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Redego implements fee sharing schemes

Posted by justin | Posted in Agency | Posted on 02-02-2011

Redego is finding that more and more Agencies are not only looking to generate revenue but also wanting to get service level agreements in place with their payment providers.

With the Agencies Workers Directive now looming Redego also recognises it is key that Agencies must now work closely with their payment providers to guarantee compliance.

Redego agreements are straightforward and typically cover the following areas: -

Service levels

We can agree certain key service levels that may be important to you such as:

·         Advance payments.

·         Payment dates.

·         Contract turnaround time for new contractors.

·         Special compliance requirements (e.g. working time hours monitoring, pay levels).

·         Online services  (e.g. online timesheet management branded as your agency).

Contractor discounts

Depending on volume of business, we can provide attractive discounts available exclusively to your agency.

Revenue generation

With sole supplier agreements we can implement fee sharing schemes, where we agree a percentage of revenues go to your agency depending on number of workers.  This can be between 15% – 55% of fee income.

If you are interested, could you give us an indication of the typical numbers of contractors you have and an idea on how you would like to structure the agreement?  This is with regards to the balance between revenue and contractor discounts.  Then we can provide a definite proposal.

Please call or email me if you would like to discuss this further:

Justin Phillips

Justin@redego.co.uk

Tel: 0845 09 400 60