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Adopting contractor solutions to staffing is the key to recovery, experts declare
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Written by Administrator
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Monday, 10 December 2012 17:26
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 Experts from the worlds of recruitment and contracting have been giving their responses to the chancellor’s Autumn Statement, and the need to foster more flexible working arrangements has emerged as a key theme.
Peter Cheese, chief executive of the Chartered Institute of Personnel and Development, said that the Statement “underlines that the road to recovery hinges on the continued ability of the UK’s flexible labour market to support employment growth in tough economic conditions.”
Employers will need to continue to improve productivity, employee engagement and innovation during “prolonged fiscal consolidation”, he continued, adding that the “new normal” was now characterised by a cluster of tough, volatile and uncertain conditions which were unlikely to go away any time soon. Building people management capabilities that facilitated rapid, agile responses to business fluctuations would be “the key to boosting national productivity”, he concluded.
It is clear from these comments that the CIPD believes that, while economic conditions remain so unpredictable, more businesses will need to turn to contractor solutions such as hiring Umbrella Company Employees in response to changing business needs.
Mr Cheese’s comments were borne out by remarks from a leading HR consultant, Tara Daynes, who is also a member of the CIPD. She believes that, for many firms, the costs of taking on more permanent staff are simply unsustainable at present.
Explaining that employers cannot gauge their long term needs with any degree of reliability under such skittish economic conditions, she pointed out that “a lot of the time they will actually have people on a short term basis with a view to potentially going permanent once they actually know what the future holds for them.”
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Last Updated on Monday, 10 December 2012 17:30 |
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Contracting earn on average twice the national average salary
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Written by Administrator
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Monday, 03 December 2012 10:14
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A study polled 1,000 self-employed workers and discovered that the average annual income amongst them was £50,820, which is almost double the national average of £26,093.
New research from accountancy firm Boox suggests that people who choose to make a living through contracting earn on average twice the national average salary.
A study polled 1,000 self-employed workers and discovered that the average annual income amongst them was £50,820, which is almost double the national average of £26,093.
The firm's commercial director, Phillip Venn, said: "This report really lays bare the remarkable changes happening in the self-employed sector. Self-employed workers now account for 12.4% of the UK workforce, a 20-year high. The economic climate has forced a lot of people out of work and many have used the opportunity to set up business for themselves. Ironically, this employment shift has become one of the positive drivers in the stuttering economy."
The study does not specifically mention the number of people who leave permanent salaried roles to work as Umbrella Company Employees, although they too are increasingly key players in the UK's growing flexible workforce.
The higher incomes may largely be due to the fact that contractors and self-employed workers actually work harder and longer during the week than most salaried employees: the survey found that 40% work more than 41 hours per week and 59% frequently work over the weekend. 15% work more than 35 weekends during the year, and 15% work in excess of 51 hours each week.
Dr John Glen of the Cranfield School of Management said that contracting and self-employment not only means workers get to earn more than they could in permanent roles but also that their expanding numbers are "beneficial for government because it is a key driver of wealth creation, employment and diversity."
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Last Updated on Monday, 03 December 2012 10:34 |
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25% of business are unaware of PAYE RTI
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Written by Administrator
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Wednesday, 14 November 2012 17:26
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25% of business are unaware of PAYE RTI; is this you?
Let's examine why chairman of the Federation of Small Businesses (FSB), John Walker, is worried that the RTI scheme will "flop".
Real-time Information (RTI) is due to come into force from April 2013, and will see companies report changes as they occur, instead of at the end of each financial year.
Have a look at the stats to why John Walker is worried: -
FSB POLL = 1,700 SMALL BUSINESSES
 25% are "unaware" of RTI 16% were "fully ware"
60% have had no communication from HRMC on RTI
66% believe that RTI won't simplify the payroll process
One of the largest worries is; does anyone know what the penalties are from submitting inaccurate or late data? This is a massive worry as this could jeopardise SME's growth in 2013/14. Lack of understanding and knowledge will cause businesses to focus more of their monthly/weekly payroll operations to make sure they don't incur penalties leading to either a drop in sales or increase in operation costs.
John Walker said:
"With only six months until RTI is due to be implemented, the FSB has real concerns that not enough businesses are aware that is just around the corner…We’re concerned that it could flop if government does not step up its game in communicating the changes.
“There are a number of steps that a business must complete before they can provide RTI to HMRC so it is critical that those affected know about it. Of the very small number of firms that are aware of the change, 30% have had to buy new software for their business. HMRC needs to act now so that all small firms can prepare their business as they only have six months in which to do it.
He added: “Without adequate communication and education from government, small firms won’t be able to prepare. It just isn’t fair if they’re then penalised for not complying.”
The HMRC spokesman said "We intensified our RTI Communication drive a few weeks ago as customer research shows that six months before it starts - in April 2013 - is the best time to engage with employers"
Research shows that 17% of HMRC-accredited software providers have said they are not planning to be RTI-ready, while a further 45% don't know if they will be supporting RTI. Find out from your payroll provider whether their systems they have in place will be RTI ready and ask the question what are they doing to make sure my business will be RTI ready and will not be penalised as of April 2013.
If you are unsure on what payroll data will need to be cleansed so that your payroll is RTI ready please click here
Or if you would like to speak to a payroll advisor on RTI call  020 87460971
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Last Updated on Wednesday, 14 November 2012 17:30 |
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Written by Administrator
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Monday, 12 November 2012 16:00
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Real Time Information: Timing of real time PAYE returns
HMRC has been working closely with stakeholders who have demonstrated that in a small number of cases reporting information in real time would be difficult or impossible. To make reporting easier for employers in these situations HMRC is proposing to allow extra time in some cases.
HMRC propose up to 7 days to report PAYE information where;
Payments which vary depending on the work done, where it is impractical to report in real time - such as:
- a crop picker paid in cash at the end of the day, when their pay is based on how much they have picked;
- or a casual worker in a pub paid at the end of the night
Payments to employees for whom employers do not have to maintain a Deductions Working Sheet (P11).
Read More....
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Last Updated on Monday, 12 November 2012 16:06 |
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Written by Administrator
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Thursday, 11 October 2012 15:50
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"Just four percent of employers cut back on temps because of AWR" - REC
Only four percent of employers reported that they had reduced their use of agency workers in direct response to the Agency Worker Regulations, according to on-going analysis of the impact of the one-year-old rules conducted by the Recruitment and Employment Confederation (REC).
Further findings from the REC’s Industry Research Unit that have been sent to new Parliamentary Under Secretary of State for Employment Relations Jo Swinson ahead of a meeting later this month include:
- Only one in 10 employers had stopped or significantly decreased the use of temporary staff in the seven months to April 2012. (A further 18 percent said they had marginally reduced their use of agency workers.)
- Of the 28 percent of employers who said they had in any way reduced their use of agency staff, two thirds said it was because of continued economic uncertainty and weak growth.
- Overall satisfaction with being a temporary worker increased from 43 percent to 52 percent in the first seven months of AWR’s implementation.
- Employer satisfaction with staffing agencies remains high, at 92 percent.
Read more...
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Last Updated on Monday, 15 October 2012 09:43 |
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