Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Most Kiwi CFOs use interim managers for cost efficiency

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.


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&P 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

© Scoop Media

Business Headlines | Sci-Tech Headlines


RNZ: Porirua Most Expensive Region To Rent, According To Trade Me

A rental website shows this town is now New Zealand's most expensive region to rent a house, ahead of Wellington and Auckland cities. More>>


Stats NZ: Nearly 1,000 More Big Businesses Now Than Two Decades Ago – Media Release

There are now 2,690 big businesses in New Zealand employing more than 100 staff – nearly 1,000 or 58 percent more than 20 years ago, Stats NZ said today. Over the 20 years to February 2020, the total number of enterprises in New Zealand increased ... More>>


RNZ: Housing Boom Could Get Worse, Economist Warns

Economists are calling on the Reserve Bank to reinstate lending restrictions, warning the housing market is spiralling out of control. More>>


Westpac: Sets Out Plan To Go Cheque-Free

Westpac NZ has announced details of its plan to phase out cheques, after signalling in May that it would be supporting a move to other forms of payment. Cheques will cease to be available as a means of payment after 25 June 2021. Westpac NZ General ... More>>


NZTA: Major New Zealand Upgrade Programme Projects Go To Tender

Two major New Zealand Upgrade Programme projects are beginning tenders for construction. The New Zealand Upgrade Programme is a $6.8 billion investment to get our cities moving, to save lives and boost productivity in growth areas. The first Auckland ... More>>

Reserve Bank: RBNZ Seeks To Preserve Benefits Of Cash

The Reserve Bank – Te Pūtea Matua is taking on a new role of steward of the cash system “to preserve the benefits of cash for all who need them”, Assistant Governor Christian Hawkesby told the Royal Numismatics Society of New Zealand annual conference ... More>>


CERT NZ: Malicious Computer Virus Targeting New Zealanders

CERT NZ, the government agency which supports organisations and individuals affected by cyber security incidents, says a recent surge of increasingly sophisticated malware attacks is affecting everyday New Zealanders as well as large organisations. The ... More>>


Economy: NZ Small Business Recovery Continues In September

Xero, the global small business platform, today released its Small Business Insights (XSBI) for September revealing an uptick in small business jobs and year-on-year revenue growth in New Zealand. Nationwide, the average number of jobs in the small ... More>>


Courts: Businessman Eric Watson Sentenced To A Four-Month Jail Term

New Zealand businessman Eric Watson has been sentenced to a four-month jail term in the UK for contempt of court, TVNZ reports. More>>

OECD: Area Employment Rate Falls By 4.0 Percentage Points, To 64.6% In Second Quarter Of 2020

The OECD area employment rate – the share of the working-age population with jobs – fell by 4.0 percentage points, to 64.6%, in the second quarter of 2020, its lowest level since the fourth quarter of 2010. Across the OECD area, 560 million persons ... More>>

Spark: Turns On 5G In Auckland And Offers A Glimpse Into The Future Of Smart Cities

Spark turned on 5G in downtown Auckland today and has partnered with Auckland Transport (AT) to showcase some of the latest in IoT (Internet of Things) technology and demonstrate what the future could look like for Auckland’s CBD with the power of 5G. 5G is ... More>>

Stats NZ: Monthly Migration Remains Low

Since the border closed in late-March 2020, net migration has averaged about 300 a month, Stats NZ said today. In the five months from April to August 2020, overall net migration was provisionally estimated at 1,700. This was made up of a net gain ... More>>