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When do you determine the exchange rate date for an international client?

Started this discussion. Last reply by sabrinadove Nov 1, 2011. 2 Replies

I am a US based recruiter who recently placed a European candidate with an American company who has a European office. My candidate received an offer in Euros and we will charge our client in US…Continue

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sabrinadove replied to Tim Spagnola's discussion 'What do you do with the irate Candidate?'
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sabrinadove commented on Debbie Fledderjohann's blog post 'Help Unemployed Candidates Get Back in the Game'
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Greg Savage commented on sabrinadove's blog post 'Does anyone have a better word than "mark up"?'
"Would this work? "Our "fully loaded" cost to you is $XXX", the idea being that the final price the client paid is "loaded" with the on costs, which include all the statutory costs associated with making that hire"
Nov 23, 2011
sabrinadove posted a blog post

Does anyone have a better word than "mark up"?

Hello, One of my clients (who is not used to working with recruitment/staffing companies) cannot stand the word "mark up". When we charge a "45% mark up on temporary staff", sometimes the clients mistakenly believe that we are earning 45% gross margin (no matter how many times we explain that there are many other costs which we bear in our mark up, not including taking on the burden of the risk of accident). Does anyone have an alternative word? See More
Nov 23, 2011
sabrinadove commented on Steve Williams's blog post 'I'm not HR......................'
"It does seem like a pretty rude response.   Have you worked with other people in this company before and do you think the CEO knew of your other relationships? Maybe he gets tons of "cold call" recruiters who don't have a signed…"
Nov 23, 2011
sabrinadove replied to sabrinadove's discussion 'When do you determine the exchange rate date for an international client?'
"Just a post-morten on this... the client agreed to use a three month historic average of the currency, which is what most businesses use in this situation. It's not "spot exchange" trading."
Nov 1, 2011
sabrinadove commented on Cora Mae Lengeman's blog post 'Am I Too Ethical To Be A Recruiter?'
"I think that your former boss's reputation will catch up to him, eventually. Clients and people can sniff out dishonesty .  Why didn't the client ask your boss for follow up details -- such as, "why wouldn't you recommend…"
Nov 1, 2011
Sandra McCartt replied to sabrinadove's discussion 'When do you determine the exchange rate date for an international client?'
"The date your candidate started to work.  Unfortunately the fee is not due until the candidate starts to work.  I don't think it has anything to do with the date to set the conversion.  If the Euro had been at a high the day the…"
Oct 7, 2011
sabrinadove posted a discussion

When do you determine the exchange rate date for an international client?

I am a US based recruiter who recently placed a European candidate with an American company who has a European office. My candidate received an offer in Euros and we will charge our client in US dollars. We have nothing in our contract about "which date" to set the conversion from Euros to US dollars to.Does anyone know the protocol as to WHEN you should decide the date of the exchange rate between two currencies? 1) The date my candidate signed the offer letter?2) The date my candidate started…See More
Oct 7, 2011
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Sep 12, 2011

Profile Information

Name
Sabrina Dove
Job Title
Director of Recruitment & Business Development
Which best describes your profession?
Agency Recruiting
How many years have you been in the business?
2-4 years
Which industries do you work in now?
Other
How many employees in your company?
<10

Sabrinadove's Blog

Does anyone have a better word than "mark up"?

Posted on November 23, 2011 at 11:48am 1 Comment

Hello,

 

One of my clients (who is not used to working with recruitment/staffing companies) cannot stand the word "mark up".

 

When we charge a "45% mark up on temporary staff", sometimes the clients mistakenly believe that we are earning 45% gross margin (no matter how many times we explain that there are many other costs which we bear in our mark up, not including taking on the burden of the risk of accident).

 

Does anyone have an alternative…

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