If you are new to interim management click here to receive a copy of our “Getting started guide”.
Interim managers work on a self employed basis on a fixed term contract with a client. The type of work varies according to the client’s requirements, and the interim’s experience and capability. Interims differ from consultants in that they take real responsibility for the assignment. They do not just advise, they do! It may be that the client has a special project that needs managing, or maybe has a management gap that needs filling urgently. The nature of the assignment needs to be specified in the contract.
Anywhere in the UK, and potentially worldwide. Often the nature of the assignment dictates that all the work is carried out at the clients’ site. It is usual for interims to be flexible in where they work often travelling back home at weekends. They do not permanently relocate. It is preferable, as it helps to maintain the self employed status, if some work can be done off site, at your own business premises (or home office). The contract should make provision for this.
Interim managers are usually ‘sensibly overqualified’ for the assignment, so they will have attained a fairly senior position in their career. They will usually operate as an interim at a level or two below the most senior position achieved in ‘permanent’ employment.
A fixed daily rate for the duration of the contract, which usually includes an element for expenses. Interims do not go onto the client’s payroll and this brings many savings to the client which need to be reflected in the daily rate. Interims are ‘sensibly overqualified’, have a proven track record and will be able to make an immediate impact, without the usual honeymoon / induction period. Client costs are saved such as national insurance, holidays, sickness, training, administration, company cars, pensions and other benefits. Also, there are no ‘exit’ costs at the end of the assignment and interims are usually available immediately.
- You will be working on a self employed basis – you will need to invoice the client company directly for your services. We recommend you invoice weekly, with payment within 7 days. You will be responsible for your own tax and National Insurance. You will only get paid for the days you work and the client company will not have any extra costs such as NI, holidays, sick pay etc. We can help you with an invoice format if required.
- It is your responsibility to ensure an interim management service contract is signed. We can help in this area – we have an example contract which we can forward if required.
- It is strongly recommended that if you are offered an assignment you seek the advice of an experienced accountant familiar with self-employed contractors and IR35. You need to ensure that you fall outside the scope of IR35.
- Expenses for interview meetings with clients are not normally paid for interim assignments.
- If the contract is extended the client (or yourself) may want to renegotiate daily rate. Jarvis Johnson can assist with this if required. If a new rate is agreed please communicate this to Jarvis Johnson.
- After your details have been submitted for an assignment, our contract with the client states that if you are engaged by them, or by other companies with the same group, Jarvis Johnson is due a fee. This applies for 6 months from the introduction and if you are successful 6 months from the end of your engagement. This covers both interim and permanent opportunities. If you are asked to go back to work for a client at the same or another site within this period, or are made a permanent offer by the group at any point, it is your responsibility to make Jarvis Johnson aware of this. Please be aware that it is not unknown for companies to try to reduce their costs by approaching candidates directly – if this happens then please deflect the approach – things could get very messy!
- Please keep all details of potential assignments confidential.
- Please inform us of any actual or imminent change to your circumstances. This is especially important when we are working with you on a potential assignment, for instance if you have other things on the go, we need to know so we can keep the client informed, it can also help speed your application through.
- We will never put your details forward for an assignment without talking to you first and we will ask you if you have been approached about the assignment by another agency. We will only proceed on the basis that you have not been approached and are happy for us to put you forward. It is not unknown for agencies to submit your details to clients without talking to you first. You then receive a call from the agency along the lines of ‘we’ve got you an interview’ or ‘ we are handling this vacancy’. If this happens please inform them that you are already going in through Jarvis Johnson and call us immediately, or, again things could get very messy.
- We are here to help you, please call us on 0844 335 1869 if you want further information on any of these matters.
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