The Gabem Umbrella Companies Blog:
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If the experts are to be believed we are heading for tough times. We seem to have avoided a Global financial disaster but now, with unemployment on the increase and consumers battening down the hatches with their houses losing value the stock markets believe we are headed for a recession. Financial downturns are driven by a lack of confidence and this seems to be the case now. If people and companies have no confidence they will not invest, whether the new TV or houses or new machinery and new markets.

The result is the inevitable news of companies failing and people losing their jobs. The house builders have laid off thousands of people and financial institutions are doing likewise. Our industry is not immune from the economic downturn and there has been at least one Umbrella company closing its doors and rumours of more.

Speaking of confidence, one thing you can be confident about is that Gabem is in a strong position. Not just in our financial position - we have been around for 10 years and have known good times and bad. We are also not dependant on your money sitting in our account, which is why as soon as we have received your money from your agency we send it to your account in a same day payment.

In fact, we are so confident that we launched our new self-employed contract options (Gabem CIS and Gabem Solo) this week. This not only takes confidence but also significant investment. We worked closely with our legal and financial advisors (not cheap) to, make sure we have the best and legally compliant contract options for you. We have also re-designed, re-written and printed all our brochures and documents.

We have a double post from Susan for her legal bits this time around, and if you read the first one yesterday, another has been added asking about Gabem's role in lobbying on the behalf of contractors.

Have a great weekend and feel free to get in touch through the usual channels.

Hugo
17/10/2008