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Recruitment Agency - contractor daily rate - how does it work? confused!

  • 30-10-2015 11:22am
    #1
    kitty_hawk
    Registered Users, Registered Users 2 Posts: 1 ✭


    Hey all,

    I was hoping someone could explain to a newbie how this recruitment agency daily rate thing works for contractors on contract work?

    Say if I look up those salary surveys the agencies do every year for an IT contractor (e.g. DBA) with daily rate of say 500 p/d - is this the market rate at which a contractor can, in or around, expect to get paid from the agency or is it the rate that a client pays for that skill? i.e. client pays 500, agency takes say 20% (100) and contractor gets the rest - 400?

    Is it the case of saying to an agency - my rate is 500 p/d and they agree to that and look for a contract role for me or will they go well we take a margin of lets say 20% from that so you get 400? does the daily rate i say include their margin?

    just confused as to how to approach this and whether the rate i quote will be what i get or will the agency turn around and say oh we take a margin on that of course didnt you know!?


Comments

  • #2
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,605 Mod ✭✭✭✭Jim2007


    It can be either, it depends on what you negotiate and sign up to in your contract. Over the past 25 years I've worked both systems. But in my case, I always require them to put the net rate payable to me into the contract, that is what I will invoice them and that is what they pay end of story. What they do beyond that I could not give a fig, it they are able to get 20%, 50% or whatever commission on top of that fair play to them.

    I also never work for per day rates, if they agency wants to sign a contract with their client for a daily rate that is their business, but I will still bill them by the hour.


  • #3
    xabi
    Registered Users, Registered Users 2 Posts: 3,020 ✭✭✭xabi


    The client will have a figure for what they are willing to pay, its up to the agency to get as much for your services as they can, they will then take a cut of this figure. The market rates that you see would be what id be expecting to take home after agency fees.


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