Umbrella company freelance managers have a vital role to play in encouraging small business growth and profitability, according to Doug Baird, the MD of Interim Partners.
In addition to helping business development, interims also leave behind a long-lasting legacy for permanent staff that learn so much from them. The beauty of interim managers is their ability to quickly integrate into a new business culture and identify low-risk opportunities to enhance profitability. These are skills that senior executives that have spent many years in the same company do not always possess.
Interim Partners also reports that senior managers are prepared to see their pay reduce by up to 50% in order to secure a role at an SME. The average daily pay in a FTSE 350 company is £757 but managers would accept £350 a day if a suitable role was available in an SME. 31% of interims would prefer their next position to be with an SME, whilst for 20%, a FTSE-100 company would the organisation of choice.
9 out of 10 interims would also be happy to accept some of their payment on a performance related basis. Of those, 82% said they were willing to accept over 10% of their fee based on performance, while 39% said that more than 20% would be acceptable.
Last week, the PCG published the results of recent research showing that 73% of business leaders expect to either increase the number of contractors in their organisation next year, or at the very least hire the same amount as they did this year. According to the PCG’s MD, John Brazier, businesses now realise that the skills and flexibility available in the freelance marketplace are essential to business growth.
© 2010 All rights reserved. Reproduction in whole or in part without permission is prohibited.
Image: Flower Of Bananas by left-hand
