Work is done already and more in future by freelances - through Ferovalo Interim Management service companies find over qualified the best possible match. Cases: COO in Start-up and CFO in growth company

1. Ferovalo Oy
OPERATIONAL AND BOARD COMPETENCE
www.ferovalo.com

2. Ferovalo Oy
TO HELP COMPANIES SUCCESS!
Interim Management Service
Platform matching of part- and full-time IMs for
development and change projects.
Today 500 members registered.
Board Member Service
Cost efficient service for company owner to find right
competence to board through Ferovalo platform.
www.ferovalo.com

3. Mega trends
Increasing amount of work is done with agreements other than
employment.
Competences are increasingly global and work places and way to
work are flexible.
Diversity of board and management increases in depth
understanding and this increases the need to find competence
based individuals outside own industry/peer group.
www.ferovalo.com

4. 2002 - Daniel Pink: Free Agent Nation
The Future of Working for Yourself
Amazon:
•It's about fulfillment. A revolution is sweeping America. On its front lines are
people fed up with unfulfilling jobs, dysfunctional workplaces, and dead-end
careers. Meet today's new economic icon: the free agent-men and women
who are working for themselves. And meet your future.
•It's about freedom. Free agents are the marketing consultant down the
street, the home-based "mompreneur," the footloose technology contractor.
Already 30 million strong, these 21st-century pioneers are creating lives with
more meaning-and often more money. Free Agent Nation is your ticket to this
world.
•It's about time. Now, you can discover:
•The kind of free agent you can be-"soloist," "temp," or "microbusiness"-and
how to launch your new career.
•How to get the perks you once received from your boss: health insurance,
office space, training, workplace togetherness, even water cooler gossip.
•Why the free agent economy is increasingly a woman's world-and how
women are flourishing in it.
•The transformation of retirement-how older workers are creating successful
new businesses (and whole new lives) through the Internet
www.ferovalo.com

5. HBR July-August/2011
The Big Idea: The Age of Hyperspecialization
▪Top Coder: 2011 network of almost 300,000 developers from more than 200 countries. Today
1M+ members
▪The term “hyperspecialization” is not synonymous with outsourcing work to other companies or
distributing it to other places (as in offshoring), although it is facilitated by the same
technologies. Rather, it means breaking work previously done by one person into more-
specialized pieces done by several people. Whether or not those pieces are outsourced or
distributed, their separation often leads to improvements in quality, speed, and cost.
▪The biggest cost saving for most companies may come in the form of better utilization of their
own employees’ time. Because hyperspecialization entails off-loading the pieces of knowledge
workers’ jobs that can be done more efficiently by remote specialists, those knowledge workers
immediately have time freed up to spend on the higher-value tasks that only they can do.
www.ferovalo.com

6. HBR May/2012
The Rise of the Supertemp
▪Supertemps are top managers and professionals—from lawyers to CFOs to consultants—who’ve been trained at
top schools and companies and choose to pursue project-based careers independent of any major firm. They’re
increasingly trusted by corporations to do mission-critical work that in the past would have been done by
permanent employees or established outside firms.
▪Most supertemps are refugees from big corporations and law and consulting firms who value the autonomy and
flexibility of temporary or project-based work and find that the compensation is comparable to what they earned
in full-time jobs—sometimes even better. They leave behind the endless internal meetings and corporate politics.
▪McKinsey research in 2011 found that 58% of U.S. companies expect to use more temporary arrangements at all
levels in the years ahead
▪ In Europe, where onerous labor laws make it difficult and costly to fire anyone—thus discouraging companies
from taking on permanent hires—temporary work is even better established than it is in the United States. The
vast majority of this work is in the middle tier or below, but it is spreading in the high end.
▪According to Booz Allen Hamilton, the UK market for interim managers is one of the best developed, accounting
for as much as $1.8 billion in revenue in 2009; and across Europe, annual growth in the market for interim
executives has been over 20%.
www.ferovalo.com

7. McKinsey Global Institute 2018: Skill Shift
Automation and the Future of the Workforce
▪Companies will need to make significant organizational
changes at the same time as addressing these skill
shifts to stay competitive.
▪A survey of more than 3,000 business leaders in seven
countries highlights a new emphasis on continuous
learning for workers and a shift to more cross-
functional and team-based work.
▪As tasks change, jobs will need to be redefined and
companies say they will need to become more agile.
Independent work will likely grow.
▪Leadership and human resources will also need to
adapt: almost 20 percent of companies say their
executive team lacks sufficient knowledge to lead
adoption of automation and artificial intelligence.
▪Almost one in three firms are concerned that lacking
the skills they need for automation adoption will hurt
their future financial performance.
www.ferovalo.com

8. McKinsey Global Institute 2018: Skill Shift
Automation and the Future of the Workforce
▪MGI research finds that up to 30 percent of the working-age population in the
United States and in the EU-15 earn income through independent work
arrangements, including freelancers, contractors, temporary workers placed by
staffing agencies, and participants in the online gig or sharing economy.
▪Over 70 percent of these people participate in independent work by choice.
▪A survey by Upwork and the Freelancers Union projects that at current growth
rates, over half of the labor force will be independent workers by 2027.
Freelancing in America 2017, Upwork and Freelancers Union, October 17, 2017.
www.ferovalo.com

9. McKinsey Global
Institute 2018: Skill
Shift Automation and
the Future of the
Workforce
HOW
WORKFORCE
SKILLS WILL
SHIFT
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10. Ferovalo Interim Management
www.ferovalo.com

11. Cases
BOSSE & TINA
WWW.FEROVALO.COM

12. Bosse
• 23 yrs with Nokia (networks), 2 yrs with Ixonos,
since 2015 own consultancy
• Curious for new things, wants to make a
difference
• Systematic, calm, ”gets things done”
www.ferovalo.com

13. Case COO Timeline
www.ferovalo.com

14. Case
• Space Nation – startup aiming to create the largest space discovery community
on earth – Entertaining Educational Experiences
• Funding – CEO bandwidth limitations
• Quickly assuming control of all operational activities (people, finance & cash
flow, contracts, IT, projects, …)
• Complete trust and freedom to operate
• Experience, ”not afraid of the unknown”, ”getting things solved” mindset
• For the team a ”solid rock” when things do not always go as planned…
www.ferovalo.com

15. Tina Nyfors
• 20 years in financial management, corporate
finance, private equity and plc IR worldwide
•Since 2011,own consulting company
•Delighted to discover new things; a problem-
solver,execution-oriented. Favourite quote:
The world ”impossible” is not Finnish
www.ferovalo.com

16. Case CFO Timeline
www.ferovalo.com

17. Case CFO Law company
• Interesting new concepts concepts within legal industry; high-growth
environment
•Client unsure what to do with financial department
•Interim CFO analyzed the company and provided the management with in-depth
analyis together with a set of recommended actions
•Quickly assumed other senior level tasks (including some projects outside of the
original scope)
•Recommended apath forward which the company followed; helped the
company find a permanent CFO
•Agreed to stay as a senior advisor also in future, as needed
www.ferovalo.com

18. Board Member Service
• Launched in Slush 2017
• Ferovalo is member of FVCA (Pääomasijoittajat ry)
• If interested board work; register as member
• Announcement 1800 € + VAT
www.ferovalo.com

19. Thank You!
elina.liehu@ferovalo.com
+358405647441
www.ferovalo.com