March 25, 2024

FAQs: Is an Interim or Fractional CEO a Good Fit for My Company?

FAQs: Is an Interim or Fractional CEO a Good Fit for My Company?

When we started matching companies in need with skilled interim executives 15 years ago, the main question people asked was: Why would an executive choose this career path? There’s absolutely no job stability. 

Fast forward 15 years. Now we’re in a gig economy. The idea that you can get specialized expertise for what you need right now is expected and common.

Despite that, questions remain. In this interactive webinar, InterimExecs CEO Robert Jordan and President Olivia Wagner go through the most frequently asked questions they hear from company owners, directors, investors, and managers. Or, if you prefer, scroll down for a written summary.

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March 16, 2024

The Case for Hiring Part-Time or Fractional Executives

The Case for Hiring Part-Time or Fractional Executives

As businesses grow and scale, they often face the challenge of keeping up with operational demands while maintaining strategic leadership. This is where fractional executives come in. Offering high-level expertise on a part-time or temporary basis, fractional executives provide companies with the experienced leadership they need to drive growth, streamline operations, and manage change—without the commitment or expense of full-time hires. Part-time or fractional executives provide C-suite leadership, mentorship, and the operational upgrades needed to help a company break through the ceiling to growth.

Key Takeaways:

  • Fractional executives provide rock star expertise for a fraction of the cost of a full-time hire. 
  • There are no overhead costs such as health insurance and severance. 
  • The flexible engagement can be scaled up or down as needed.
  • Part-time executives are the answer for companies in growth or transition mode.
  • InterimExecs fractional executives can fill leadership gaps in as little as 48 hours. 

In this webinar, InterimExecs CEO Robert Jordan takes a deep dive into the question of when choosing a part-time or fractional executive is the best choice for a company.

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February 27, 2024

The 6 Biggest Business Mistakes and How to Fix Them

The 6 Biggest Business Mistakes and How to Fix Them

Interim executives, by definition, come into difficult situations, assess them quickly, and create a plan for success. That means they have a front-row seat to the most common business mistakes companies make in the areas of leadership, operations, human capital, strategy, business finances, and change initiatives.

Focusing on these fundamental business needs is a good starting point for any struggling business.

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December 8, 2023
Robert Jordan

3 Things Companies Can Learn from How Private Equity Firms Work to Maximize Value

Robert Jordan | CEO, Association of Interim Executives
3 Things Companies Can Learn from How Private Equity Firms Work to Maximize Value

Private equity firms have a simple recipe for making money: They identify companies they believe are undervalued, improve those companies, then sell them for far more than they paid to buy them in the first place.

Knowing how private equity firms work can serve as a roadmap for any company looking to improve operations and maximize value.

Start with these 3 things PE firms do following an acquisition in the lower middle market ($2-$15 million in EBITDA) to improve your own bottom line, whether you plan to continue operating your business or want to ready the company for a future PE investment.

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November 28, 2023

When is a Fractional Hire the Right Choice for a Company?

When is a Fractional Hire the Right Choice for a Company?

In years of pairing executives with companies in need, we have learned that there are times when full-time is too much time. That’s when companies benefit from choosing a fractional executive. It’s a way to get top-notch skills for a fraction of the time at a fraction of the cost of a full-time hire.

On a webinar, InterimExecs CEO Robert Jordan laid out the 5 situations when hiring executives on a fractional basis makes the most sense for companies:

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September 24, 2023

What Is an Interim Executive & Is It the Right Answer for Your Company?

What Is an Interim Executive & Is It the Right Answer for Your Company?

What is an interim executive? It’s a highly knowledgeable and deeply experienced C-suite executive ready to step into a company in need of superior leadership.

As veterans of the interim business, we know that pairing the right interim executive with the right company is a delicate balance. After all, private equity funds or venture capital funds get one use of their dollar. Just one. Fund managers have a sacred charge of evaluating opportunities and investing the funds they’ve been entrusted with by their limited partners in hopes of maximum returns.

Likewise, we get one chance to make a great match. We must identify the interim executive with the right skills and experience and catch that executive during the brief period of time they are in between assignments assessing the next opportunity they want to take on.

So how do we best deploy genius leadership when we only get one chance every day to maximize everyone’s time, unique skillset, and results? We start by being selective about our clients.

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May 12, 2023

Is an Interim Executive the Right Fit for Your Company?

Is an Interim Executive the Right Fit for Your Company?

How do you know whether an interim executive will be the right fit for your company’s needs? Ultimately, that’s an individual decision that depends on your company. But generally, when we get a call from an executive, head of human resources, small business owner, or private equity investor, it’s because the organization is in motion. Leadership to drive growth, change, or turnaround is needed. And it’s needed fast.

If you are tasked with bringing in an interim executive, you’ve probably done your research and understand what a true interim executive is, believe you need more than a consultant, and have an idea of how an interim gets compensated.

But still – is contracting with an interim executive the right move for you and your company?

Let’s explore:

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March 21, 2023

5 Mistakes You’re Making in Interim Executive Search and How to Fix Them

5 Mistakes You’re Making in Interim Executive Search and How to Fix Them

These days, it’s easy to hire a temporary executive. Whether you want a fractional manager – someone who works part-time or on a project basis – or a full-time interim leader who can take the reins for a certain period of time, interim executive search increasingly is the go-to option. 

But it can be a tricky business.

Sure, there are plenty of managers who are interested in becoming interim leaders. Chances are your HR team has interviewed more of them for vacant C-Suite positions this year than at any time in the past. 

And chances are they are making some serious mistakes in interim executive search and hiring.

Here are the most common mistakes we see and how to fix them.

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February 14, 2023

2023 Predictions: Business Trends Accelerating Need for Interim Executives

2023 Predictions: Business Trends Accelerating Need for Interim Executives

Every new year means new challenges and new opportunities. This new year, 2023 is no different! When we asked 204 C-level executives for their 2023 predictions, their responses reflected five clear business trends:

  • A surge in executive retirements and leadership departures
  • Ongoing workplace changes
  • Continued supply chain challenges
  • Technology needs
  • The looming threat of an economic downturn

Let’s take those one at a time.

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September 29, 2022

CEO Turnover: Why the Bosses Are Leaving & Who’s Replacing Them

CEO Turnover: Why the Bosses Are Leaving & Who’s Replacing Them

Millennials and Gen Z employees might get all the press for their “Great Resignation” but they aren’t the only ones who are leaving their jobs in droves. CEOs are too. The Great CEO Turnover, which peaked in 2021 and early 2022, has leveled off a bit. But it certainly doesn’t mean that your CEO is planning to stick around for the long haul.

Outplacement firm Challenger, Gray & Christmas compiles a monthly report on the CEO turnover rate. The July 2022 report shows that CEO changes at U.S. companies fell to 58 in July, down 45% from the 106 CEO exits recorded in June. It was the lowest monthly total since the early pandemic departures of April 2020.

However, departing CEOs are hardly a thing of the past.

When Deloitte and independent research firm Workplace Intelligence surveyed 2,100 employees and C-level executives in the United States, United Kingdom, Canada, and Australia, they found that an eye-popping 70% of top management are seriously considering quitting for a job that better supports their well-being. And 81% of the top execs say that improving their well-being is more important than advancing their career.

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