Contractor News Roundup: July 2020
The latest REC/KPMG’s Report on Jobs has been released, and has revealed great news for contractors across the UK.
The Recruitment and Employment Confederation (REC) and KPMG’s recent report, which takes original data from the UK’s recruitment consultancies, has shown that the number of people placed in temporary/contract roles has continued to rise during the last month.
The Report on Jobs also revealed that contractor’s rates of pay rose at a solid pace that was significantly sharper than figures found in October.
All nine categories of contractor sectors, registered increased demand levels in November. The fastest rate of growth was indicated for Blue Collar workers, which was closely followed by Engineering employees.
REC CEO Kevin Green said, “Report on Jobs show that all sectors, all regions and both the private and public sector are in growth, which is fantastic news for British businesses, the UK economy and people looking for work in 2014.”
Another recent study from Venn Group has revealed similar findings to the Report on Jobs, with results showing that demand for contractors has grown considerably over the last few months.
The quarterly Venn Index, which provides an overview of vacancy levels, average salaries and in-demand within the contracting and interim markets across the UK, found that hiring levels for contractors is most certainly on the rise. It was also found that the majority of the UK contractors experienced a rise in their hourly rates of pay.
The Venn Group’s national accounts manager, Jodie Finn, explains, “We’re seeing some tangible evidence of recovery all over the UK, driven by various factors from positive sentiment in the capital to a thriving aerospace industry in the South West and the significant 30% boost in exports from the West Midlands.
“In light of these positive signs, and the fact that the public sector continues to flourish, we foresee contract and interim employment levels continuing to rise as we approach the New Year and into 2014.”
Considering making the switch from working as a permanent employee to a contractor? Then read our free downloadable guide to moving from permanent to contracting, you may also find our advantages and disadvantages of a Limited company page useful.
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