Navigating interim hiring: day rate vs. fixed-term contracts

Author Robyn Bergmann
March 12, 2025

In recent conversations with finance leaders, a recurring question has appeared: is a day rate or a fixed-term contract (FTC) the better option for interim hiring?

The answer depends on your business’s specific needs and the nature of the role you are looking to fill. Below, we’ll examine the advantages and considerations of both models to help you make an informed decision.

Day rate structure

A day rate structure is ideal for short-term projects or specific deliverables where flexibility is paramount. This model allows businesses to bring in highly skilled professionals on an as-needed basis. Some of the key benefits include:

Professional development and networking

  • No long-term commitment: one of the primary advantages of a day rate structure is the ability to scale up or down as needed. This flexibility is particularly useful for businesses experiencing fluctuations in workload or those undertaking short-term projects that require specialised skills
  • Access to specialists: day rate arrangements attract highly skilled specialists who can provide targeted expertise. These professionals often have experience in their fields and can deliver high-quality work within a short timeframe
  • Cost efficiency for short engagements: with a day rate structure, you only pay for the days worked. This can be more cost-effective for short-term projects compared to a fixed-term contract, as it cuts the need for a long-term financial commitment
  • Readily available candidates: the interim talent pool for day rate engagements is often readily available, allowing for a swift recruitment process. This can be crucial when projects need to start immediately

Recent day rate placements:

  • Legal entity rationalisation project | FTSE 100 (Manufacturing)
  • Senior Manager, Business Partnering | FTSE 100 (Engineering)
  • Interim Group Financial Controller | Manufacturing
  • Group Reporting Accountant | Technology (support whilst hiring permanent hire)
  • Project Finance Manager | Private equity backed telecoms infrastructure
  • Interim Finance Director | Financial services
  • Interim Workday Finance Consultant | Private equity backed energy company

These examples illustrate the diverse range of projects and roles that can benefit from a day rate structure. From rationalizing legal entities in a manufacturing company to supporting finance systems in an energy firm, day rate professionals can provide the necessary expertise and flexibility.

Fixed term contracts

For longer-term interim hires, an FTC provides a more structured arrangement. This model is suitable for roles that require continuity, stability, and a deeper integration into the business. The advantages include:

  • Continuity and stability: an FTC ensures consistency in leadership and operations. This is particularly important for roles that involve managing teams, driving strategic initiatives, or supporting ongoing projects. The stability offered by an FTC can lead to better outcomes and a more cohesive work environment.
  • Greater business integration: professionals on fixed-term contracts tend to become more integrated into the business culture and operations. They can build stronger relationships with team members, understand the company’s long-term goals, and contribute more effectively to strategic initiatives.
  • Attractive to candidates: an FTC is appealing to candidates seeking longer engagements. This can widen the available talent pool and attract professionals who might not be interested in short-term, day rate arrangements. Candidates looking for stability and a clear time limit for their engagement are more likely to consider FTC roles.

Recent FTC placements:

  • Group Accountant | FTSE 250 (Supply Chain)
  • Group FP&A Manager | FTSE 250 (Logistics)
  • Financial Controller | PE Backed Retail
  • Senior Reporting Accountant

These FTC placements highlight the types of roles where longer-term stability and deeper business integration are critical. Whether it’s overseeing group accounting in a supply chain company or managing financial planning and analysis in a logistics firm, an FTC can provide the necessary structure and continuity.

How Brewer Morris can help you find your next interim hire

Choosing between a day rate and a fixed-term contract depends on your specific needs and the nature of the role. If you need short-term, flexible expertise for specific projects, a day rate is the way to go. However, if you need stable leadership and greater integration into your business, an FTC is more suitable.

If you’re weighing these options, please contact us to discuss your specific needs and help determine the best approach.

Alternatively, if you are an interim professional looking for a new opportunity, check out our latest interim roles.  

