The demand for a better outsourced PAYE payroll solution for temporary recruitment businesses is ever-growing, and we believe this is driven by the increasing and unprecedented pressure for recruiters to balance cost efficiencies via savings on operational costs with the need for strong compliance. Time, resource, and expenditure are always challenging for recruitment professionals, now heightened by the additional operational challenges presented by the COVID-19 pandemic. But the pressure on Compliance means the choice of outsourced partner is a critical one to get right.
The burden of constantly having to keep instep with the raft of complex and evolving legislation that governs payroll, its data and operation, and the associated time and diligence needed, is a very heavy one for recruitment businesses. So, it's clear that the industry urgently needs a robust, compliant and enhanced outsourced solution that is focused on commercial gains as well as a better experience for temporary workers.
As a commercial partner to the recruitment industry, HIVE360s approach to PAYE payroll outsourcing is a fully compliant ‘360-degree’ one. It’s a unique approach that takes in the commercial as well as the candidate needs of a business. It’s a future-proof alternative to the traditional umbrella company solution for PAYE payroll management. We’re adding value to recruitment businesses and giving them the tools to look after their candidates better.
Our 360-degree approach starts with streamlining payroll administration and managing pension auto-enrolment responsibilities, is complimented by access to free HR legal support and is underpinned by full HMRC and GLAA compliance throughout. And then we complete the solution by building into our offering as standard an enhanced package of wellbeing support, benefits and a unique mobile communications platform to provide a valued and supportive experience for the workforce.
There's cost-savings and support for recruitment businesses at one end, and enhanced benefits and wellbeing support for workers at the other.