If you are determined to become an interim worker, you will need to decide on a suitable day rate. Professional managers whom work on an interim basis are typically paid through their own limited company or via an umbrella company.
In usual situations, such an individual will actually work a maximum of 220 days a year and for clarity will only actually be paid for those days they work; therefore they are not entitled to holiday or sick pay or really any other benefits whatsoever.
Our calculations are based on a formula that is widely used within Interim Management. Maxwell Stephens accepts no liability or responsibility for any loss or damage in any way arising from its use. The calculation is based on annual salary plus 30% (to cover the additional benefits a professional interim manager wouldn’t receive) divided by 220 (which is a classic number of days worked taking into account holidays and 'down time' between the different assignments)
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