How is the salary of an interim manager determined?

Interim management is a common practice in companies to deal with periods of change or crisis management , such as mergers, restructuring, or the departure of senior executives. Interim managers are experienced and qualified professionals, who bring their expertise and leadership to manage these situations on a temporary basis, before the company finds a longer-term solution.

The salary of an interim manager is an important aspect to consider, as it must be competitive to attract the best talent, while being fair and justified in relation to the skills and responsibilities of the position.

If you’re an interim manager , you’re probably aware of the many benefits this type of job can offer. Not only can you work on a variety of challenging projects, but you can also enjoy a high salary and lots of benefits. However, it is important to understand how your salary is calculated to ensure that you are paid fairly.

What type of contract for an interim manager?

Interim managers can be hired under different types of contracts, which can have an impact on their salary and working conditions. Here are the main contract types for interim managers:

• The salaried contract is the most common for interim managers. In this case, the manager is hired directly by the company and is compensated in the form of salary, with benefits such as health insurance and paid holidays. This type of contract offers great stability and financial security for the interim manager, as well as a closer working relationship with the company.
• Hiring an interim manager is another option. In this case, the manager is employed by an interim agency and is seconded to the company for a fixed period. This type of contract is often used for short-term assignments and offers great flexibility for the company, which can quickly end the assignment once it is completed. However, the interim manager may not benefit from employee benefits and may have a less close working relationship with the company.
• The freelancer is another choice for interim managers. In this case, the manager is considered as a service provider and is remunerated in fees. This type of contract offers great freedom and flexibility for the interim manager, who can choose their missions and set their own rates. However, it may be more difficult for the company to manage and supervise the work of the interim manager, and the latter does not benefit from the social benefits offered to employees.
• Finally, wage sub-portage is an interesting alternative for interim managers who wish to work as self-employed while benefiting from the security of an employee contract. In this case, the interim manager works as a service provider for a wage portage company, which manages the invoicing and payment of fees and offers social benefits similar to those of an employee contract. However, the cost of this type of contract may be higher for the company.

The choice of the type of contract will depend on several factors, such as the duration of the mission, the available budget, the nature of the mission and the social benefits offered. It is important to note that interim managers are often paid a daily rate, which can vary significantly depending on their level of expertise, qualification and work experience.

How does invoicing work for interim managers?

When an interim manager is hired for a project, they are often billed at an hourly rate . This rate can vary depending on many factors, such as the experience of the manager, the complexity of the project and the length of the mandate. In general, interim managers charge between 800 and 1500 euros per day .

It is important to note that the invoicing does not correspond directly to the salary of the interim manager. Indeed, the interim manager is considered to be an independent worker , which means that he must manage his own accounts and pay his own social and tax charges . Thus, the net salary of the interim manager will be lower than the amount invoiced.

Interim manager salary: how much does he earn?

In general, interim managers are paid more than permanent managers, because they must be ready to commit to temporary assignments and to work in situations of crisis or change.

According to a survey, the average salary of an interim manager in France is around 100,000 euros gross per year. However, this salary range may vary depending on the industry. Interim managers working in sectors such as finance, banking, or pharmaceuticals can expect higher salaries than those working in sectors such as agribusiness or retail.

Interim managers can also negotiate their salary based on their experience and expertise. Managers with longer experience and more specialized expertise may demand a higher salary, while junior or less experienced managers may be willing to accept a lower salary to gain experience. It is also possible to negotiate other benefits, such as bonuses or severance pay.

Finally, it’s important to note that interim managers are often paid by the day , rather than by the hour or month. The daily rate can vary according to the mission and the responsibilities of the interim manager, but it is generally between 800 and 2000 euros per day. According to data from the Association pour l’Emploi des Cadres (APEC), interim managers can expect to earn on average between €75,000 and €120,000 per year in France .

How to calculate the salary of an interim manager?

An interim manager’s salary depends on many factors, such as experience, education, length of tenure, complexity of the project, and hourly rate charged. In general, the salary of an interim manager is between 60,000 and 150,000 euros per year .

It is important to note that an interim manager’s salary can vary greatly depending on their industry. Indeed, some sectors offer higher salaries than others. For example, interim managers working in the finance sector can expect a higher salary than those working in the construction sector.

Why and how to become an interim manager?

Becoming an interim manager can be an attractive option for experienced senior managers who wish to exercise their skills in contexts of change or crisis. Interim management assignments offer the opportunity to work on stimulating and varied projects, in different sectors of activity and with teams that are often highly qualified.

To become an interim manager, it is generally necessary to demonstrate solid professional experience and management skills, as well as an ability to work in complex environments and solve problems quickly. Interim managers may come from different industries, but must be able to adapt quickly to different environments and corporate cultures.

For more details on the job of interim manager, we invite you to read our article: Becoming an interim manager: everything you need to know

Why choose us ?

Founded in 2012, Reactive Executive is a leader in interim management.

Faced with an increasingly complex economic system, we are aware that companies have to deal with substantial changes, sometimes in very unexpected ways.

In this context, companies increasingly need specialized expertise over a given period, to carry out a complex project, strictly defined in time.

This is why our mode of operation guarantees you a reactive response adapted to your situation.

For this, we rely on a solid network of more than two thousand experienced executives, and on a strong international vocation: Reactive Executive is in fact established in eight countries.

We can intervene for a wide variety of positions:

• General or financial management
• Human ressources
• Management of an industrial department
• Purchasing Department
• supply chain
• Information system

Our interim managers can intervene in a wide variety of business sectors, such as:

• Industry
• Chemistry / health / pharmacy
• Investment funds / finance
• Distribution / FMCG
• Services

We are careful to put you in contact with an interim manager profile whose experience will be adapted to your request. Our executives are even oversized for the missions that we entrust to them and systematically justify a comparable experience. We adapt our connection to your situation in an ultra-personalized way.

Agile, our firm has the capacity to respond in less than 48 hours to an emergency situation.

We operate in the following locations in France:

• Interim Management Lyon
• Interim Manager in Nantes
• Interim Manager in Marseille
• Interim Management Nice
• Interim Management Firm in Lille
• Interim Management Firm in Toulouse
• Interim Management in Montpellier
• Interim Management in Bordeaux
• Interim Management in Strasbourg

Conclusion

In summary, an interim manager’s salary depends on many factors, such as their experience, length of tenure, and complexity of the project. Although often billed at an hourly rate, the interim manager’s net salary will be less than the amount billed due to social and tax charges. To negotiate