03333 449 460
Subscribe to our Blog

UK Skills Shortage

Posted 16-01-2014 by Ifan

As the British economy continues to recover, many industries that were previously faced with a job shortage are now having to deal with a skills shortage. This stark change will benefit contractors in many sectors, particularly those working in IT, for years to come as industries compete to make their vacancies as enticing as possible.

In the case of IT, the surge in new positions is not simply due to the new economic climate, but also due to a requirement for expertise in new IT channels, such as cloud and mobile software, as well as a renewed awareness of the importance of cyber-security (in light of the recent spree of cyber attacks and NSA scandals). Skills for these roles in particular are in short supply, and so salaries for such positions are expected to rise by at least 4% this year, compared to the national average of 2.5%.

This is according to Robert Half Technology’s ‘Salary Guide’ for 2014-2015. Contractors with skills in security, cloud operations, data analysis, e-commerce and mobile will not only find an abundance of contracting opportunities in 2014 but also lucrative pay rates. Having to decide between multiple lucrative contracting positions – what a wonderful problem to have!

Christmas Updates

Posted 17-12-2013 by Ifan

Express Payments over Christmas

Our Express payment service which gets payment to you by 1pm will not be available during the Christmas Period (27 December – 31 December).

We will process Express Payments again from Wednesday 2nd January 2013.

Christmas Opening Hours

The office will be closed from the 27th of December until the 2nd of January 2014 for phone and expense processing.

Payments will be made on 24, 27, 30, 31 December providing cleared funds reach our bank account by 11.00am and are accompanied by a remittance advice.

Expense Receipts for payments during the Christmas Period

Please send any receipts, and enter corresponding claims, to reach the office by 18 December for expenses to be included on payments between 23 December and 2 January 2014.

Thank you for your support in 2013 and we look forward to working with you in 2014!

UK Recruitment to top pre-recession figures by the end of 4th quarter of 2013

Posted 06-11-2013 by Ifan

UK Recruitment to top pre-recession figures by the end of 4th quarter of 2013

There have been many signs that our economy is on the mend this year, but no signs have been more affirming than recent figures indicating that the recruitment industry is not only thriving, but is set to improve upon pre-recession figures. According to the Recruitment and Employment Confederation’s (REC’s) latest survey, recruitment industry turnover reached £26.5 billion in 2012/13, while growth jumped to 3.1% since 2011/12. Assuming that this trend continues, growth for the industry will increase to 7.3% by 2013/14, 8.3% in 2014/15 and 9.6% in 2015/16. This is a most reassuring improvement over British recruitment industry’s pre-recession peak of £27 billion and achieve a turnover of £28.5 billion by the end of March next year.

The 2012/13 market value of £26.5 billion is comprised of £24.1 billion (91%) from temporary/contract business and £2.4 billion (9%) from permanent recruitment activity. The year-on-year increase in revenue exceeds the 2% growth predicted. This has been achieved via a 12% increase in permanent recruitment volumes and a 2% increase in temporary and contract staffing volumes.

Other key findings from the Recruitment Industry Trends Survey 2012/13 include:

  • The percentage of job-hunters who secured permanent positions through recruitment agencies rose by 12% in 2012/2013 compared to 2011/2012.
  • The previous headline of mass unemployment that has characterised the recession has been replaced with the issue of skills shortage due to the rapid increase in vacancies – what a wonderful problem to have!
  • There are 1.1million agency workers fulfilling temporary roles in workplaces across the UK at any time, about 4% of the total workforce. On average, each consultant working in temp/contract staffing had 32 people on assignment on any given day.
  • Headcount within the recruitment industry increased by just 0.9% to 93,610. This marks the third consecutive annual increase in the number of people working in the recruitment industry, but the new total is still below the pre-recession figure of 108,833 in 2007/08.
  • Commenting on the report, REC chief executive Kevin Green says:
    “The year to April 2013 saw growth for both temporary and permanent recruitment, with the temporary/contract market achieving its highest annual turnover since records began.
    “Recruiters are resilient and in difficult times have been working harder to deliver more for less, to cost-conscious clients. We’ve seen the market mature, with consolidation by large and medium sized businesses acquiring smaller operators, and the remaining small agencies have had to carve out specialist niches in order to survive.

    “As the recovery gathers pace, the difficult restructures that firms have put themselves through, including significant numbers of branch closures, could begin to deliver impressive dividends. As revenue grows, efficiencies will deliver margin improvements and increased profit. This is why we have upgraded our growth forecast to 7.3% by the end of this year and are predicting even greater acceleration in the following two years.”

    We at Redego Umbrella welcome this latest trend and hope that British employment will continue to prosper.

