If you are a recruitment agency who hires temporary staff members and contractors, being able to pay them alongside other outlays such as supplier charges and overhead costs can often be difficult. This can result in breaks in cash flow when you are waiting for your clients to pay on contracts. Cash flow issues can happen to any company no matter how big or small they are. Usually, larger companies have higher numbers of clients and contractors, so the cash flow problem remains.
Working with TCP Solutions is an alternative to managing your PAYE in-house and it means you can rest easy knowing that we take care of your contractors pay and tax, and ensure you are never in breach of rules. We make sure we are up to date with the rapid changes in laws and regulations, and implement any changes, ensuring 100% compliance. Contractors are always paid on time which is another great benefit of using TCP.
As a Recruitment Company, should you decided to pay your contractors wages directly it is highly likely that they will want payment quickly and will be disinclined to wait 30-60 days which is what you will probably have agreed with your client. Consequently you will probably be required to pay your contractors once and in some cases twice before you have even received one payment from your client. Understandably, this will have a large impact on your disposable income and working capital. Pre-financing comes standard with our payroll services for contractors and we guarantee that contractors receive their wages within five working days of submitting an approved work slip. With TCP there is no need to worry about paying your candidates on time as we will do this for you. You will then be able to focus on finding the best candidates while we take care of the payroll administration and payments for you.
We have spent years dealing not just with contractors but also with agencies and we understand how complex it can be to manage contractors from varying industries, sectors, countries and backgrounds. When an agency works with us they will benefit from all the back office staff and support of TCP, all of whom are there to assist the contractors in any way they need. This can be related to employment issues, taxation, payroll, expenses or breaches of contract. Either way TCP will handle it, so the agency are free to concentrate on their work.
If you are an agency and would like to work with TCP Solutions then please get in touch with one of our sales team on +44 (0)208 580 0800 or send us a message via our contact form. We would love to discuss how we can help you employ contractors across Europe.