thales and 3Com and before that, she was a production engineer at engineering company, NEI Parsons. In addition to business management, Karen has particular experience in product management and marketing, strategy and organisation/people development. She has a MBA from London Business School and a first class degree in mechanical engineering from Leeds University. |
November 2009 |
The business forum dedicated to promoting interim management as a viable career option for women have appointed a new Director. Karen Oddey, a former defence industry group Managing Director and business development expert, will be responsible for InterimWomen’s growth and development. She will work alongside Rachel Youngman, Chair, and existing InterimWomen panel members. Oddey will also act as a key spokesperson, promoting to women the benefits of a career in interim management. Charles Russam, Chairman of Russam GMS, comments: “We are delighted to welcome Karen to Interimwomen.com. She has the ideal background and experience to take the organisation to the next level of growth. We hope she will help forge new partnerships with organisations that provide complimentary services to interimwomen.com or share its aims of promoting women and diversity in the workplace.” Oddey adds: “Interim management is a growth industry and I am excited about the potential development opportunities for Interimwomen.com. Our goal is to attract more women into the industry who are looking for a serious and challenging career alternative; provide them with the support they need to win assignments, and at the same time offer businesses access to a more diverse talent pool of senior executives.” (Read the article here) |
12 Nov 2009 |
I have a successful interim career but have had to set clear boundaries to keep my work and family life in balance. I have been an interim for six years. I am an engineer by profession, worked for eight years in the chemical industry then moved to Arthur D Little as a management consultant. I chose the interim path after having my first child – I was looking for a way to combine family life with a nevertheless rewarding and challenging career. I now have three young children. Working is an essential part of my life and I am committed to my career, but like everyone, my life is multi-faceted and work needs to fit with this. On the one hand, I want to have breakfast with my kids as often as possible, make it to the school playground occasionally and yes, even be around for some of the My golden rules are these: firstly, to know my boundaries, and stick to them. In my case that means not staying away from home for more then 2-3 days a week, and working from my home office whenever possible. Secondly (and crucially), I am always crystal clear with recruiters and clients regarding these boundaries. Of course, it’s also rather important to emphasise what I can do as well as what I can’t. For example, I often travel overseas, I can work long hours, and I am willing to call Japan at 2am every night for a week if needed! It’s simply a matter of lateral thinking, and if a client is willing to be flexible with me, I need to be flexible in return. Not every client or assignment lends itself to this model. I have to work hard to find the “right” opportunities and occasionally find myself turning down work, or not being invited for interview in the first place. However I do take full responsibility for my situation, do not ask for any favours and only put myself forward for work that I know I Lucy Hazell |
12 Nov 2009 |
If you have senior level business experience and are looking for a dynamic and challenging new career that enables you to work in a more flexible, project driven way for different organisations, then why not consider a career in Interim Management?
Interim managers are independent business experts or project managers with specialist skills. They are hired by organisations to deliver specific strategic projects and usually have many years’ experience under their belts and a track record of achievement. They are highly adaptive, flexible and capable of going into different companies and delivering immediate results, which is perhaps why they are becoming increasingly popular in private and public sector organisations. So what the main benefits for women working as Interims? Perhaps for a combination of these reasons, more women have come into the industry in the past couple of years. Russam GMS, a provider of interim managers in the UK, with a database of 11,000 Interims, reported that 25% of the total number of females on its database has registered since January 2008. And, an Ipsos MORI report by the Interim Management Association (IMA) this year claimed that women now make up a third (32%) of Some of these women are those that in recent years have left senior management roles before they reach board level in order to take on new challenges, such as setting up their businesses or becoming freelancers or self-employed consultants. This trend was identified in 2007 by Pricewaterhouse Coopers when it reported a 40% drop in the number of women holding senior management positions citing increased childcare costs and a streak of entrepreneurialism as the main causes. It could also be that senior level women are still in search of equal pay with men which a career in interim management affords. A report from the Institute of Directors in 2008 claimed that female directors still earn on average 26% less than their male counterparts. Male and female Interims can expect to earn on average around £600 a day depending on experience and industry sector, so it can be a lucrative career option. What does interim management involve? In addition, you will need to adapt your CV. An interim CV will look different to a standard CV and needs to be carefully tailored for each assignment, highlighting the key experience and skills that are relevant. Then you need to get out there and network. If you’re leaving employment to become an interim make sure you retain as many contacts as possible with former colleagues and clients; go to events where your potential clients will be and join industry networking groups. Get as much advice as possible from experienced interims through groups such as Interimwomen.com and get to know the Interim Management Providers that specialise in your industry sector. You may also need to develop your professional skills. The IMA Institute also is a great source for training and development. It offers a workshop for new interims and a series of professional development courses in conjunction with the Open University. Remember, you may need to be persistent and tenacious as it might take a few months to win your first assignment, but be patient and try to gain as much experience as you can in your chosen industry sector. When I become an interim, I wanted to work in the charity sector, however, I didn’t have enough experience behind me so I became a volunteer and my first assignment came as a result of my volunteer work. Interim management is a challenging and highly rewarding career option for women and men, but it is not for everyone. If like me you enjoy a challenge and get excited about working for different organisations identifying and then fixing their problems, then I would recommend you take the leap. (Read the article here) |
12 Nov 2009 |
