Finally, will there be financial support for the various forgotten groups?
Today’s latest ONS labour market statistics are unsurprising with 800,000 fewer people on payroll in December 2020 compared to pre-pandemic in February 2020, and unemployment has risen to 5%. Furthermore, job vacancies have been falling in the last couple of months. With businesses under continued pressure there is increased risk of their workforce being exploited, and the TUC reports a growing trend in “fire and rehire” tactics with almost 1 in 10 workers having to re-apply for their jobs but with less favourable terms and conditions.
Here at IWORK, we are aware of even more exploitative moves with employers forcing their staff to become self-employed or lose their jobs; meaning that their workers then have zero statutory rights or benefits. An alarming trend, so we talk to employment status specialist Rebecca Seeley Harris about the legal implications, you can listen in full here. Please forward on to anyone that might be in a similar situation.
Rebecca is also the person behind two COVID-19 financial support policies for forgotten self-employed people currently being considered by the government – DISS and TIGS. DISS is Directors Income Support Scheme and is similar to the Self Employed Income Support Scheme allowing directors to claim 80% of their trading profits before dividends were taken, and TIGS is Targeted Income Grant Scheme which would give a one-off grant to those that qualify, including newly self-employed and PAYE freelancers. These were debated last night in Parliament, and Jesse Norman MP, Financial Secretary to the Treasury, confirmed that they are being considered. We will keep you updated.
In a follow up to other podcasts discussing the loan charge, I chatted to Steve Packham, founder of the Loan Charge Action Group to dispel the myth that victims are themselves tax avoiders. This rhetoric continues to be pedalled by people who should know better, including some from within my own professional network in response to my interview with a victim. So this week we give the Loan Charge Action Group a right to reply with their informed view, you can listen here.
Don’t forget that another significant workforce policy change is almost upon us – off-payroll reforms are coming in April 2021. I’m delighted to be speaking at CXC Global’s webinar on Thursday to discuss the off-payroll changes, the implications, risks, and what exactly businesses need to do to make sure they are ready. If you fancy joining us for this interactive session, you can register here.
Don’t just take our word for it, here are just a few of the comments we’ve received so far
Elevate is a fantastic payroll service, knowledgeable, helpful, professional, and efficient. As an agency worker I have had dealings with many payroll companies and elevate is by far the best and I have never had a problem, would recommend to everyone and I will only continue to use Elevate as there is never any hassle.D. Andrews
I have been with Elevate for some time now, and I have always been paid on time. I have never had any problems at all, and they have been amazing whilst going through the difficult time of Covid-19. I can’t thank them enough.S. Wells
Elevate payroll are extremely professional and when any problem is found they are personal and help until a good conclusion, they were my preferred payroll company whilst I was working in Swindon on an office refurbishment.M. Lock
I would recommend elevate to anyone around Wiltshire/Swindon area and I would like to be paid by them again in the future
Professional and personal at the same time; fantastic.
I approached Daniel at Elevate to help me payroll a good size cohort of contractors. Daniel was always super helpful; thinking outside the box and coming up with ideas to support not just the contactors but for me as well. Daniel is always upfront; honest; flexible and above all, put my contractors at the forefront by always working hard to ensure they were paid on time or even early in most cases which always went down really well with the guys thus creating a better working environment. The team at Elevate have been readily available for any urgent queries and have been able to offer some great guidance. My contractors have valued being with Elevate and all of them hope to be able to stay with Elevate moving forward.Operations Director
I would go nowhere else to payroll now. I have been approached by many for the business; and its clear to me that Daniel will not only work over and above to maintain excellent customer/client services but will do so with the upmost integrity.
We genuinely feel like a partnership has been formed and wish all the best to Elevate and the team.