Can an agency find out what rate you were on previously?

[speling bee]

Not quite sure what you're getting at.

Throughout this site, you and others have been berating Agencies for charging the earth - which I would assume is far in excess of 7% margin.

If I looked at a conservative charge of 12% Margin on £1000 per day contractor the charge to the Client would be £1136.36... meaning a saving of £66.36 per day / £331.82 per week or £15927.36 per year (based on a 48 week year).

Are you saying that a Client would not want to save C£16K per year per contractor if the option was there?

When did I berate agencies for charging the earth?

And your comprehension / maths is wrong.

[Taita]

Who is comparing?

We're stating that we apply a Mark-up rather than Margin... which is much more transparent and easier to calculate; I'm sure you'll agree.

SORRY! Who is comparing??? If anybody has the most basic maths ability then Mark-up is as easy to calculate as Margin.

However, when you quote your competitors' margins against your mark-up you are quoting a greater figure in opposition to your lower figure........so no comparison arises but you do muddy the waters which I think is as unnecessary (in view of the big difference) as it is deliberately misleading.

An 18% margin is around a 21.3% mark-up but that does not look too good in an advert. But, Hey, Good Luck to you. You are successful and deserving of our praise AND our custom!

[Hireonomy]

When did I berate agencies for charging the earth?

And your comprehension / maths is wrong.

ok... go on...?

£1000 per day pay = £1136.36 charge @ 12% Margin
£1000 per day pay = £1070.00 charge @ 7% mark-up
£1136.36 - £1070.00 = £66.36

£66.36 * 5 = £331.80 per week

[Hireonomy]

SORRY! Who is comparing??? If anybody has the most basic maths ability then Mark-up is as easy to calculate as Margin.

However, when you quote your competitors' margins against your mark-up you are quoting a greater figure in opposition to your lower figure........so no comparison arises but you do muddy the waters which I think is as unnecessary (in view of the big difference) as it is deliberately misleading.

An 18% margin is around a 20% mark-up but that does not look too good in an advert. But, Hey, Good Luck to you. You are successful and deserving of our praise AND our custom!

All of that is fine - but we are not charging 20% mark-up... we're charging 7% mark-up versus (say) 12% Margin... which is about 13/14% mark-up

[speling bee]

How much does the agency take on a 7% margin of £1,000 pd inclusive of margin (i.e. cost to client)?
How much does the agency take on a 7% mark-up of £1,000 pd inclusive of mark-up (i.e. cost to client)?

£1075.27 - margin
£1070.00 - mark up

ok... go on...?

£1000 per day pay = £1136.36 charge @ 12% Margin
£1000 per day pay = £1070.00 charge @ 7% mark-up
£1136.36 - £1070.00 = £66.36

£66.36 * 5 = £331.80 per week

The question was about £1,000 pd inclusive of margin / mark-up.

I am a client. My budget is £1,000 pd (ex VAT ). That is what I will pay you. How much in £ is a 7% mark-up and how much a 7% margin?

[Hireonomy]

The question was about £1,000 pd inclusive of margin / mark-up.

I am a client. My budget is £1,000 pd (ex VAT ). That is what I will pay you. How much in £ is a 7% mark-up and how much a 7% margin?

ok, sorry

So roughly £70 margin / £65 mark up - so the contractor would get 930 / 935 of the 1000

[speling bee]

ok, sorry

So roughly £70 margin / £65 mark up - so the contractor would get 930 / 935 of the 1000

Which was easier to calculate?

[Hireonomy]

Which was easier to calculate?

to quote Taita: "If anybody has the most basic maths ability then Mark-up is as easy to calculate as Margin."

[speling bee]

Who is comparing?

We're stating that we apply a Mark-up rather than Margin... which is much more transparent and easier to calculate; I'm sure you'll agree.

to quote Taita: "If anybody has the most basic maths ability then Mark-up is as easy to calculate as Margin."

Yes, yes, yes. But we're talking about recruitment agents here (at least in part).

[Taita]

ok... go on...?

£1000 per day pay = £1136.36 charge @ 12% Margin
£1000 per day pay = £1070.00 charge @ 7% mark-up
£1136.36 - £1070.00 = £66.36

£66.36 * 5 = £331.80 per week

So £1000 per day pay = £1120.00 @ 12% mark-up - which means that your comparison is deliberately (and unnecessarily) misleading by an extra £16.36.