Exciting Developments Afoot at Parasol

Here at Parasol, the wants and needs of our contractors and agency partners are at the forefront of everything we do. As such, our eyes and ears are always open to the recruitment industry’s desires and demands, and over the last few months, we’ve been turning some of those primary desires and demands into realities. We’re very excited to share that we’ve been working away at some big developments behind the scenes, which we’ll be launching very soon… 

What are these big developments?  

Well, as much as we’d love to share, we cannot give you all the details just yet. We can, however, tell you about some of the ways you’ll be able to reap the rewards of these developments once they are in place. To help you keep your best talent, acquire new talent, and further develop/grow your business, the benefits of our future developments include: 

Increased flexibility, leading to more opportunity for growth

We know that one frustrating barrier to achieving growth among recruitment agencies are limitations in who, where, and when contractors can work. After all, the main benefit of becoming a contractor is the flexibility. If a recruitment agency cannot cater to the flexibility requirements of the contractor, why would the contractor want to sign up for them? This can make it difficult for recruitment agencies to acquire the talent they want and need. 

Rest assured, Parasol has noticed this. Our new developments aim to break down this barrier and enable recruitment agencies to take on talented contractors from all walks of life and with all sorts of requirements. We want you to be able to source the right people for the right jobs, regardless of their unique circumstances. 

Maximised tax efficiency balanced with full compliance 

With over two decades’ experience in umbrella employment, Parasol are already practised players in this field. We have always been committed to keeping our agencies and hirers on the right side of UK tax laws while ensuring their paperwork is as efficient as possible (so everybody is getting the most out of their salaries and revenue). Having said this, we know that many of our partner agencies have contractors located outside the UK, which means they have different tax laws they need to comply with. Our new developments will enable us to expand our scope for support beyond the UK and keep more of your contractors compliant with the tax laws that apply to them. 

Streamlined operations and less administrative burden 

Parasol will soon be utilising new software solutions that bring together and streamline multiple payroll processes, thereby improving efficiency for contractors and agencies alike. The more laborious payroll tasks we can take out of our partners’/customers’ hands, the better. 

Improved cash flow for agencies 

One of the trickier aspects of owning a recruitment agency or business is balancing available funds between timely payment to contractors and variable invoice settlement deadlines from end clients. At times, cash flow might be unstable at times, which is a major source of worry for businesses. Our new developments will offer recruitment agencies additional support and financial management options, enabling greater cash flow stability and more peace of mind for agency managers.  

Have we piqued your interest? 

If you’re interested in finding out more about our new developments, be sure to follow us on our social media channels. We’ll be posting regular updates, so check back regularly to receive more information as it comes.