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 Matthew Gibbs for communications roles or Karl Ramsaran for marketing roles.