Originally posted by rogerthedodger
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Is it feasible to find contracting roles without the use of an agent?
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The greatest trick the devil ever pulled was convincing the world that he didn't exist -
I would say, it will depend on what sort of client and industry you want to target.
Factors influencing skill requirements and commercial terms:
1. Larger organisations will have a better chance of having requirements which a contractor can fulfil. Smaller organisations less so.
2. Larger organisations will have the capacity to afford higher day rates for contractors for relatively common skills. Smaller organisations less so.
3. Larger organisations will have the clout to negotiate down day rates with supply aggregators like agencies. Medium and smaller organisations will be forced to pay more to attract the right skills.
Between these factors and depending on the skill set, there will be a sweet spot where there are a lot of requirements in the market at an attractive day rate.
Factors influencing contractor hiring:
1. Larger organisations will prefer the convenience of outsourcing background checks, the legal contracts, IR35 processing etc. to another organisation like an agency. Smaller organisations may not mind it. For this reason, larger organisations will tend to operate almost exclusively through agencies for certain types of skills.
2. Industry sectors like Financial Services will have a lot more mandatory background checks, which will lean them heavily towards agencies.
Most reputable clients will have a roster of dependable and reputable agencies that they use to hire contractors and to employ permanent staff. You can be comfortable approaching these clients through the agencies. Even if you manage to secure a contract offer directly from certain clients, their procurement practices may restrict you to commence the contracted work only through one of their retained agencies.Last edited by Scotslaw; 6 July 2018, 15:34.Comment
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Originally posted by rogerthedodger View PostActually it's a bit of a mix of pain letters targeted at business problems requiring consultancy or interim management input, and "have you got any work for me", but all presented as "sh** hot consultant / contractor / interim executive available if you need him / her and oh by the way just LOOK at this CV you really ought to be biting my hand off and oh by the way a Big 4 consultancy charges rock bottom £3,000 / day but you get me for a lot less and the ROI is of galactic proportions".
Spec approaches can work for anyone. A good CV and cover letter, with key messages quickly conveyed, will be read and retained and if a company can get a top notch spec candidate and cut out the costs of advertising and/or agents, it will do so.
I share your concerns about agents. Some are very good, but a vast number are chavvy kids barely out of short trousers and think they know everything, plus communication, responsiveness, and feedback are virtually nil.
Totally agreed regarding agents - it's only with great difficulty I bite my tongue when dealing with those types.Comment
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Originally posted by rogerthedodger View PostActually it's a bit of a mix of pain letters targeted at business problems requiring consultancy or interim management input, and "have you got any work for me", but all presented as "sh** hot consultant / contractor / interim executive available if you need him / her and oh by the way just LOOK at this CV you really ought to be biting my hand off and oh by the way a Big 4 consultancy charges rock bottom £3,000 / day but you get me for a lot less and the ROI is of galactic proportions".
Spec approaches can work for anyone. A good CV and cover letter, with key messages quickly conveyed, will be read and retained and if a company can get a top notch spec candidate and cut out the costs of advertising and/or agents, it will do so.
I share your concerns about agents. Some are very good, but a vast number are chavvy kids barely out of short trousers and think they know everything, plus communication, responsiveness, and feedback are virtually nil.
It sounds pretty identical to what I've been doing for over 10 years, spec a CV with a compelling write up to the right person at the right time. Hate to tell you this, but that's not a secret formula, it's sales 101.
My point stands around costs comparisons. Let me ask you this, WHY do you think that vast majority of contractors work through an agency? What's your logic for why companies use this more expensive route to hiring contractors?Comment
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Originally posted by Agent View PostThis is the big secret approach? That's it?!??
Originally posted by Agent View PostMy point stands around costs comparisons. Let me ask you this, WHY do you think that vast majority of contractors work through an agency?
Originally posted by Agent View PostWhat's your logic for why companies use this more expensive route to hiring contractors?Comment
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Originally posted by rogerthedodger View PostA very good old mate of mine has been an independent professional for 25 years (and a very successful one) and has bagged ALMOST ALL his contracts by means of direct speculative approaches. Very importantly though, he has used SNAIL MAIL i.e. letter plus CV, NOT email. There are some 'trade secrets' as to how this is done, that I'm not at liberty to disclose. Think carefully, though, and you might just be able to work it out. He's NEVER used an agency and NEVER responded to an advertised role.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by LondonManc View PostComment
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Originally posted by rogerthedodger View Post
You'd better ask them that. It's a mystery to many of us!
Everyone else here know's why, I would tell you but it's a trade secret...Comment
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Originally posted by Agent View PostThat's my point, it's not a mystery to many of us, just to you lol.
Everyone else here know's why, I would tell you but it's a trade secret...
Let me start by reminding you that you originally asked why COMPANIES use agencies ("this more expensive route").
You're now saying, actually quite rightly, that CONTRACTORS use agencies most of the time.
CONTRACTORS use agencies because......surprise surprise.... COMPANIES use agencies.....a lot........so contractors have to use agencies to exploit what is a sizeable slug of work opportunities.
But the important question is....WHY DO COMPANIES USE AGENCIES?
For many contractors, it's quite hard to fathom why companies use agencies, because based on comments I've seen from various credible people who've looked into it, the majority of contractors have the view that the majority of agencies are pretty poor.
Have you got it now?Comment
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Companies use agencies for two reasons:
Simplicity of invoicing; it's easier to deal with two or three touchpoints for invoicing, hiring, firing, etc. rather than 200 contractors each on an individual basis
Simplicity of recruitment: saves on cv sifting - companies will ask for the three best cvs off each of the agencies on their PSL and then choose the candidates that they want to interview. Saves vast amounts of time going through every CV.
While that model isn't perfect, a multiple agency approach means that the client can get the best available candidate (rather than simply the one that offers best margin to the agent) and can have different agencies specialise in different areas (e.g. networking versus databases).The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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