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Contractor Rates

  • 18-04-2021 2:20pm
    #1
    Registered Users Posts: 137 ✭✭ weshtawake


    I am an I.T. contractor coming up to my first anniversary working for a major Financial Services sector. My expectation is that the contract will be renewed for a further year.
    The contract is through one of the major Recruitment Companies i.e. I invoice the recruitment company who in turn (after adding a mark-up!) will invoice the F.S. company.
    My question is - what generally would this mark-up tend to be. For instance if I was charging €300 per day what would the recruitment company likely be charging. I would like to have an idea so I know what wriggle room I have to negotiate an increase in the contract renewal.
    Ta


Comments

  • Moderators, Business & Finance Moderators Posts: 7,846 Mod ✭✭✭✭ Jim2007


    Whatever they can get away with - 10% - 30% - 50%.... more.

    But your wriggling room is going to be based directly on who valuable you are to the client company. Don't expect that the agency will be willing to swallow any part of the increase unless they are in danger of loosing the client. Their pitch to the client will be: we have Mick who is going to cost you 20% extra or we have these two others Pat and Mary with the same skill set at a lower rate... You need a client that will say sod Pat and Mary, I want Mick and if I don't get him I'll consider other options...


  • Registered Users Posts: 12,229 ✭✭✭✭ retalivity


    My guy charges 12%.
    10% seems to be the bare minimum, upper bound is as Jim says, whatever they think they can get away with.


  • Registered Users Posts: 79 ✭✭ Dublin Lad2021


    I'm an on site Recruitment partner (RPO agreement) we charge a 60% mark up, don't ask me how we get away with it


  • Registered Users Posts: 23,901 ✭✭✭✭ Mrs OBumble


    I'm an on site Recruitment partner (RPO agreement) we charge a 60% mark up, don't ask me how we get away with it

    Are the people your employees, and you assume liability for redundancy if the client no longer wants them? That would explain it ...


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