Talent Retention Scheme set to aid growth in the construction industry

17th July 2020

As the country starts to emerge from the Coronavirus pandemic where many businesses have simply been striving to survive, the new focus is likely to become one of growth.  Many bodies and institutions around the world are therefore looking to offer help in bringing the economy up to full speed again and ensuring that it becomes even stronger upon exiting the pandemic.  As an example, if you are an avid reader of our blogs at Whiting & Partners (and who isn’t!) you will have seen the Rebound and Recover Business Training Programme discussed as a way of supporting business owners in their drive to emerge from the pandemic and start to grow their businesses again.

 

One of the newest bodies to offer support is the Construction Leadership Council, who are about to launch their Talent Retention Scheme, aimed specifically at the construction industry.  This looks set to be an online portal capable of dealing with all your recruitment needs.  Businesses that register for the portal will receive access to a dedicated resourcing and talent management platform to assist with recruitment and skills development activities across all sectors of construction.  Businesses will be able to use the platform to search for and recruit staff, as well as promote an unlimited number of vacancies, and it allows for direct communication between the business and potential candidates.  There are also plans for tailored company pages and microsites which give an added marketing benefit!

 

Therefore whether you’re looking to replace staff who were sadly made redundant during the pandemic, to recruit new staff to cope with a backlog of work following the lockdown, or simply to push forward with planned growth, the platform sounds like a useful tool.  The best part is that, due to Government backing, all services of the Talent Retention Scheme are initially free until April 2021!

 

You can find more details regarding the Talent Retention Scheme and register your interest in advance of the planned launch towards the end of July at https://www.trs-system.co.uk/construction .

 

Disclaimer - All information in this post was correct at time of writing.
Other Blogs
Byron Roberts
26th March 2024 Making Tax Digital for Income Tax coming soon

Making Tax Digital for Income Tax will soon be upon us.   Over the past few years’ rents have been increasing and will continue to increase as inflation remains high. Many landlords will now be affected or will be coming close to the qualifying limits. With April 2026 fast approaching for those with qualifying income…

Amanda Newman
25th March 2024 Finance available for start ups

Did you know that there is finance available for start ups?   Starting in business can be an expensive task and a lot of businesses are not always aware of the funding that is available from the government to help with this.   Where to start The most popular is the government backed start up…

Harriet Sim
25th March 2024 The end of Furnished Holiday Lettings

The recent Budget announcements will bring an end to the tax advantages afforded to the owners of Furnished Holiday Lettings (FHL) and set them apart from the owners of normal residential properties.   At present, qualifying FHL’s provide a number of tax advantages: Unrestricted tax relief for mortgage interest Entitlement to claim capital allowances, including…

Megan Turner
22nd March 2024 Directors’ Responsibilities

What are directors’ responsibilities? As a director, you are legally responsible for running the company. This must be done in line with both the articles of association and Companies Act 2006.   A key role is to ensure that all statutory reporting requirements are met. This includes, but is not limited to: Filing the annual…

Louise Bassett
21st March 2024 Don’t Delay: Farming Equipment and Technology Fund Deadlines

Earlier this week, DEFRA added the closing dates for the Farming Equipment and Technology Fund (FETF).   If you’re a farmer, horticulturist, forestry owner or contractor to the any of the aforementioned, and you’re looking to improve productivity, manage slurry or improve animal health and welfare through the use of new technology and equipment, don’t…

Shamus Chaplin
21st March 2024 Removal of Multiple Dwellings Relief for SDLT

On 6th March 2024, the abolition of the Stamp Duty Land Tax (SDLT) relief known as Multiple Dwellings Relief (MDR) was announced. The Reasoning HMRC’s tax reliefs evaluation programme has determined that MDR has not satisfied its original objectives. They have concluded that there have been numerous cases where the relief has been abused and…