I have embarked on a journey to provide short-term assignments to top management & CXO level professionals who are not currently engaged in any full-time role, and who have a wealth of experience and wisdom that can be used to meet technical, functional or strategic short-term gaps experienced by companies’ world over. EXPERTIES was born from the realization that there is a huge need, both in supply and demand of expertise, to fill short-term gaps across industries. The gig economy for top management is here to stay. Why do I say that?
First, with the average age of people in organisations reducing, senior management is as likely to be in the thirties today and they bring a lot of fresh ideas and have unusual and innovative ways of doing business; in fact, they have brought in new dimensions into everyone’s life’s which were unthinkable in the past. This gust of fresh ideas is well-tempered by some grey-hair wisdom, some old tricks out of the box which seasoned professionals pull out and bring to the table such as for addressing scalability, market penetration, financial controls, or simply strategizing. The unicorns and innumerable start-ups founded by the under-30s are often supported by experienced mentors and advisors enabling them with more wind beneath their wings.
Second, there are many family owned and run businesses and the younger generation of these companies is now more open than before to roping-in professionals having wide industry exposure with perhaps even a global perspective, to manage the business or to head key functions. This divergence of views of different generations is well addressed by experts donning an advisory hat or periodically stepping in to provide strategic inputs, without upsetting the family hierarchical ‘apple-cart’. And the idea fits in well - family management continues to drive, with some professional support!
Third, any expertise gap in functional or technical roles in large established companies due to gap in required skill sets or know-how at the right time, is filled by bringing in an expert temporarily. This also provides an unintended but very beneficial consequence of up-skilling and on-the-job learning opportunity for the organization. Experts also sometime fill a critical gap left by the sudden exit of a senior executive and they take on an interim management role until a replacement is found.
Fourth, whatever the scenario, the value proposition for the hiring company is immense, as it pays only for the period of utilisation of the expert’s services, saves money and time on the variable and over-head cost of hiring full-time for a short-term need, and gets the added advantage of gaining from the best of experienced minds!
Some start-ups and SMEs may feel that experienced top management skills are not accessible, and EXPERTIES has shown that's not so. In fact, many experts enjoy the challenge of leveraging their considerable experience working with small companies. In two cases, where veterans were introduced to companies, one a second generation of a family business seeking expansion strategies, and the other a start-up at its second round of funding needing some technical support, the experts concurred with us that this is exactly where the need is, these are exactly the gaps that need filling-in, this is the new age!
There are, of course, roles and positions which absolutely need to be full-time. The model of hiring top management professionals on short-term basis as and when required, is an aid to management’s support and not a substitute. Here’s to more top-management expert hiring!
Priti Gulati, Founder of EXPERTIES, June 2018. www.experties.net