The cost of having an interim manager in your organisation should relate closely to the total cost of employing a permanent person, taking into account the employment on-costs and also the interim provider’s margin.

Our interim managers pose no threat to internal management development and succession planning; they simply leave when they are no longer required. There is no overhead to your business; you will be investing in an essential human resource and doing so efficiently with no extra hidden costs.

The full cost of employment includes employment on-costs and paid absences (holidays, training and sick leave and employee benefits). Bear in mind that an interim works in a highly focused way and that you will not pay for days when they are not actually working for you.

Return on Investment

The following considerations can help as a guide for determining whether or not an interim is good value for money:

- A senior member of staff is actually costing your organisation a lot more. Once you have added in holiday pay, NI contributions, pension, health and other employee benefits, the real cost is far more. These costs do not apply to Interims.

- Interims are available immediately to plug a gap. In a typical recruitment scenario, it could take a minimum of four months to find the right person and they will have to serve out their notice period. It will be five months before you know whether or not they are really the right choice. If the decision has been a bad one, you start all over again and the process would have been costly.

- Unlike a permanent employee who is typically given a “honeymoon” period to settle in, the interim manager works to a ‘five day’ plan. Within the first five days they deliver, identify quick wins and rapidly build relationship – they hit the ground running.

- In addition, they offer instant experience and a capability which is almost always one rank higher than the job requires. Interims are objective and do not like being sidetracked into office politics. They do not expect to have a long career with you and so they tell you what you need to hear – not just what you want to hear.

Fee Structure

• Interim managers are billed at a daily rate plus VAT.
• Any permanent placement fees are 30% of the equivalent of the first year's annual salary.
• Any travel expenses are charged at cost and always agreed with you prior to expenditure.
• There are no other charges whatsoever.