Jobs

  • Professional services

Tax Manager, Private Business

The Company We’re working with a leading professional services firm that partners with privately owned businesses, high-net-worth individuals, families, and private equity-backed companies. Known for its collaborative culture and innovative approach, this organization helps clients navigate complex tax landscapes with confidence and clarity. The Role We’re seeking an experienced Tax Manager to join a dynamic […]
  • Salary GBP65000 – GBP80000 per annum
  • Posted Posted 4 days ago

Read more
  • Professional services

Transfer Pricing Assistant Manager

Transfer Pricing Assistant Manager Location: London, UK Firm: Top 10 International Advisory Firm Are you ready to take your career to the next level in a firm that’s growing rapidly and attracting high-calibre clients? Our client, a leading Top 10 international advisory firm, is seeking a Transfer Pricing Assistant Manager to join their thriving London […]
  • Posted Posted 4 days ago

Read more
  • Professional services

Corporate International Tax Manager

Location: London, UK Firm: US-Headquartered Advisory Firm Are you an experienced tax professional looking to accelerate your career in a dynamic, entrepreneurial environment? Our client, a leading US-headquartered advisory firm, is seeking a Corporate International Tax Manager to join their expanding UK team. About the Role As a Manager in the Corporate International Tax team, […]
  • Posted Posted 4 days ago

Read more
  • Professional services

Corporate International Tax Assistant Manager

Location: London, UK Firm: US-Headquartered Advisory Firm Are you ready to take the next step in your tax career with a global advisory firm that values innovation, collaboration, and entrepreneurial thinking? Our client, a leading US-headquartered advisory firm, is seeking a Corporate International Tax Assistant Manager to join their growing UK team. About the Role […]
  • Salary Up to GBP64000 per annum
  • Posted Posted 4 days ago

Read more
  • Professional services

Tax Senior Manager (AI Driven Challenger)

This Global Award-Winning Accountancy firm (Top 10 Corporate Tax Practice in the US) with AI in its DNA and rapidly growing out its UK presence, is seeking to bring in a Senior Manager to join their client centric and innovative UK tax practice. With AI shaping efficiency and driving the client value proposition, and an […]
  • Posted Posted 5 days ago

Read more
  • Professional services

Tax Associate Director (AI driven challenger firm)

This Global Award-Winning Accountancy firm (Top 10 Corporate Tax Practice in the US) with AI in its DNA and rapidly growing out its UK presence, is seeking to bring in an Associate Director to join their client centric and innovative UK tax practice. With AI shaping efficiency and driving the client value proposition, and an […]
  • Posted Posted 5 days ago

Read more

Featured Content

See all career advice
Benefits of hiring a Head of Tax

The benefits of hiring a Head of Tax and Treasury

  • Posted November 13, 2025
We’ve already discussed the benefits of hiring a Head of Tax for your start-up, but when should you hire a Head of Tax and Treasury? Organisations are increasingly recognising the importance of sound financial management to ensure long-term success and stability. One of the critical roles that have emerged to meet these demands is that […]
New York or Florida: where to tax your tax career

New York vs. Florida: where to take your tax career

  • Posted November 12, 2025
When it comes to pursuing a career in tax, two states often rise to the top of the list: New York and Florida. Each offers unique opportunities, challenges, and lifestyle considerations for tax professionals. Whether you’re a fresh graduate or an experienced tax accountant looking for a change, understanding the nuances of these two states […]
Three professionals share a light-hearted moment during a collaborative meeting, showcasing teamwork and a positive workplace atmosphere in a modern office environment.

Why now is a great time to move back to practice from in-house as a tax professional

  • Posted October 28, 2025
In the ever-evolving world of tax, career paths are rarely linear. Many professionals move between practice and in-house roles throughout their careers, each offering distinct advantages. However, a noticeable shift is occurring: a growing number of tax professionals are returning to practice after years in-house. And for good reason. Whether you’re seeking intellectual stimulation, broader […]

Does your start-up need a Head of Tax?

  • Posted October 28, 2025
As a new business navigating the complexities of growth, your focus is likely on product development, market penetration, and scaling operations. However, an often-overlooked aspect of growth is tax strategy, financial reporting, and choosing the right business structure. For many small businesses, especially those anticipating rapid expansion or considering investment, the question arises: does your […]

Should you hire a fractional or interim Head of Tax?

  • Posted October 28, 2025
We’ve already discussed why you should consider hiring a permanent Head of Tax for your start-up, but as an alternative, could your business benefit from hiring a fractional CFO-style tax leader or an interim executive? If your organization is navigating complex tax challenges but isn’t ready for a full-time executive, a fractional or interim Head […]