Highway robbery (over saturation of designated CA's)
I'm a CA with about 10 yrs of professional and due to circumstances have started looking at contract opportunities. Since most companies don't list their contract opportunities I have enlisted the services of finance recruiting companies (Robert half, Lannick etc).
I have spoken to many people who do contract work and the general rule is that companies pay 1.5 to 2 times the amount for a contract position. For example for a position that is 100k you would look at a base rate of 50 per hour, and then multiply that rate by at least a factor of 1.30-1.5, depending if its short term, long term, and to adjust for no vacation or benefits etc.
I went to an interview where the recruiting company was offering 50 an hour (talked them up to 55 an hr) and found out during the interview that the company is paying 90 an hour for that role. The recruiting firm is wanting to pocket 45 bucks an hour!!!!!!!!!!!!!!
I spoke to my buddy who is in recruiting as well, and he mentioned that they pay based on who is willing to take the least pay so they can pocket the most commission. 5 yrs ago, they would have had to offer around the 70 per hour rate. But now designated accountants with experience are wiling to devalue themselves to get temp roles due to unrmployment.
I have spoken to many people who do contract work and the general rule is that companies pay 1.5 to 2 times the amount for a contract position. For example for a position that is 100k you would look at a base rate of 50 per hour, and then multiply that rate by at least a factor of 1.30-1.5, depending if its short term, long term, and to adjust for no vacation or benefits etc.
I went to an interview where the recruiting company was offering 50 an hour (talked them up to 55 an hr) and found out during the interview that the company is paying 90 an hour for that role. The recruiting firm is wanting to pocket 45 bucks an hour!!!!!!!!!!!!!!
I spoke to my buddy who is in recruiting as well, and he mentioned that they pay based on who is willing to take the least pay so they can pocket the most commission. 5 yrs ago, they would have had to offer around the 70 per hour rate. But now designated accountants with experience are wiling to devalue themselves to get temp roles due to unrmployment.