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Posted 8th April 2015

The benefits of using an umbrella company for contractors

Each year thousands of contractors and agencies choose to use an umbrella service and thousands to those workers choose Exchequer Solutions as their umbrella provider.

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If you’re not sure about the services that an umbrella company can provide to contractors or what your choices are we have created this article to help explain.

Exchequer Solutions exists to help contractors and recruitment agencies alike. Below is a brief list of some of the things we will do for you if you are a contractor operating as an employee of Exchequer Solutions:

• We will let you know at the outset what you can expect as an employee of Exchequer Solutions, this includes a financial expectation based on your standard hours, rate and expenses to help you make a decision on whether you join us and to help with your budgeting

• We will give you an employment contract together with statutory rights such as SSP, SMP, Sick Pay etc

• We will therefore give you employee status. We will auto-enrol you on our pension scheme

• We will provide you with a sample payslip and an expenses policy so that you have clear information upfront and can ask any questions

• We will work very hard to make sure we get your pay correct every week, if there’s a query somewhere we will work in the background to get this resolved and make sure your correct pay is in your bank by close of the week

• We will answer any question that you have honestly and accurately to the best of our ability

As with all companies looking for prospective employees, we sincerely hope you will choose to join our growing workforce and enjoy all of the benefits of working for an umbrella company. You can find out more about becoming an umbrella employee with Exchequer here.

Going down this route is just one option available to you. If you don’t feel that working with an umbrella agency is the right choice for you at this point in time, then you also have the option to be paid directly by a recruitment agency or you may want to consider setting up a limited company. You can find out more about running your own limited company here.

Our team is happy to discuss any questions with you, so if you are unsure on anything relating to using an umbrella company for contractors then please get in touch.

If you would like to join us, please call our registrations team on 01244 500195.

Read some of the feedback we receive here.

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