|
When comparing the expense of having an interim manager with the costs of a full-time employed manager or business consultant, the costs are not necessarily quantifiable. The following table gives a quick overview*: Employed management executives - Interim managers - Business consultants | | Employed manager | Interim manager | Business consultant | | | in euros | in euros | in euros | | Daily rate | | Average
1,300 euros
plus expenses | usually 50 - 100%
more than interim managers
(1,800 to
2,400 euros)
plus expenses | | Fixed salary | 100,000 | – | – | | Bonus | 25,000 | – | – | | Recruitment costs approx. 33% | 33,000 | none | – | | Employer's contributions to NI approx. 35% | 35,000 | – | – |  | –Relocation costs,
e.g. moving | X | – | – | | – Pension | X | – | – | | – Health insurance | X | – | – | | – National Insurance | X | – | – | | – Public holidays | X | – | – | | – Holiday entitlement | X | – | – | | – Training | X | – | – | | – Illness | X | – | – | | – Administration | X | – | – | | – Company car | X | – | – | | – Secretariat | X | – | – | | | | Severance pay, compensation | X | none | – | | Period of notice | approx. 6 months | max. 1 month | – | | Total costs | 142% | 100% | | | | 100% | 131% | |  | | |
| | *Source: | Impact Executives - a survey carried out for the UK market and based on the book by Dr. Vera Bloemer - Interim Management 2003 | | 
