Contractor Industry News

IPSE calls for a statutory definition of self-employment to end confusion

Posted on 24th May 2017

Umbrella company contractors might be interested to learn that the IPSE have called for a statutory definition of self-employment in order to ‘end confusion and ensure working for yourself is viewed as a positive, valuable way of working’.

Having appeared in front of one of Matthew Taylor’s panel sessions in March, IPSE has now submitted its official response to the Taylor Review of modern employment practices.

There are currently definitions in law for what it means to be an employee and what it means to be classified as a worker, but not for genuine self-employment.

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FCSA responds to Labour's plans to ban umbrella companies

Posted on 23rd May 2017

Contractors may have heard Labour's recent pledges with regards to umbrella companies.

The Freelancer & Contractor Services Association (FCSA) has learned that Labour will clamp down on bogus self-employment by shifting the burden of proof of worker status so that the law assumes a worker is an employee unless the employer can prove otherwise and is also planning to ban umbrella companies if it wins the General Election on June 8th.

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Contractor billings grow significantly while permanent placements slow

Posted on 22nd May 2017

Umbrella company contractors will be pleased to hear that the latest Markit/Recruitment and Employment Confederation (REC) Report on Jobs has revealed positive news for the contracting sector.

According to the recent findings, growth in permanent staff placements slowed to its weakest for seven months during April, however, the contracting sector saw billings increase at a sharp and accelerated pace that was the fastest seen in 2017 so far.

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UK sees significant rise in temporary worker numbers

Posted on 19th May 2017

Umbrella company contractors will be interested to learn that a recent survey has revealed that during 2008-2015 the UK has seen the largest increase in self-employed professionals in the EU.

The Trade Union Congress research also found that Britain has seen the third biggest rise in the number of temporary workers in Europe.

Jeanette Makings, head of financial education at Close Brothers, commented, “The UK workforce is continuing to evolve, with more people than ever now choosing to work for themselves for part or all of their career.

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Manufacturing sector sees solid growth

Posted on 18th May 2017

Umbrella company contractors working in the manufacturing sector will be interested to hear that the industry has seen solid growth over the last few months.

The recent Markit/CIPS UK Manufacturing Purchasing Managers' Index (PMI) revealed the start of the second quarter saw a significant improvement in the performance of the UK manufacturing sector.

Rates of expansion in output, total new orders and new export work all gathered pace, underpinned by robust business confidence and driving further job creation.

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HR opportunities see significant growth

Posted on 17th May 2017

Umbrella company contractors working within the HR sector will be interested to learn that opportunities within the sector have grown considerably.

The latest Robert Walters UK Jobs Index has found that job vacancies for those working in HR rose by as much as 25% in the first quarter of 2017 when compared to the same time in the previous year.

According to the findings, it is those with mid-level management roles who are the most in demand – HR manager roles make up 12% of all opportunities and those in executive level positions make up nine per cent.

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Accounting and finance skills in high demand

Posted on 9th May 2017

Umbrella company contractors working within the accounting and finance sector will be pleased to learn that those with the right skills are seeing a significant increase in job opportunities.

According to the latest Robert Walters UK Index, job vacancies for accounting and finance professionals rose by 41% in the first quarter of 2017 alone.

Data revealed that it is the mid-level accounting roles that made up the highest percentage of vacancies at 14%, 10% for assistant accountants and seven per cent for finance managers.

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Lifetime ISA needs improving for self-employed

Posted on 3rd May 2017

The Association of Independent Professionals (IPSE) have called on the government to look at improving the Lifetime ISA (LISA) provision for those in self-employment.

The survey found that individuals needed to generate savings of £131 per month, from the age of 20, to secure a comfortable retirement pot.

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IT developers and engineers in high demand

Posted on 27th April 2017

Umbrella company contractors working in the IT sector will be pleased to learn that demand is on the rise for those with the right skills.

