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> Last week, some recruiter told me the max he can pay is 75 per hour. Just for fun, I said the min I would consider is 90 (my rate is not that much). He immedi
by kypro 5y ago
> Last week, some recruiter told me the max he can pay is 75 per hour. Just for fun, I said the min I would consider is 90 (my rate is not that much). He immediately said yes. Then I found out that this was for a FAANG company, I am pretty sure he is charging much more than 90.
I'm from the UK so perhaps I'm missing something here, but how would the recruiter benefit from putting you forward at a lower rate? Do they not take commission as a percentage of your rate?
Here in the UK recruiters are pretty decent imo. They've helped me negotiation higher salaries and day rates in the past. They take a decent cut, but that gives them more incentive to get the best rate possible.
- killtimeatwork 5y ago> I'm from the UK so perhaps I'm missing something here, but how would the recruiter benefit from putting you forward at a lower rate? Do they not take commission as a percentage of your rate? Usually, no. Some claim to be commission-based, but most just sell you for X to the customer comany, while paying you Y (Y < X). The customer company usually doesn't even know what the Y is, while you don't know what the X is. In extreme cases, the recruiter's profit margin can be over 50% (i.e. they make more money on your work than you do).