A thought piece: Interim versus Fixed Term Contract

Peter Keegan, an Associate Director in our Interim practice, considers the pros and cons of hiring an Interim Manager and those of bringing on temporary leadership on a fixed term contract.

Interim Management v Fixed Term Contract
Most employers bring in senior or executive contingent or temporary labour to meet the demands of various projects which can last anywhere from 3 and 24 months. Key reasons for doing so may be funding and/or headcount restrictions that may prevail at the time, the term of the programme of work or the need to provisionally cover a substantive role. Employers may consider offering a day-rate or a fixed-term contract to bring on this short-term support. If interim management rates appear unjustifiable a cost to the business, a fixed-term contract may seem like the most commercially beneficial and risk-free option but that’s not always the case.

Read the full article here!