If you’re an interim manager, you’re probably aware of the many advantages this type of job has to offer. Not only do you get to work on a variety of stimulating projects, but you also enjoy a high salary and numerous benefits. However, it’s important to understand how it’s calculated so that you’re paid fairly.
How billing works
When an interim manager is hired for a project, he or she is often invoiced at a certain hourly rate. This rate varies according to experience, the complexity of the project and the duration of the assignment. In general, interim managers charge between €800 and €1,500 per day. It is important to note that billing does not correspond directly to salary. As the interim manager is considered to be self-employed, he or she must pay his or her own social security contributions and taxes. This means that the salary is lower than the invoiced amount.
Salary calculation
An interim manager’s salary also depends on his or her experience, training, the length of the assignment, the complexity of the project, the hourly rate charged and the business sector. Some sectors, such as finance, can offer much higher salaries than construction, for example. On average, it remains between €60,000 and €150,000 per year.