What are the costs for an Interim Manager?

Interim Managers are temporary managers who support companies in achieving specific goals or solving problems. As a rule, Interim Managers have many years of experience and expertise in their respective specialist area and can work quickly and effectively to achieve the company's goals.

The cost of an Interim Manager varies depending on the industry, experience, duration of the assignment and complexity of the task. In this article, we will take a detailed look at the various factors that influence the cost of an Interim Manager.

Daily rate of the Interim Manager

As a rule, Interim Managers charge on a daily rate basis. Depending on the sector and the manager's experience, the daily rate can be between 1,000 and 3,000 euros. The costs can also be higher for particularly experienced or specialised managers. The daily rate usually includes all costs such as travelling and accommodation expenses.

Duration of the assignment

The duration of the assignment is an important factor when calculating the cost of an Interim Manager. As a rule, Interim Managers are hired for a specific period of time, which can range from a few weeks to several months or even years. The longer the assignment lasts, the higher the total costs for the Interim Manager.

Complexity of the task

The complexity of the task also has an influence on the cost of an Interim Manager. The more complex the task, the higher the manager's daily rate usually is. Complex tasks require a higher level of expertise and experience in order to solve them effectively. This can be reflected in higher costs for the Interim Manager.

Comparison with permanent employees

It is important to note that the costs for an Interim Manager often seem higher than for a permanent employee in a comparable position. This is because Interim Managers, due to their expertise and experience, are often able to work faster and more effectively, adding value to the organisation from day one. They are also usually overqualified for their role and can therefore also add value in other areas.