Recruitment Agency Now


You are here:  Home  >  News  >  Main News Section  >  Current Article

Day-rate interims can be more cost-effective

October 11, 2018  /   No Comments

A new report into the UK interim market for communications and marketing has revealed that engaging contractors on an interim day-rate basis can be cheaper than fixed-term contracts (FTCs).

VMAGROUP’s latest report into the UK interim market for communications and marketing busts a myth widely held among communications and marketing employers – that hiring contractors on an interim day-rate basis is more expensive than fixed-term contracts (FTCs). Instead, the opposite appeared to be true.

The Bridging the Gap report, compiled by the leading international interim and permanent recruitment and executive search specialist for communications, digital and marketing, illustrates how cost-effective a professional interim on a day-rate basis can be.

Among the findings were that some 55% of interim assignments are focused on specific projects required by organisations, and such projects are on the rise; interim workers tend to be highly experienced, with 61% of respondents having worked in those professions for more than 15 years; and 56% will continue to carry on contracting on a day-rate basis after the introduction of IR35 legislation, 23% of respondents will carry on contracting on fixed-term contracts and 21% will return to permanent employment.

Andy Macleod, associate director of UK Interim Communications and Marketing at VMAGROUP, commented:
“There is a common misconception that hiring interim professionals on a day rate is more expensive than fixed-term contracts. Whilst every situation is different, in reality, organisations can actually save on costs by hiring an interim on a day-rate basis and will often benefit from hiring a more senior professional with relevant experience who can manage the assignment in a three- or four-day week.”

    Print       Email


RA Now 2016 Preview

RA Now 2016 Preview

View all →

Your Voice

  • Oct 11
    Via @IOR_JoinUs on Twitter  Facebook accused of discriminating against women with male-targeted job adverts Read More
  • Sep 27
    Via @agencycentral on Twitter  Need an introduction to recruitment agency regulations? The laws and regulations recruiters absolutely need to know about. Read More
  • Sep 13
    Via @greg_savage on Twitter People don't leave companies. They leave leaders!   Read More
  • Jul 19
    Via @recmembers on Twitter Google for Jobs launched today in the UK – in case you missed it, here’s REC marketing manager Michael Oliver's blog on how agencies can take advantage > Read More

RSS News