Businesses engage external contractors in order to quickly access temporary and specialist skillsets, often to deliver projects and defined programmes of work or cover short-term absences. Indeed, in the UK, 24% of the workforce is made up of contingent (non-permanent) workers.
However, there are a number of risks for businesses that use contractors due to legislation such as IR35, The Criminal Finances Act at GDPR. This case study summarises the process of delivery and subsequent findings from three Contractor Audits that have recently been completed by The Curve Group.
The three clients we audited operate in markedly different sectors:
- A utilities company that services more than one million people in the UK. They currently utilise professional contractors (earning an average day rate of £515) across the business, and contractor usage stands at c4050 active contractors at any given time
- A large wealth management business with c105 active contractors on an average day rate of £454
- A major Leisure company who utilise c30 contractors within their Head Office on an average day rate of £523
If you’d like to find out how we identified potential savings for our clients of between £400,000 – £1.1million during the audit process, download the full case study by entering your details below: