Engineering contractors see strongest rate of expansion
The Recruitment and Employment Confederation (REC) and KPMG Report on Jobs found that contractor demand remains high, especially among those in the engineering sector.
The latest Report on Jobs revealed temp billings rose at a rate only marginally slower than December’s 15-year peak.
January findings show that growth of contractor/temporary billings was signalled in each of the English regions during January. The strongest rate of expansion was indicated in the North, followed by the Midlands.
Demand for staff rose in both the public and private sectors.
With regards to the different contracting sectors, demand rose for all nine areas, with the strongest rate of expansion being the engineering sector.
The REC’s Tom Hadley said, “The squeeze on people’s finances continues to dominate the news but this month’s data shows there is hope for workers.
“The report shows many of the latest in-demand roles are being sought by employers looking to invest in staff to build their businesses including customer services, marketing and sales roles, although there are skills shortages across all sectors. This again underlines just how critical the issue of skills shortages is becoming, as businesses will not be able to contribute to economic growth if they cannot find the skilled workers they need.
Bernard Brown, Partner and Head of Business Services at KPMG, added, “Employer confidence continues to grow, with the thirst for new staff hitting a fifteen-and-a-half year high in January.
“In a week showing improvements to UK construction figures and growth across the Eurozone manufacturing industry, it shouldn’t come as a surprise if other sectors begin to report peaks in performance.
What’s life really like as a contractor? Visit our Life as a Contractor case studies hub for real life stories on working through your own Limited company, taking money out of your Limited company, understanding IR35 and much more.
For just £120 + VAT per month, SJD Accountancy offers an all-inclusive fixed fee accountancy package, which covers:
- Year-end accounts*
- Corporation tax
- Payroll bureau
- Dividend administration
- Dealing with HM Revenue and Customs and Companies House
- Quarterly VAT Calculations
- Support with Annual Returns
- Personal Taxation
- Access to your own dedicated accountant* for all help and advice
- Free bookkeeping software
For more information on contracting, or our accountancy package, speak to a member of our new business team on 01442 275789 or email email@example.com.