A new concept that sits between standard PAYE payroll outsourcing and a full Umbrella Payroll solution.
Unlike the traditional umbrella solutions that charge the workers anything up to £25 per week or more, HIVE360 PAYE Plus makes no charge to the temporary worker, which meaning recruiters can give their candidates much more in their pay packet.
The model absorbs the charge via the agency weekly payroll charge on a flat fee basis of £5 per week, that still adds savings and more importantly long-term value in the business. It also allows clients to operate a PAYE structure with a fixed overhead for the protection of a sub-contract provision.
Tackles the typical umbrella challenges head on
We recognise there is a place in the industry for professional and compliant Umbrella payroll, because it provides a fully outsourced solution for payroll and employment liability, and risk reduction for agencies. Done well and transparently, it is a highly effective solution that makes complete commercial sense. HIVE360 Umbrella Plus solution takes the principle of Umbrella payroll and makes it work for all parties – in particular the worker. What’s more, its fully compliant, transparent, and commercially attractive.
HIVE360’s Umbrella Plus also ensures the worker’s net pay is exactly the same as via traditional umbrella models, but at a fraction of the cost to them, with a flat £5 per week charge to the worker. And Because our Engage app - one of the leading B2B employee benefits apps – is included as standard for all HIVE360 Umbrella Plus workers, we are able to add to workers’ net pay with potentially huge savings, as well as valued health support and benefits for their whole family.