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| Reply To This Thread |
| Re: Temp calculations |
| Author: | Simple |
| Date: | Monday, 16th Jun 2008 12:17 |
| Views: | 235 (excluding Digests and RSS feeds) |
| Category: | Other | | URL: | http://web.ukrecruiter.co.uk/forum/Forum/read.php?i=102993 |
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Hi
Holiday pay is 10.1% (up from 8.3%)
NI is 12.8%
So, lets say the hourly rate is £30 an hour to the candidate:
30 + 10.1% = 33.03 (£3.03 is holiday pay)
£33.03 + 12.8% = £37.26 (total cost before you charge a Margin).
Then you add your margin
so, £37.26 at 40%:
37.26 / 0.6 = £62.05 total per hour (plus VAT). |
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| Reply To This Thread |
| Re: Temp calculations |
| Author: | ?? |
| Date: | Monday, 16th Jun 2008 12:36 |
| Views: | 207 (excluding Digests and RSS feeds) |
| Category: | Other | | URL: | http://web.ukrecruiter.co.uk/forum/Forum/read.php?i=102993 |
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Hi
Simple can i ask if you operate an "open book" policy on your rates?
I am mainly perm but 40% seems high - If your clients are knowingly signing up to that what industry are you in?
I am purely interested!
Thanks |
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| Reply To This Thread |
| Re: Temp calculations |
| Author: | ?? |
| Date: | Monday, 16th Jun 2008 13:23 |
| Views: | 263 (excluding Digests and RSS feeds) |
| Category: | Other | | URL: | http://web.ukrecruiter.co.uk/forum/Forum/read.php?i=102993 |
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Apologies if you took offence at my question. I was just curious and not planning to try and step into your market (i have my own).
I wondered if you were maybe in a specific niche market and that was the norm or if you worked across the board in all industries but managed to get what seems a very good margin from your clients...
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| Reply To This Thread |
| Re: Temp calculations |
| Author: | Joey |
| Date: | Tuesday, 17th Jun 2008 10:13 |
| Views: | 229 (excluding Digests and RSS feeds) |
| Category: | Other | | URL: | http://web.ukrecruiter.co.uk/forum/Forum/read.php?i=102993 |
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Hi there,
We did a little exercise with the REC a while back on the new holiday pay, and 10.17% would be a more accurate figure.
I'm not normally one to be a stickler, but it's something you don't want to be caught out on by clients! |
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| Reply To This Thread |
| Re: Temp calculations |
| Author: | Susan J |
| Date: | Wednesday, 18th Jun 2008 17:09 |
| Views: | 249 (excluding Digests and RSS feeds) |
| Category: | Other | | URL: | http://web.ukrecruiter.co.uk/forum/Forum/read.php?i=102993 |
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Hi
I came into the dicussion forum because we've been having a debate on this very topic - a client has quoted us 26.94% to cover 24 days holiday and employers NI, which looks far too high. Can't decide if we should say nothing as the customer knows best (!) or more likely we've missed a vital element to their calculation! Have got a call out for the client contact but does this figure ring bells with anyone???
thanks
S |
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| Reply To This Thread |
| Re: Temp calculations |
| Author: | Tom Atkinson. |
| Date: | Friday, 20th Jun 2008 20:06 |
| Views: | 208 (excluding Digests and RSS feeds) |
| Category: | Other | | URL: | http://web.ukrecruiter.co.uk/forum/Forum/read.php?i=102993 |
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Hi Dave,
You might wish to take into account that 12.8% NIers does not necessarily apply to all pay but for pricing purposes, you might wish to assume that it does.
If you use a company as a temp then of course you can revise your cost calculations.
Joey is right that 10.17% is more near the mark but of course holiday pay does not apply to all earnings. Nevertheless, you might want to assume it does for pricing purposes.
Simple is also right to say that NIers applies to holday pay but of course, only if poid. Nevertheless, you might want to assume that it is always paid for your cost calculations.
I hope that the above helps clarify what is not a straight forward formulaic approach.
For me Simple's approach is pragmatic and practical. If you do it his way, you get a good rough and ready cost measure that won't be far out and you can simply add whatever margin you like to get a price that you think you can sell at.
Tom. |
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| Reply To This Thread |
| Re: Temp calculations |
| Author: | Leah |
| Date: | Tuesday, 15th Jul 2008 17:46 |
| Views: | 223 (excluding Digests and RSS feeds) |
| Category: | Other | | URL: | http://web.ukrecruiter.co.uk/forum/Forum/read.php?i=102993 |
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I'm glad I came across this forum as I have been out of doing temps for a year and a half and then the rates change!
Can anyone shed light on how the holiday pay calculation figure of 10.17 is actually arrived at? |
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