| |
|
|
| Hiring, Terminations and Retention |
| Temporary Executives |
Mergers, consolidations, bankruptcies, new systems implementation, and a variety of projects that require financial expertise have created increased demand for temporary accounting executives. Business owners and managers are becoming more and more comfortable with the concept that it isn’t always necessary to hire a full-time professional when the need for professional expertise is only temporary.
The few skeptics that remain are learning rapidly that “temporary” and “mediocre” are not synonymous. There are temporary executives in the workforce today who possess a host of high-demand skills and education. Patrick Nolan is an example. He retired at age 60 after serving as CFO for Levitz Furniture and earning a $350,000 salary.
Because he still wanted to stay in the profession but have some freedom with his own time, Nolan has taken on a temporary role as CFO for three different companies who needed his help with mergers or other short-term projects. “I enjoy keeping my professional skills sharp and helping smaller companies get their financial houses in order,” says Nolan.
Another CFO enjoys the thrill of helping small start-up companies and specializes in working with venture capitalists. Often, a temporary executive will take on a part-time position that allows him or her to concentrate on family needs such as a new baby or elder care. Many executives have been downsized from larger firms and are looking for “the right fit” with a new company. Entry-level people often use temping as a way to discover employment options.
There are a host of different reasons interim executives choose temporary work, but what is consistent is our ability to provide your firm with the right professional to meet your short-term or temporary accounting needs. Please contact our office today to visit with one of our consultants about a variety of options available to you.
Source: Marlene Piturro, “The Temporary Executive.”
| |
|
|
 |
