Temporary personal in general is looked at as expensive personal. When turnover is showing headwind, or management is under pressure by internal- or external stakeholders, cost saving is the first instrument management uses.
Expensive personal is let go and fixed employees are asked to to another step.
This is not the case for all financial expertise.
The interim Treasurer is a good example. In the past 20 years I have experienced that interim Treasurers are able to create value to the company, an add contribution to the bottom line. In some assignments this was 1-2% of the turnover.
In general the interim treasurer should be able to have a rate of return of 3-6 months, based on a 1 year assignment. The revenue will not be limited to this 1 year assignment, but last much longer. I have experienced a much shorter period, up to 4-6 weeks.
Are you interested in cost saving, and attribution to your bottom line? Do not just let your expertise walk out of the door, but hire an interim treasurer for an analyses on the potential cost saving for your organisation. You’ll be surprised what an added value an interim treasurer can bring to your organisation.
Copyright © TreasurySolutions.nl 2020