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

[EternalOptimist]

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.

anyone who makes assertions based on 16 if, buts or maybes is an idiot

you dont know any of the facts , so shut it

[Ruse]

anyone who makes assertions based on 16 if, buts or maybes is an idiot

you dont know any of the facts , so shut it

And anyone who only raises questions and doesn't provide answers is a moron.

[Incognito]

anyone who makes assertions based on 16 if, buts or maybes is an idiot

you dont know any of the facts , so shut it

You been necking the beers again mate? Very harsh for EO.

[JoJoGabor]

[QUOTE=Ruse;934691]B I am constantly surprised by how many managers I come across manage the Companies money as if it were their own.
QUOTE]

That is one of the most desirable attributes to a business a manager can have. I was once told that I didnt treat the money as my own and that was my weakness as a manager. I can see the point now

[EternalOptimist]

You been necking the beers again mate? Very harsh for EO.

no beerios tonight. and yes a bit harsh, its just the baldy assertions get right up my beak

if you aim to speak seriously about something, you should get the facts first

[Mr.Whippy]

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.

Fortunately there are some rare cases.....

I was asked at interview for my current contract what the agent was advertising the rate as and what I was after.... he was a little surprised at how low it was so went back to them and made them offer me 75/day more than they were advertising, which was also more than I asked for....

The agency forwarded an email to me from the client without sanitising it and left the client charge rate which showed they are now only making £14.21/day out of me

[Ruse]

Fortunately there are some rare cases.....

I was asked at interview for my current contract what the agent was advertising the rate as and what I was after.... he was a little surprised at how low it was so went back to them and made them offer me 75/day more than they were advertising, which was also more than I asked for....

The agency forwarded an email to me from the client without sanitising it and left the client charge rate which showed they are now only making £14.21/day out of me

Most excellent, am assuming he must have them over a barrel for some reason as that will now be loss making for them.

[Shimano105]

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.

I can't fault your argument one bit.

Unfortunately some scousers show their true colours if you start waving money under their noses and claim poverty.

In retrospect you should have just quoted the % markup to avoid upsetting people in the current climate (although most of the touchy ones were actually waving their wads around in the good times, but I digress).

[Doggy Styles]

I am constantly surprised by how many managers I come across manage the Companies money as if it were their own.

That is one of the most desirable attributes to a business a manager can have. I was once told that I didnt treat the money as my own and that was my weakness as a manager. I can see the point now

Couldn't agree more JJ.

Inefficient use of resources at all levels is what's f***ing the economy, from Brown wasting it left right and centre, down to a useless contractor getting an extension.

If it is good for the company's bottom line, it is good for me. (Unless I am the useless contractor of course.)

[RichardCranium]

How on earth is this possible?

Because you let it happen and it is legal.

How can a recruiter take 40% of my salary for just placing me??

It is not your salary. It is your LtdCo's income.

It is not 40% either.

It is a 27.2% margin, or a 37.5% markup.

Yes it is my first contract

In that case it is a fair margin. First time contractors are a dodgy bunch: very high maintenance, whingy and prone to go back to permie at no notice.

but this is a serious piss take!!!

No it is not.

When you get to your first renewal - i.e. provided you are not another dodgy permietractor - you can ask for a rate increase.

Now shut up and get on with your job.