British agriculture depends on greater than 70,000 migrant staff yearly to assist help the seasonal workload. Since Brexit, the trade has witnessed authorities measures being put in place to make sure there are not any shortfalls in labour to succeed in the massive demand. Nevertheless, with extra workers on companies’ books, extra payroll must be finished. This will take time, cash, sources and – relying on how wages are paid – can pose some critical safety dangers for workers.
Agriculture and the underbanked
Within the UK alone, there are about 1.3 million individuals financially excluded from conventional banking. So, it isn’t unusual to seek out short-term agricultural workers who’re unable to discover a appropriate banking answer with a view to securely obtain their wages and handle their life within the UK, particularly if they’ve lately migrated to work within the trade.
Usually, short-term staff are denied entry to banking both attributable to lack of documentation to show their id, needing three-months proof of handle inside the UK, or a non-existent UK credit score rating. Subsequently, they’re thought-about as too excessive threat to profit from a standard checking account. Nevertheless, there may be now a brand new, trendy method to tackling these points. Fits Me provides a multi award-winning banking answer that permits employers, recruiters, and unions to open accounts for workers safely and securely inside minutes.
Supporting workers with life within the UK
Since launching in 2015, Fits Me has labored with quite a few companies inside the agricultural trade and created over 120,000 accounts for his or her staff and different underbanked people who want a contemporary banking expertise that promotes monetary freedom and wellbeing – way more than what a primary payroll card can provide. The service is totally free and organising accounts for workers is fast and straightforward by way of a web based portal.
Changing into a Fits Me enterprise accomplice will save companies money and time, plus, removes the necessity to maintain money on premises. When creating accounts for workers on the Fits Me on-line portal, companies will obtain their workers’ distinctive kind code and account quantity in minutes, so don’t want to attend so as to add them to the payroll system. Companies can additionally pay workers’ wages straight into their accounts with a easy financial institution switch.
By paying on this approach, companies can safeguard workers and supply them with their very own monetary independence fairly than paying their wages right into a household or buddy’s UK checking account, which additionally helps to fight trendy slavery within the office.
As soon as accounts have been created for a enterprise’s workers, they’ll obtain a contactless debit card, in addition to acquire entry to on-line banking and the Fits Me cell banking app. This may assist to offer employees with a clear view of their ongoing funds with out the concern of going overdrawn or moving into debt, a standard problem with these new to managing their private funds.
Moreover, if English isn’t the primary language for a lot of workers, enterprise companions is not going to want to fret about answering any of their employee’s questions on banking and private funds as a result of Fits Me gives an in-house multilingual buyer care group, who can talk in 12 languages.
Jack Barbary, payroll supervisor and Eva Olivier, payroll/lodging officer at FW Mansfield & Son, clarify: “We now have handled two earlier suppliers of pay as you go playing cards, and we’re delighted to say that Fits Me has been a breath of recent air.”
An answer that meets all people’s wants
In 2020, Fits Me skilled a 12 months of document progress, which has allowed the corporate to additional lengthen its attain to financially excluded staff within the UK.
One of many causes the Fits Me e-money account works for thus many underbanked people is that it doesn’t require proof of handle or a must run credit score checks, which means any employee in real want can get entry to banking. Richard Lynch, Fits Me managing director, explains: “We’re dedicated to creating the lives of companies who make use of short-term staff simpler and extra environment friendly with our complete banking answer.
Our mission is to offer people, who work inside a variety of industries, with the instruments to efficiently handle their funds and due to this fact, fight the doubtless devastating affect of monetary exclusion.”
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