This is true in some scenarios but for business undergoing transformation or a change project, adapting to a new set of processes, an interim manager will be a better option. Read on for the reasons why…
The benefits of offering interim over fixed term employment:
- Daily or hourly rates offered to interim professionals are usually much better for them from a salary and tax perspective, making the position more attractive from the offset.
- Interim professionals are generally motivated by the flexibility and autonomy of temporary work so they are undeterred by unspecified timescales of employment.
- They are also motivated by meeting deadlines, implementing change to make a difference and generating measurable ROI for their employer as this is how they build their reputation as an interim expert.
- The skill sets for a true interim professional and someone who will consider a fixed term contract are different. A fixed-term contract hire may be focused on making the role permanent or continue looking for a permanent employment opportunity whilst completing the fixed term contract. In most cases, a fixed term contract candidate will cost the employer more due to costs to employ including NI, training, sickness, etc.
Benefits for the employer:
- There is no fee to pay your recruitment partner up-front, unlike with a permanent or fixed-term hire. Instead you pay your contractor their agreed day rate on a ‘pay as you go’ basis which can help to control your budget across the assignment.
- The working relationship is more flexible. If you need the interim professional for a longer or less time than first anticipated, there is no commitment to a specific time frame for the employment.
- Less administration is involved for employers for interim professionals, as responsibility for the paperwork and payroll sits with your recruitment partner or a third party.
- Interim professionals are true experts in their field and will hit the ground running so they require much less attention when it comes to on-boarding and integration. They are used to hitting deadlines, delivering projects and working within many different business cultures.
- Value is derived from an interim manager through their specialist expertise. A return on investment is guaranteed through their desire to be challenged by the task at hand and commitment to providing the greatest possible result. This is in the individual’s best interests as their proven track record helps to secure future contracts.
If you would like some advice on which option is best for your business, get in touch today on 0161 413 6912 or email
nikbulmer@castuk.com
