I get contacted by Indian recruitment firms for London based FS roles all the time. The conversation always goes something like this:
Agent: I have a contract with a prestigious client in London for 6 months. Tell me, what would be your day rate for this assignment?
Me: I'd have to know more about it.
Agent: As I say, it is a BA role for a prestigious banking client in London. What would be your day rate for this assignment?
Me: I tell you what, why not send me spec and if it's my sort of thing I'll let you know and also what my rate would be.
Agent: I will send you a specification when I have it but what is your rate?
Me: Well I can't tell you until I see the role. I don't even know if my background is suitable since you haven't even given me a single detail.
[Sometimes this can get to the point where I just hang up on them
Half the time after that, a spec isn't forthcoming and on the off-chance that one is and I'm interested the rate is pitched at 25-30% below what you would expect from a non-Indian agency.
Of course sometimes I've been between roles so you do what you must, only for the £450/d initially agreed to suddenly get dropped to £400 when the client shows interest. I also strongly suspect that the agent is either a) trying to gauge the market rate and/or b) trying to get you to "apply" but not submit you so their favoured (i.e. cheaper) candidates are the only ones the client gets face time with.
Contacts at end clients say that contractors through these firms (who are always recruiting for on-site 'consultancies)' say the following:
1) The contractors are whipped like Tennessee cotton pickers
2) There is always downward pressure on rates at renewal time. Rate risers are unheard of.
3) Contractors are used to train their permies so you can be shown the door.
4) Forget any kind of work flexibility like early finishes a few days a week to pick your kid up from day care or WFH. Trust in the contractor is rock bottom. SDC is very high.
Conversations I've had with specialist UK recruiters in the same space echo those points.
My opinion - sometimes we do what we must, but given the choice I'd steer a wide berth.
Agent: I have a contract with a prestigious client in London for 6 months. Tell me, what would be your day rate for this assignment?
Me: I'd have to know more about it.
Agent: As I say, it is a BA role for a prestigious banking client in London. What would be your day rate for this assignment?
Me: I tell you what, why not send me spec and if it's my sort of thing I'll let you know and also what my rate would be.
Agent: I will send you a specification when I have it but what is your rate?
Me: Well I can't tell you until I see the role. I don't even know if my background is suitable since you haven't even given me a single detail.
[Sometimes this can get to the point where I just hang up on them
Half the time after that, a spec isn't forthcoming and on the off-chance that one is and I'm interested the rate is pitched at 25-30% below what you would expect from a non-Indian agency.
Of course sometimes I've been between roles so you do what you must, only for the £450/d initially agreed to suddenly get dropped to £400 when the client shows interest. I also strongly suspect that the agent is either a) trying to gauge the market rate and/or b) trying to get you to "apply" but not submit you so their favoured (i.e. cheaper) candidates are the only ones the client gets face time with.
Contacts at end clients say that contractors through these firms (who are always recruiting for on-site 'consultancies)' say the following:
1) The contractors are whipped like Tennessee cotton pickers
2) There is always downward pressure on rates at renewal time. Rate risers are unheard of.
3) Contractors are used to train their permies so you can be shown the door.
4) Forget any kind of work flexibility like early finishes a few days a week to pick your kid up from day care or WFH. Trust in the contractor is rock bottom. SDC is very high.
Conversations I've had with specialist UK recruiters in the same space echo those points.
My opinion - sometimes we do what we must, but given the choice I'd steer a wide berth.
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