It’s been said many times, but KIDs are a huge responsibility.
While they may not be at the top of the to-do list when placing contractors, looking after your KIDs can make your life much easier in the long run.
KIDs, or Key information documents, should be issued to contractors before you place them on assignment, and, as recent case law has demonstrated, not taking responsibility for your KIDs can be a considerable risk.
Why are your KIDs important?
According to the government’s guidance on providing KIDs to agency workers;
“The key information document is intended to improve the transparency of information for agency workers, particularly around pay. It will give agency workers more immediate access to key pay-related information before agreeing terms with an employment business and a clear idea of how any fees and deductions will affect their pay.”
Can KIDs put you at risk?
In short, yes.
Issuing KIDs can make life much easier in the long run as they preempt many of the questions contractors ask when they start a new assignment. KIDS are an excellent upstream process that can negate many issues agencies regularly face during contractor assignments.
However, the most significant risk is in not issuing a KID.
As KIDs are now a legal requirement, failure to issue them is deemed as a breach of the 2003 Agency Conduct Regulations and can result in penalties to the agency.
Big Fish can help to look after your KIDs
At Big Fish, we’re always happy to lend a hand, even when it comes to your KIDs.
We can help to ensure you take responsibility for your KIDs and provide all the information necessary.
If you’re unsure what to do about your Key Information Documents or want to check that what you’re currently doing is correct, call the Big Fish team
