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| Re: Client Payments and Terms |
| Author: | Tom Atkinson. |
| Date: | Monday, 28th Jul 2008 12:52 |
| Views: | 181 (excluding Digests and RSS feeds) |
| Category: | Fees and Terms of Business | | URL: | http://web.ukrecruiter.co.uk/forum/Forum/read.php?i=115273 |
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Hi Angela,
Unfortumately we are seeing more and more of extended terms being requested as the credit crunch begins to bite and debtors want to hold on to cash for longer.
I loved Mark's response. Remember too that debtors nearly always pay late anyway whatever the agreed terms so you could have some time to wait for your money.
If placing Perms, then there is a risk that a rebate will be demanded before you have even received payment, pushing you between a rock and a hard place; and if Temps, you are going to have to fund them for 9 weeks or more. That will be tough on your cash flow. There is no real reason the client should shove their cash flow problems on to you, unless you want to accept them.
Dependent upon how much you value the business with this client, you could use a flippant response I like "If you want recruitment services, talk to me I know my business. If you want money, go to a bank, they know their business. Bankls don't do recruitment and I do do loans.
Good luck whatever your decision. Tom |
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| Re: Client Payments and Terms |
| Author: | Mubin |
| Date: | Friday, 1st Aug 2008 23:22 |
| Views: | 144 (excluding Digests and RSS feeds) |
| Category: | Fees and Terms of Business | | URL: | http://web.ukrecruiter.co.uk/forum/Forum/read.php?i=115273 |
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14 days are standard in most agreements. But I have had 75% of my clients come back saying that they would like 30 days. Even the clients that do not query the 14 days never pay within 14 days.
I have had one client where we have an agreement of 90 days, long I know but its volume recruitment and you go with the flow. Blame the big boys that spoil everyone with ridiculous terms and than expect the smaller consultancies to fill the vacancies for them. |
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