Salary rates for interim executives have risen, driven by businesses hiring at senior management level, according to research by Interim Partners.
The research found that 79% of interim executives are now paid over £500 per day, up from 74% last year.
According to Interim Partners, the increase could signal a thaw in pay for senior executives.
The research, conducted among 900 interim managers, also found that 13% of interims are now paid £1,000 or more per day.
Doug Baird, managing director at Interim Partners, said: “During the credit crunch and subsequent recession, UK [organisations]were forced to cut hundreds of the most senior management jobs. [Employers] now need to replace these people, but nervousness means they are hiring more aggressively on an interim basis than on a permanent basis.
“The shortage of senior managers and directors has meant remaining staff often have been overseeing multiple projects and job titles simultaneously. [Employers] can no longer delay in filling these roles.
“However, the economic uncertainty means they are only willing to commit to recruiting interim managers to fill
many of these roles.”
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