Futurelink PEO Solutions
Our comprehensive services provide a range of benefits that empower both clients and contractors.
What is PEO?
A Professional Employer Organisation (PEO) is a specialised entity that provides comprehensive employment services to businesses of all sizes. Our PEO solution is a fully compliant, strategic payroll option offering full PAYE incentives to workers and streamlined employment management to clients, saving them both money and time. By entrusting employment responsibilities to a third party like Futurelink, we take over the burden of managing payroll and all related tasks, allowing clients to focus on their core operations of fostering productivity and business growth.
How PEO Works
PEO offers workers the same benefits and net pay as in-house PAYE, but we handle clients’ administrative responsibilities and payroll processing. In addition, we liaise with workers regarding pay-related queries, including statutory payment requests and pension queries. Our PEO solution is perfect for those seeking a clear, effective, and easily understandable option that offers the necessary level of support while preserving the professional independence of workers. With our comprehensive services, you gain a multitude of advantages and benefits that empower both employers and employees.
In contrast to traditional PAYE models where the worker pays for the employment costs on top of their own taxes, our model ensures these expenses are met by the agency or end client. This eliminates any added expenses for the workers. Though the worker may not get an uplift in pay when contracting, they will receive all the traditional employment benefits while being under the management of the payroll company.
Who Benefits From PEO?
Businesses of all sizes can leverage Futurelink’s PEO model. This model grants businesses access to human resources, payroll, and benefits services typically reserved for larger corporations. PEOs also provide access to a wide range of benefits that can help companies attract and retain top talent. Additionally, PEOs can help business owners save time and money through cost savings and improved efficiency.
Below is a list of the most common business sectors that can benefit from using our PEO model. Please note this is not an exhaustive list:
- Logistics & Transport
- IT/Tech Support and Technology
- Employee Tax and National Insurance Management
With Futurelink Group, your workers are employed by us, simplifying tax and National Insurance management. This ensures compliance while reducing administrative overhead for your business. We handle the Employer’s National Insurance contributions, which means you won’t see it on your workers’ payslips.
- Pension Enrolment and Contribution
After just 12 weeks (about 3 months), your workers will automatically be enrolled in a pension scheme, unless they choose to opt out. For those enrolled in the pension scheme, a modest 5% deduction from their wages begins in week 13 with the agency covering 3% of the employer’s pension contribution, also commencing from week 13. It’s an excellent opportunity for your workforce to start building their retirement savings and securing their financial future.
- Transparent Holiday Pay
Holiday pay is incorporated into the gross payment, clearly displayed separately on each payslip. This transparency helps workers understand how much they should set aside for their well-deserved time off.
- Comprehensive Leave Benefits
Under our PEO Solution, we offer sick pay, maternity pay, and paternity pay to support workers during life’s important moments. Your employees can have peace of mind knowing that they are covered when they need it most.
- Insurances Included
We include essential insurance components like Personal Accident, Employer’s Liability, and Public Liability.
Get in touch with us today to discover which of our payroll solutions is best suited for your needs, and how you can maximise your take-home pay.
WHY PARTNER WITH FUTURELINK GROUP?
When you join Futurelink, both workers and clients gain a variety of added benefits. These include saving money on employment costs, reducing administration time, and ensuring compliance for all parties. We have highlighted a few more advantages of partnering with us:
- 27 Years of Specialist Payroll Experience
- Same Day Payments
- Online App and Online Portal Access
- Payment Text Alerts
- WhatsApp Text Facility
- Dedicated Customer Relations Team
- Statutory Payments (SSP, SMP, SPP)
- Full Accountancy Services
FAQs About PEO
We’ve compiled some frequently asked questions to help answer your queries. We’re always updating these based on your feedback. Have a question? Let us know!
Under our PEO solution, workers will be on a Contract of Employment, ensuring legal compliance and granting access to comprehensive employee benefits.
Yes, you are. Futurelink employs you fully when you sign our contract of employment. When processing payroll, we deduct all necessary tax and NI contributions at source, which are then immediately submitted to HMRC. No tax return is required unless you earn self-employed income elsewhere.
Other than income tax and National Insurance, which will vary depending on your level of weekly or monthly income, there will be no other deductions to your income. The client/agency pays a small fee for us to manage your payments.
Yes, you are. This is determined by a proportion of your gross payment (usually 12.07%), which can be held back by us upon request. Otherwise, it is usually paid alongside your regular pay.
Yes, you do. You are automatically enrolled into our NEST pension scheme after 12 weeks (3 months) of employment. This is determined on 5% contribution from the worker, and 3% from the client. The NEST pension scheme can be imported to another personal pension scheme later.
Yes, it is. As a contracted worker, we provide you with comprehensive coverage for various insurances, including Personal Accident, Employer’s Liability, and Public Liability.
You can see some of the lovely words from our clients below…
How Do You Get Started?
Getting set up with one of our PEO Solutions is pretty simple – just get in touch with our team.
Here at Futurelink, we will help you throughout the whole process. Get in touch with our team now and speak to an expert for an initial consultation completely FREE of charge.