| You choose your hours and your workload, so surely interim arrangements are perfect for the working parent? Nic Paton finds that the freelance lifestyle has advantages, but it’s not quite as simple as that. The interim management profession has traditionally been male-dominated, with the popular perception of interims often as somewhat macho senior executives who parachute into organisations to crack heads together. But there has been a sharp increase in women turning to interim management. The Interim Management Association (IMA) last month said it had seen a 16 per cent rise in the number of female interims going into the profession last year and a further 10 per cent increase so far this year, with women now accounting for a third of all interim executives, up from a quarter a year ago. From an HR perspective, however, the figures need to be viewed with a degree of caution. HR has long been a profession where women are well represented, and therefore so is its interims’ market, as Raj Tulsiani, chief executive of interims firm Green Park, makes clear. “Women are over-represented in HR at every level other than the highest, so it is not surprising that 68 per cent of our HR interims are women,” he adds. Ian Gooden, director of resourcing solutions at Chiumento, agrees. “Currently, 68 per cent of the interims we have on assignment are women – which is virtually unchanged from two years ago,” he says. In fact, suggests Tarquin Bennett-Coles, director of RSA Interims, the ratio of men to women going for HR interim positions can often be as high as four women to every man. And with the continuing squeeze on budgets for permanent positions, having access to flexible expertise that can be turned on and off at relatively little cost remains attractive for many employers, adds Dianah Worman, CIPD adviser, diversity. “A portfolio career, skills and experience give a person flexibility and control. Rather than a good or bad trend, we probably need to think of this growth as something we can learn from. It may change certain perceptions of how we work and flexibility,” she argues. Full article here |
12 Nov 2009 |
| Career Spotlight: Interim Management 5 October 2009 If you have experience at a senior level and enjoy the challenge of working on new tasks in new locations, interim management could be just what you’re looking for. Just be prepared to hit the ground running, says Rachel Youngman, an interim manager and chair of InterimWomen.com. Rachel Youngman, Chair of InterimWomen.com What is interim management? It’s where an organisation uses people who have senior experience, often at board level, for a particular need it has and for a specific period of time, often between three months and a year. This could be where there is a gap in skills, where expertise is needed for a particular project or where there is a crisis and something unexpected has happened. How did you become an interim manager? I had been employed for 20 years earning a great deal of project management experience and decided to go self-employed. I wanted to work in the charity sector, so I built up my contacts by volunteering. I then began the process to find out what options I had and came across interim management. I began doing a mix of consultancy and interim work. Is interim management quite similar to consultancy work, then? The difference is that consultancy is more of an advisory role, while interim management is more active – you have to roll your sleeves up and get on with the job straight away. What sort of roles have you had? I’ve been an interim for five years now and my roles have ranged from being interim Chief Executive of the British Youth Council, to my current role as interim Head of Social Enterprise for the National Youth Charity. I’ve also undertaken project work and am currently chair of support group, InterimWomen.com. What type of person does interim management suit? It will suit someone who can run their own business. Interims operate through their own company, so you need to be able to do things associated with running a business, including networking to get new business. You also need to be flexible – often you can get assignments at very short notice and might need to travel outside your immediate location at the drop of a hat. Full article here |
12 Oct 2009 |
| If you have experience at a senior level and enjoy the challenge of working on new tasks in new locations, interim management could be just what you're looking for. Just be prepared to hit the ground running, says Rachel Youngman, an interim manager and chair of InterimWomen.com. What is interim management? It's where an organisation uses people who have senior experience, often at board level, for a particular need it has and for a specific period of time, often between three months and a year. This could be where there is a gap in skills, where expertise is needed for a particular project or where there is a crisis and something unexpected has happened. How did you become an interim manager? I had been employed for 20 years earning a great deal of project management experience and decided to go self-employed. I wanted to work in the charity sector, so I built up my contacts by volunteering. I then began the process to find out what options I had and came across interim management. I began doing a mix of consultancy and interim work. Is interim management quite similar to consultancy work, then? The difference is that consultancy is more of an advisory role, while interim management is more active - you have to roll your sleeves up and get on with the job straight away . What sort of roles have you had? I've been an interim for five years now and my roles have ranged from being interim Chief Executive of the British Youth Council, to my current role as interim Head of Social Enterprise for the National Youth Charity. I've also undertaken project work and am currently chair of support group, InterimWomen.com. What type of person does interim management suit? It will suit someone who can run their own business. Interims operate through their own company, so you need to be able to do things associated with running a business, including networking to get new business. You also need to be flexible - often you can get assignments at very short notice and might need to travel outside your immediate location at the drop of a hat. What do you enjoy about interim management? I love the flexibility - going into different organisations and adapting, having to use all my skills and experience. No two jobs are ever the same, because not only do you have different jobs to do, you work in different companies too. You really test yourself - it's demanding but really stimulating. What advice do you have for anyone wanting to become an interim manager? First of all, adapt your CV. An interim CV will look different to a standard CV and needs to be carefully tailored for each assignment, highlighting the key experience and skills that are relevant. Then network - if you're leaving employment to become an interim make sure you retain as many contacts as possible with former colleagues and clients; go to events where your potential clients will be and join industry networking groups. Get as much advice as possible from experienced interims through groups such as InterimWomen.com and get to know the Interim Management Providers that specialise in your area. Original article here |