Improve work performance by taking time off work

(2 minutes to read)

Taking time off work helps contractors’ wellbeing – 59% also said it improved their work-life balance, while 44% said it enriched their relationships.

Latest IPSE research has shown that contractors can help to improve their work performance and well-being, simply by taking time off work.

According to the findings, 63% of contractors believe taking holiday increases their work performance in some way.

Worryingly, there are many contractors who are not taking the R&R they need when they do take holiday. For example, four out of five (78%) admitted to working while on holiday. Over half (58%) said they reply to work emails while away and more than a third (37%) said they take work calls while away. Twenty-eight per cent even work remotely while on holiday.

To help more freelancers take more time off and improve their wellbeing and their business performance, IPSE developed a range of recommendations for government and industry:

  1. Introduce fair Shared Parental Leave (SPL) and parental pay for the self-employed, so freelancers can take the leave they need when they have children.
  2. Improve access to savings or private insurance to cover for sick days.
  3. Make training for the self-employed easier to access, so freelancers feel more able to take time off for this.
  4. End late payment to stop freelancers having to chase clients during their leave.
  5. Raise awareness of the importance of freelancers taking time off.

Thinking of appointing Dolan Accountancy?

Give us a call on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

Email Jaime

Chloé Jepps, IPSE’s Head of Research, commented, “What’s clear from this research is that there is a real business case for freelancers taking more holiday. Two-thirds of freelancers say taking time away from their work actually improves it. It’s a sharp rebuttal to the idea that never stopping and being ‘always on’ is more productive.

“Freelancers must be encouraged to take more time off not only for their businesses’ sake, but also for the sake of their wellbeing and personal lives. Our research clearly shows that taking more leave helps freelancers combat stress and anxiety – and build up their personal relationships.

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

Why Dolan Accountancy?

Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, ContractorUmbrella, it means we can offer one low cost, fixed fee package at £95 + 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 ContractorUmbrella – With changes in Public Sector IR35 Legislation 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, ContractorUmbrella.
  • 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.

dav1