6 Incredibly Easy Ways To See More Of Your Locum Pay
A whole range of changes has swept across the locum industry over the last few years, making it harder for locums to maximise the benefits of the flexible working lifestyle. In this blog, we’ll tell you how to save time, money and effort by:
- Claiming back expenses.
- Using your documents cleverly.
- Keeping your options open.
- Negotiating rates.
- Making use of lift shares.
Locuming is a great way to increase your income, work more flexible hours and increase your experience in your professional field. However, over the last few years, several changes have come into effect making it harder for locums to reap these rewards. In fact, without good planning, you may find yourself taking home less pay in a better paying locum role than a permanent full-time role. IR35, a piece of legislation relating to the taxation of employees (you) hired by intermediaries (agencies) was updated earlier this year making locums liable to pay an extra 25% in Tax. While you’ll still be able to enjoy more flexible working hours and a more varied career, in order to make locuming a financially attractive option, you’ll have to be smart and savvy.
1. Claim back expenses.
Whether you make use of an umbrella company or still use a limited company, claiming back expenses makes your money go further. There are a ton of apps available that turn your phone into a scanner with some even specifically designed for receipt scanning. Simply download one of these and use it every time you buy something at or for work. This includes:
Also, make a note of your daily mileage to and from work. Pass all of this information on to your accountant and let their detailed knowledge of applicable laws save you money. People often believe that accountants are expensive and unnecessary but if they are able to save you £1000 and they only charge you £500, it's a no-brainer. Without a detailed understanding of your spending and work activities, an accountant will not be able to work in your best interests. So remember, keep a log of your spending. Need an accountant? here are some top tips for finding the right one for you:
Search for accountants with a detailed knowledge of your industry.
- Pick up the phone and have a phone conversation with them. Do you have a rapport?
- Always speak to more than one. Get an idea of market prices and what your money is getting.
- Read reviews from previous clients. The best accountants will want to show customer satisfaction.
2. Using your documents cleverly.
It's not just the financial benefits that are taking a hit in the locum field. Your time is now a precious resource too and agencies and employers alike know this. Ever wondered why you have to complete new mandatory training for each agency you join? Maybe it’s because you end up staying with the same agency rather than going through the hassle of joining a new one. The result? Fewer opportunities for you. Instead of having to choose between wasting countless hours on joining new agencies or limiting your opportunities to the agency you have already joined, wouldn’t it be great to be able to join new agencies quickly and easily?
By undertaking your training yourself, you are able to freely transfer it to any agency you chose to. As long as it is updated yearly, you’ll be able to save an average of 3 hours per agency each year! The Locum Passport does this for you. We offer mandatory training that is transferable and framework approved (a fancy term meaning that the training will be accepted by any national healthcare provider) for FREE. Complete your training, upload your certificate and then send it, along with all the other details you need to begin locuming, via the Locum Passport.
3. Keep your options open.
It's obvious. The more opportunities you have, the greater the chance of finding employment that ticks all of your boxes. In most cases, its free to join an agency so find ones that:
- Deal with contracts in your preferred area.
- Offer rewards and incentives.
- Receive good reviews from current locums.
It’s always recommended that you pick up the phone and ask to speak to a consultant within your specialty. Get a feel for how they work and their email address in case you have any further questions. When you’ve found a few that you like, sign up! Signing up can be such a pain right? With the Locum Passport, we’ve taken the trouble out of it. Upload your information and documents once to the app and then simply enter the email addresses of the consultants you spoke to and they’ll receive the information, quickly and securely. Don’t spend three hours joining when it can be done in just a few taps.
Signing up can be such a pain right? With the Locum Passport, we’ve taken the trouble out of it. Upload your information and documents once to the app and then simply enter the email addresses of the consultants you spoke to and they’ll receive the information, quickly and securely. Don’t spend three hours joining when it can be done in just a few taps.
4. Negotiating Rates.
Rates are a difficult subject to broach with agencies now that public sector caps have been introduced. you’ll often be told that the cap is set and that is the maximum that you can be offered. however, you may be able to receive supplements added to your rate in the form of accommodation, mileage or travel. If you’re new to locuming, you may have to build a history of solid performance and great feedback in order for your desirability for a role to warrant the pay increase. But it doesn’t take long! If you’ve been locuming for a while, leverage your great feedbacks to get a deal that you want. It’s always recommended that you pick up the phone and ask to speak to a consultant within your speciality.
Ask your social followers if they currently use an agency you're interested in joining. Many agencies offer referral bonuses that can be as high as £250! Quote their name when they sign up and both of you could make a tidy little sum. Some agencies impose some conditions on referral bonuses like these such as working a certain amount of shifts or hours. Over the course of a contract, those conditions are normally met pretty quickly.
6. Making use of lift shares.
Outside of the box, But it works! Sites such as lift share, taxi and blabla car all make it easy for you to find someone travelling to and from the same areas as you. It's simple and could pocket you hundreds of pounds over the year. Always be safe and use reputable car sharing platforms to find lifts.
The Locum industry has taken a few hits over the last year but it still can offer you very lucrative rewards. Try out these tips and see how much of a difference you feel in your wallet. If you'd like to make your efforts go even further, check out the Locum Passport - a handy way to use your compliance data to get jobs quickly and easily What do you think of our list? Do you have any other suggestions that you think should make the top 5? We’d love to hear your thoughts below!
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