What does it cost?
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With commitment and forward planning, MDS Ltd membership has been proven to be virtually self-financing. The most successful companies have top-level support, from the chief executive down, without which it may not work so well. The programme spreads the cost and the risk, while requiring a serious approach to induction, training and appraisal during each secondment, to ensure both trainee and member company gets maximum benefit.

Outline summary of costs:

  • Joining fee is £500
  • Annual subscription is £2,500
  • Secondment fees are charged monthly, in advance, at the daily rate of £116 (1st year trainees) or £126 (2nd year trainees), according to the number of working days in a month
  • Transfer/recruitment fee payable of £2,000 when a member recruits a trainee as they complete the two-year programme

MDS is responsible for:

  • Salary
  • 1st year currently £19,000, 2nd year currently £20,250
  • Employment costs
  • Legitimate travel expenses
  • Training costs, including accommodation

The trainee is responsible for:

  • Their own day-to-day accommodation costs

The member company is responsible for:

  • Any travel or expenses involved in fulfilling the responsibilities of each secondment
  • Special allowance if accommodation costs are unavoidably high eg as in central London
Management Development Services Ltd, The Research Station, Great North Road, Thornhaugh, Peterborough, PE8 6HJ.
Telephone: 01780 781450 • Fax: 01780 781451 • email: info@mds-ltd.co.uk