Knowledge

4 Things Recruiters Must Be Aware Of In 2019

future recruitment

Every year brings a fresh batch of trends, challenges and opportunities for recruiters. In 2019, the sector will be under the microscope more than usual. From impending changes to IR35, to new technology and, of course, the looming shadow of Brexit, we have much to anticipate for the next 12 months.

All of these things will have huge ramifications for recruitment. By staying abreast of them, your own business will flourish where others may stumble; knowledge, after all, is endemic to solid finances. Let’s tackle them one at a time.

 

  1. IR35 is coming to the private sector

Since April 2017, it has been the duty of employers and recruiters to determine whether a public sector contractor should legally be classed as an employee or independent professional. IR35 is notoriously subtle but massively affects tax and NI contributions.

From April 2019, this will also apply to the private sector. Contracts will be under more scrutiny and likely involve guarantees that the individual is exempt from IR35. It’s imperative that recruiters dealing with contractors take this responsibility seriously.

 

  1. A.I. continues to shape the industry

As traditional jobs are lost to automation, the workers of tomorrow must stay competitive with their proficiency in technology such as A.I. This is becoming integral to roles in engineering, pharma, construction, software development and more.

But it’s applicable to the recruitment process, too. As Forbes demonstrate, artificial intelligence is being used to find the right candidates. Video tools, for example, can detect body language, voice tone and other characteristics during an interview. Quicker, more accurate selection processes equals less time wasted on unsuitable people.

 

  1. Making Tax Digital is finally here

Making Tax Digital (or MTD) has been a looming concern for businesses since it was announced in the 2015 Spring Budget. In April 2019, it’ll be implemented for VAT submissions; something that will result in quicker, more accurate tax returns, as long as companies ride out teething pains in the early days.

Going digital is relatively simple if you have the right support – someone who knows exactly how to manage digital records, and make the transfer to approved online platforms as seamless as possible. If your current accountant hasn’t been proactive on MTD, now might be the time to switch.

 

  1. Questions still hang over Brexit

At the time of writing, Theresa May’s deal is under threat. The Northern Ireland-backstop approach (along with lax securement of the UK’s service economy) could easily change by the 29th March, when we’re due to leave the EU.

Implications are still uncertain for who is allowed to work and live in our country without extensive visa support. On top of that, the British pound’s declining value may be an anomaly or a sign of what’s to come. How this will affect recruiters, particularly those who work with clients and candidates overseas, remains to be seen…

 

It’s never been more crucial to gain expert fiscal assistance, steering your firm through the changes we’ve discussed. Whether it’s to save money, consult on legal obligations, or to advise where growth might be achieved, we can help. Contact RJF Accounting & Business Support for real-world expertise in a momentous year for recruitment.

 

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