The REC and FCSA have announced a new working relationship

The REC is advising all of their members to only use FCSA compliant Umbrellas and Accountancy Services, stating;

“All Umbrella companies holding REC business partner status must have accredited FCSA membership.”

As the industry enters a challenging time, it is more important than ever to trust that your Umbrella is working as compliantly as possible. The FCSA is the highest benchmark for umbrella compliance, reducing the risk faced by recruitment companies whilst providing contractors with the trust and security they seek as part of fulfilling their temporary assignments.

REC chief executive, Kevin Green said:

“We are happy to recommend to all REC members who use or are looking to use a third party supplier of contractor accountancy or umbrella services, to use FCSA compliant members to minimise their risk. FCSA membership is difficult to achieve, putting organisations through a robust assessment to check compliance with their strict code of conduct. We are pleased to see that since 2008 the FCSA has become a significant player in setting standards and operating as an effective trade association in part of the market that has caused real concern for the REC and our members.”

Julia Kermode, FCSA Chief Executive said;

“We are delighted to continue working alongside the REC, a highly respected organisation and the largest trade body in the UK recruitment market.   Recruiters that are concerned about their liabilities should choose to work with FCSA compliant companies to be assured of best practice legally and ethically. FCSA members are easy to find as they are listed on our website and only they are entitled to use the orange FCSA logo.”

As one of only eight FCSA Umbrella members, Liquid Friday are continuing to deliver exceptional value for contractors by maintaining one of the most competitive margins in the industry.

Phillip Venn, Managing Director of Liquid Friday comments;

“Confirmation of this new partnership can only work to help improve the standing of the recruitment industry and the suppliers who work in it. We look forward to working with both the REC and FCSA in the coming months and years. Combining our great value service with our investment in industry leading compliance and the continued delivery of exceptional customer service, means that Liquid Friday are an exceptional partner for any recruiter.”

Now is the best time to speak with Liquid Friday and see how easy it is to work alongside one of the most flexible, approachable and professional umbrella companies in the FCSA. Contact us today to find out more about working with us.