here's an update....
I had twenty minutes of justification from the agent taking the major cut. their position is that the client has to fund any rate rise. they flatly refuse to entertain any possibility of reducing their margin to increase my daily rate - without asking for an increase from the client.
I've decided just to let it lie for now, as it turns out i'm actually taking home the top 'MRP' - which is the maximum the client is willing to pay for my role - irrespective of the cuts the agencies are taking.
it's a good job and it could run on for some time, so I've decided not to upset the applecart, for now.
agencies - don't you just love them?
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Reply to: cutting out one of the middlemen....
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Previously on "cutting out one of the middlemen...."
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Originally posted by vfr_rider View Postthat's exactly what's happened.
my skillset is extremely specialised, which I suppose puts me in a good position - the client has been trying to find another 'me' for quite some time to no avail.
there is a clause in the contract stating that I cannot work for the same client within six months of the contract ending, but with a 'save for' clause which mentions working for another agent(?) with whom I was registered at the start of the contract. it's not straightforward.
I just don't want to annoy off the client - they've been extremely good to me - but I think if I don't nip this in the bud now, I'll keep losing upwards of 2k a month....
Given your niche skillset and the fact that you are aware that your line manager has been searching for another "you" without success, surely gives you a good stand point to ask for an increase. If they lose you then I should imagine whatever project you are working on would suffer as a consequence.
Regarding the 2 agencies, yes this does occur on occasion. What you will find is that they have split the "fee" 50/50 between them rather than taking 2 lots of commission. So for example if agency 1 has agreed 10% with the client then that would be halved between agency 1 and agency 2. The client may not even be aware of agency 2 (your agency) and will think they are only dealing with agency 1 (the original agency that had the role you were put forward for).
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Originally posted by Hex View PostProbably better to tell them that you want a rate increase otherwise you won't be renewing. I know if someone asked me "if a rate increase is possible" and I was an agent I would just say "no".
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Originally posted by pmeswani View PostAsk them if a rate increase is possible.
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Originally posted by vfr_rider View Postthat's exactly what's happened.
my skillset is extremely specialised, which I suppose puts me in a good position - the client has been trying to find another 'me' for quite some time to no avail.
Originally posted by vfr_rider View Postthere is a clause in the contract stating that I cannot work for the same client within six months of the contract ending, but with a 'save for' clause which mentions working for another agent(?) with whom I was registered at the start of the contract. it's not straightforward.
Originally posted by vfr_rider View PostI just don't want to annoy off the client - they've been extremely good to me - but I think if I don't nip this in the bud now, I'll keep losing upwards of 2k a month....
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Originally posted by pmeswani View PostIn my case.... there are 2 agencies involved. For some reason, the first agency isn't able to fill the position, therefore they approach the second agency and ask them to find a candidate. The second agency finds the candidate and acts as the candidates point of contact. Candidate invoices 2nd agency, who in turn invoices the first agency who invoices the client. Can't always be avoided.
my skillset is extremely specialised, which I suppose puts me in a good position - the client has been trying to find another 'me' for quite some time to no avail.
there is a clause in the contract stating that I cannot work for the same client within six months of the contract ending, but with a 'save for' clause which mentions working for another agent(?) with whom I was registered at the start of the contract. it's not straightforward.
I just don't want to annoy off the client - they've been extremely good to me - but I think if I don't nip this in the bud now, I'll keep losing upwards of 2k a month....
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Originally posted by vfr_rider View Post...I've recently been invited to renew, which I'm pretty chuffed about.
however, there are 2 agencies involved in my contract...
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Originally posted by pmeswani View PostIn my case.... there are 2 agencies involved. For some reason, the first agency isn't able to fill the position, therefore they approach the second agency and ask them to find a candidate. The second agency finds the candidate and acts as the candidates point of contact. Candidate invoices 2nd agency, who in turn invoices the first agency who invoices the client. Can't always be avoided.
On my last but one (overseas) gig I was in this situation. There were actually more than one UK agency, sub contracting to more than one of the foreign client's preferred suppliers.
The rates offered to my by the UK agents varied by more than 20%. I simply refused to deal with the lower paying agents and went for exactly the same job through the higher paying one.
tim
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Originally posted by Sausage Surprise View PostHow does that work
What does the other agent do?
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Originally posted by BolshieBastard View PostWhy do some people get themselves into these situations!?
To the OP, it will just come down to negotiation to reduce their margin. Remember the golden rule though, they are not taking a cut of YOUR money, they are paying you a share of THEIRS...
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I guess it's because they're getting £300 a day and haven't worked out that if they say - £400 a day or I walk, they'll get more money.
So long as people accept peanut pay, I suppose they'll behave like semi-evolved simians.
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Originally posted by vfr_rider View Postfirst off - hi
I thought i'd ask my fellow contractors for a bit of advice.
I'm into the last few months into my current contract, and I've recently been invited to renew, which I'm pretty chuffed about.
however, there are 2 agencies involved in my contract, and the agency I invoice (who introduced me to the client) is taking a enormous cut out of the daily rate, putting me below market value.
is it the case that, as the introducing agent, I'm stuck with them as long as I'm working at the same site?
What does the other agent do?
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cutting out one of the middlemen....
first off - hi
I thought i'd ask my fellow contractors for a bit of advice.
I'm into the last few months into my current contract, and I've recently been invited to renew, which I'm pretty chuffed about.
however, there are 2 agencies involved in my contract, and the agency I invoice (who introduced me to the client) is taking a enormous cut out of the daily rate, putting me below market value.
is it the case that, as the introducing agent, I'm stuck with them as long as I'm working at the same site?Tags: None
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