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Research: Three in five employers concerned about missing out on temporary talent due to IR35

The majority of senior decision makers in medium and large-sized businesses are concerned about missing out on temporary talent ahead of the introduction of new IR35 regulation, according to research conducted by recruitment service provider Robert Half.

Three in five (62%) medium and large private sector businesses cite concerns about missing out on skilled contractors and temporary professionals when IR35 is expanded to the private sector.

From 6 April 2020, every medium and large private sector business in the UK will become responsible for determining the employment status of any contract worker they use. If the contractor is deemed to fall inside IR35, the worker will be required to pay National Insurance contributions and income tax due via PAYE or via an umbrella company.

Additionally, 42% of medium and large private sector organisations are concerned about losing current temporary workers to the new IR35 rules if they cannot renegotiate employment contracts in time. Only 15% of respondents plan to offer more competitive pay rates to their contactors to secure them.

Robert Half UK managing director Matt Weston said: “Business leaders are concerned about the impending IR35 rules and its potential impact on the UK’s temporary talent pool, particularly as firms look for a blend of high performing temporary and permanent employees to pursue growth strategies in 2020.

“A number of businesses are already considering measures to stay compliant with new regulation and finding ways to compete for skilled talent who favour flexibility and autonomy. With the UK competing with other international centres for the world’s top talent, working with a specialist temporary recruitment consultancy that is able to attract and secure contractors who are willing to adapt to the new rules will be crucial for their ongoing success.”

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