Originally posted by northernladuk
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Are recruitment agency fees excessive?
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Down with racism. Long live miscegenation! -
Originally posted by WTFH View PostHow do you know the client is paying £750 a day for you?
And does that include VAT?
Also, if you've been at a client for 5 years, you're not really a contractor, you're firmly inside IR35 and should be PAYE.
We had a new boss start and he was struggling to approve my timesheet on the one system and shared the screen, probably didn't realise that I shouldn't see that rate.
As for vat I used to get the vat when outside but now I am inside no vat.
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Originally posted by IR35equalshateoflittleguy View Post
I started out 2 years outside doing a project, then switched to inside and since then been inside.
We had a new boss start and he was struggling to approve my timesheet on the one system and shared the screen, probably didn't realise that I shouldn't see that rate.
As for vat I used to get the vat when outside but now I am inside no vat.merely at clientco for the entertainmentComment
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Originally posted by eek View Post
Vat is something you collect on behalf of HMRC, it’s not your money and you really shouldn’t care about it.
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Originally posted by eek View Post
Um you did
They haven’t answered that one.…Maybe we ain’t that young anymoreComment
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Hasn’t somebody said it already?
It really doesn’t matter what the agent gets, what matters is that you get what you think you are worth.
If you’re not happy just move or find a way to go direct.
Also check the market to find out the rate range for your skills.Comment
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Originally posted by CheeseSlice View PostHasn’t somebody said it already?
It really doesn’t matter what the agent gets, what matters is that you get what you think you are worth.
If you’re not happy just move or find a way to go direct.
Also check the market to find out the rate range for your skills.
I was chatting to a recruiter over xmas drinks recently and he said his previous firm had doubled their commission rate from 15% to 30% for contractors in 2021. It's a slightly different model as that particular firm tends to supply small teams of very experienced contractors (associates) as part of consulting assignments where day rates are around £900-£1200 typically. I know several contractors who work for this recruiter and none are complaining about their pay or the margin.Comment
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Originally posted by edison View Post
The recruitment market is exactly that - a market, with buyers (hundreds or even thousands of agencies) and sellers (many thousands of contractors.)‘His body, his mind and his soul are his capital, and his task in life is to invest it favourably to make a profit of himself.’ (Erich Fromm, ‘The Sane Society’, Routledge, 1991, p.138)Comment
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Originally posted by IR35equalshateoflittleguy View Post
I started out 2 years outside doing a project, then switched to inside and since then been inside.
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