Any Umbrella company availing Wage Rescue Plan??

[patel]

In normal scenario, umbrella company is your employee and responsible for your PAYE, holidays etc and they get monthly charges. So, I would expect that incase if I loose my job due to Corona, at least they avail govt scheme and do follow employer duties as long as there is no financial impact to them.

I want to know if there is any such umbrella company or is it that all are interested in their business than consultants....

[northernladuk]

Umbrellas aren't HR. They are businesses. The will all focus on their business. They will all (the proper ones) follow the same model as well. They only have limited reserves as they work on money coming in rather than a bottomless pit like HR depts.

You are asking for a unicorn there. Too late to do anything about it even if there were.

Sorry.

[ladymuck]

But I do wonder if some will do that to differentiate themselves.

They could claim the amount being offered and deduct their fee etc and pay that over? The companies don't have to make up the 20% shortfall so really the umbrellas aren't going to be losing anything.

[northernladuk]

But I do wonder if some will do that to differentiate themselves.

They could claim the amount being offered and deduct their fee etc and pay that over? The companies don't have to make up the 20% shortfall so really the umbrellas aren't going to be losing anything.

You would hope so wouldn't you. Be interesting if it offering a different model/process with affect their membership of the cartel though.

[eek]

But I do wonder if some will do that to differentiate themselves.

They could claim the amount being offered and deduct their fee etc and pay that over? The companies don't have to make up the 20% shortfall so really the umbrellas aren't going to be losing anything.

The problem with that statement is that the devil on all this is in the detail and we haven't seen any of the detail yet.

Heck the latest information I saw is that the website for registering claims may not be ready until late April / early May and only then will we know if it will work.

[ladymuck]

The problem with that statement is that the devil on all this is in the detail and we haven't seen any of the detail yet.

Heck the latest information I saw is that the website for registering claims may not be ready until late April / early May and only then will we know if it will work.

Very true. There's a huge amount of work etc needed to get the scheme running and define who can claim on it. I'm more hoping that the better umbrellas are keeping an eye on this and, if they are eligible to claim on it, they will do so for their customers.

[lucyclarityumbrella]

It definitely is in the detail! In order to be eligible the employee must be "furloughed" and not completing any work at home, yet the umbrella cannot guarantee that there will be work at the end of it, so are unlikely to be able to furlough you, I am guessing unless the end client can guarantee the work post Covid. If the end client chooses to terminate, then it becomes out of our control.

We are being asked about this and as of yet we are unable to give a definitive answer which we know is not helpful. Also the issue of being an employee for tax purposes

If I get further details, I will let you all know.

[LondonManc]

But I do wonder if some will do that to differentiate themselves.

They could claim the amount being offered and deduct their fee etc and pay that over? The companies don't have to make up the 20% shortfall so really the umbrellas aren't going to be losing anything.

It's actually a bloody good business idea. No contractors to deal with, all the fees coming in for the hassle of signing up to the government payout scheme. Hold my beer. Lucy??!?!?!

[lucyclarityumbrella]

Hassle of signing up to the government payout scheme. Hold my beer. Lucy??!?!?!

Lol who said working via an umbrella company was a $*** idea?
Just need more "clarity" and I will be right back to you all!

[NotAllThere]

Lol who said working via an umbrella company was a $*** idea?