On Friday 20th of March, the government unveiled details of a job retention scheme (furlough) to help all UK employers retain their employees whose roles have been adversely affected by the coronavirus. The government guidance was updated on the 4th April 2020 including reference to umbrella workers.
Umbrella employees are paid a combination of National Minimum Wage and a bonus. Based on the current guidance, the 80% furlough payment would be based on National Minimum Wage, which we believe is unfair and we are campaigning to have this changed. As this is an industry-wide issue, we are working with trade associations and HMRC to seek urgent clarification that the calculation of payments to umbrella employees can include bonus payments.
In the meantime, we will be moving ahead by reaching out to and registering eligible employees onto the furlough scheme with the intention to pay the maximum we can based on the government guidance.
applicant tracking system
umbrella & PEO & PSC
We understand the challenges you are facing at this time and how incredibly busy you must be trying to get everything in place so you can continue contracting compliantly!
That’s why we have a website dedicated to supporting you where you will find FAQ’s for giant umbrella, an example cost breakdown of your net pay, booklets talking about the benefits, more information on our award winning benefits package and more! We also have a range of white papers to help you understand the off payroll working legislation which is driving the IR35 changes from April 2021.
With us, you can complete the full umbrella joining process online meaning you don’t have to speak to anyone at all if you don’t want to! Oh and by the way, when you join online our margin is only £14 per week.
the Good Work Plan
The Good Work Plan includes legislation stating that recruitment agencies must provide all workers with a key facts page detailing the deductions they can expect to see once paid.
To learn the other ways the Good Work Plan will impact your business, please download our whitepaper here.
With us, your candidates can complete the fully join online meaning your candidates don’t have to speak to anyone at all if they don’t want to!
Oh and by the way, when sign up is completed online our margin is only £14 per week!
Your candidates can join here
If you would like some or all of your limited company contractors’ assignments assessed, we can provide this service using independent tools and the government’s CEST tool.
supporting your start-up
New recruitment agency? We will provide you with funding, smart back-office technology and support services allowing you to focus on what you do best!
supporting your growth
Looking to gain a competitive edge? We invest heavily
in our software so you have a branded, highly configurable, and secure platform to provide significant efficiencies and leverage your growth, regardless of size.
an introduction to screening
Are you losing candidates to a painfully long on-boarding process? All giant screening processes are designed for speed and efficiency to positively affect the time to hire — allowing you to focus on recruitment.
Managing and understanding risk is essential. We know it’s important to you, so we become experts in industry legislation, employment and tax laws. The team at giant can advise on current and pending legislation in order for you to eliminate risk and stay compliant, as well as carry out candidate and supplier audits.
Legislation is often complex and fully understanding it and it’s implications can take significant time and resource. At giant, this is what we do and we anticipate changes that affect the industry and provide the technology you need to remain compliant.
We offer you expert advice on the correct employment and tax classification of your candidates with adherence to the IR35, Off-payroll working and Intermediaries legislation, and of course we advise on the risks of non-compliance and whether the criminal finance act could impact you.
Our adherence to the rigorous international security standard ISO 27001 ensures we can accept responsibility for GDPR so you have no financial and reputational risk.
support for your candidates
At giant, we’re here to help your candidates and thousands of other independent contractors make the most of their income. With a smart mix of technology, expertise, compliance and care, your candidates can benefit from our almost 30 years of award-winning experience.