What is an Assignment Rate?
An Assignment Rate is an uplifted hourly rate paid by the recruitment agency to Exceed Contracting.
It is not the rate that the CIS Subcontractor would receive, as it includes Exceed's margin.
It is not the rate that your Umbrella candidate would receive, as Exceed will need to deduct the following to calculate their Gross Salary:
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Holiday pay and related employment costs, if holiday pay is accrued.
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Employment costs such as Employer’s NI and the Apprenticeship Levy.
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Exceed’s margin per weekly timesheet.