Day Rate Calculator
If you are thinking of becoming an interim or freelancer, you will need to determine your day rate. Professional interim managers and freelancers are normally paid through their own limited company or via an umbrella company.
Typically, an interim or freelancer will work a maximum of 220 days a year and will only be paid for those days they work; therefore they are not entitled to holiday or sick pay or any other benefit entitlements.
Our calculations are based on a formula that is widely used within Interim Management. VMA Group accepts no liability or responsibility for any loss or damage in any way arising from its use. The calculation is based on annual salary plus 30% (to cover additional benefits) divided by 220 (which is a typical number of days worked taking into account holidays and 'down time' between assignments)
For more information or advice on daily rates or becoming a Limited Company, please contact Vicki Jay:
Head of Interim Management
T: +44 (0) 20 7436 4243
Additional Reading:
You may want to read Vicki Jay's article, "Anatony of an Interim Manager", disecting the chararcteristics of an interim manager.
Calculator
Enter your current salary below to determine your daily rate: