Abraxas agency terms

[tino]

these are their terms for placing permies within an organisation.

check those fackin margins. they can bite me

http://www.abraxas.com/abraxas/index...rmanent_Terms/

The Introduction fee payable to Abraxas by the Client for the Introduction of an Applicant who subsequently accepts an Engagement is calculated by applying the appropriate percentage shown below to the Remuneration the Applicant is entitled to earn during the first 12 months of Engagement by the Client.

Ø 20% where Remuneration is up to £24,999, or

Ø 25% where Remuneration is £25,000 up to £34,999, or

Ø 30% where Remuneration is £35,000 and above.


I dread to think what they take for contractors

[cojak]

Yeah. So?

Abraxus is no different to any other agency out there.

As an ex-HR bod, this is not news, neither is it outrageous.

[tino]

Yeah. So?

Abraxus is no different to any other agency out there.

As an ex-HR bod, this is not news, neither is it outrageous.

30% - wow thats an eye opener then.

didn't realise the margins were that big

[cojak]

There's more work that goes into recruiting than many people realise, particularly for permie positions...

*plonks tin helmet firmly on head, hunkers down for 1st wave of incoming...*

[reformation]

There's more work that goes into recruiting than many people realise, particularly for permie positions...

*plonks tin helmet firmly on head, hunkers down for 1st wave of incoming...*

Well said.

[tino]

There's more work that goes into recruiting than many people realise, particularly for permie positions...

*plonks tin helmet firmly on head, hunkers down for 1st wave of incoming...*

would you mind expanding mate?? I admit to being niave around this

[Bright Spark]

My agency is a preferred supplier and their just taking
11.0% of the gross daily rate fee (£450pd).

I think average is about 15-20% for contractors I guess permanent
is going to be higher.

a few years ago I was doing a contract for a consultantcy through
an agency, and found out the rates when the consutantcy manager
left invoice printouts near the printer.

Client ->Consultantcy (£55ph) -> Agency (£35ph) -> Me (£27ph)

Market rates at the time (97-99) for my skillset was approx £25-30ph so
I guess consultantcies can take an even bigger cut than agencies,
especially with clients who don't know anything about IT market.

[tino]

My agency is a preferred supplier and their just taking
11.0% of the gross daily rate fee (£450pd).

I think average is about 15-20% for contractors I guess permanent
is going to be higher.

a few years ago I was doing a contract for a consultantcy through
an agency, and found out the rates when the consutantcy manager
left invoice printouts near the printer.

Client ->Consultantcy (£55ph) -> Agency (£35ph) -> Me (£27ph)

Market rates at the time (97-99) for my skillset was approx £25-30ph so
I guess consultantcies can take an even bigger cut than agencies,
especially with clients who don't know anything about IT market.

I can understand the margins in contracting as there are invoicing costs and also the risk that the client possibly can't / won't pay and they still have to pay the contractor.

But when posting a permie, they send the cv's to the client, who will interview who they want and then appoint the appropriate candidate and run all payroll inhouse thus ending the agencies envolvement, and paying them "an introducers fee"

This is only my understanding and i may be missing a few "vitals" out

[thunderlizard]

Yes 30% of first year salary is normal. How they keep a straight face when they say "refer a person to us and if he gets a job we generously give you £500 of high street shopping vouchers" is beyond me.

But if the chap stays for a few years and gets a couple of pay rises, it works out at a small %age.

[VectraMan]

When I was in a position of recruiting permies (6 or 7 years back now), the agency cuts were the same as that. No suprise. The cvs we'd get from advertising via other means were all a waste of time, so it was worth it at the time.