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Both business and government can help with growth

(2 minutes to read)

REC: ‘Firms can help themselves by taking innovative approaches to how they hire, working with recruitment professionals. They should also consider their offer on both flexible work and employee engagement as part of a wider recruitment and retention strategy’.

The Office of National Statistics has published its latest labour market update with data showing both positives and negatives.

Neil Carberry, Chief Executive of the Recruitment and Employment Confederation (REC), commented on the ONS findings, “These figures show some gentle progress on bringing people back to the labour market, and overall employment remains high.

“But we should be concerned by the high number of people who are economically inactive because they are sick, and progress on tackling inactivity overall is too slow. It is a year since the ONS reported on high worklessness, labour shortages and high inflation and too little has changed. This is holding the economy back by constraining companies’ ability to grow.

“There is work for both business and government to do to address this. Firms can help themselves by taking innovative approaches to how they hire, working with recruitment professionals.”

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Neil added, “They should also consider their offer on both flexible work and employee engagement as part of a wider recruitment and retention strategy.

“For governments, tackling the NHS backlog, skills reform, and a sensible approach to immigration for work all matter and should form part of a wider industrial and workforce strategy.

“Other headline data in this release supports the trends identified in our own REC surveys. Vacancies are falling back from post-pandemic highs but remain elevated – while firms are raising pay faster than they have for decades. Even so, high inflation is reducing the impact of these rises for workers.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

Sophie Lewis

By Published on 22nd May 2023

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Why Dolan Accountancy?

With over 25 years experience in contractor accountancy helping thousands of contractors, freelancers and the self employed, Dolan Accountancy has the specialist skills, reputation and credibility you can trust. Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £105 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of Contractor Umbrella – With IR35 Legislation changes we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year.
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

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