Day rates for interim managers continue to climb, but demand is leveling out.

A new study by interim management recruiter, Russam GMS, found the average day rate increased from £603 to £612 between June and December 2008. 

Charles Russam, chairman of interim management recruiter Russam GMS, told Recruiter:

“Permanent recruitment has almost come to a stop in the sector. At the moment interim levels are holding, but a lot of contracts are beginning to run out and we don’t yet know if they will be renewed.” 

The study recorded an 11% drop in interim management volumes, the first slowdown recorded since the survey started in 2000. 

Doug Baird, managing director of Interim Partners, told Recruiterdemand had remained consistent over the last six months, adding: “We haven’t seen any downward pressure on margins so far.” 

For further analysis, see the next edition of Recruiter, 18 February.