What day rate should an interim get paid?
I have been asked a lot of questions about day rates for interims over the years – what day rate should a client pay or at what day rate should someone enter the market are the most frequent.
This seems like the age-old question and sometimes it seems like there is little rhyme or reason as to why people pay what they do…
Unlike permanent search, where positions are set at market rate and are typically benchmarked accordingly, interim roles at the senior end of the market, tend to be more fluid dependant on a number of factors.
So here is my 2 pennies worth…
The interim standard for day rates is calculated as 220 days per annum + 30% on top (220 accounts for working days per annum, including some down time between contracts and the 30% is for the benefits that you would normally receive in a role.)
Please feel free to get in touch if you want some more detailed information or for some advice on benchmarking an assignment. You can email me on James@refind.co.uk.
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