Glossary entry

French term or phrase:

portage salarial

English translation:

umbrella company

Added to glossary by Richard Flight
Nov 14, 2003 16:14
20 yrs ago
46 viewers *
French term

portage salarial

French to English Other
Heard of it in French but never been self-employed in an English-speaking country.

This is a deal whereby you are self-employed, but a company bills your clients on your behalf, pays your pension, healtcare and other benefits, takes a cut, and they gives you what's left over as a salary.

Any ideas?

Proposed translations

+4
10 mins
Selected

umbrella company

Freelance en Europe : CyberGazette n° 182 - ... Portage. La société de portage britannique (umbrella company) Contractor Financial Planning Limited (ex-Dignatio Ltd) vient de déposer son bilan. ...
www.freelance-europe.com/cg/CG182.html - 21k
Peer comment(s):

agree GerardP
2 mins
agree Emérentienne : bien vu, mais on dirait que ça porte pas chance...
7 mins
agree zaphod
16 mins
agree Nikki Scott-Despaigne : http://www.jpc.co.uk/getstart.html Certainly the closest UK structure you will get to what is a hybrid structure in France. Mainly est. in Alsace region from legislation created during occupation. Cf. Blenner Strategies.
15 hrs
Nice reference, thanks.
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4 KudoZ points awarded for this answer. Comment: "Yep, sounds like that's the term. By the way, do any of you use the services of these "umbrella" firms? I get letters from the people at Blenner Strategies a couple of times a year and wonder if I'd be better off shedding all the paperwork... Maybe a forum subject?"
15 mins

umbrella facility

Was what I found in this bilingual site (not that I'm too convinced):

Hachette defines it as "system which allows a self-employed person to obtain the social welfare advantages of employee status"; i.e., the company pays the freelancer's social costs.
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42 mins

Piggy back facility

This is what I have heard
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5 hrs

question/suggestion

Who are the target audience/readership? If it's US English, the concept may have to be explained. At least, I'm self-employed and I've never heard of such a deal.

Also... Tell me how to get it!
Peer comment(s):

neutral sarahl (X) : you don't need it in the US. we need it in France to avoid paying a fortune in URSSAF, sécu, CIPAV and the like.
1 day 5 hrs
thanks, sarahl - but have you ever looked at self-employment taxation in the US? When that's added on top of PPO healthcare, retirement funds, etc., it does begin to rival European taxation.
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5 hrs

staffing companies with benefit plans

I don't know of one word, but the staffing companies are the kind of company you are referring to and some do employee benefit and compensation PLANS.

There's that one that begins with an A, can't think of it, right now. It's all over the place...

anyway here goes:
Group of Staffing Companies and you ... of dedicated, committed staffing
professionals in ... competitive compensation and benefit plans including group ...
www.eastridgegroup.com/EastridgeCareers.asp - 13k - Cached - Similar pages

Tax, Benefits, Trusts and Estates Articles: Archives
... Employee Benefit Plans, Investment Advisers, and the Year 2000 ... What Employee Benefit
Plan Fiduciaries Should Be ... Has Good News For Staffing Companies August 11 ...
www.thelenreid.com/articles/tax_archives.htm - 10k - Cached - Similar pages

Organizations / Human Resources : rmis.com Library
... NATSS represents more than 1,600 staffing companies with over ... made up of major companies
committed to EEO ... care coverage, and welfare benefit plans Families and ...
www.rmis.rmfamily.com/sites/organhuman.php - 23k - Cached - Similar pages

American Staffing Association - aboutASA - membership benefits
... data on more than 70 types of employee benefit and compensation ... the ASA Web site to
find a staffing company. ... is an excellent exposure tool for companies of all ...



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Note added at 2003-11-14 21:58:25 (GMT)
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FINAL: to describe the portage, I would say:

CARRYOVER SALARIES

In context, that will be understood...

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Note added at 2003-11-14 21:59:34 (GMT)
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Actually, you do that while you are employed, but if your stint is up and they don\'t find another one for you, you don\'t carry anything...:)
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