Interim marketers see rise in pay
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The current climate is looking positive for interim marketing managers with pay on the rise as companies look to gain a competitive advantage.
Marketing and sales specialists have seen their pay rise by 12% from £527 in December 2008 to £592 in June this year, according to the latest snapshot survey carried out by recruitment agency Russam GMS.
The research shows that those interims willing to work overseas also saw pay increase by 10% from £707 to £778.
Age is determining how much interims can command with those in their 40 and 50s earning the most from assignments.
These findings are in contrast with the last survey, which recorded the first slowdown recorded by the recruitment agency, which began its survey in 2000.
Figures to December 2008 indicated that interim marketers took a pay cut of 6% from £561 to £527. The rate of decline in assignments is also slowing. Volume of work is down 4% to the end of June compared with the last survey, where volumes decreased by 11% to the end of December 2008.
The latest Ipsos MORI market audit second quarter findings commissioned by the Interim Management Association (IMA) also indicates signs of recovery, with IMA members seeing an 11% increase in assignments from 493 to 548 in the months between 1 April to 30 June.
Despite the uncertainty of the economic climate, most interims are committed to their career choice, with 30% saying they would never think about returning to permanent positions. Half of respondents say they would only consider returning to full-time employment if the opportunity was too good to turn down.
Readers' comments (7)
Steve Curzon | Wed, 2 Sep 2009 12:22 pm
The report does not surprise me. My observation is that CEO's and marketing directors are placing greater value on quality experience and flexibility. Interim is an effective way to add to the team - more in-house marketing but without the in-house overhead. More and more businesses will need the agility and adaptability that interim affords.
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Digital online marketer | Wed, 2 Sep 2009 12:27 pm
Interesting article..
I have been working in the UK as an interim manager for 15 years.
And in the last 2 years, I have found that daily rates for top senior interim managers have dropped in comparison to 5 years ago.
Due to the recession and cut in marketing budgets..
For a few roles , yes the daily rates have increased slightly for a handful of 1 in every 10 interim roles.
Working as an interim warrants additional cost i.e. tax, accountant fees, travel and budget as to working away from home.For some interims they end up paying to maintain 2 roofs, as well as other outgoing cost.
Available For Hiring Now !
Well, I am a digital online marketer- for anyone out there looking to fill their next interim vacancy.
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Deborah Rowe | Wed, 2 Sep 2009 1:17 pm
It's good to hear that the experience that comes with age is finally being recognised by those at the top. I'd be interested to know what the research says about part-time interims. I've been doing interim and consultancy work for over 10 years, I really like what I do, and would only change that for a very very good full time offer.
That said, I'm always on the look out for part-time interim work to fit in with the rest of my portfolio. B2B strategic and/or operational considered.
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Stewart Atkins | Wed, 2 Sep 2009 2:40 pm
I'm also a digital specialist and would concur with Steve's observations. There is certainly a value in having been there before and surviving!
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Deborah Collier Echo E-Business | Wed, 2 Sep 2009 3:11 pm
Interesting and encouraging article. As an internet marketing consultant, providing interim e-business and e-marketing services, I can say that demand has increased where struggling businesses leverage skills outside of their company at a fraction of the cost. While the need to seek work and organise ones own taxes, are an additional chore for contractors, it saves businesses additional tax burdens of employing a member of staff.
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Anonymous | Thu, 3 Sep 2009 12:30 pm
Interesting article, I am considering leaving a high level marketing job within a large organisation to take my skills into an interim marketplace, and am looking for pros and cons.....
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Digital marketer | Fri, 4 Sep 2009 1:27 pm
Reply to:
Anonymous | Thu, 3 Sep 2009 12:30 pm
Interesting article, I am considering leaving a high level marketing job within a large organisation to take my skills into an interim marketplace, and am looking for pros and cons.....
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Reply
I have been an interim manager for 15 years.I have never looked back...
The pay is considerably higher than someone who is in a perm job.
You do have to be flexible as to which projects you take on.
Downside is you are your on own boss and there is a lot of hard work involved- its not strictly a 9 to 5 routine and there may be some travelling involved.
You need to keep hold of all your expenses for the tax man daily. Get to grips with IR35 ? Decide whether you want to
set up as a Ltd or use an existing umbrella company?
One needs to have a passion to become an interim manager otherwise - this path might not be for you.Its the passion that keep's one going- project after project.Not a one off project.
There is of course the opportunity to work with some amazing brands/projects to accelerate your skill sets and career progression within interim management/which could be reflected in daily rates charged over time.
40%-42% of UK working population are on some kind of temporary contract in 2009..
A demonstrative track record is key to becoming a successful interim manager.
Personally for me - it has been an amazing 15 years of my career life todate working as an i interim manager.
and I am loving every min of it.
Finally, unless you take the plunge you will never find out what it is like to be an interim manager/it could be a missed opportunity ? The decision is yours ?
.
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