BIS to investigate freelancer workforce
The Department for Business, Innovation and Skills has commissioned the founder of The Cambridge Satchel Company, entrepreneur Julie Deane, to complete some research on their behalf to help them better understand the nature of the flexible workforce. Due to be published in 2016, the review will be used to inform the government about the challenges faced by those who are keen to work for themselves.
The report is expected to highlight the importance of the flexible workforce to the economy of the UK, as well as providing some insight into the support that might be needed to enable them to flourish. Ms Deane’s remit will include an exploration of the reasons why people choose to work for themselves and the sectors which are most likely to attract those who are hoping to make it as their own boss. She will also be expected to shine a light on some of the problems faced by those who are going it alone, particularly those who are just starting out on their own or trying to develop or expand their businesses.
Ms Deane has also been asked to provide recommendations as to the best way to create a supportive environment in the UK which would allow the flexible workforce to succeed. This will include any ideas on how to provide security for those in the flexible workforce, allowing them to balance their business choices with those that they make for their family, the options available to them in terms of financial products and their plans for retirement.
The Office for Tax Simplification recommended that the BIS contributed to a joint review of employment status with a number of other departments, and it appears that they are putting that plan into practice, so their report is eagerly awaited by those who may be affected by the results.
If you want to learn more about life as a contractor or just want to know more about how much you could earn if you made the switch, our free contractor guides and take home pay calculator could help you to understand more about being a member of the flexible workforce.
For more specific advice on how to make the move to contracting, information on the best way to prepare for your future or anything else about working for yourself, call our friendly team today on 01442 275789 or email firstname.lastname@example.org.