2 Offers: Modern Tech at a Big Bank vs. Laid-back Fintech Company

[blackeye]

Often the banks do have direct recruiters and they handled by other companies so they still have an agent acting inbetween, however these are on site.

They call these guys RPOs.

Much better to deal with than the cowboys, I have to say.

[MrMarkyMark]

They call these guys RPOs.

Much better to deal with than the cowboys, I have to say.

Didn't amount to anything in the end, but my recent experience with a Resource Solutions guy was very professional.

[ujjain]

The IR35 assessment came back positive, so I have signed the contract at the bank and they are doing a background check on me now. I'd just like to know for the future.

In my experience of "direct" you will end up with the in-house agent, for the bank, whether that be Hyphen, Resource Solutions etc.

Anyway, I thought the OP had the offer on the table.
£750 PD, happy days

Surely they wouldn't get 10-15% for just payrolling services as they haven't done any recruiting?

The direct recruiter says contract was an option and uses an @bankname.com e-mail address, so that's why I wondered if it's an internal recruiter and it could be considered direct. I sent his LinkedIn profile to northernladuk, maybe he knows.

I have been recruited by a recruitment agency at the bank, but now a different recruitment agency is doing the payrolling.

This happened to me before. I worked at Sky and while Recruitment Agency #1 recruited me, the payrolling went via Recruitment Agency #2, Experis.

*Payrolling seems a term for employees, but I don't know what it's called for contractors.

[ujjain]

You won't get more money. The agents at banks start at 11% and that gets reduced as the contract progresses from what I've heard, which means they'll have no margin to pass on to you.

I already agreed to work via the recruitment company, so I'm not going to back out on that.

The PMO doesn't go to via the company that recruited me, so I'm surely had I had contact with the recruiter of the bank directly, that would've leaked less money away to the company doing recruitment and the company doing the payrolling.

I'm just trying to understand. Please do correct me if I'm wrong.

[northernladuk]

*Payrolling seems a term for employees, but I don't know what it's called for contractors.

Learn then? You are a contractor now, not a permie