Reply to: Recruitment Agency Fees

[NotAllThere]

Well done Mr dicider, the guy has no 6Y university, but 3Y bachelor,

That's because the superior British university system is more efficient and doesn't take so long to turn out great engineers, along with graduates of other professions*. So our graduates begin working at 21, younger and fitter than our European partners'.

* Unreal degree subjects like basket-weaving are not included in this analysis.

[MPwannadecentincome]

you are a time waster aren't you?

he's certainly managed to waste some of "The Agents view"'s time when he should have been reviewing CVs

[engineer]

Some facts on the agency's and the customer's prices:

Case1:
Me: 65,- p.h.
Agency 78,- p.h. to customer (a personell department)
internal personell dep. to final department 89,- p.h.
EIGHTYNINE EUROS! ... and the final department "sells" the costs for development together with the ready product to the product marketing dep for 145%!

Other Case (not fullfilled):

Final Customer (NATO clearance required job, where sensible data is recorded from within aircrafts)
Company has a 65,- limit, but wants top engineers
Agency offered 55,- later 58,- to me.
Thanks, Munich must wait
MUNICH! (germany's most expensive city) and it was lang before the world crisis began.

Other case: also Munich (later)
€70,- for me (FPGA+ASIC), agency around 80,- estimated
this was in mid of 2008. I did not do it because I had a similar one in a much cheaper region

then: same customer may 2009: offers 50,- to me via agency - once again, this is munich, with around 1800,- per month for a small hotel chamber in beneath of the customer (i wonder, if the got one ...)

other case:
Customer in Erlangen:
Department C. with Agency In.: 55,- for me
Department M. with Agency Ha.: 65,- for me
Department A. with Agency As.: 72,- for me

Well either, the agencies are paying weird or the departmens do, because technically, the work would have been 99% THE SAME!

again: THE SAME WORK! ... but with a difference of 17,- Euros, (around 1400,- per month)

This contracting business is really incredible.

Newest event:
A Customer, 30km from my home, tries to select the "best" guy from out of 5 available and choosed not me but an english guy, coming from the island, because he is €5,- cheaper p.h. Well done Mr dicider, the guy has no 6Y university, but 3Y bachelor, no 15y of experience, but 5 only, no advanced knowledge in math, signal processing and such, was jsut cheap enough to get it.

now, 5 weeks after start, the job is again open and the customer is searching again , the english guy was not good enough in german, and the rest of the german gang not goog enough in english, so communication did not work effectively...

[The Agents View]

, nothing more than glorified salesmen, get paid paid to do very little.

Come and do my job for a week - I promise you'll be begging and screaming to go back to your cushty little coding job...... Don't know you're born sonny....

Can you tell it's been a tough week?

[The Agents View]

Some managed services that companys such as computer people run, will charge 7% i.e. loads of bodies at low rates for an exclusive deal. The normal rate is 12%-22%, during boom times this was as much as 50%-100%. Pimps will get a percentage of this from their brothel, i.e. 10%-20%, going higher if they shift more people, they also get cars and holidays if they meet their OTE, in addition to their basic which will be 10K. They will get the bump if they don't meet their target.

The bottom line is the what you get paid. If the pimp gets more he will be more likely to put you forward. Pimps like schmucks and virgins who will accept low rates and stay a long time in a place. The pimp is your employer you have to get past them.

Interesting viewpoint.... Firstly - are all "pimps" male??

I don't think I've ever put anyone forward on the basis of "wanting to make the most out of them" - Only ever "are they likely to get the job" and "can I make them fit in terms of budget?" Despite the protestations of everyone on here, it's very rare that you work a role at £800, that has an exact match of skills, experience and culture with a contractor who wants £300...... although if anyone has roles like that - please feel free to contact me!

Ultimately it comes down to building trust with a client, and telling them roughly what the market will command for the role when qualifying it - the risk with telling someone that they'd "need to pay £1000 for this kind of person" is that they speak to people (yes seriously - communicating in real language and everything!) and find out that they're being overcharged - if you value client relationships, you simply don't do that......

TAV

[orac]

pimp fees

Some managed services that companys such as computer people run, will charge 7% i.e. loads of bodies at low rates for an exclusive deal. The normal rate is 12%-22%, during boom times this was as much as 50%-100%. Pimps will get a percentage of this from their brothel, i.e. 10%-20%, going higher if they shift more people, they also get cars and holidays if they meet their OTE, in addition to their basic which will be 10K. They will get the bump if they don't meet their target.

