Press release
11 October 2016
Majority of Kiwi CFOs use interim managers for cost efficiency
• 94% of New Zealand CFOs plan to work with experienced interim managers.
• The demand for financial interim managers is strongest for business transformation (48%) and project management (38%).
• 92% of New Zealand CFOs say working with experienced interim managers is cost-effective and 87% say it is efficient.
• Today’s interim managers are also measured on measurable indicators such as project/change implementation, cost
savings and increased efficiency/performance.
Auckland, 11 October 2016 – The development of the ‘peripheral workforce’, which includes the incorporation of more interim employees in the
workplace, is reaching maturity in New Zealand. According to independent research from specialist recruiter Robert Half, 94% of CFOs and finance directors say they are planning to work with an experienced interim manager in the future.
Megan Alexander, Director Robert Half New Zealand said: “New Zealand’s employment market is seeing companies increasingly rely on a flexible hiring policy, which they achieve
through a combination of permanent and temporary employees with the right mix of skills. Finance and accounting interim
managers have secured a permanent role across every aspect of any business – right through to senior management and
executive personnel.”
The demand for financial interim managers is strongest for business transformation (48%) and project management (38%).
Business continuity (26%), management and leadership enhancement (24%), and change management (23%) are other
initiatives that will further encourage New Zealand’s finance leaders to employ interim managers.
“Not only are interim managers exceptionally useful at meeting traditional business needs like covering peak periods or
filling the gap between one senior staff member leaving and finding a permanent replacement, interim employees are also
sought after to provide specific expertise. Times where interim managers were solely viewed as crisis managers are over
– they have become a catalyst to drive change and profitability.”
“Many companies are hiring a financial interim manager who, as an external expert with an objective view, can
re-evaluate the challenges and growing pains within the company, implement the required changes and provide alternate
perspectives for growth and expansion,” said Megan Alexander.
How to rate the level of success of an interim manager?
Interim managers are rated highly by finance leaders for both efficiency (87%) and cost effectiveness (92%) in achieving
specific business goals.
"Companies are fast seeing the benefits of recruiting interim managers to upskill their department and gain strategic
advantages on a cost reduced basis with greater flexibility. Bringing on board these expert professionals also
indirectly benefits the existing employees of the businesses through offering new perspectives, mentoring and knowledge
transfer,” said Megan Alexander.
How to evaluate the success of an interim manager?
During the aftermath of the Global Financial Crisis (GFC), many organisations in New Zealand found themselves under
increasing pressure to reduce costs and implement new projects to increase profitability. As a result, little over two
in five (41%) CFOs and finance directors say that the success of interim managers is evaluated through the successful
implementation of company projects, another two in five (40%) identify cost savings and more than one in three (37%) say
increased efficiency or performance is an important evaluation criterion for the success of an interim manager.
In today’s market, interim managers are not just being evaluated on their ability to manage a specific project or
implement change, but also on softer aspects like mentoring and knowledge transfer (35%) and having a successful
hands-on approach (11%).
How do you evaluate the success of an interim manager in your company?Successful project/change implementation41%Cost savings40%Increased efficiency/performance37%Knowledge transfer/mentorship35%Increased revenue28%Less time spent on employee onboarding17%Continuous involvement and successful hands-on approach11%
Source: Independent survey commissioned by Robert Half among 100 New Zealand CFOs and finance directors – multiple
answers allowed.
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Notes to editors
About the research
The annual study is developed by Robert Half and conducted by an independent research firm, surveying 100 Chief
Financial Officers (CFO) and finance directors in New Zealand. This survey is part of the international workplace
survey, a questionnaire about job trends, talent management and trends in the workplace.
About Robert Half
Robert Half is the world’s first and largest specialised recruitment consultancy and member of the S 500. Founded in 1948, the company has over 325 offices worldwide providing temporary, interim and permanent recruitment
solutions for accounting, finance and technology in New Zealand. More information on roberthalf.co.nz.