Hyphen / Spring (Adecco) Employed Consultants Model (ECM) big rip off ?

[herman_g]

When you are desperate something like this might be better option than on bench. Also we can use this to find next 'real' contract role.

But if all agencies looks at this option as its gives minimum 50% rate as profit, contract roles might disappear soon right.?

That level of desperate applies to a very small number of contractors so the model has quite a limited market.

[kingcook]

That level of desperate applies to a very small number of contractors so the model has quite a limited market.

It also probably applies to a small number of clients too. Who in their right mind would pay £2K/day for a "contractor", when they can get one for £500/day?

[rob s]

It also probably applies to a small number of clients too. Who in their right mind would pay £2K/day for a "contractor", when they can get one for £500/day?

When they have no idea what the market rates are, or what they actually need.

Magic beans.

[Martin2007]

Hyphen ECM says their clients includes :

Lloyds
Cassidian
Aviva
Nokia
Logica
Prudential
Everything Everywhere
Computacenter
Jaguar/Landrover
Legal & General
CapitalOne
National Grid
Sky
HBOS

<mod snip: That kind of speculation is frowned upon Martin.>

[Ignis Fatuus]

Hyphen ECM says their clients includes :

Lloyds
Cassidian
Aviva
Nokia
Logica
Prudential
Everything Everywhere
Computacenter
Jaguar/Landrover
Legal & General
CapitalOne
National Grid
Sky
HBOS

<mod snip: That kind of speculation is frowned upon Martin.>

Good thing we couldn't possibly guess what kind of speculation

[GB9]

Another flurry of these in my in-box, once again being Spring.

Not only do you get salaried, but they define the client site as your place of work and hence don't pay expenses. Now if they were real consultants then they would get the expenses paid. Basically limits the market to local candidates as I don't see how you could take a £45k PAYE salary and work away from home from the income.

Do the clients realise they are getting the bottom of the barrel or do they just not care?

[BolshieBastard]

Another flurry of these in my in-box, once again being Spring.

Not only do you get salaried, but they define the client site as your place of work and hence don't pay expenses. Now if they were real consultants then they would get the expenses paid. Basically limits the market to local candidates as I don't see how you could take a £45k PAYE salary and work away from home from the income.

Do the clients realise they are getting the bottom of the barrel or do they just not care?

The people in HR are generally those a company cannot easily get rid of so, they stick them in the backwater of HR to get them out of the way. These people in turn dont care about the company or business and just want an easy ride.

So, when they get this model put on a plate in front of them, they tend to take it, very few questions asked.

I know one person in HR who spent 10k on stationary in one go when the annual budget was about 8k a year. The company thought this person was 'wonderful' because they'd 'saved' about 3k via the bulk purchase.

The fact they overspent the 'normal' annual budget on stationary by a couple of grand didnt seem to bother them!

[northernladuk]

Do the clients realise they are getting the bottom of the barrel or do they just not care?

Well bearing in mind most are bobbing out as fast as they can I don't think this is an issue to them IMO.

[Edinburgh BA]

Do the clients realise they are getting the bottom of the barrel or do they just not care?

Proof? I take it you can back this up? I'll take a wild stab in the dark here and suggest you probably can't.

There are short term benefits for some by this model. Not least the employee themselves. In areas where the contracting market is flooded, or where local contracting requirements go through quieter periods. Pros and cons for both models. Nothing to stop a savvy individual using this route for a year or so.

And of course, having worked in the field I do for a good twenty years or thereabouts, rest assured, the bottom of the barrel's not restricted to the EC end of the market, but has good coverage across contracting and employed as well.

So no, bottom of the barrel's wide of the mark. Then again, this is the internet, uninformed opinion is the norm.

[cojak]

Proof? I take it you can back this up? I'll take a wild stab in the dark here and suggest you probably can't.

There are short term benefits for some by this model. Not least the employee themselves. In areas where the contracting market is flooded, or where local contracting requirements go through quieter periods. Pros and cons for both models. Nothing to stop a savvy individual using this route for a year or so.

And of course, having worked in the field I do for a good twenty years or thereabouts, rest assured, the bottom of the barrel's not restricted to the EC end of the market, but has good coverage across contracting and employed as well.

So no, bottom of the barrel's wide of the mark. Then again, this is the internet, uninformed opinion is the norm.

Well if it's the only thing on offer and I'd been on the bench for 6 months I might look at it.

But market is picking up and I wouldn't touch Spring/Hyphen with yours.

You fill yet boots if it works for you though.