Interim leadership might be the full answer for many organizations looking for affordable, flexible transformation. An option for companies that want a seasonal leader but on a more flexible or part-time basis, interim executives offer experience, intelligence, and adaptability.

Why are interim execs more popular than ever?

Interim leaders are trending across companies and industries because:

They are more affordable. Exec pay is a top budget item for many companies, so interim execs offer a more sustainable and affordable option, especially for smaller firms or start-ups.
They are flexible and adaptable. If your organization has a specific short-term need or issue to approach, interim execs can help you get the answers you need when and where you need them.
They are innovative. Bringing in an interim exec, whether for a project or on a part-time schedule, can, in turn, elicit diverse insights, thanks to creative and impactful leadership.

Interim leadership can come with several potential challenges, however. Integrating a part-time leader can be more difficult than hiring a full-time or permanent one, and communication and performance metrics can also be areas that companies need to focus on if they want to employ this model successfully.

If your organization is considering adding an interim position, it is smart to talk with other companies who have done it well—as well as current interim execs—to gain their feedback and insights. Consider the options – consulting, projects, and part-time work—and ensure your legal and HR teams are apprised of next steps and on board.

Ultimately, interim leadership can add up to a full complement of innovation, experience, and excellence for your organization.