Today the modern world of work sees the rise of the contingent worker.
Work is changing, it’s time to catch up.
Organisations are moving away from the traditional approach of salaried employees to a mix of staff, freelancers and contract workers, which has opened up opportunities for flexible workers like never before. The labour and skills of these contract workers are now very much in demand.
But how temporary workers are managed and paid is still very paper-based and time-consuming for everyone involved.
Workers are choosing flexibility
Today’s dynamic, flexible workforce is revolutionising the world of work. Where previously a temporary job was often seen as a stepping stone to a permanent position, as shown in the results of our recent contractor survey, it is now very much becoming a lifestyle choice.
A double-edged sword
Yet this new approach to work at times is proving a double-edged sword for all those involved in the supply chain as they sprint to catch up and adapt.
Outdated Approaches
As the numbers of contingent workers dramatically increases across the UK, Government and HM Revenue and Customs (HMRC) are also quickly waking up to this new world of work, Clamping down on tax-loopholes and outdated approaches that were previously exploited by many, to engage and pay temporary workers.
HMRC CLAMPING DOWN
ON TAX AVOIDANCE
ON TAX AVOIDANCE
Every week the media are reporting on new cases of HMRC investigating end-hirers, recruiters and contractors for tax avoidance. Many individual workers have been faced with tax bills for backdated unpaid taxes, in cases where they have unknowingly used a non-compliant tax-based solution to receive their pay.