I have done temp market for construction and drivers and I used to charge clients around 25% and agency owner was happy with that, depends pan the location and demand of staff availability in the area too.
Kadz, thanks for sharing your videos. I have a question, how would a new temp agency pay the employees' salaries for the first week or month? Clients may not pay the temp agency right away or do they? How temp agencies afford the first month or week's payroll cost. Thank you very much.
Thanks for these videos, theyre great. Would you as the recruitment agent be managing the actual paying of the wages to the workers. So the client pays you and you give the worker their wages. Are you doing all the transactions?
Kads what if it is say a bricklayer on self employed on cis scheme and i use an umbrella to sort and issue wages for example...? Its only 20% plus umbrella charge?
I'm still confused on this, sorry. So if say a driver would be getting £11ph and 50hrs per week as paye, what would be a sensible fee to charge the client without charging too much and still make a decent profit? Calculator is saying I could be making a % more.
Hi Kadz. Do I need to be VAT registered as a Recruitment business? I read that: The Court of Appeal confirmed that the supply of temporary staff is liable to the standard rate of VAT on the full amount received from the client, and not just any commission element retained by the employment agency. Does it mean that we have to charge client our % + VAT?
@@kadzmoney for example, I have 100 temporary warehouse operatives. all of them earn £8 per hour and work 8 hours per day. I charge client £10 per hour. So £8000 per day or £210000 per month. In this case, should I register for VAT and should I charge the client our % + VAT? THANK YOU.
@@kadzmoney well that's a relief anyway, as I said in email I sent you don't think temp is for me anyway but good to know for future reference. You really are Kadz The Man! :)
No HP for temps? Not sure what planet you are on but legally temps have all the employment rights as a permanent employee, therefore HP must be paid. They won't get HP only if and when are HGV drivers working through their own LTD company.
I just want to thank you for all these videos and the channel, this is just golden!
Thank you so much for this.
I have done temp market for construction and drivers and I used to charge clients around 25% and agency owner was happy with that, depends pan the location and demand of staff availability in the area too.
Yeah you are totally correct. It all depends on the circumstances, location, time of year ect.
Kadz, thanks for sharing your videos. I have a question, how would a new temp agency pay the employees' salaries for the first week or month? Clients may not pay the temp agency right away or do they? How temp agencies afford the first month or week's payroll cost. Thank you very much.
Amazing thank you
Unfortunately I'm from the States, so this isn't as relevant for me. Is there another service or tool that would translate to USD and standards?
Thank you very useful
You are welcome
Thanks for these videos, theyre great. Would you as the recruitment agent be managing the actual paying of the wages to the workers. So the client pays you and you give the worker their wages. Are you doing all the transactions?
Thank you. If they are temp we would manage it
@@kadzmoney thank you
Kads what if it is say a bricklayer on self employed on cis scheme and i use an umbrella to sort and issue wages for example...? Its only 20% plus umbrella charge?
Minimum 20% to break even.
I'm still confused on this, sorry.
So if say a driver would be getting £11ph and 50hrs per week as paye, what would be a sensible fee to charge the client without charging too much and still make a decent profit? Calculator is saying I could be making a % more.
Usually as long as it is above 20% of the hourly charge (on top) you should break even. How much you charge is up to you.
Hi Kadz. Do I need to be VAT registered as a Recruitment business?
I read that: The Court of Appeal confirmed that the supply of temporary staff is liable to the standard rate of VAT on the full amount received from the client, and not just any commission element retained by the employment agency.
Does it mean that we have to charge client our % + VAT?
You need to have a turnover of 85k i believe to vat register. You can't charge vat if you are not vat registered that would be illegal
@@kadzmoney for example, I have 100 temporary warehouse operatives. all of them earn £8 per hour and work 8 hours per day. I charge client £10 per hour. So £8000 per day or £210000 per month. In this case, should I register for VAT and should I charge the client our % + VAT?
THANK YOU.
Yes of course you would on the turn over
What sort of % would you charge for a Hgv driver
There is no straight forward answer. But you need a more expensive insurance so you will be looking at 30% on top of the hourly wage at least
Does a broker charge you a fee upfront or afterwards. Thanks.
They take it from your profits
@@kadzmoney Ah nice one. Also meant to ask with pension if they pay private pension would you have to pay into that also?
No just state pension. Private is up to the employee
@@kadzmoney well that's a relief anyway, as I said in email I sent you don't think temp is for me anyway but good to know for future reference. You really are Kadz The Man! :)
@@96clarkey Thank you my friend... I am not a massive fan of temp as well. I make more from perms.
Kadz can you make a video on how the bridge loans or loans from the banks work to pay the recruited staff?
This calculator isnt accurate. Temps do not get holiday pay, for starters. And even in the case they do, its not 40 pounds a week EVER 😂
No HP for temps? Not sure what planet you are on but legally temps have all the employment rights as a permanent employee, therefore HP must be paid. They won't get HP only if and when are HGV drivers working through their own LTD company.