By Engaging with our PEO Solutions, you will still be able to streamline your workload while ensuring you are compliant with all legislation the same as offered with our umbrella payroll services. However, there are some significant differences between PEO employment and Umbrella employment that benefit both the agency and the workers, mainly surrounding how the employment costs are processed.
We promise that the Gross pay quoted is the Gross pay the worker will receive
We cover all workers under our insurances which includes our accidental insurance cover
We frequently run audit checks advised by the experts at Markel and HQ35 to ensure new rules are being adhered to and that our contracts are sound
We register all workers & sub-contractors onto our portal so they can view their documents pay slips and details on a 24/7 basis
PEO solutions is similar to umbrella employment as the workers will still be employees of Global Back Office. Where it is different is workers will be paid a rate of Gross pay which has been agreed with the agency up front. This differs from umbrella employment as an umbrella contracting rate is agreed up front and the costs of employing the worker are then deducted from the contracting rate.
The employment costs, which under umbrella employment are in the rate where as under PEO they are invoiced to the agency on top of the amount of the gross pay agreed. This option is therefore much easier for the workers to understand and can be structured to cost the agency the same as an umbrella rate leaving the workers much happier with no extra cost to the agency.
If you don’t currently have the means or budget to run an internal Payroll or HR department then we can take away these burdens for you, removing cost and constraints of an internal payroll solution or extra staff thus saving you time and money. We offer simplified timesheets and payments, pay one invoice weekly/monthly and leave the rest to us, we take care of it all including queries from the workers.
Have peace of mind that any potential HMRC or tribunal difficulties will be handled by ourselves, allowing you to focus on growing your business. We will employ your workers and take responsibility for PAYE, RTI, and everything else that comes with employment and employment law.
The main benefit of our PEO Solution is the pay rate you are quoted from the agency will be the paid rate you receive, no nasty deduction. Also under our PEO Solutions you are kept on one contract of employment, allowing you to move easily from one assignment to another whilst maintaining the same contract and the same tax code. (Particularly appealing to anyone who may be looking to secure credit/mortgage).
As you will be an employee of Global Back Office you will legally be entitled to all statutory benefits such as Holiday Pay, Sick Pay (SSP), Maternity Pay (SMP) and Pension. You will gain 28 days holidays (inc. bank holidays) paid per year as well as being covered under our accidental insurance for incidents at work that causes you to have time off.
