Rutherford Cross is delighted to support a number of businesses across the Central Belt and the North of Scotland in short and long-term interim assignments. We are often instructed to recruit these roles for several reasons, including maternity cover, system implementation or covering the role whilst recruitment for a permanent process is ongoing, as the notice period for qualified accounts typically sits at three months.
We have a dedicated team of four consultants who solely operate in the interim market and are therefore best placed to assist with these roles, as we have a clear understanding of trends in the market and regularly interact with contractors. So far this year, Rutherford Cross Interim has a 75% job fill hit rate, in part due to the focus and dedication of our team, but this is also a reflection of an increase in candidate availability this year in the interim market.
The interim team has placed over 65 finance candidates this year in roles that have been vital to the ongoing success of our clients during periods of change, either within their finance teams or across the wider business. This daily focus on the senior finance interim market has given us a real understanding of the current landscape of salaries / day rates in the central belt and North of Scotland. Roles include Management Accountant, Financial Accountant, Finance Analyst, Financial Controller, Finance Manager, Head of Finance, Finance System Manager, and Finance Director / CFO.
We are often asked to benchmark salaries for our clients, as the interim rate of pay can often be higher than full-time employees. This is driven by the fact that many contractors bring a high level of skill and experience to a role that can potentially add value that exceeds their daily charge / salary, coupled with not having the security and stability of those who are permanent members of staff. The general rule of thumb is that you should expect to pay between 10-20% more for these individuals. Interim candidates can either be paid a day rate, or enrolled onto the company’s payroll (fixed term contract), which can be agreed upon with the client on a case-by-case basis. To work out which route would be best for you, click here to read a comparison of the two options from our Director of Interim Services, Derek Lauder.
Below we have provided an average of the salaries that we have seen so far in 2024 in our placements to form a guide for salary expectations:
- Interim Management Accountant – £40-55k
- Interim Finance Manager – £50-70k
- Interim Finance Analyst – £40-60k
- Interim Financial Accountant – £50-65k
- Interim Assistant Accountant – £30-40k
- Interim Financial Controller – £60-90k
- Interim Finance Director – £75-125k
These ranges can often be determined by the size of the business and the type of industry that it sits within. If you are keen to learn more, we would be delighted to advise on the cost of potential interim hires, whether it be day rate or salary, whilst also advising on the skills and experience that are available in your local market:
Senior Appointments – [email protected]
East of Scotland – [email protected]
West of Scotland – [email protected] / [email protected]
