Contractor hiring is ‘faring very well’, reveals latest Venn Index
Great news for contractors across the UK, as a recent report has shown that the temporary and interim market is faring surprisingly well, despite the current economic climate.
The report, which has been carried out by the Venn Group, has revealed its latest results from the quarterly survey. Although hiring levels have decreased by a mere 4 per cent, this was expected due to the large growth in Q1, which saw a 33 per cent rise.
However, hiring levels for contractors are now 14 per cent higher compared to the last quarter of 2011.
For IT contractors and those freelancing in finance, these two sectors have found themselves being taken on in larger numbers to the public sector. This is due to the NHS transition from Primary Care Trusts to Clinical Commissioning Groups.
London’s NHS alone has seen an 8.6 per cent increase with the hiring of temporary workers and interim staff.
Venn Group director Robert Bowyer said: “Whilst there is no doubt that the employment market is experiencing turbulent times, in the second quarter of 2012 the temporary market appears to be faring very well.
“On the whole businesses are spending more on recruitment than last year as they increasing rely on contract staff in today’s economically unpredictable market in a bid to cut their permanent headcount costs.”