Interim chiefs top pay league


Interim chiefs top pay league

John Riley

John Riley

Interim IT managers were paid £20,000 more than the average for similar managers in other professions while working a fewer number of days.

That is one of the findings from a report published last week by interim management company Russam GMS, based on 357 responses to a recent survey.

In 1999 interim IT managers averaged £82,000 gross income, compared with the average in all categories of £62,000, while working an average of 148 days, eight days less than the average for other interim managers.

That £82,000 is expected to rise to £87,000 this year, although interim IT managers expect the number of days they work to rise to 155, close to the overall expected average of 157 days.

Interim IT managers on daily rates expect a rise from £490 a day in 1999 to £498 this year. These rates outstrip the average rates for all classes of interim managers of £389 an hour in 1999 and an anticipated £418 an hour this year.

Russam GMS reckons that the overall market in the UK for interim managers is now worth £500m and is growing at over 10% a year.

Charles Russam, the company's chairman said, "Interim management will continue to grow significantly under the impact of more flexible employment practices, the strength of the growing business sector and the emergence of the virtual and substantially virtual organisation."

Colin Beveridge, interim IT director and founder of IT interim managers association Premit said, "I am not surprised that IT skills command a premium but clients reading this report will be very disappointed if they expect to get a good interim manager for near the prices quoted.

"These prices reflect project manager rates. Further-more, IR35 will bring upward pressure on fees, probably closer to 20%, rather than the expected 1%-2% natural growth."

Interim managers' pay

Gross Income    
Category 2000 1999
Finance £64,000 £59,000
Sales & marketing £64,000 £55,000
Production £50,000 £44,000
Purchasing £62,000 £57,000
IT £87,000 £82,000
HR £69,000 £54,000
Other £65,000 £59,000
Average £67,000 £62,000
Daily Rates    
Category 2000 1999
Finance £415 £361
General manager £428 £408
Sales & marketing £407 £366
Production £282 £285
Purchasing £375 £325
IT £498 £490
HR £456 £385
Other £400 £406
Average £418 £389

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