Interim Partners research: Pay for top interims rises

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.”

Read more articles on pay and reward