Contracting with Interim Managers

How should you contract or engage with an interim manager?

  • Interim managers are self-employed senior executives and managers, contracting through limited VAT registered companies.
  • By operating through limited companies, the interim is not your employee and therefore is responsible for their own PAYE and NHI etc.
  • Apart from the agreed daily fee, plus any agreed expenses, there are no other costs to pay to or on behalf of the interim.
  • Interim managers generally offer professional indemnity cover, depending on the type of assignments they undertake.
  • When contracting or engaging with an interim manager ensure that the responsibilities in the engagement letter are clear both for yourself and the interim manager. This helps keep the assignment aims and deliverables focussed.
  • Always take up your own references even if you resource an interim manager through an intermediary. This not only reinforces their achievements but also adds really valuable information on the interim’s approach and how they are likely to fit into your own organisation.

 

We hope this page is helpful and if we can be of further assistance on how to contract with an interim manager please let us know. We would be pleased to assist. 

If you are an experienced interim and are interested in joining the network please follow this link.

 

Contracting with Interim Managers