The bottom line is the what you get paid. If the pimp gets more he will be more likely to put you forward. Pimps like schmucks and virgins who will accept low rates and stay a long time in a place. The pimp is your employer you have to get past them.

[stillooking]

Why are all posts on this forum met with such patronization?

This is a simple question from a new joiner.

If you dont want to help dont post but to pollute the thread with crap like trolling is rather unhelpful.

Do you get a high from talking down to people?

Is nt a forum meant to encourage questions and answers and be a shared community?

you are a time waster aren't you?

[stillooking]

I remember my first agent, bent as a nine bob note - got sacked for raising invoices from non existent contractors, the company payed them to for a while until he was found out. The agent was the best one I have ever had.

sounds like an enterprising chap, makes a change from screwing the contractor

[weemster]

I remember my first agent, bent as a nine bob note - got sacked for raising invoices from non existent contractors, the company payed them to for a while until he was found out. The agent was the best one I have ever had.

[locust]

What a load of bollocks.
Taking your example of 25k basic + 500 / month comission = 31k a year.

Working on permie calculations (i.e. divide by 52 weeks), you are earning over £15 / an hour for 37.5 hours a week.

Minimum wage is currently £5.73 / hour, so to be earning less than that you would have to be working over 104 hours a week, or 14 hours a day, 7 days a week, or 21 hours a day, 5 days a week.


And you wonder why nobody trusts agents?

Trust agents? Never. Like estate agents, nothing more than glorified salesmen, get paid paid to do very little. Funny how some dont even know basic IT "so what is windows". Id be so ashamed to tell anyone im an agent, id lie and say im pimp or drug de.aler.

[blacjac]

It's actually a figure of speech

No it isn't.

And I'll thank you not to tar me with the same brush as the monkey agencies you've been using - you'll notice that my posts on here are more helpful than those of most contractors - let alone agents - so I'd thank you to consider your responses before posting.

Do you know what forum this is?

TAV

Tay

[ratewhore]

To the OP, pimps don't take a cut of the monthly fee. They negotiate their rate with their client. The pimp is your client, and it's up to you to negotiate your rate with them.

Consequently, the rate between pimp and client is not 'your' fee for the pimp to take a cut of...

[The Agents View]

What a load of bollocks.
Taking your example of 25k basic + 500 / month comission = 31k a year.

Working on permie calculations (i.e. divide by 52 weeks), you are earning over £15 / an hour for 37.5 hours a week.

Minimum wage is currently £5.73 / hour, so to be earning less than that you would have to be working over 104 hours a week, or 14 hours a day, 7 days a week, or 21 hours a day, 5 days a week.


And you wonder why nobody trusts agents?

It's actually a figure of speech - but the scary thing is that I'm getting close to that level. I am generally in the office at 7am Monday to Friday - I generally leave at 8pm - drive home and eat my tea (so 1hr give or take). I then prepare candidate profiles and search for anyone that really stands out on the job boards. I also catch up on emails and plan the next day so I can hit the ground running. I generally close my laptop to work stuff at about 11pm.

Saturday and Sunday I generally come in to the office for about 6 hours - plus take calls and occassionally make them at the weekend too.

So a conservative estimate:

15hrs working or doing work related stuff per day - Mon-Fri - 75hrs per week.
6 Hrs over the weekend 82 hrs per week.

Right at the moment, an hourly rate of £7.27.

No point in lying though - when times are good, they're very good - it's when they're bad that you start to lose the will to live.

And I'll thank you not to tar me with the same brush as the monkey agencies you've been using - you'll notice that my posts on here are more helpful than those of most contractors - let alone agents - so I'd thank you to consider your responses before posting.

TAV

[BrilloPad]

I APOLOGIZE - http://forums.contractoruk.com/busin...ht=agency+fees

EEK:

Dont apologize on cuk. I nearly fainted then........

[blacjac]

Typically a fairly good consultants portfolio of contractors will generate somewhere around £25k per month (based on about 10-15 contractors out). That works out to about £2500 in commission per month roughly - Basics are very modest - £25k annual base would be considered fairly good.

This is just an example - right now I'm living off my basic and about £500 in comission - if I worked it out per hour, I'd be below minimum wage right now!!

What a load of bollocks.
Taking your example of 25k basic + 500 / month comission = 31k a year.

Working on permie calculations (i.e. divide by 52 weeks), you are earning over £15 / an hour for 37.5 hours a week.

Minimum wage is currently £5.73 / hour, so to be earning less than that you would have to be working over 104 hours a week, or 14 hours a day, 7 days a week, or 21 hours a day, 5 days a week.


And you wonder why nobody trusts agents?