An expert on-demand is a person with a high level of technical knowledge, skill, and experience in their field of expertise. Hiring such highly skilled people for goal-oriented, temporary roles can really benefit the company, particularly in the short term. These people usually have a decorated CV, years and years of experience under their belt, and vast expertise. Most of the experts on demand are ex-CXO level individuals; looking for a short-term commitment in their comprehensive careers.
For instance, a tech expert may even take over the responsibilities of a CTO or a CIO, or even both; for just enough time to guide a company through digitalization, or developing a new product/service.
The Benefits of Hiring an Expert on Demand for a Temp Role
There are many key reasons why you should hire an expert on-demand for your organization. One of the key reasons why companies hire these experts is when they find themselves in a hitch; a hired expert is basically a company’s “pinch hitter”, or “super-sub”, or a “slogger” – depending on whether you like baseball, football or cricket – so to speak. The following are some of the key reasons as to why your company should get an expert:
Shorter Delivery Times
Since these experts are hired on either a project-based, a goal-based, or just for a short amount of time, they hit the ground running and quickly go about achieving their goals. As such, a hired expert usually takes less time to deliver the goods on a certain project or goal than a permanent CXO.
Work Within Lower Budgets
A hired expert can work on shallow pockets and tight constraints, as they cost less to hire than an actual CXO. Some agencies that connect these experts with potential partners also offer session-to-session and subscription payment options, thus making an expert ultra-affordable.
Solving Problems Faster
Most companies will go for an expert when they find themselves in a problem. With an expert’s already-discussed capability of hitting the ground running, they can take a hands-on approach to the problem with their expertise and skill; thus, they can deliver solutions proactively and on shorter deadlines.
Connecting With Experts Anywhere
An expert on hire does not necessarily have to be on-site; the pandemic has certainly fueled connectivity and Work-From-Anywhere. As such, a hired expert can be reached via a Zoom call. This can end up saving precious time in the long run. Further, leaders who have been in the industry for over 15 years have a huge network of leaders. This will only further bolster the organizational presence, even if it is for the short term.
Complement, not Replace
In large organizations, rather than taking the place of existing CXOs, these experts can come in and lighten the burden on them, so that the CXOs can focus on the big picture while the experts slog the day-to-day work. This can also work to improve the overall productivity of the apex management; thus, enabling better productivity for all of the organization.
Hiring an expert has never been easier than these days. And with these benefits, experts on demand have become more lucrative for companies of all sizes than ever before.
So, why are Companies Hiring Experts on Demand?
These days, organizations are not particularly attracted to the idea of hiring experts on substantial wages. The COVID-19 pandemic has left many organizations thinking about their goals and revenue streams. Thus, hiring ideally an executive-level person, or even a permanent expert, can be a costly affair.
Many young companies already have long cash-to-cash cycles, and even established companies have faced issues, particularly in the COVID-19 era. Therefore, a demand for bringing experts on board for a brief amount of time has become a lucrative idea to many organizations, young and old. Many organizations are still feeling the brunt of the impact the pandemic had on them. As such, an expert on-demand, when hired, can steady the ship and chart the right course to shore. For such a brief time, hiring experts on temp roles can really have a positive impact on companies.
The uncertainty and lost revenues brought by the pandemic have many companies reeling, and in need of leaders to guide in crucial fields. To such companies, hiring experts on demand might as well prove to be the right call.
Hiring an expert for a short amount of time is a short-term strategy many organizations are looking towards as they struggle with the challenges the pandemic has presented. More and more companies have had to change fundamentally, and the transition has been far from smooth. Experts on demand, however, can help sort out short-term goals such as digital adoption, and large-scale digitalization within the organization, handling one-time projects, complementing the roles of the top-level executive, filling in shoes while a company finds the “perfect” permanent replacement, and bridging the gap between transformation and expertise.
These short-term goals can be achieved faster, with more reliability and expertise; by finding an expert on-demand that fits the bill, and in a temp role.
Meta description: Vineet Arya, CoFounder, COHIRE, outlines the trend and reason as to why organizations are increasingly looking for executive-level temp experts on demand.