our people
The (small) team behind Talent Professionals
our people
The (small) team behind Talent Professionals
CONTRACT ZONE
you're already contracting or looking to start...
"You're in good hands, I have 12+ years experience recruiting into the contract market with roles ranging from business-as-usual Financial Accountants, Management Accountants, Finance Managers, etc... to Finance Transformation, Finance Projects, Business Process Owners and Systems Implementation."
- John
As you'll be aware, the implementation of IR35 means that the contractor landscape is quickly evolving, this along with the impact of COVID 19 means an increasingly mobilised workforce with new working-from-home policies, etc. This in turn means the pace at which vacancies are being filled is faster than ever. Demand is high for good contractors.
With all of this we're here to help where we can through in-house expertise and a close network of relevant specialists where needed.
The recruitment process for contracting is almost exactly the same as the permanent process - take a look at the perm process here - and we offer the same amount of help with preparation. However, the speed at which the interview process works is normally far quicker. Often it’s a one-stage interview process vs. two (or sometimes even three) for perm, and if successful you will receive an offer either on the same day or sometimes the next and will need to be available to start at short notice.
If you’ve never contracted before there will be a bit of work to do before starting, such as deciding if you want to set up your own Ltd company or go through an umbrella company. If through your own Ltd company then you will also need to set up a business bank account, potentially register for VAT, organise business insurance, etc (see below). We’ve got lots of experience in this area so can point you in the right direction if needed.
onboarding
Whether you're beginning contracting for the first time or starting a new contract, our aim is to make the onboarding process with your new employer as easy as possible for you once you've secured a role.
As a contractor there are various bits you need to provide to ensure we meet all the necessary compliance. You will either be operating through your own company or via an umbrella company, or post IR35 on PAYE. The requirements differ depending on which it is.
Limited Company
COntractors
Completed New Starter form
Providing other relevant information.
Insurance certificates
You must have both Public Liability and Professional Indemnity Insurance
Copy of passport
To verify your identity
Via an
umbrella company
Completed New Starter form
Providing other relevant information.
Copy of passport
To verify your identity
During assignment
During an assignment with us, we are your primary point of contact for anything assignment-related whilst you’re on-site with our client. There are a few things you can expect to do during the assignment which will ensure that things run smoothly and you get paid on time.
01
timesheet management
Irrespective of whether you’re contracting through your own Ltd company, an umbrella company or PAYE it’s good practice to make a note of the days you’ve worked (and any client expenses) as you go along by adding them onto RSM InTime (our timesheet portal) vs. on the last working day of the month. It’s important to note that if you add the days worked as you go along that you must click ‘save’ (not ‘submit’) until the month is complete. At that point it’s OK to submit the days for line manager approval. You can find RSM InTime Resources here.
02
invoicing
If you have your own Ltd company then you need to send us an invoice for the days worked plus any client expenses. They need to be approved by your 'approver' for any payment to be made.
Umbrella contractors will also need to let their umbrella company know how many days they’ve worked in a given month for the umbrella company to invoice us directly.
03
payment process
Once your days worked have been approved we can then process everything for payment. We do this on a Thursday for payment on Friday.
Ltd Company Contractors
You need to send us your business invoice in time for processing on Thursday.
Umbrella Company Contractors
In conjunction with completing your days worked on InTime you also need to provide your umbrella company with the same information. They will then invoice us, we pay them and they pay you.
PAYE Contractors
Once your days worked have been approved we will process everything less deductions.
Weekly
Our weekly contractors get their timesheet in for approval and invoice submitted to us no later than 5pm on a Wednesday following the week they've just worked. This means it will be processed and they'll be paid at the end of the week.
monthly
Our monthly contractors submit their days worked on the last working day of the month. Depending on when this falls, if we can get the timesheets approved in time then we will process everything for payment on the closest Friday. If it’s not possible (i.e. the last working day falls on a Weds / Thurs / Fri) then processing and payment is the following week.