UK Recruitment Glossary
Portfolio Career
In recruiter context
Increasingly common for senior professionals who want flexibility and multiple income streams, and for parents returning to work who don't want to commit to a single full-time role. UK tax treatment is complex — you may have multiple PAYE employments plus self-employment, requiring Self Assessment. The downside is benefits: no single employer offers full pension, holiday, or sick pay across the portfolio. The upside is resilience — losing one stream doesn't end your income, and the diversification often produces higher total earnings than any single role. Common portfolio splits: 3-day-a-week role + 1-day consulting; 2 part-time directorships + freelance; full-time + active side business.
Related terms
Long-Service Award
Recognition payments or gifts given to employees who reach service milestones — typically every 5 or…
Notice Period
The time you must work after resigning before your employment officially ends.
Resume
The US term for what the UK calls a CV — a 1-2 page summary of work history.
PIP (Performance Improvement Plan)
A formal documented plan with targets a struggling employee must hit in a fixed window.