Have you considered a career in interim?

13th November 2017

By John Wakeford, MD of HW Interim

The professional interim management market is enjoying rapid growth, driven by a burgeoning cycle of business transformation programmes across all industry sectors.

For a multitude of reasons, companies both large and small are increasingly turning to professional interim managers to help steer them through organisational change – with a particular drive for digital transformation and customer experience programmes.

They are looking for experienced business leaders who can also provide stability following the sudden departure of a senior director, or offer a highly specialised skill set which a business may not have in-house.

Their appointment is an effective way for a company to achieve business objectives and obtain highly specialised leadership skills at crucial times.

With this increasing demand, growing numbers of executives are making the move to interim management, attracted by the flexibility, remuneration and variety of roles they can add to their CV.

HW Interim provides experienced and talented interim and change management executives to PLCs, private companies, SMEs and private equity backed organisations both in the UK and overseas.

The key sectors we work in include Retail, Consumer and Financial Services, and the wide range of recent assignments we have completed have included interim CFO, FD, CTO, CMO, Supply Chain/Ops Director and Head of Risk.

Working alongside our executive search business with a team of dedicated and experienced researchers, we can turn round a shortlist of professional interim managers for a client within three working days who can typically be placed within two weeks. Completion rates are well over 90 per cent.

But given such client demand we are always looking for new talented candidates.

To give yourself the best chance of being considered for upcoming interim positions we would advise you do all of the following:

  • If you are immediately available, say so on your LinkedIn page.
  • Make sure your job title is clear and accurate.
  • Ensure your CV and contact details are up to date.
  • Get a limited company set up and arrange personal indemnity insurance.
  • Answer the phone or call back if you are contacted by either us or a potential employer. Firms are often looking for interims to start immediately so if you don’t respond, we will quickly move on.
  • Know your day rate and what you would accept.
  • Connect yourself on LinkedIn to other people with the same skill set – you are more likely to be found.
  • When you become available contact us. Easier than us trying to find you.

If you would like to discuss interim opportunities contact John Wakeford, MD of HW Interim, via his LinkedIn page, by emailing johnw@hwglobalpartner.com or by calling him on +44 (0) 113 243 2004 for an informal discussion.

Have you considered the benefits of an interim executive?

13th November 2017

By John Wakeford, MD of HW Interim

HW Global Talent Partner has built a reputation for excellence in executive search over the past decade among the many global and local brands we serve.

But did you know we also have an interim management business?

Many of our executive search clients also turn to us when they require a swift interim appointment at a crucial time for their business, often to bridge the gap during a search process we are conducting.

HW Interim provides experienced and talented interim and change management executives to PLCs, private companies, SMEs and private equity backed organisations both in the UK and overseas.

The key sectors we work in include Retail, Consumer and Financial Services, and the wide range of recent assignments we have completed have included interim CFO, FD, CTO, CMO, Supply Chain/Ops Director and Head of Risk.

We have access to an elite network of senior executives who specialise in change, turnaround or transformation whom HW have met, vetted, referenced and in many cases known as clients.

Working alongside the executive search business we can source the ideal interim to match our clients’ needs. With a team of dedicated and experienced researchers we can turn round a shortlist of professional interim managers for a client within three working days who can typically be placed within two weeks. Completion rates are well over 90 per cent.

Daily rates are typically between £850 to £2,000 per day.

The many benefits of interim management

The professional interim management market is enjoying rapid growth, driven largely by a corresponding increase in business transformation programmes across all industry sectors.

Companies both large and small are increasingly turning to interim executives to help steer them through organisational change – with a particular drive for digital transformation and customer experience programmes.

These experienced business leaders can provide stability following the sudden departure of a senior director, or offer a highly specialised skill set which a business may not have in-house.

Their appointment is an effective way for companies to achieve business objectives and obtain highly specialised leadership skills at crucial times.

The extensive benefits of interim management include flexibility and speed of placement, compared to an executive search for a permanent position which can take many months from commission to arrival in post due to the complexity of global searches and the need to fulfil notice periods.

There are cost benefits too; many SMEs may not be in a position to fund a permanent executive position for a particular specialism such as a digital transformation director.

And without the on-costs of a permanent executive such as bonuses, holiday pay, NI contributions, pension, private health insurance and company car benefits, the day rate suddenly does not seem so prohibitive.

Free from the shackles of office politics, a professional interim can offer a fresh perspective, objectivity and challenge. As a freelance operator whose work is heavily reliant on referrals and reputation, the interim is highly motivated and results driven, and will be fully committed to their client.

Professional interim managers are often over-qualified for the interim position they are commissioned for, meaning they can work independently and hit the ground running, with instant results. Their wealth of experience, skills, contacts and knowledge will also be transferred to the in-house team, giving benefits which outlive their interim contract.

