Across a wide range of industries, a shortfall in available talent amid a competitive landscape has made companies rethink how they find, recruit and retain their workforce. Here, Tom Hills, Chief Operating Officer at Wise, takes a look at how this is affecting logistics firms and their self-employed subcontractors.
“The entire working landscape has shifted over the last eighteen months, whether that’s with flexibility, remote working or just a shortage in available talent within certain sectors. Now, as the country continues to adapt to these new circumstances, many established businesses are having to rethink how they interact with their workforce to remain competitive.
“This is particularly relevant when it comes to the logistics industry, as Brexit has impacted the available pool of self-employed subcontractors while demand for deliveries has stayed strong. This has meant that self-employed subcontractors are becoming a commodity and have more choice than ever before as to which main contractors they engage with.
“As this remains the status, the pressure on main contractors to provide a smooth experience for subcontractors is going to increase and technology can play a huge role in this across onboarding, finance and most importantly payroll.
“Traditionally, onboarding and paying these drivers’ invoices has been an admin-heavy, stressful area of operations, but getting these processes correct can make or break the experience for a subcontractor. On top of this, integrating technology and automation into these elements of your business can drastically impact efficiency.
“Currently, Wise provides self-employment technology to over 200 UK logistics firms and so witnesses first-hand the trends within the sector and the strains they face. We’re proud of our track record of helping our clients to navigate these changing environments and helping them to reap the benefits of integrating this technology to their business practices.
“As delivery firms of all sizes prepare themselves for the busiest period of the year in the build up to Christmas, it is going to be imperative that this new level of care is given to their self-employed subcontractor engagement.”
To find out more about how Wise has helped over 200 UK logistics firms revolutionise the way they engage with their workforce, head to www.withwise.com
Wise
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