You are worth £400 in the IT Contract market
This is how the free market works.
There are 2 markets one for IT Contractors and one for clients.
The gap between the two depends on your skill set and the number of
contractors available with the same skill set.
You are worth £400 a day in the IT Contract market.
You are worth £550 a day in the Client market.
The more you quote the less chance you have of your CV arriving at
the clients desk. If you had quoted £425 a day you would not be working for the client.
The client would not have received your CV
or
The client would have been told that you were now unavailable or were too expensive.
NEVER LET THE AGENT KNOW THAT YOU HAVE FOUND OUT HOW MUCH
HE IS BILLING THE CLIENT. Use the fact that you know how much you
are worth to clients as your futur pricing stategy.
If money is your object keep yourself on the market and when the time
comes to hand in your notice tell the client that you have been offered
£425 a day
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Previously on "Paid £400 A Day - Recruiter Charging Client £550 - Feel Raped"
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Originally posted by JoJoGabor View PostI wouldn't believe that - how do you know the client didn't change the email? I think even the client would accept that the recruiter is entitled to make more than that!
There was a real urgency for someone to start and it's a specialised skillset and a few other factors which meant he was very keen to get me in. He made sure the agency messing about didnt ruin that because I was sitting on an extension offer from the place I was currently at.
I dont see why they'd send an email and change the rate just so I'd think they were getting less.. they'd just remove it entirely....So I don't think it's been changed.
Besides, I don't really give a rats arse if it has or not... I got a 6 month gig at 45/day more than I told the manager I wanted and then another 6 months at the same rate so I'm not exactly complaining...
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Originally posted by Mr.Whippy View PostFortunately there are some rare cases.....
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
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Originally posted by chris79 View PostThink twice...
...I'd then check my database with 800 other suitable candidates, call a few of them up with an offer of £350pd.
I'd call you back to say it's not possible and that your last day is "xx/xx/xx" as per the signed contract.
I'd then put the new resource in place ...
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Originally posted by RichardCranium View PostBecause you let it happen and it is legal.
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.
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.
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.
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Think twice...
If I were the agent, here's what I would do if you rang up now, or on renewal.
I'd first of all tell you I was checking your request out with my management team and would get back to you.
I'd then check my database with 800 other suitable candidates, call a few of them up with an offer of £350pd.
I'd call you back to say it's not possible and that your last day is "xx/xx/xx" as per the signed contract.
I'd then put the new resource in place and make £200pd instead of £150pd, giving me a nice little monthly bonus as repayment for my 10 mins hard work.
Feel free to roll that dice, you may land a 6.. or maybe a 1.
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Originally posted by BolshieBastard View PostThe 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.
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Originally posted by thunderlizard View PostDon'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.
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Originally posted by joey122 View PostHow on earth is this possible?
Originally posted by joey122 View PostHow can a recruiter take 40% of my salary for just placing me??
It is not 40% either.
It is a 27.2% margin, or a 37.5% markup.
Originally posted by joey122 View PostYes it is my first contract
Originally posted by joey122 View Postbut this is a serious piss take!!!
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.
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Originally posted by JoJoGabor View PostOriginally posted by someone elseI am constantly surprised by how many managers I come across manage the Companies money as if it were their own.
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.)
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Originally posted by Ruse View PostBeacuse 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.
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).
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Originally posted by Mr.Whippy View PostFortunately 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
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Originally posted by Ruse View PostI 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.
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
Leave a comment:
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Originally posted by Incognito View PostYou 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
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