Contractor availability fell once again in September
September saw another fall in contractor availability, according to research conducted by the Recruitment and Employment Confederation. Skills shortages in the engineering and construction sectors have been exacerbated by the need for more and more qualified candidates to fulfil roles created by significant infrastructure and housebuilding projects.
While this might be bad news for those who work in recruitment and are finding it hard to fill roles with suitable candidates, it is good news for those contractors who are seeking work as they will have a wider range of opportunities to choose from. However, unless more contractors take up these roles, some of the projects that require their experience and qualifications could be held up, including rail upgrades and housing developments.
Contractors in the finance and accounting sectors will be encouraged to learn that there is strong demand in those sectors as well, coming in at second place in the contractor demand table. Reports have shown a significant shortfall in the number temporary candidates with availability, with London agencies finding it hardest to source suitable candidates for the number of roles that need filling. Contractors in these sectors may find that the number of contingent opportunities mean that they are able to have a wider choice of opportunities.
The construction industry has been enjoying an increase in activity levels, with many clients in the sector deciding to hoard skills in order to ensure that they have the necessary workers to fulfil their contracts, with many changing their strategy to include more permanent hires in order to guarantee skills retention.
In terms of geography, the Midlands appears to be one of the most buoyant areas for contractors to seek work, recording as it did the highest rate of growth both in agency bookings for contractors and pay rates.
If you want to get an idea of your potential earnings as a contractor, then our take home pay calculator can help you to work out your position. We also have a range of other guides to everything from contractor tax to running a limited company so you can learn anything you need to know about working for yourself.
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