Contractors and interim roles - Intelligent People

Our process for contractors

We pride ourselves on being a different kind of agency, always taking a collaborative and ethical approach to recruitment of contractors.

Since 2002, we’ve obsessed about the candidate experience and strive to build strong and lasting relationships with everyone we meet. We are genuine in our brand mission – to connect real talent, either permanent or contract, with high profile brands.

We strive to understating the vision of our candidates and finding a compatible business culture and a role in which they can thrive.

How much do contractors earn?

Contractors can achieve a good day rate. Although rates can appear high, it’s important to consider some of the employment benefits that you’re walking away from – such as life insurance, health cover, income protection insurance etc.

We negotiate day rates on a case-by-case basis, depending on the role, location, your experience, the company, project objective and contract length. As a general rule of thumb, we’d expect the below day rates per discipline:

Product Management CONTRACTOR DAY RATES:

Role	Range: Min	Range: Max
Interim Product Manager	£500	£650
Interim Senior Product Manager	£550	£750
Interim Head of Product	£650	£800
Interim Product Lead	£800	£1000

Marketing CONTRACTOR DAY RATES:

Role	Range: Min	Range: Max
Interim Marketing Manager	£350	£500
Interim Head of Marketing	£500	£800

eCommerce CONTRACTOR DAY RATES:

Role	Range: Min	Range: Max
Interim eCommerce Manager	£350	£500
Interim Head of eCommerce	£600	£800

How do I set myself up for contracting?

The most popular ways to set up your contracting business are:

1. Becoming a sole trader, where you are a self-employed person who is the sole owner of the business
2. Setting up a limited company, where you are the director and shareholder, but the business has its own legal identity.
3. An umbrella company, where the company takes the responsibility of admin, payments, invoicing, paperwork etc.

What is IR35?

IR35, also known as off-payroll working, are rules that effect contractors who do not meet HMRC’s definition of ‘self-employment‘.

The rules make sure that workers, who would have been an employee if they were providing their services directly to the client, pay broadly the same Income Tax and National Insurance contributions as employees.

Find out more about IR35.

Contracting considerations

– Ensure you take out Personal Indemnity Insurance to protect yourself against legal costs due to negligence or any compensation claims. Things can go wrong even for the most experienced contractors so it’s important to have this in place for your security

– Take some time to look at your finances and forecast how much work you’ll need throughout the year to meet your needs. Although contractors receive a greater per day rate than employees, there may be periods of time that you are without work.
– Contact an accountant to discover tax implications of becoming a contractor – corporation tax, IR35 and VAT considerations.

Contract / Interim Roles