What is a Key Information Document?
Why is it Important?
The Key Information Document seems to be the subject of some confusion in the recruitment industry at the moment. We have heard from a few clients and colleagues who have a vague understanding of the new requirement, but many are still in the dark about its objective and purpose. Let’s see if we can clear some things up for you.
What is the Key Information Document?
Essentially, it’s a way of recording and reporting the basic information (pay, holidays, deductions, fees, parties involved, etc) of any potential assignment presented to an eligible worker (post April 6th, 2020). The goal is to provide the worker a snapshot of information enabling them to better judge whether to accept an assignment, or not. It’s important to note that this document is not applicable to workers with existing employment terms (Pre April 6th, 2020).
Why is the Key Information Document important?
What do employers need to do?
What warrants completion of a Key Information Document?
- The employee is new to your organization post 6th April 2020
- There is a change of umbrella company/intermediary
- There is a change in contractual terms and conditions
- There is a change in payment intervals or frequency
- There are new deductions relevant to the employee
- There is a new contract or job description undertaken