
So, there’s now a stack of senior people on the market. Brilliant, uber-creative, award-winning, hugely experienced, super-professional, multi-skilled, immensely talented people – you get the idea – but out of a job. The dirty part of this is that you can now pick these folk up in the bargain basement Sale called freelance. With daily rates unchanged in 10 years, £350 a day if you twist arms, agency bosses are laughing all the way to the bank. Even at £350, they’ll barely be earning the wages they were used to without any security whatsoever or holiday pay.
But look at it from an agency’s point of view. Get rid of your heavy hitters through redundancy then call them back in freelance on less money and you can lose them at the drop of a hat if things go quiet.
Now look at the bigger picture. Every agency is hungry as hell. Clients can pitch any project they like these days for free. Why pay for work when you can call on as many agencies as you like and they’ll willingly pitch stacks of brilliant work for nothing? And why bother restricting yourself to your incumbent agency when you can ask anyone to show you work and get everyone to undercut each other? Some call it ‘business’ – getting the best ‘deal’ whichever way you can. We’re all corporate whores after all. The difference is agencies are getting screwed right, left and centre. Then they screw their staff. And nobody makes any money. Blimey, this is sub prostitution. And the client gets sub-standard work because they’ve shafted the agency.
The funny thing is, DM agencies and Clients have talked about ‘Loyalty’ programmes for years. Loyalty? You must be joking. They’ve ignored this idea for a long long time.
And why is it that wages haven’t changed in 10 years either? Perhaps it’s a) because we haven’t progressed in 10 years in terms of billings (what sort of retarded industry would that make us?) b) because there are too many agencies out there wanting their share of the pie or c) because agency owners are creaming it all off? Personally, I think there’s a mixture of all three. In terms of c), I know of an network agency where one of the Directors would award himself 50% of the annual bonus allowance then divide the rest between the staff – all 100 of them… Happy Christmas guys.
Come the revolution, we’ll all know the good from the bad from the ugly. Just watch the movement when financial times change and things pick up. The good agencies should clean up.
Chris Catchpole
Creative Consultant
Chair of the DMA Creative Forum