RACS Group boosted by private equity investment and new industry-leading expertise
UK payroll provider RACS Group has attracted a seven-figure investment as it celebrates a decade in business.
The cash injection is funding RACS Group’s continual evolution to stay at the forefront of the ever-changing workforce landscape. This includes a re-alignment of its core business functions, as well as investment in expert personnel and innovative cutting-edge technologies, with a focus on streamlining internal operations and programmes to benefit its clients.
The investment and business advancement are being overseen by industry expert Jason Kennedy.
Kennedy has 20 years’ experience as leader in the recruitment sector, with firms including ManPower, Grafton and leading temp worker software platform TempBuddy under his belt. His exceptional international trackrecord and insight across recruitment and technology processes bring star quality to the group, and more than ever before RACS has true first-hand understanding of the needs of agencies and contractors.
Chairman and Founder Terry Hillier said: “As we mark ten years of providing compliance without compromise and commitment to contractors, we’re redoubling our focus on customer-centric thinking and sector-leading service.
“With our substantial private equity investment and Jason overseeing the vision, we’re enviably positioned at the vanguard of our industry. With legislative changes and the rise of the gig economy, the service we offer is now more important than ever.”
Change is already afoot with system and workflow improvements implemented over the summer months. The introduction of one central collection point servicing all payroll models streamlines processes for RACS Group’s agencies and accelerates delivery on their behalf, with further improvements due to be announced in the coming months.