Interim marketing managers are taking a pay cut of 6 per cent as the economic climate worsens.
Since June 2008 the daily rate has fallen from £561 a day to £527 in December 2008, according to research carried out by recruitment agency, Russam GMS.
The survey also reveals an 11 per cent drop in the amount of work available. Of the 1000 respondents, part-time interim marketers are being worst hit with pay improving slightly for full-time workers.
Age is also a factor, with marketers in their 40s and 50s more likely to fill a position than younger professionals and those in their 60s.
This is the first slowdown recorded by the firm, which began its Snapshot survey in 2000.
Charles Russam chairman of Russam GMS says up until June 2008 there was a glut of marketing vacancies but the demand has significantly decreased. “There was a time when there was too much work around. Demand outstripped supply, but that has all stopped now.”
Russam predicts that over the next few months demand will continue to fall but he remains optimistic that there is still work available. He claims: “A good interim marketing manager can still snap up a job really quickly”.