Difference Between Interim and Fixed Term Contracts

Difference Image
INTERIM FIXED TERM CONTRACT
FREQUENCY OF CANDIDATE PAYMENT Hourly or daily rate Monthly, based on a permanent equivalent basic salary
HOW IS THE CANDIDATE PAID? Through the agency via a timesheet system Paid through client payroll
LENGTH OF ASSIGNMENT 1 to 5 months with likelihood of extension 6+ months
NOTICE PERIOD 1 week 1 month
CIRCUMSTANCES
  • Project work
  • Headcount restrictions
  • Restructurings
  • Sabbaticals/Annual leave
  • Increase in work-flow
  • Permanent hiring periods
  • Sudden departure
  • Sick leave
  • Seasonal peaks
  • Staff shortage
  • Maternity/Paternity leave
  • Long term project work with a definite time period

* Please note that the table above is based on the industry standard, however some aspects may vary slightly, depending on circumstances or company policies.