Hire your remote team in United Kingdom

Name: Hire a remote team in United Kingdom
Brand: Rivermate
SKU: united-kingdom
Price: 399 EUR
Availability: InStock
Rating: 4.4 (5 reviews)

Only 399 EUR per employee per month

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Hiring a remote team in a country as United Kingdom comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in United Kingdom. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

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1. Hire a remote team in United Kingdom with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in United Kingdom, particularly if you don't have established local relationships. You can hire employees in United Kingdom effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

Table of contents

Hire a remote team with Rivermate
Introduction
Hiring a remote team in your country
Cost of living
Cost of renting
Major industries
Hiring cost
Employment laws
Top skills
Economic landscape
Market size
Minimum wage
Why choose Rivermate?

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in United Kingdom.

As an employer of record, we help you hire employees and run payroll services in United Kingdom, allowing you to avoid the necessity of first establishing a branch office or subsidiary in United Kingdom.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in United Kingdom or individually hire remote employees in United Kingdom, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermate’s Employer of Record United Kingdom services can best help your company!

3. Hire a remote team in United Kingdom

The United Kingdom has a highly developed, partially regulated market economy. GBP, the British pound, is the world's third most valuable currency. The United Kingdom has a 5.3 percent unemployment rate, which is quite impressive given the size of the working population. The service sector in the United Kingdom contributes up to 79 percent of the national GDP.

4. Cost of living in United Kingdom

The cost of living in the United Kingdom is $1804, which is 1.93 times the global average. The United Kingdom ranked 16th out of 197 countries in terms of cost of living and 6th in terms of quality of life.

In the United Kingdom, the average after-tax salary is $2896, which is enough to cover living expenses for 1.6 months.

5. Cost of renting in United Kingdom

The United Kingdom is one of the most expensive countries in the world. This country has an excellent standard of living. It is a difficult place to live for lower-class people. The upper-middle and upper classes have a wonderful way of life. It is a vibrant and beautiful country. It can include both bachelors and families.

Rent in the United Kingdom is quite expensive. Across the United Kingdom, the cost of renting has risen in the last year. The sudden increase was caused by back migration caused by the COVID-19 pandemic. Monthly rental housing costs about $2,000 on average.

The cost of living in the United Kingdom may not be consistent across the country, but rather varies according to the economic background of the location. Relocation to hometowns as a result of the lockdown has increased the cost of living. The cost is also affected by the availability of resources.

Tier 1 cities include metropolitan areas such as London, Greater Manchester, Aberdeen, and others.

Tier 2 cities include upcoming centers such as Birmingham, Leeds, and Edinburgh, among others.

Tier 3 cities are places with significant growth potential, such as Bradford, Wolverhampton, and Sheffield.

6. Major industries in United Kingdom

Because of the COVID-19 pandemic, the United Kingdom's science and technology sector must invest its best minds and a large amount of capital. This resulted in a significant increase in job opportunities, particularly in the drug design and discovery unit.

The transportation sector is currently experiencing revenue declines as all public transportation was halted for months, and in some areas for over a year. This has taken a toll on the sector, and it is estimated that it will take several years to recover.

The energy sector is one of the most profitable in the country. The use of energy for industrial purposes has decreased over the last year, while household energy consumption has increased. Despite the fact that it did not balance the income, the losses could have been worse.

7. Hiring cost in United Kingdom

The cost of hiring covers the expenses incurred in bringing on new employees. These cover the expenses incurred from the time an open position is advertised to the time the candidate joins the team. Here are a few important factors to consider when calculating hiring costs:

- Advertisement

- Interview process

- Orientation

- Time invested

8. Employment laws United Kingdom

The United Kingdom has very strict and well-regulated labor laws. Because of its strict enforcement of employment disparities, the United Kingdom is one of the safest countries to work in. Some of the factors considered when developing employment laws include:

- Age discrimination

- Disability

- Equal pay

- Parental leave

- Working hours

In the United Kingdom, the laws and regulations that govern employment relationships are based on:

- Legislation

- Dismissal and employee grievances

- Employment contracts

- Protection of Employment Regulations 2006

9. Top skills United Kingdom

The United Kingdom is a technologically advanced country. It seeks artists who can produce authentic and beautiful work not only in the arts but also in science, technology, finance, and other fields. Graphic design, illustration, accounting, research, and programming are just a few of the skills that UK employers are always looking for.

Major skills and areas which have witnessed a recent growth rate

- Management

- Customer relations

- Software development

- Sales

- Business analyst

10. Economic landscape in United Kingdom

According to 2021 estimates, the United Kingdom has a nominal GDP of $3.124 trillion (£ 2.24 trillion), with a per capita income of $46,344 (£ 33,186.71). The nominal GDP is less than the United Kingdom's PPP GDP. The GDP is $3.174 trillion (£ 2.27 trillion) in PPP terms, with a per capita income of $47,089 (£ 33,720.20). The COVID-19 pandemic has taken a heavy toll on the British economy. The numbers have significantly decreased.

11. Market size in United Kingdom

The United Kingdom's market is driven by the service sector. In the United Kingdom, tourism is the second-largest industry. The automotive, aerospace, and space industries are all thriving in the United Kingdom market. The pharmaceutical industry took off in 2020 as demand skyrocketed due to the global coronavirus outbreak.

12. Minimum wage in United Kingdom

The minimum wage in the United Kingdom of Great Britain and Northern Ireland is set at 1,598.69 EUR per month.

13.Why choose Rivermate to hire your remote team in United Kingdom?

Establishing an entity in United Kingdom to hire a team takes time, money, and effort. The labor law in United Kingdom has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into United Kingdom simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in United Kingdom give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in United Kingdom via our Employer of Record (EOR) / PEO solution.

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