Day Rate!

[quackhandle]

Knowledge is power but only if you know how to act on it.

qh

[evilagent]

having done a little calculation - If an agent is taking up to 25% of £400. which is £300 for the contractor.

Example :
In a month (21 days) ,agent is making
£100 x 21days = £2,100

Free easy money just from one contractor . Imagine if they did same for 10 more contractors -That is £21,000/PCM

sweet! i think i want to own a recruitment agency

Good luck with that one!

Your contractor will probably be expecting payment weekly, your client may be on 30 or 60 day credit terms!! You have to bankroll the contractor until the client coughs up! If you factor your invoices, you are giving a hefty percentage of your margin to banks, etc.

You have to trawl through endless CVs from muppets who apply when they clearly don't have the skills. Please allow us to summarily execute these morons!

You have clients who don't actually know what they want, and send you on wild goose chases for candidates they will never take on. Be prepared to get the flak for this.

You have candidates who want to bail out of a gig for the flimsiest of reasons, and trawl forums seeking "permission" to justify this, to absolve themselves of the guilt of being d1cks.

When renewal comes along, candidates play hard-ball for a rise, and your £100 a day for doing nothing becomes £40-50 a day for doing nothing. Your credit risk remains the same. (ie, paying contractors for weeks before you get the client paying their invoice)

Cheers!

Mind you, having a small group of workman-like professionals, who you know know their stuff, and get on with the job, make it worthwhile. (mostly)


PS: it's difficult to give a value of day-rate percentages, as each client / candidate circumstance is unique. But, 15% is good average.
If it s a big client, you might have to settle for 10-12%
If you are getting 20%, you're doing well.
Over that, you are screwing the candidate.

[eek]

When it comes to rates there is only 1 answer its

[flipFlop]

Conversation with a friend. …

Agent pays £300 , found out gig pays agent £400.

Will you rant ? or chill

Can you re-post your question such that it makes sense?

[rurffy]

Can you re-post your question such that it makes sense?

The original post was not French, Spanish, or whatever, it was and still is English ! what you on about mate?

[SueEllen]

The original post was not French, Spanish, or whatever, it was and still is English ! what you on about mate?

The "question" doesn't make sense as it the only question is would you rant or chill after a factual statement.

If you asked "The agent's margin is 25% is that too much?" you would have got better answers.

I've worked through consultancies and their margins i.e. charge to the client is much more. However they still pay me market rate.

If you know the business models of agents with multiple clients and consultancies you know they spend a lot of money (as time is money) on trying to win new business. You are welcome to do this yourself and deal with clients directly.

[northernladuk]

The original post was not French, Spanish, or whatever, it was and still is English ! what you on about mate?

Just flipflop being a stupid troll. This type of comment is all he ever posts.

[flipFlop]

Just flipflop being a stupid troll. This type of comment is all he ever posts.

Is that really true, NorthernLady?

[rurffy]

Is that really true, NorthernLady?

Just went through your posts and it seems all you really do is worry about grammatical error when there isnt any ..

"Its not Mandatory to post comments on here you know.."