Coronavirus Job Retention Bonus: Further Information Released
A recent survey has found that contractors working in the accountancy and finance sector are expecting more job opportunities within the public sector, over the coming year.
The research, which was carried out by Giant Group, revealed that 41% of those surveyed said that they look to the public sector for increased opportunities, with Industry & Commerce coming in second (32%) and Management Consultancies and Accountancy firms third (7%). Retail & Commercial Banking and Investment Banking & Asset Management were joint fourth at 6%.
Managing Director of Giant, Matthew Brown, said of the findings, “The contractor space in the public sector has seen a lot of activity over recent months and with a number of restructuring projects expected over the coming months, it is envisaged that this will continue. With new developments such as the Payment by Results (PbR) system within the NHS sector, for example, this is a busy period for accountants.”
Interestingly, Giant Group also found that only 19% of respondents were members of the leading accountancy professional bodies, with Matthew Brown suggesting this is indicative of a higher demand for junior to mid level accountancy and finance contractors.
He explained, “It would appear from these lower numbers of qualified accountants that the need for senior level professionals is dropping slightly. This is further supported by the hourly rates recorded, with the vast majority of contractors appearing at the lower end of the pay spectrum.”
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