The way we work is changing. The on-demand economy, geopolitical environment, and changing personal values are slowly shifting the structure of business, and forcing us to look for new ways to address organisational needs.
A clear trend Rutherford Cross has experienced as a result of this change is the rise in the number of companies looking to hire senior finance professionals for interim contracts.
For many start-ups or fast growing businesses, hiring a temporary finance professional for a particular project or time period is the ideal way to access the required finance knowledge without the risk of adding to overheads long-term.
Other organisations are turning to interim finance hires as a way of safeguarding their businesses against the backdrop of economic uncertainty brought on by Brexit and other political factors. There is also a trend for hiring contractors with specific expertise for in-house projects rather than outsourcing to large finance organisations at significant cost.
The large number of experienced finance professionals now rejecting the traditional career path in favour of flexible, freelance or contract working means there is a significant talent pool available to cover short-term project-based roles. The number of finance professionals looking to work in this way is likely to increase as we see an increasing number of Millennials enter the market. You can find out more about why Millennials are rejecting the traditional partner model in our blog series Is the Profession Facing a Succession Crisis?.
By recruiting finance professionals on an interim basis, you are accessing a flexible, specialist workforce that has wide ranging experience and can offer an outsider’s perspective on your business issues. With increased productivity and budget certainty from the outset, the benefits to your business are significant.
Increased competition for highly qualified specialist finance professionals, particularly those with experience in technology and change, can mean the hunt for the ideal permanent employee is a long and challenging process. An interim hire can also offer an ideal short term solution that allows business needs to be met. In some cases, the right interim candidate can end up being a permanent solution with the benefit of having already tested the working relationship.
At Rutherford Cross we have a live database of experienced, verified, and available senior finance professionals including: Finance Directors, Financial Controllers, Finance Business Partners, Technical Financial Accountants, Systems / Project Accountants, Internal Audit and Tax specialists. Get in touch with our interim finance team to discuss how we can use our contacts to benefit your business.