Shifting your hiring model to incorporate interim talent can change how your organization hires—for the better. Download our guide to learn how to equip yourself with the best partner and prep your team for an agile talent strategy.
In this climate, interim talent and contract talent is quickly becoming an effective and agile way to fill key roles in short timeframes and essentially 'buy time' while organizations go through hiring processes for permanent director, executive, C-suite or professional appointments. The proof is in the numbers: 80% of large corporations plan to increase their use of flexible workers in the coming years, while 90% of companies are moving to a blend of permanent and supplemental talent.
Flexibility has long been a priority for employers and employees, but the weight given to work/life balance by high-performing talent at an all-time high. Accordingly, increasing numbers of executives and professionals with coveted business acumen and leadership skillsets are pursuing interim work to meet their flexibility and lifestyle preferences. This means that the available talent pool of interim managers and skilled talent is richer than ever before.
“During turbulent economic times, nimble companies that can adapt to changing market dynamics and activate new projects at speed are the ones that thrive." explains Michael Distefano, CEO of Professional Search and Interim Talent at Korn Ferry. "Those companies often leverage a well-planned interim workforce to achieve their goals.”
To stay ahead of changes, DiStefano adds, you need “a strategy partner for driving transformation, innovation, growth, and high-performance through interim talent rather than just an interim talent provider".
To help organizations incorporate interim into their talent mix and learn how to use interim to accelerate growth and make smarter choices, Korn Ferry has created an Interim Talent Buyers' Guide.
How can interim and contract talent benefit your organization’s workforce?
It is common for organizations to take a siloed view of interim hiring: a specific department needs a lead for a specific project, for example, or a team needs a skills gap plugged immediately. But the most effective interim solutions are always part of a bigger talent strategy, while also addressing immediate needs.
Korn Ferry’s Interim Talent Buyers’ Guide explains the numerous benefits that interim and contract talent can bring to a workforce. Among the advantages are improved agility—rapid access to an in-demand workforce ready to scale up or down as the business needs dictate, while minimizing interruption to the business’ day-to-day operations.