Pay rises for interim managers


Pay rises for interim managers
Semi-permanent working is proving lucrative for many managers in the UK, with new reports highlighting an increase in average salary for interim bosses.

According to research from Russam GMS, interims are currently being paid almost £600 a day on average, representing a record high and 5.4 per cent up on like figures for last year.

At £585 per day, many interim bosses are deciding to avoid permanent positions completely, with an unprecedented number opting for temporary posts. In all, the number of bosses choosing to do this is 5.1 per cent higher than in 2006.

Furthermore a third of managers polled said they would never go permanent again. Charles Russam of Russam GMS states that these figures show interim management to be at its most popular in a number of years.

"The prime driver for this boom is strategic business change, rather than the more commonly perceived needs of gap-filling and crisis management assignments," he explained to Personnel Today.

In related news, it was revealed the UK's highest paid economist earns £1 million, according to the Society of Business Economists, reports Bloomberg.

Related categories: Management / Business.

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