Are Interim Managers Really So Expensive?

Are interim managers too expensive?

It’s a common misconception that interim managers come with a high price tag, making them an unaffordable option for many businesses. But is this really the case?

Let’s take a closer look at the costs associated with hiring an interim manager compared to a permanent executive.

The True Costs of a Permanent C-Level Executive

Hiring a permanent executive isn’t just about salary. There are numerous hidden costs associated with bringing on a full-time C-level leader, including:

Social security contributions
Company car and travel expenses
Medical insurance
Relocation packages (including housing, insurance, and children’s schooling)

These additional costs can quickly add up, making a permanent hire far more expensive than initially anticipated.

The Flexibility of Interim Managers

With an interim manager, many of these extra costs disappear. You’re not paying for holiday or sick leave, there’s no relocation package to worry about, and you only pay for the days they work.

Additionally, when the project is over, there are no termination costs, such as redundancy pay or long notice periods.

The Real Value of an Interim Manager

Focused Expertise: Interim managers take on specific projects, focusing on delivering results efficiently
No Long-Term Commitment: You pay for the work done, and once the project is complete, you incur no further costs.
Flexibility: Interim managers offer flexibility, enabling companies to adapt quickly without long-term contracts.

Final Thoughts: Interim Managers Are an Investment, Not an Expense

The costs of an interim manager are often more affordable than hiring a permanent executive when you consider the full picture. More importantly, interim managers offer flexibility, focus, and specialised expertise—qualities that are well worth the investment.

Looking for your next interim management assignment? Upload your CV on our website to get matched with the perfect project or explore articles tailored for interim managers.