Contractor and recruitment sector financial services specialist Outsauce is welcoming news that a further 132,000 people are in work with unemployment falling to 2.08million.
As a provider of financial services to contractors and freelancers, Outsauce works with individuals operating in almost every sector of the job market, meaning it feels the effects of job creation and positivity in the market very early.
Miles Lloyd, CEO, Outsauce welcomed the news as “positive for Britain” but highlighted that while more people are in work, wages are stagnating.
“Today’s employment figures are fantastic news for the UK economy and great for those seeking work as opportunities are clearly on the rise, but on the flipside the competitive job market is driving down the cost of labour leading to a very real squeeze wages.
“The temporary workforce is a huge driver of the economic growth the UK is experiencing, but people choosing to work on temporary contracts need to protect themselves by using a compliant structure that helps them to maximise their take home pay and counter the effects of sluggish wage growth.”
Outsauce, which delivers PAYE, limited company and CIS solutions to contractors working throughout the UK has doubled its client base over the last 12 months.
Miles concludes: “I would urge anybody securing temporary work contracts to opt for a compliant contractor PAYE solution which will both protect them and greatly simplify the burden of accounting.”
