Fintech contractors' prospects better than permanent counterparts
The world of financial technology has been one which has seen a lot of advances over recent months, with the success of a number of companies in the sector proving that they have the capacity to dominate the UK economy given the right conditions.
One of the areas in which Fintech is proving to be outstripping other sectors is the hiring of contractors, according to a recruitment firm that specialises in placing contractors with financial expertise into companies that need their skills.
The quarterly figures for recruitment amongst Fintech companies have shown an increase of 64 per cent in the number of contracting positions advertised, compared to an uplift of only 57 per cent in the number of roles available for permanent staff.
The rates that contractors are commanding are also proving preferential in comparison to those with permanent positions, with contractors in the sector averaging around £430 per day which amounts to a higher take home rate than the average permanent wage of £60,000 per year.
While Fintech is proving a maturing market, the opportunities for both permanent and temporary staff are proving comparable with the most in demand roles proving to be those in IT security, enterprise resource planning and technical architecture, with some jobs in those areas offering £600 a day for contractors with the right skills.
According to recruitment experts, 2015 was an important year for Fintech firms which they have built on in 2016 so far with businesses in the sector increasing their investment, growing fast and making an increasingly substantial economic contribution.
If you want to know whether you could increase your income working for yourself, then our guide to being an IT contractor is a great place to start. We also have a handy take home pay calculator which can help you to work out how much you would be earning, and a guide to contractor accountants to help you to get the best support available.
For those who want to ensure that they are getting the best advice on their finances, our friendly team of experienced accountants are always on hand to offer advice and support. For more information about our specially designed packages, call today on 01442 275789 or email email@example.com for details.