Moving from Permanent to Contracting
The Royal Bank of Scotland, often referred to as RBS, has supported businesses, families and communities since 1727. Their range of brands and services include business and personal banking, as well as corporate finance and insurance.
The group includes subsidiaries, such as:
- Drummonds Bank
- Ulster Bank
The RBS Group employs over 60,000 people, many of these roles are filled by contractors. These aren’t limited to those which require financial expertise, there are plenty of jobs in IT, marketing, human resources. There are also positions for those with experience in retail and customer-facing roles.
RBS Group has a careers area on their website, displaying each role currently available throughout the UK and across each of their brands. This area includes the application and selection process, with tips and tricks to use during each stage. It also includes an insight into their company culture, and how their employees are supported at work.
Contractors are recruited within IT, finance, risk, change, operations and services. You can search for roles by location, business area and position. It’s also helpful to submit your CV and register your interest in working for RBS by joining their talent community.
If you’re looking for a role in the financial sector, you should consider seeking the support of a specialist recruiter for guidance, this includes CV support and finding vacancies that fit you best.
The RBS Group deal with contractors working through both umbrella and limited companies, but what are the advantages and disadvantages of both structures?
Contracting through an umbrella company
As a contractor, one of your options is to use an umbrella company. This means you will essentially become an employee of the umbrella company. When it comes to being paid, you will submit timesheets to the umbrella company who will invoice the end client for the work that has been completed.
You will receive less than you would working through a limited company, as your income will be subject to Income Tax deductions and National Insurance contributions.
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