Findings from a recent Association of Professional Staffing Companies (APSCo) report show that demand for IT professionals grew by almost 25% in the last two years. The insight, based on data from Vacancysoft, indicated that in addition to Development & Engineering professionals, IT Management and IT support roles are also in high demand, followed by IT Analysts and IT Infrastructure.

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Gig economy – is the UK ready?

Posted on 26th April 2017

Umbrella company contractors might be interested to learn that recent data has revealed that European employees appear ready to embrace the gig economy.

The findings, carried out by ADP – a leading global provider of Human Capital Management (HCM) solutions show that as many as 63% of UK employees and 68% of European employees are interested in, or would consider self-employment or freelancing.

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Contractor billings picked up during March

Posted on 25th April 2017

Umbrella company contractors will be interested to learn that a recent survey has revealed positive news for the contracting community.

The latest Report on Jobs, compiled by the Recruitment and Employment Confederation (REC) and Markit, found that growth in contractor billings picked up from February's four-month low and was sharper than seen on average during last year.

Data also showed that demand for self-employed workers remained robust.

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Tech firm’s growth plans could benefit IT professionals

Posted on 4th April 2017

IT contractors might be interested to learn that a recent survey has revealed that many tech firms are predicting further growth in 2017.

According to the latest findings from Smith & Williamson, as many as 74% of tech entrepreneurs and business leaders are looking to develop their firms, which could in turn result in more job opportunities for those with the right skills.

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Report suggesting self-employed have unfair tax advantage is 'ludicrous' says IPSE

Posted on 24th March 2017

A recent report carried out by the IFS (Institute for Fiscal Studies) has suggested that the UK's self-employed workforce have an unfair advantage compared to permanent staff with regards to tax benefits.

The largest association of independent professionals in the EU, the IPSE (the Association of Independent Professionals and the Self-Employed) has responded to this latest report.

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Job creation on the up as manufacturing sector sees solid growth

Posted on 22nd March 2017

Umbrella company contractors working within the manufacturing sector will be pleased to learn that the industry has experienced significant growth over the last month.

The latest Markit/CIPS UK Manufacturing Purchasing Managers Index (PMI) revealed that the UK manufacturing sector experienced further solid growth of production and new orders during February and although rates of expansion slowed, they remained well above the respective long-run averages.

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International Women’s Day celebrates growing female contractor figures

Posted on 21st March 2017

Following on from International Women’s Day celebrated last week, a recent report has revealed the growing number of female contractors in the UK today.

Findings from the Association of Independent Professionals and the Self-Employed (IPSE) show that between 2008 and 2016 the number of female contractors increased by 55% compared to a 36% growth in males.

In the same time period the number of mothers working as self-employed increased by 79% to a total of 302,000 – 15% of the total contractor population.

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Contractor pay growth picked up from January

Posted on 20th March 2017

A recent report has revealed a mixed bag for the UK’s contracting sector with temp billings slightly softening but rates of pay increasing.

The latest Report on Jobs, carried out by Markit and the Recruitment and Employment Confederation (REC), found that job opportunities continued to increase in February, however the availability of professionals to fill vacancies declined at the steepest rate of reduction.

Umbrella company contractors will be pleased to learn that pay growth picked up slightly from January and was the second-fastest seen in nine months.

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Finance contractors see significant growth in demand

Posted on 15th March 2017

Latest findings from the Association of Professional Staffing Companies (APSCo) have revealed great news for the contracting sector, with contractor placements increasing by 2% year-on-year as permanent positions show a 1% decline. 

The research found that it is the financial services sector in particular that is creating a significant number of job opportunities for contractors.

Engineering is another area where contractor demand is growing, which according to the APSCo is likely to be due to the number of large-scale infrastructure projects taking place across the UK.

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Business confidence within construction sector results in more hiring

Posted on 10th March 2017

Contractors working in the construction sector will be pleased to hear that a recent survey revealed growth in hiring within the industry.

