The search and in-person candidate presentations are free of charge except for travel costs of the interim managers.
Once an interim manager for the project has been selected, the following conditions apply at the start of the assignment.
Remuneration
Agreement on the daily or monthly remuneration is determined by the:
- Complexity and length of the assignment
- Qualifications required of the interim manager
The agreement can include a variable or performance-related component.
Invoicing
- Billing is handled at the end of each month and includes the applicable value-added tax.
Reimbursables
These are passed on directly and calculated on the basis of:
- Actual expenses incurred according to the bill or receipt provided or
- A daily or monthly flat fee
Renewal or cancelation
Options to renew or cancel an assignment are flexible and include:
- Fourteen-day periods
- One-month periods
IMS Interim Management Solutions handles everything related to contracts and reporting.
Comparison of differences: permanent versus interim
| Permanent employment | Interim management | |
|---|---|---|
| Need | long term | short term |
| Legal status | employee | freelancer |
| Contract | unlimited employment contract | temporary service contract |
| Term of notice | long | short |
| Remuneration | salary, staff or management bonus | daily or monthly fee plus value-added tax |
| Additional compensation | employment benefits, vacation/Christmas bonus | none |
| Fringe benefits | car, cell phone, retirement fund | none |
| Paid time off | vacation, illness, healthcare treatment | none |
| Start of work | six months on average | one to two weeks on average |
| Average age | 28-38 years old on average | 38-55 years old on average |
| Ramp-up time | long | short |
| Expertise | "potential counts" | "experience counts" |
Comparison of differences: consulting versus interim
| Consulting | Interim management | |
|---|---|---|
| Need | medium term | short term |
| Legal status | service provider | freelancer |
| Contract | project-based contract | temporary service contract |
| Term of notice | medium | short |
| Remuneration | fixed flat fee | daily or monthly fee plus value-added tax |
| Additional compensation | 20% on top | none |
| Fringe benefits | none | none |
| Paid time off | project-based contract | none |
| Start of work | about one month | one to two weeks on average |
| Average age | 25-30 years old on average | 38-55 years old on average |
| Ramp-up time | short | short |
| Expertise | "projects/methods count" | "experience counts" |
IXPA – International Executive Provider Alliance
