wages Articles

Temp pay grows at record pace amid candidate shortage
marketing | 17 November 2021
/ / / /

A new report on the UK labour market has revealed that a lack of candidates is driving up rates of temp and starting pay.

The KPMG and REC’s latest UK Report on Jobs survey found that strong demand for staff, coupled with a steep fall in the labour supply, drove the sharpest increase in starting pay since the survey began in 1997.

Yesterday we highlighted the key changes to the amounts of personal taxation and national insurance contractors will pay due to changes that come into force for the new tax year (started 6th April 2015).

One of the changes that dictates how much many contractors will pay themselves as wages when working through their own Personal Service Company (PSC) is that employees national insurance now starts at a lower amount than employers national insurance (but up from the £153 in the prior tax year).