Paid £400 A Day - Recruiter Charging Client £550 - Feel Raped

[Doggy Styles]

For real? Yowser.

Yes. It was in 2006.

[RichardCranium]

An agent's commission is transparent in all other trades e.g. estate agent

'Fraid not.

Estate agents (and some conveyancing solicitors) are roughly on a par with recruitment agents for lying and that includes the purchase price / sale price of property. They can, and do, in collusion with solicitors, lie to each party and steal a wedge from the middle.

I sell a house to you for £100,000

You buy it for £110,000

They steal the bit in the middle. It happens every day.

[Shimano105]

Did we all become pro-agents all of a sudden? Did I miss a meeting or something?

It happened when all the younger gullible types took over the board.

The old ones still know when they are being had.

The young ones believe everything the pimps spin 'em. It's the 'Kirsty and Phil' generation...

[BolshieBastard]

The OP wouldnt have got the extra £150 a day or even 50% of it anyway so I dont see what the fuss is about.

He was happy with the rate he was getting in the first place so he should shut the **** up and learn from it.

[Ruse]

Don't be daft. You have just found out there is another £150/day that you didn't know about sloshing around in the system. You should be happy at the possibility of trying to get some of it.

WHS. You have plenty of ammunition now to negotiate a nice uplift at renewal time. But I still don't understand why so many contractors on here are giving you such a hard time. A 27% cut is far too high, I'm amazed the client agreed to it, in these hard times I think agencies are v lucky to get 20% and most will accept 15%. I've been on the bench for some time but don't have any of the obvious jealousy displayed by some other posters on here...., so good luck with the re-negotiation.

[Shimano105]

Learn what though? Its not as though you can get them to drop their margins unless you know what they are. Thieving bastards.

[EternalOptimist]

WHS. You have plenty of ammunition now to negotiate a nice uplift at renewal time. But I still don't understand why so many contractors on here are giving you such a hard time. A 27% cut is far too high, I'm amazed the client agreed to it, in these hard times I think agencies are v lucky to get 20% and most will accept 15%. I've been on the bench for some time but don't have any of the obvious jealousy displayed by some other posters on here...., so good luck with the re-negotiation.

And what makes you think the client agreed to it ?

what makes you think the client is even aware of it ?

what makes you think the client understands the market ?

what makes you think the client even cares ?

what makes you think the comments here are driven by jealousy ?


Lastly - believe me, the OP is NOT getting a hard time.

[Hawkeye]

Sorry mate but comments such as "feel raped over a £400 a day rate" in this economy is a bit much. Hopefully in the usual three months they will realise you are a bit of a prat and the job will be back on the market!

[Ruse]

And what makes you think the client agreed to it ?

what makes you think the client is even aware of it ?

what makes you think the client understands the market ?

what makes you think the client even cares ?

what makes you think the comments here are driven by jealousy ?


Lastly - believe me, the OP is NOT getting a hard time.

Beacuse if the client is paying £550 a day then they most likely are Financial Services or Banking. The vast majority of these have a Preferred Supplier List. If they have a PSL they will have pre-agreed with those on the list what their cut is going to be, which will be in the 15-20% range. Believe it or not the Raison D'Etre of the Client is not to make agency directors rich.

I am frequently now asked in interviews what rate I am looking for as the clients are so used to the agencies trying to take the p**s. They don't want to be paying an extra £50 a day if they don't need to. I am constantly surprised by how many managers I come across manage the Companies money as if it were their own.

Jealousy because some comments seem to have the theme "count yourself lucky to be earning that much". Maybe it was his tone which upset people.

[Zippy]

Yeah, that and the fact that he was being raped - a very nasty analogy.