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Contractor productivity worth £5,000 per employee

A new report into contractor productivity has found that firms with at least 11% of their workforce as contractors are more productive, with each employee generating an extra £4,669 for their organisation on average.

Researchers from the Trinity Business School and the University of Derby said the results showed the important role that contractors can play in the UK’s recovery.

Holiday pay has been in the news following a ruling that overtime (and possibly commissions) should be reflected in an employee’s holiday pay but how does this affect contractors who work through contractor umbrella companies?