The return on investment of a professional interim manager for a business can therefore be substantial, particularly at a critical time.

To find out how we can help your business contact John Wakeford, MD of HW Interim, via his LinkedIn page, by emailing johnw@hwglobalpartner.com or calling him on +44 (0) 113 243 2004 for an informal discussion.

The CPG sector needs to embrace end-to-end digital transformation

6th November 2017

By Stuart Richards

Leading CPG players have responded to digital disruption with huge investment in eCommerce. But if they are to truly realise the massive potential growth through the channel they need to embrace an end-to-end digital transformation programme encompassing their entire business process.

New entrants using plug and play e-commerce technology and other distribution solutions to sell directly to consumers have been increasingly disrupting the traditional CPG model with the retailer acting as middleman.

With no legacy systems designed for bulk distribution to retail partners, the new CPG players serving today’s ‘little and often’ consumer have been able to steal a march on the established sector leaders for D2C online sales.

A good example would be Dollar Shave Club. Founded in 2011, it was able to solve an industry problem: razor blades are too expensive. Established products have to do a lot of heavy lifting (marketing, R&D, supply chain costs, sustainable procurement, industry competition) that doesn’t have a positive impact on the consumer’s wallet. Dollar Shave Club spotted an opportunity to differentiate but also wasn’t restricted by wider costs. It was a true disruptor…until it was sold to Unilever in 2016 for $1bn. Warby Parker is another example.

Saddled with the disadvantages of huge cost and complexity in changing traditional business practices, global CPG giants were initially slow to react to the digital transformation agenda. But the sector has latterly been investing huge resources into eCommerce.

So far this has largely been restricted to front end activity including digital marketing, although there have been some notable examples of true digital interaction with consumers. They include UK multinational alcoholic beverages firm Diageo, which launched a smart bottle in 2015 for its iconic Johnnie Walker Blue Label whisky enabling personalised communication to consumers reading the tags with their smartphones and tracking of stock.

But for CPG leaders to capitalise on the huge potential growth in direct online sales to consumers, they need to go a lot further and invest in digital transformation throughout the whole ecosystem of their business.

This means fully digitising back office business processes like finance, hr, supply chain and logistics.

In 2013 eCommerce accounted for under 1 per cent of sales in packaged food and 3 per cent  in non-food but by 2020 it is predicted this could rise to 5 per cent  of food sales and 10 per cent of non-food sales – accounting for up to 30 per cent  of total CPG industry sales growth between 2015 and 2020.*

However, a KPMG survey of 175 global retail and consumer goods CEOs published in September revealed a third were concerned they were “not leveraging digital means to connect with their customers as effectively as possible”. **

Customer-centric strategies being pursued to tackle this include digitisation through technology transformation, greater speed to market, and stronger marketing, branding and communications, the survey found.

D2C sales enable CPG firms to collect significant volumes of customer data, providing invaluable intelligence on consumer purchasing preferences which can help shape product development and targeted sales.

Recognising the benefits, the sector is now starting to examine the digital technologies which can help throughout all areas of the business.

In its report How digital reinventors are pulling away from the pack published last month, global management consultants McKinsey&Company conclude: “The reinventors are investing at scale in technology, analytics, and digital talent – not just playing on the margins – and investing much more aggressively in business-model innovations or entirely new business models.”

The report, based on a global survey of more than 1,600 executives, continued: “To find success and sustain growth, incumbents must do two things at once: digitize their core businesses while also innovating with new digital ones. Making small changes to the edges of your business model is insufficient in an increasingly digital world.” ***

HW Global Talent Partner has been helping clients transform their global digital capabilities for the past five years.

We recently completed an executive search assignment for a Sales Director for a tier one courier and logistics firm. One of his key targets is nailing last mile delivery, which has been a significant customer service issue. The company will achieve this by investing in digital technology, making it a more attractive proposition for partners and clients alike.

Other recent assignments include a global CIO search for a tier one food business. With an $18bn P&L they will ensure the organisation has the systems and MI that make it fit for purpose for the next ten years across the entire value chain. In addition, a recently placed VP for Data & Analytics for the same client will translate consumer behaviour and trends into actionable business strategy across marketing, sales, supply chain and logistics.

As an international executive search and professional interim business, HW Global Talent Partner advises many of the world’s most recognised and respected brands, among them the leaders in consumer products and services, and retail operations of all shapes and sizes.

For a confidential discussion about how we can assist you with digital transformation contact Stuart Richards, Consultant in the Global Consumer Practice, at stuartr@hwglobalpartner.com or on +44 (0) 7787 254 600.

* The digital future of CPG companies: McKinsey&Company article – Oct 2015
** U.S. Consumer Goods & Retail CEOs More Optimistic Than Global Peers About Growth: KPMG Survey – Sept 2017
*** How digital reinventors are pulling away from the pack: McKinsey&Company survey report – Oct 2017