Umbrella company holiday pay

Umbrella company holiday pay

Umbrella company holiday pay

Whenever there is a holiday period coming up, you may well be thinking about the holiday you need to take to spend time with your family. Contractors can find themselves facing a period of no work and, therefore, no pay when the festive season approaches.

One of the great things about contracting through an umbrella company is that you’re entitled to 28 days paid holiday per year, just like all employees. Unlike holiday pay through standard employment, you have two options for how you receive your holiday pay.

Holiday pay for umbrella company contractors

Option 1: Holiday pay in advance

This is our default option and is what most people choose. You’ll be paid 12.07% of your pay as holiday pay each month in advance of you taking holiday. This means when you do take holiday you won’t get any additional pay.

Option 2: Accrued holiday pay

You can choose for your holiday pay each month to be put aside in a separate pot. You can claim from this pot when you need to take leave. It’s your money to claim whenever you need it.

Some umbrella companies will only offer one of these options, so it’s important you check what’s available and whether you can change your mind before choosing your umbrella company.



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The future of flexibility

The future of flexibility

The future of flexibility

Jay Gadher, Operations Director at Husp

Jay Gadher, Operations Director at Husp

Jay talks about the changing shape of the flexible workforce. What does flexibility really mean and will regulatory change really shift the current landscape?

There has been a huge amount of speculation in the market about what the future of flexibility and particularly the contractor workforce will look like following the changes to the off-payroll working regulations (IR35) in April 2020. Whilst these are bound to have an impact on the way companies engage with contractors, the need for a flexible workforce will remain.

Flexible working has two widely used meanings: flexibility in the way you carry out your job, for example flexible hours or locations and flexibility in terms of additional temporary resource. Both of these types of flexibility are on the rise.

Flexibility of operating whether that is through different hours or working in different locations is becoming an expectation for job seekers. The standard 9-5 hours in the same office everyday is less and less likely to be the experience workers have having. However, there are operational challenges to offering this type of flexibility and technology is core to meeting the increasing expectations from workers that they can choose both when and where they work.

When it comes to additional temporary resources, companies will always have projects and incidents which mean that they can’t manage their workload for a certain period of time using just their permanent headcount. Therefore, there is always going to be a market for contractor resource to bring their experience and skills into the company for the duration of the need. This market has been growing in size with many people choosing their contracting career to give them a wider choice of work, more opportunity to take breaks in their career to follow other interests and a greater experience of both types of work and different companies.

Umbrella companies are likely to become more and more important in meeting contractor needs. And the ability to provide continuous employment across changing contracts means that people choosing this type of work don’t need to miss out on all of the benefits of a permanent role while still maintaining the flexibility of contracting.

I believe the future of flexibility is bright, and whilst the landscape may shift and change over the coming year, there is increasing demand and opportunity on the horizon.



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Your Contractor CV

Your Contractor CV

Your CV is vital as a contractor and it’s essential you make sure it’s right for the role you are applying for. My team reads hundreds of CVs every month and I’ve pulled together the top tips below to help you create a CV which will give you the best chance of landing the role.

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