Interim executives have got the right idea. Work for a fixed duration, then take a break. Find another short contract and repeat. Of course, that's not what all interim executives do, but it's one of the options interims have and those of us on permanent contracts do not.

Many people might think not knowing when and from where the next assignment is coming is a frightening concept, but plenty find it suits their lifestyle much more than the usual nine to five. Taking shorter jobs means that time can be spent on other projects, travelling or contributing to an independent enterprise.

How many working parents would like to be employed on a term-time only contract? Thousands, no doubt. In reality, not so many are lucky enough to be contracted on this basis, meaning that they need to juggle grandparents and holiday clubs to ensure children are being looked after during the school holidays. Interims can make sure they are free during that time.  

It's a well-known fact that interim executives can command a pretty decent salary, there's another advantage. Many find that career progression is achieved much faster by taking this route and that access to levels otherwise more difficult to penetrate, i.e. the board, is granted much more readily.

Interims have skills and experience that a business requires, that is why they are sought out and paid handsomely. Having something that a business wants but doesn't have means an interim is much better placed to negotiate the terms of their assignment and compensation, from contract length to benefits. There aren't many permanent employees that can claim the same.

The interim executive, over time, has probably built up a strong and enviable network of contacts who, in quiet periods, can be called upon to promote their colleague: "I know someone who did that at Suchandsuch and they'd be great here." All the references in the world can't go anywhere near the power of word of mouth endorsement at executive level.

Ultimately, taking an interim executive role can be the best work/life decision you'll ever make.