I have been in a role for around 4mths and received an email from my boss with my payment details. Apparently my recruitment agent is charging me out at $80 an hr and I am getting $50 an hour which equates to 37.5%.
I always thought the rate was 20%. I have a friend that works for $800 a day and recruitment company gets $200.
I had a meeting with my agent around a month ago and he was discussing lifting my rate but I cannot see how this can be achieved given the status quo as that would take me up to agency level rates.
Advise appreciated, it has been good to get work from them but I don't like the idea of getting ripped off. Was gonna ring agent and let him know but ppl seldom admit they are wrong in this kind of a situation.
I don't know what your job is but $50 an hour is pretty decent. And your friend on $800 is doing just fine. Who cares what your pimp (sorry agent) is charging you out at. Be happy you're working and getting paid.
::As much as a dislike recruiters, they have to make money too. Otherwise@wireframe74 will not be getting work.::
I don't mind the recruitment agent getting their 20% but mine is almost 37.5%. That's almost double. I have been in the industry for almost 15 years and there is always work its just a matter of with who. If you think $50 is a good rate minus annual holidays then go figure.
::$50/hr isn't a great rate living in most places in Australia::
There's a difference between an employed freelance rate and a self employed rate. If you're doing a 40 hr week, that's $2k a week. Do a full year and you're making over 90k. More than plenty to live off.