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UK Interim Day Rates Can Be Cheaper Than FTC/PAYE Contracts

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UK Interim Day Rates Can Be Cheaper Than FTC/PAYE Contracts

There is a common myth that employing contractors on a fixed term contract basis (FTC/PAYE) is a cheaper way of filling the gap. Our cost breakdown illustrates how cost effective a professional interim on a day rate basis can be.

Interim Contracts Cost Analysis

Figures are based on a typical package for a 12 month mid-level interim communications or marketing manager, working 219 days in the UK.

Weekdays in a year

261

Annual leave

25

Bank holidays

8

Training days

2

Sick days

7

Total number of working days

219


Interim Day Rates Cost

Day rate

£300

Total cost (219 days x £300)

£65,700


FTC/PAYE Cost

Salary

£50,000

NI contribution (13.8%)

£6,900

Car allowance

£5,000

Bonus scheme (10%)

£5,000

Pension (5%)

£2,500

Medical insurance

£1,500

Life assurance

£100

Total cost (219 days)

£71,000


​Whether it’s a maternity cover contract or a critical transformation programme, we support companies large and small with experienced, proven interims for their communications and marketing teams. Short-term or long-term, full-time or part-time, we have the network to support any brief. 

If you would like to discuss your interim hiring requirements, please contact Matt Gibbs.