Pimento offers marketing agencies chance to put staff on transfer loan

A virtual recruitment agency has hit upon an innovative way of enabling marketing professionals to swap marketing agency but subsequently return to their employer.

A statement released this week by Pimento reveals their idea comes at a time when marketing agencies are facing increasing financial pressure as a result of the shift from retainers to project-based remuneration. It was inspired by the football loan scheme, which allows players to move to another club on a temporary basis.

Under the scheme, marketing agencies or in-house departments can offset staff costs during difficult times by seconding workers to another marketing agency needing extra resources. After a set period agreed between the two parties, the team or individual will return to their original marketing agency.

Commenting on the scheme, Pimento founder Nick Band said: “Reducing headcount can be an expensive business and a decision you may live to regret once business picks up. We’ve now created a way to lose the cost without losing the people.”

Transferred staff will still be legally employed by their original marketing agency and bound by their employment contracts.

• What do you think about this idea? Worth trialling in other sectors too? Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is recruiter.editorial@redactive.co.uk

CONTRACTS & DEALS: 16-20 SEPTEMBER 2019

This week’s contracts and deals include: 24 Seven, Fleet Source, JSA Services, LinkedIn, neuvoo, Pertemps Driver Training, The Sage Group, The SR Group, We Build Recruitment

Contracts 17 September 2019

APPOINTMENTS: 9-13 SEPTEMBER 2019

This week’s appointments include: Autotech Recruit, Bibby Financial Services, Eden Scott, Frazer Jones, Mane Contract Services, Oleeo, Pedersen & Partners, StepStone, Thorn Baker, Totaljobs

People 9 September 2019

Home Office radio ad on EU settlement scheme ‘misleading’ says ASA

The Advertising Standards Authority has upheld a complaint made against a radio advert for applicants to the government’s EU settlement scheme.

28 August 2019

APPOINTMENTS: 19-23 AUGUST 2019

This week’s appointments include: Amerit Consulting, AVROBIO, Bis Henderson Recruitment, Crown World Mobility, Diamond Recruitment, Eames Consulting Group, Hortor, JVP Group, Macildowie, Onezeero, Sphere Digital Recruitment, Thorne & Wait, Wincanton

People 19 August 2019
Top