first_imgRelated posts:No related photos. Previous Article Next Article Fromnext month interims will have a new institute to set standards and representthem, By Caroline HornThegrowth of interim management as a career is reflected in the organisations nowrepresenting the industry. Next month sees the official launch of the Instituteof Interim Management (IIM). The existing Interim Management Association (IMA),previously the ATIES (Association of Temporary and Interim Executive Services),will continue to represent corporate interests while the IIM will focus on theinterests and professionalism of individual interim managers.TheIMA, which will have a member on the executive committee of the IIM, hasencouraged the formation of the new organisation. It will operate as astandard-setting body. The IIM will help establish the standards ofcompetencies by which to judge interims.JohnWood, managing director of Sterrywood Associates and acting chairman of thesteering committee of the IIM, says the organisation has been four years in themaking. Initially, the then ATIES recognised the need for a separateorganisation to represent individual interim managers and then last year, asurvey undertaken by AshtonPenney Partnership reflected the groundswell ofsupport for such a body.Today,the IIM has a steering group and constitution and is allied with the Instituteof Management, which has provided a framework for the organisation to workwithin. It has also established the foundations for membership which, saysWood, “will recognise initially that interim managers come from a varietyof backgrounds and experiences”. Two years from the launch, he says,”We will aim to have accreditation processes in place and after that stagethe standards and requirements for membership will rise.”Therewill be three levels of membership:AssociateSomeone who has demonstrated his or her intent to work as an interim manager.He or she might have their own company but not a track record, although theywill previously have achieved a senior level in a corporation.MemberSomeone who has satisfied the associate feature but who also has a record ofsuccessful assignments over time, which will be assessed by the committee.Companionby invite Someone who has given services to interim managers over a numberof years and has considerable experience, but who might not have formalmanagement qualifications.Withintwo years, there will also be the grade of fellow, for those who have worked toadvance the cause of interim management, although those requirements have stillto be established.”Weare developing the range of benefits interim managers can expect to get frommembership,” says Wood. Given that many interim managers work inisolation, the IIM will provide a good networking opportunity and a platform toexchange ideas.Tojoin the association, interim managers will have to join the Institute ofManagement, which costs about £80, and pay an additional premium for IIMmembership. This is likely to be about another £100.Bythis April, the IIM expects to have about 400 members. While it is difficult toestimate the actual number of practising interim managers, in the long termJohn Wood expects the IIM to attract some 5,000 members.Theorganisation aims to provide the opportunity for management development andskills development in a structured way. “One of the main benefits we hopeto provide is that, as the institute goes forward, we will establish standardsand helping interims to achieve those,” explains Wood. “Over time,those standards will rise and perhaps 20 years down the line we will havechartered status.”TheIIM will also be in a position to represent managers on a wider platform and toargue for the profession with government bodies – not to mention the InlandRevenue. “The IIM is not about knocking on company’s doors to negotiatebetter rates on behalf of interim managers,” warns Wood. “What we dowant to do is get interim management recognised as a bona fide profession.Interim managers are not ‘Mr Fix-Its’ but a genuine human resource that shouldbe considered by companies as part of their strategic development plan.”Thelonger-established IMA, meanwhile, is already working to set more generalstandards, says Ian Daniell, managing director of Executive Support Groupcompany and chairman of the IMA.Thereare three aspects to setting the standards, says Daniell. “We have beentrying to raise standards of people who say they operate as interim managers –although that mantle will now be taken up by the IIM. We are also trying toraise standards of service providers by having our internal disciplinaryprocedures and a code of practice, which members are asked to subscribe to. Andwe are trying to develop the business.”Whilehe admits that a voluntary organisation will always be difficult to police, theIMA has its own internal procedures and codes of practice. “We have aprocedure whereby complaints from member companies, the industry or membercompanies about other member companies, can be investigated and actiontaken,” says Wood. “The worst that can happen is for a company’s membershipto be taken away, although it has never got to that stage.”TheIMA has been involved in successfully resolving disputes among its members –such as the “Who got to the client first?” scenarios. If it fails toresolve a dispute it can call on the services of the Recruitment and EmploymentConfederation legal department – the IMA is a specialist division of the REC.Thecost of a corporate application for next year is £1,500, which is alsorecognised by the REC. Requirements for membership include having an establishedcompany that has operated as an interim management company for 12 months, or asa separate identifiable interim management practice within a largerorganisation. The IMA needs at least two reference companies and evidence oftrading during the preceding 12 months.Atthis stage, the IMA’s priority is not on expanding membership as much asestablishing its new name and brand, and ensuring that it is in a position todo what it says it will do in terms of setting and maintaining standards, saysDaniell. Headds, “We want to encourage client companies to find out about interimcompanies, develop relationships with them, and to know how best interimmanagers can fulfil their requirements.” Comments are closed. Looking after your interestsOn 1 Mar 2001 in Personnel Todaylast_img read more