Wednesday, September 5, 2012
Marketing Agreement and Interim Management makes sense
Many companies over the past 5 years have been forced to cut their marketing staff and eliminate positions that were critical to their operations. Those positions are Director, Vice-President, and other marketing management positions including product management and marketing of products. To counter this trend and to overcome this shortage, many companies are increasingly looking to outsource their functions of marketing management for companies that can provide or contract marketing manager at different fractional levels of their organizations.
How can it work? Easy! This is the era of "renting" expertise of the employees, instead of "owning" it. A company that needs a vice-president of marketing who can provide strategy and direction can contract this function for a fractional part of a total full-time employee. Turn the person on a weekly or monthly basis, if necessary, plan and help to guide your marketing efforts without having to pay a salary for that person full time.
This strategy offers advantages to a society of small to medium sized business looking to preserve its liquidity and control on his payroll. A vice-president of marketing plan could cost $ 200,000 in today's economy to full-time. Many companies do not need or can afford such a person on their team, but could benefit greatly from the fractional part of the time of that person. So, if your company needs this kind of talent part time (say one day a week), you could spend $ 40,000 a year and still have access to strategic thinking and the skill of a top marketing executive without having to pay for it full-time part-time.
We see this trend happening in the ranks of director-level management marketing, Internet marketing, product management and marketing functions of the product. Companies need to have these functions can serve their organizations, but not necessarily need them full time. So that more and more companies outsourcing or staff to provide a leading marketing talent on an ongoing basis, but part-time. This is a very profitable strategy for organizations looking to grow and need access to human capital and marketing functions, while being able to contain costs.
If your company is considering finding a new vice-president of marketing, but you are worried about whether or not you can afford the salary of such person, or if you are looking for a Product Manager, Product Marketing Manager or a director of product marketing to lead a team, consider the possibility of outsourcing this function through a marketing company and personnel capable of providing this support, on a part-time.
Product Management and Product Marketing to fit this model perfectly. Many companies do not need full-time Product Manager to design and implement new products or provide support to their sales force, but they need some form of product management both on a part-time or during periods of peak of new products lance. These scenarios are ideal for recruiting a Product Marketing Manager on a part-time basis by a company staff.
We see many companies seeking this type of split or interim management support in order to obtain the necessary work done, while reducing overall costs in staff functions that do not directly relate to driving revenue. A fractional product manager or marketing product manager can perform all critical functions that are necessary to support rollout of new products, product development and training of sales force, without being full-time staff.
Thinking of using sales staff and marketing and recruiting firm as a fundamental resource to bring the people you need in order to bridge the gaps in your organization .......
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