The Labour Government’s budget has landed. So, what does this mean for the umbrella industry?

Put simply the implications are huge.

To discuss the impacts being faced by umbrella companies, and the labour market I am privileged to be joined by Thomas Wallace, the Director of WTT.

Tom is an expert in the field of tax, having spent years with HMRC he now advises Parliamentary groups and writes for the Financial Times and The Telegraph on the subject.

So, there’s no one better to discuss the budget’s changes to national insurance, the challenges faced by businesses in adapting to these changes, the potential for redundancies, and the moral responsibilities within the recruitment industry.

We delve deep into the legal implications of non-compliance and the shifting responsibilities for umbrella companies and recruitment agencies.

This is a no holds barred, honest assessment of the budget, it’s strengths and shortfalls, as well as where the future of the industry lies.

Now more than ever is the time to come together, so listen carefully to what Tom has to say.

“I think the industry should consider itself on notice”– Tom Wallace

You'll hear about:

00:00 – The Umbrella industry is on notice

00:38 - An introduction to Tom Wallace

01:41 - The employers N.I. element of the budget

06:25 - Redundancies because of the budget

12:09 - The problem with assignment rate & pay rate

17:28 - Tax avoidance or tax evasion

23:27 - Key outtakes from the budget for businesses

27:49 - The shock of umbrella companies in the budget

34:18 - The biggest challenge from the budget

40:27 - The importance of coming together & educating

47:40 - How to get supply chains educated

54:38 - Timescales for umbrella companies to straighten up

01:02:28 - There are no easy answers to this

Connect with Thomas Wallace:

LinkedIn - https://www.linkedin.com/in/thomas-wallace-tax/

WTT Consulting - https://wttgroup.co.uk/

My resources:

LinkedIn - https://www.linkedin.com/in/robert-sharp-a9530142/

Orca Pay Group - https://orcapaygroup.co.uk/

Is your company doing the right thing with people’s data?

We all hear about data protection. We all see it on websites we visit with Cookie pop ups all over the place. But are managing it in an ethical way?

I wanted to explore this hugely important topic for umbrella companies with Luke Beckley, a data enablement specialist.

There have been several high-profile data breaches in the umbrella industry and it’s our obligation to get it right. We cover a lot of ground from the introduction of GDPR in 2018 to the impacts AI has had on data mining.

Luke highlights the need for organisations to understand and adhere to data protection principles. He also emphasises the importance of transparency and informing individuals about how their data is being processed.

There are risks and consequences of data breaches and the collection of personal data by organisations. We need to go beyond tick-box compliance and truly prioritise data protection.

“We need to ask, are we doing the right thing for the individual?” – Luke Beckley

You'll hear about:

01:53 - The changes in data regulation over the last 10 years

06:13 - The differences pre 2018 to now with GDPR

10:08 - The principles of GDPR

16:50 - What you need to know about Cookie policies

20:26 - Should you read every privacy policy?

24:24 - Data breaches in the umbrella industry

32:18 - HMRC demands on Data storage

40:05 - Making yourself as bullet proof as possible

43:06 - The risk of data Armageddon

49:48 - The obligations of recruiters

54:41 - The risk of AI to data

01:06:31 - Luke's final advice on data

Connect with Luke Beckley:

LinkedIn - https://www.linkedin.com/in/luke-beckley/

DC-Harmonised on LinkedIn - https://www.linkedin.com/company/dc-harmonised/

My resources:

LinkedIn - https://www.linkedin.com/in/robert-sharp-a9530142/

Orca Pay Group - https://orcapaygroup.co.uk/

The umbrella industry is full of challenges and opportunities.

Done right the perception of the industry could change for the better.

In this episode I am joined by Luke Shannon-Little, Managing Director of Bishopsgate Group and Founder of the Umbrella Leaders Association. Luke shares his journey into the industry and his specialism in the construction industry.

We delve into the different accreditations in the umbrella industry and the challenges they face in making a difference. We also talk about the lack of a regulatory body and the minimal government involvement in creating this.

Luke believes that collaboration and promoting the industry's positive aspects are key to creating change, as he has shown through his work with the Umbrella Leaders Association. He also suggests ways exploitation in the industry could be prevented.

Luke is testament to the fact there are good people in the industry creating the positive change that it needs.

“More businesses are starting to see the value of umbrella companies and the importance of doing things right.” – Luke Shannon-Little

You'll hear about:

00:00 – Start

00:48 - Luke's journey to Bishop's Gate

06:11 - The perception of umbrella companies’ importance

11:38 - Payment model compliance

15:30 - The construction model

20:43 - The Umbrella Leaders Association

32:34 - How do we shine a positive light?

36:55 - Luke's thoughts on accreditations

50:42 - What 3 things would Luke change?

54:03 - The enormity of the problem

01:00:22 - The power of technology and data

Connect with Luke Shannon-Little:

LinkedIn - https://www.linkedin.com/in/lslittle/

Bishopsgate Pay - https://bishopsgatepay.co.uk/

My resources:

LinkedIn - https://www.linkedin.com/in/robert-sharp-a9530142/

Orca Pay Group - https://orcapaygroup.co.uk/