IM proves to be a high value-for-money solution for your business
|
Interim management is a perfect alternative for the classic recruitment and should be considered as the ideal way to solve any organisational issue in a changing environment. |
In the actual market situation, companies rather choose not to recruit additional manpower and to postpone new projects for “better times to come”. However, this can result in a loss of market share, business opportunities... Interim management is the solution to overcome this.
The cost of an interim manager is often considered expensive when compared to an employees cost, and thus to be avoided as a solution to the above, in the actual times of cost cutting and savings. Nevertheless, interim management has some strong arguments in favour.
As an interim manager is most of the time overqualified through experience, he brings a lot of added value and he generates faster results with a positive impact on the profit and loss of your company.
Even more, the interim manager must prove himself every day with the highest quality of work and development, and his fee is for more than a 9-to-5-job.
With his wide experience, independency and personal competences, the interim manager brings a high added value, makes your organisation change where necessary, and delivers efficient results at a short times notice. Also keep in mind his high flexibility and the easy way to calculate your budget (days x fee = ALL IN).
And, last but not least, calculating all costs, the below example for a mid-sized company shows that interim management is less expensive than you think:
|
Example: In a salary compass on the internet an employee in the service sector, 25 years employed, function of manager, earns a salary of 7.500 € and following benefits: |
Per year |
|
Monthly salary: 7.500 |
90.000 |
|
Holiday pay |
7.125 |
|
Year end’s pay |
7.500 |
|
Bonus (15% of years' salary) |
14.569 |
|
Car + fuel card |
10.800 |
|
Social security |
45.069 |
|
Group insurance |
6.278 |
|
Meal vouchers |
1.080 |
|
Telephone |
180 |
|
Cost proper to employer |
2.400 |
|
Entry fee (3 months depreciated over 3 years) |
7.500 |
|
Probability of firing: 50% after 5 years with a 5 months' notice = social passive per year |
5.960 |
|
Other costs (accident insurance, health service, salary administration, canteen, laptop, internet) |
900 |
|
TOTAL ANNUAL EMPLOYMENT COST |
199.350 |
