30th March 2006, 03:33 PM
I dont want to put a damper on this as I think a temping agency is a good thing.
The pay on offer is 10% more than the BAJR recommended maximum for the grade. While I support the sentiment of paying people more it has to be sustainable. Equally increased wages with increased experience are promised. I am unsure how far this is possible for a business start up.
If just 10 people are employed there is a cashflow of about 25k till the first cheques arrive assumming people are paid monthly (ignoring start up costs).
On the business training courses I went on we were told that 50% of new businesses fail in the first 12 months mainly due to cashflow. One disputed invoice and their could be a major difficulty. For example I had an invoice disputed after three months because I had charged UKP5 less than the quote and I had rounded the VAT down to whole pounds.
I hope I will be proved wrong.
Peter Wardle
The pay on offer is 10% more than the BAJR recommended maximum for the grade. While I support the sentiment of paying people more it has to be sustainable. Equally increased wages with increased experience are promised. I am unsure how far this is possible for a business start up.
If just 10 people are employed there is a cashflow of about 25k till the first cheques arrive assumming people are paid monthly (ignoring start up costs).
On the business training courses I went on we were told that 50% of new businesses fail in the first 12 months mainly due to cashflow. One disputed invoice and their could be a major difficulty. For example I had an invoice disputed after three months because I had charged UKP5 less than the quote and I had rounded the VAT down to whole pounds.
I hope I will be proved wrong.
Peter Wardle