New APSCo research indicates an increase in contractor opportunities
The latest survey from the Association of Professional Staffing Companies (APSCo) was designed to gather the views of recruitment leaders in relation to current marketplace, and the challenges which are faced by professional recruitment industry when it comes to growing their businesses.
Great news for contractors
One of the headline stats from the survey, which was conducted as part of APSCo’s ‘Growing Together’ campaign, is that 44% of respondents said that they anticipated an increase in the number of contractor assignments over the coming months. This is compared with 50% of those surveyed, who said they expect to see fewer permanent opportunities over the same timescale, as employers ‘wait and see’ what will happen regarding Brexit. So, as we suspected, the current economic climate definitely appears positive for limited company contractors!
The general outlook
The report also found that 85% of these recruitment leaders had confidence that their businesses would grow and be successful over the next year, while a huge 98% confirmed that it was important for companies to ‘have the right people on board’ – and from their other comments, it’s clear that means contractors, as much or even more than permanent staff.
Previous research has already identified the importance of having the right skills on board, and this was certainly reinforced by the new survey. Over half (57%) of respondents said that a key barrier to growth was the ‘need to upskill employees’ and that this was one of their main concerns. Again highlighting the benefits of experienced contractors who can hit the ground running.
Commenting on the findings of the latest report, APSCo Chief Executive Ann Swain said, “These findings confirm what we have long suspected – that access to great talent is both crucial for growth and an ongoing concern for the professional recruitment sector . . . having the right people ‘on the bus’ is the most important single factor in driving business success. We may well see a drop in permanent vacancies, and a subsequent uptick in contract roles, but professional recruiters are nothing if not resilient, and the most successful businesses continually respond to market demand.”