Energy Contractors - You Don’t Have to Lose Out - You Can Still Benefit Through Your Payroll Provider
Posted 20/05/2020 10:51
With the current difficult situation that we all find ourselves in due to Covid-19, many people and industry sectors have been greatly affected in a number of different ways.
As a direct result of Covid-19, Oil prices in America have fallen to an all-time low. As the industry struggles with a collapse in demand for everything from gasoline to jet fuel caused by the coronavirus outbreak. Brent Crude Oil recently announced that it was touching $15.98 a barrel, it’s lowest since June 1999.
Oil prices have slumped by around 80% this year as the pandemic has spread across the world, killing almost 180,000 people, routing financial markets and leading to what could be the worst economic meltdown since the depression of the 1930s.
The viral outbreak has caused fuel demand to drop by roughly 30% worldwide and energy companies in the United States, the world's biggest producer, are scrambling to find storage for excess oil.
Many contractors have been affected within the Oil & Gas and Energy sectors. As a direct result of this, the launch of a new energy job site has been brought forward to help people currently out of work within this sector due to the Covid-19 situation. Energy People has recently launched their new website with the aim of bringing together all of the energy industry jobs and news in one place, while offering a completely new one-stop recruitment solution for the world’s energy companies.
Merging with Oil & Gas People, the new website will offer candidates access to over 20,000 energy jobs globally. All candidates for these jobs will more than likely require an umbrella company to run their payroll services through.
The primary function of an umbrella company is to organise and ensure payment for the contractor. The umbrella company acts as an employer for contractors and serves as an intermediary between the contractor and their end client or agency.
Umbrella companies offer a range of flexible payment options to suit all contractor needs and understand the importance of offering trusted and reliable payroll services, taking the hassle out of contracting for all contractors.
Payroll Supermarket are a leading umbrella comparison site and can help contractors to compare trusted umbrella companies, that could help them take home more of their earnings.
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