Navigating the autumn budget: Guide to managing your contingent workforce

The 2024 Autumn Budget brought significant changes for end-hirers, recruitment agencies, and the contingent workforce. With Employers’ National Insurance Contributions (NIC) rising, adjustments to the National Minimum and Living Wage, and new regulations to enforce supply chain compliance in the umbrella market, there’s a lot to digest. Adding to the complexity, the Labour government introduced its Employment Rights Bill (ERB) which, while not set to roll out until 2026, proposes a raft of employment reforms that require early preparation.

With these shifts, how can end-hirers - including those in talent acquisition, procurement, HR, or other - prepare for the legislative changes ahead? What steps can you take now to ensure compliance while minimising the impact on your current and contingent workforce? Is it time to increase assignment rates, and how can you gain a clearer understanding of your supply chain? 

In this guide, Chris Bloor, Director of Compliance at Parasol, a leading Employment and Payroll solutions provider and one of the founding members of the FCSA, shares the key insights from the Autumn Budget and offers practical steps for preparing your contingent workforce and supply chain for what's ahead. Download your free guide today.