    New Deals for Contractors

    Posted 17-07-2013 by Ifan

    The heat must have got to us here at Redego – what else could explain the fact that we are practically giving money away with our two new deals!?

    £100 Refer a Friend!

    What could be better than receiving £50 for doing no more than referring a friend to our service?

    Knowing that the person you referred also received £50 AND is now benefiting from our great service, just as you are!

    Fill in this form to refer a friend.

    It’s Fun to Introduce!

    We at Redego regularly encounter new recruitment agencies through contractors that have benefited from our umbrella service. To build on this, therefore, we have recently launched a rewards scheme aimed at any contractor that introduces a new recruitment agency to us. You will receive a £50 fee refund when you begin a contract (must last six weeks or longer) for an agency with whom we have never had any previous dealings with. You will be notified by email should you qualify.

    New smartphone app – send in your mileage claims and fuel receipts by text!

    Posted 07-05-2013 by Ifan

    As you currently submit mileage claims and send your fuel receipts by post, to make life easier we’ve developed a smartphone app to help ease the administration

    If you have an Android phone (2.2 or above) or an iPhone you can download the app for free and submit your fuel receipts from your phone. Rest assured the iPhone version is coming soon.

    This is the first version which we are releasing to our clients. It has been extensively tested, but please let us have your feedback. We’ll be extending the functions soon, so you will be able to send other receipts and enter claims on your phone.

    Submit mileage claims and fuel expenses with our iPhone app

    Submit mileage claims and fuel expenses with our Android app

    Refer a friend and earn £100

    Posted 12-12-2012 by Ifan

    Tags:

    Do you know anyone who would benefit from our services? If you refer a friend to Redego you’ll receive £100 per referral! *

    Click here and submit their email address and contact number and we will do the rest!

    * Once you’ve both completed 6 weeks payroll with Redego.

    New Android App – no need to post fuel receipts!

    Posted 20-11-2012 by Ifan

    As you currently submit mileage claims and send your fuel receipts by post, to make life easier we’ve developed a smartphone app to help ease the administration

    If you have an Android phone (2.2 or above) you can download the app for free and submit your fuel receipts from your phone. Rest assured the iPhone version is coming soon.

    This is the first version which we are releasing to just a few of our clients. It has been extensively tested, but please let us have your feedback. We’ll be extending the functions soon, so you will be able to send other receipts and enter claims on your phone.

    Have you considered other payment options?

    Posted 11-11-2012 by Ifan

    As a freelancer the way you are paid should be determined by the nature of the work carried out.

    A freelancer might be one of the following:

    - short term employee of a client or an agency
    - employee of an ‘umbrella’ company
    - self-employed individual
    - director and shareholder of a limited company (also known as a personal service company or PSC
    Advantage and disadvantages of each option

    Umbrella
    An umbrella company, in addition to the agency PAYE legal provisions regarding salary etc, also allows you to claim bona fide expenses, which means more pay in your pocket. You have no admin, no commitment, no hassle and no limited company statutory or legislative worries and responsibilities.

    Self-Employment
    A self-employed individual is usually paid gross, unless working on a construction project, and simply needs to keep a record of their business related income and expenditure and submit accounts once a year to HM Inland Revenue with their self-assessment.
    All agencies and some clients may not agree to contract on a self-employed basis.

    Limited Company (PSC)
    Setting up a limited company should not be a short-term proposition, as it requires genuine commitment. Managed properly, running your own company has a number of advantages: being in control of your own business, the freedom this brings and the ability to optimise your income.

    With all this in mind, you need to make sure your decision to freelance is primarily a lifestyle choice.
    Don’t be influenced by employment and tax laws as they undoubtedly change.

    We will guide you through the legislation and compliance procedures and any changes to them, and you can be confident that you are receiving the best accountancy support and working as safely as possible.
    Our accountancy, tax advice and support services remove as much of the administrative burden as is appropriate and provide guidance, to ensure you meet your responsibilities.

    You can call us to discuss any questions you may have about our services, or if you need help in assessing other accountancy and support services you have come across.

    Once you have made your mind up, getting started is extremely easy.

    Agencies Now Signing Contracts Online

    Posted 18-09-2011 by Ifan

    Web-based service SignatureSense.com is gaining momentum in the recruitment industry by allowing contracts to be signed online, by all parties, in a matter of minutes.

    The conventional approach to signing and returning contracts (a combination of post / fax and email) is often the ‘bottle neck’ in an otherwise efficient placement process.

    Larger big-budget agencies have been using “electronic signatures” to sign contracts for years, however SignatureSense’s low monthly subscription fee for agencies makes this modern business practice available to even the smallest of companies.

