Why use an agency?
Employment costs
We aim to save you money
Demand for your products and goods will fluctuate over the course of the year. Using Agency staff, allows you to cut your cloth to suit your means. You can have exactly the right number of staff depending on what your needs are. This will give you a substantial saving on your annual labour bill.
Today, the total costs of employing staff directly can be very expensive.
Example: A company pays an employee £6.00/hr. In addition to this cost, it is important to remember that the company will also pay:
| Extra costs | Additional £ |
|---|---|
| Holiday Pay 20 Statutory days & 8 Bank Holidays |
11% |
| Employers NIC | 8% |
| Statutory sick pay | 2% |
| Miscellaneous costs i.e. Payroll administration costs Maternity & paternity pay Advertising costs |
3% |
| Total additional costs | 24% |
Total actual hourly cost to the company: £6.00 + 24% = £7.44
Employment legislation
The legislative burden of employing people today’s world, is very large. Companies need to ensure that they comply with a raft of legislation, that is increased every year. Much of it is complicated and if a company fails to comply with the regulations, the resulting fine can be large.
- Stakeholder Pensions
- Maternity and Paternity Pay
- Flexible Hours for Workers
- Statutory Sick Pay
- Parental leave
- Working Time Directive
- Redundancy Payments
- Contracts of Employment
- Working Families Tax Credit
- Holiday Pay
- Increasing Payroll Responsibilities, including
- CSA payments
- Student Loan repayments
- Council Tax debt payments
- Part-time Workers Prevention of Less Favourable Treatment (Regulations)
- Increasing Discrimination Payments
- Increasing Unfair Dismissal Payments
Would your company prefer to let someone else take on these responsibilities for you?
Rapid Employment take on these responsibilities and costs. If you employ a worker through an Agency, such as Rapid, you need not worry about the mass of rules and regulations. You can concentrate on your core business and focus your valuable time on improving efficiency and effectiveness.
