Why do companies use recruitment agencies?

liney

You are forgetting to take into account the employers NI or WTR (holiday) You need to add on about 25% to cover both making it about £7.81ph (ish) cost to the agency just to pay the temp, which we discussed earlier in the thread.

This leaves £2.93 ph (ish) mark up which is about 27% - this has to then pay the agency employees wages, running costs such as offices, insurances (contents, professional indemnity, employers liability, car), stationary and consumables,vehicles, workwear, and all the other associated costs before a profit is seen.

CCFC_80

1984ReturnsForReal wrote: »

Maths is very much my strong point.

1984ReturnsForReal wrote: »

I suggest you read the thread again & this time try & learn something instead of repeating the same rubbish.

Well if I owned a company I would not want you working for my Buying department, with your maths skills we would go out of business inside a week.

I suggest you type in mark ups into a search engine and then you will learn something !!

come to think of it with your expert maths knowledge I am not surprised you work in the recruitment consultancy sector. If you are helping us to find jobs then god help us all !!

dave4545454

1984ReturnsForReal wrote: »

Maths is very much my strong point.

I suggest you read the thread again & this time try & learn something instead of repeating the same rubbish.

maths is your strong subject?:rotfl:now THAT is funny! i'd hate to see your weak subject

you can't even do basic maths, did you even go to school? you were SOOO far off the right answer, andy's was correct

1984ReturnsForReal_2

andy46 wrote: »

Well if I owned a company I would not want you working for my Buying department, with your maths skills we would go out of business inside a week.

I suggest you type in mark ups into a search engine and then you will learn something !!

come to think of it with your expert maths knowledge I am not surprised you work in the recruitment consultancy sector. If you are helping us to find jobs then god help us all !!

You are either obviously stating lies on purpose or you really are a first class idiot.

I suspect the later.

A "mark up" is the figure you put on the direct costs & if you think the direct cost is the pay rate there is no helping you.

Go google "Employers NI & WTD".

CCFC_80

1984ReturnsForReal wrote: »

You are either obviously stating lies on purpose or you really are a first class idiot.

I suspect the later.

A "mark up" is the figure you put on the direct costs & if you think the direct cost is the pay rate there is no helping you.

Go google "Employers NI & WTD".

A mark up in general is the percentage profit you make on an item you buy it for and then selling it for at the higher price. We will leave it to the posters on this thread as to who the first class idiot is.

Incidently why have you contradicted yourself on hitting the thanks button on post number 63 in this thread ??

liney

andy46 wrote: »

A mark up in general is the percentage profit you make on an item you buy it for and then selling it for at the higher price.

Ok, so we have established it's less than 27% by your defininition.

Charge rate minus Pay rate minus employers NI minus holiday pay (WTD) = 27%

Profit = Our 27% which was left, minus direct business costs listed previously.

1984ReturnsForReal_2

andy46 wrote: »

A mark up in general is the percentage profit you make on an item you buy it for and then selling it for at the higher price. We will leave it to the posters on this thread as to who the first class idiot is.

Like I said.

Try reading. If you can get past the difficult words.

Words like "cost" you have a particular problem with.