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Welcome to Arrow Management Associates Limited - Fees

What are the financial benefits of using Arrow Management Associates Limited?

Different sources suggest that the full cost of employing someone is approximately between 40% and 100%, plus the salary itself. This accounts for holiday/sick pay, Bank Holidays, National Insurance and pension contributions, bonuses and other benefits such as company cars, private medical insurance, phones, computers and expenses. This means an employee on a salary of £30,000 plus a £5,000 bonus is costing a company closer to £61,000. On a skilled senior manager basis, the link below demonstrates the key components and ‘hidden costs’ in employing a manager on £65,000 p.a. plus £15,000 bonus. The bottom line is that the employee is actually costing the company more in the region of £131,000.

Please click here to view our Cost of Employment Calculator link

When using an interim manager your business is exempt from the many costs involved in recruiting a permanent employee. This can substantially reduce the traditionally start-up, on-going costs and risk to a business. There are no company cars or benefits to supply and no share or pension schemes to manage. IMs are flexible and they can work full time or part time and their contract can be lengthened to meet the demands of your business with no hidden penalties. 

Fees

Arrow Management Associates Limited charges a daily or hourly rate depending on your needs and the scope of the project, plus travel costs. Any accommodation expenses are charged at cost. The same rate per day applies for events such as training conferences and is used rather than a charge per head, making the day more cost effective for you. Any accommodation needs or travel outside of the U.K. can either be arranged by you or by Arrow Management Associates Limited and will be charged at cost. Travel days are usually charged at 50% of the day rate. Arrow Management Associates Limited uses up-to-date technology to ensure that working and communications on a client’s project or tasks can be achieved whilst travelling in order to optimise working hours. All interim managers hold personal liability insurance cover for your peace of mind and their own.