    Alan Whitford, industry veteran and founder of RCEuro.com, the Pan European community site for recruiters, commented on SignatureSense:

    “I think that this offering should be a ‘no brainer’ for recruitment businesses, where the time lost in the administrivia of contract administration can lead to lost revenue and poor client service.  The electronic signature ‘wrapper’ is ideal for confirming NDAs, Terms of Business and Contractor Agreements, all in real time. We will certainly be using the service for our future agreements at RCEuro.”

    Jon Richardson, Founder of SignatureSense added:

    “We are really excited to see that Agencies find such a direct benefit in using our service.  It’s only a matter of time before electronic signatures are common-place, so the ‘early adopters’ are making the most of a great competitive advantage.”

    Related Sites:
    SignatureSense- ww.signaturesense.com
    RCEuro – www.rceuro.com

    Working Time Regulations

    Posted 11-02-2011 by Ifan

    Redego are now able to offer real-time reporting of working hours to agencies.  This enables agencies to ensure that the Working Time Directive (WTD) regulations are being complied with and the added ability to plan future projects with reference to hours worked.
    “Agencies can view reports showing which contractors are close to exceeding their maximum average hours” states an Redego spokesperson.  “this makes compliance and planning much easier for agency consultants.  Whilst we always ensured our workers are given their statutory rights, this new system shows agencies and their clients that we are doing this and gives them the ability to use the data to plan furture work.”
    The new online system is especially useful for workers on project rates where it has been difficult to monitor rest breaks.  “Its proving particularly popular with agencies who engage manual workers on project rates – the risks of injury and reducing quality of work are much greater for these categories and end-clients want to know its being managed properly.
    The new online system lets workers input their rest breaks with the click of a mouse as they submit their timesheet and is very simple for contractors to use.
    [image here]
    ::
    Under the WTD regulations, all employers have to ensure that workers have adequate rest-breaks:
    maximum hours worked – avg 48 per week in 17 week rolling period
    adequate rest breaks, so workers do no more than:
    13 hours in any 24 hour period (day) – cap of 13 x 6 = 78 hours
    1 days off (rest days) in every 7 day period (week)
    statutory minimum holiday periods (28 days not working in addition to ‘rest days’)
    Whilst this is the responsibility of the employer (the umbrella company), most clients and agencies reckonise their responsibilty in ensuring they only use compliant umbrella companies that can show they are acting responsibly to protect workers’ welfare.
    Another benefit of the new system is greater accuracy when calculating contractors’ National Minimum Wage (NMW) which is a key contractual element of remuneration in most umbrella companies.  Getting this wrong, can attract attention from HM Revenue & Customs (HMRC) both on breach of NMW legislation but also PAYE/NIC compliance as contractor expense claims are invariably affected by minimum wage.

    Redego are now able to offer real-time reporting of working hours to agencies.  This enables agencies to ensure that the Working Time Regulations (WTR) are being complied with and the added ability to plan future projects with reference to hours worked.

    Agencies can view reports showing which contractors are close to exceeding their maximum average hours.  This makes compliance and planning much easier for agency consultants.  Whilst we always ensured our workers are given their statutory rights, this new system shows agencies and their clients that we are doing this and gives them the ability to use the data to plan future work.

    The new online system is especially useful for workers on project rates where it has been difficult to monitor rest breaks.

    Its proving particularly popular with agencies who engage manual workers on project rates – the risks of injury and reducing quality of work are much greater for these categories and end-clients want to know its being managed properly.

    The new online system lets workers input their rest breaks with the click of a mouse as they submit their timesheet and is very simple for contractors to use.

    Under the WTD regulations, all employers have to ensure that workers have adequate rest-breaks:

    • maximum hours worked – avg 48 per week in 17 week rolling period
    • adequate rest breaks, so workers do no more than:
      • 13 hours in any 24 hour period (day) – cap of 13 x 6 = 78 hours
      • 1 days off (rest days) in every 7 day period (week)
      • statutory minimum holiday periods (28 days not working in addition to ‘rest days’)

    Whilst this is the responsibility of the employer (the umbrella company), most clients and agencies reckonise their responsibilty in ensuring they only use compliant umbrella companies that can show they are acting responsibly to protect workers’ welfare.

    Another benefit of the new system is greater accuracy when calculating contractors’ National Minimum Wage (NMW) which is a key contractual element of remuneration in most umbrella companies.  Getting this wrong, can attract attention from HM Revenue & Customs (HMRC) both on breach of NMW legislation but also PAYE/NIC compliance as contractor expense claims are invariably affected by minimum wage.