OCU has been the very first to pass new IOR scheme
Institute of Recruiters (IOR), the professional body for recruiters & HR, has teamed up with international law firm Eversheds to launch a new umbrella audit ‘Safe Umbrella’. One Click Umbrella is proud to be the first umbrella company to pass the scheme and, therefore, currently the only umbrella company to carry the new ‘Safe Umbrella’ badge.
The audit scheme is designed to help recruitment companies refer their contractors to umbrella partners that are fully compliant with government legislation regarding tax, expenses, and holiday and sick pay.
Working with an unaudited umbrella company could mean the recruitment agency is liable for unforeseen costs. The audit will assure recruitment agencies that an umbrella carrying the new ‘Safe Umbrella’ badge has been vetted in all aspects of the Umbrella PAYE model. This, says IOR director general, Azmat Mohammed, is “crucial in the midst of so much risky and poor practice undertaken by a number of umbrella companies”.
Director of One Click Umbrella, Mike Keeling says “We are often asked by recruitment agencies and clients if we have passed any form of third-party audit so we researched various schemes available in detail. We were attracted to the IOR ‘Safe Umbrella’ audit as we see it as truly independent; no employees of umbrella companies have been involved in the scheme. It is also transparent to show recruiters what has been audited in detail, which can be found on the IOR website at http://www.theior.org.uk/.
Mohammed adds “This is a high-quality audit we are introducing to the market that safeguards recruiters. Legislation is changing all the time and recruiters cannot be without risk if they use an umbrella company that turns out to be adopting illegal or bad practices. You really don’t want to have to worry about liability from a third party’s action so it’s better to be safe from the outset.”
To find out more about the ‘Safe Umbrella’ scheme and how it could benefit your company, please fill in the form below and we’ll be in touch!