Your day rate as a contractor can vary depending on a number of factors. Firstly, supply and demand in the market does have an impact and we can experience surges and decreases in rates for certain skill sets depending on the time of year, timeframes and general market conditions. If there is a particularly sought after skill set and the candidate market is small (and tightening), businesses are typically willing to pay more to secure the right contractor. Additionally, if a client requires a quick turn around and needs someone to start as soon as possible then this can push the day rate up. Annual cyclical processes such as. salary reviews and year end for interim reward professionals can also dictate the price point for quality interims. To work out your rough market rate, most contractors simply divide their total compensation (including benefits) by 260 working days a year. However, this doesn’t take into about holiday entitlement and any one-off bonus, LTIPs etc. so we would always advise speaking to an experienced interim recruiter to give you their insights on where to pitch yourself in the market. Speak to a member of the interim team if you need additional information.