February data indicated that construction companies remain upbeat about their growth prospects for the next 12 months, with almost half (48%) forecasting a rise in business activity and only 13% expecting a decline. According to the report, the degree of positive attitude was stronger than seen on average in the second half of 2016, but weaker than January’s 13-month peak.

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Number of contractors working in London soars

Posted on 8th March 2017

Umbrella company contractors might be interested to hear that latest research has revealed the capital to be the most popular place for contractors to work in the country.

Recent data compiled by the Association of Independent Professionals and the Self-Employed (IPSE), shows that the number of contractors working in London has increased by 59% over the last nine years – this has made the capital the fastest growing region for self-employed numbers.

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More nurses and teachers choosing contracting lifestyle

Posted on 6th March 2017

A recent survey has revealed that there are more and more nurses and teachers choosing the contracting path, with ‘disillusionment with permanent employment in the public sector’ being a big factor.

New research by the National Institute of Economic and Social Research (NIESR) in partnership with the Recruitment and Employment Confederation (REC) found that agency nurses and supply teachers cited a better work-life balance, the ability to pick and choose when they worked and escaping stress and office politics as a main driver to leaving permanent employment.

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IT professionals in high demand

Posted on 3rd March 2017

IT contractors will be pleased to learn that a recent survey has found that job opportunities within the sector have increased by 10% compared to the previous year.

According to findings from CompTIA, 2016 saw more than 1.3 million IT job roles advertised.

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Contractors contribute £119 billion to UK economy

Posted on 2nd March 2017

Umbrella company contractors might be interested to learn that the millions of contractors currently working in the UK are contributing a significant amount of money to the economy.

Latest research carried out by the Association of Independent Professionals and the Self Employed (IPSE), revealed that contractors contribute £119 billion to the UK economy – a considerable increase from the £109 billion reported in 2015.

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IPSE respond to self-employment growth

Posted on 27th February 2017

Umbrella company contractors may be interested to learn that latest findings have revealed that the number of people joining the self-employment sector has increased considerably over the last few months.

Recent ONS employment figures show that during the three months to December last year, the number of contractors in the UK rose by 125,000 to 4.8 million.

The ‘voice of independent professionals’, the Association of Independent Professionals and the Self-Employed (IPSE) have responded to these latest findings.

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High percentage of people dream of becoming self-employed

Posted on 24th February 2017

Umbrella company contractors might be interested to learn that a recent survey has revealed that as many as 42% of people dream of becoming their own boss.

The recent research, carried out by Centre for the Modern Family, found that despite this, only 5% of those surveyed believe that that will be able to make this a reality.

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Cybersecurity skills gap to reach 1.8 million in next five years

Posted on 23rd February 2017

IT contractors will be interested to learn that latest findings have shown that the world will reach a shortfall of 1.8 million workers with cybersecurity skills by 2022.

The survey of 19,000+ cybersecurity professionals, carried out by the Center for Cyber Safety and Education, found that this figure is an increase of 20% on the five year projection made in 2015 by its bi-annual Global Information Security Workforce Study.

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Aviation contractor’s average take home pay higher than ‘permies’

Posted on 22nd February 2017

Umbrella company contractors might be interested to learn that a recent survey has revealed that aviation contractors earn on average more than their permanent counterparts.

The data, compiled by Carbon60 for its first ever aviation salary survey, found that there is a 22% difference between an average permanent (£48,608) and contractor (£59,334) wage. 

Findings show that with regards to pay, one of the best areas for an aviation contractor to work in is design, with the average take home pay being £88,737 a year.

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More women in self-employment than ever before, but they need more childcare support

Posted on 20th February 2017

Umbrella company contractors might be interested to learn that recent ONS data has revealed that there are now 1.5 million female contractors in the UK, which is up by a third since 2011.

With so many women now choosing the self-employed route, a recent report from the Women and Work All Parliamentary Group (APPG) have called on the government to lend more support to working parents with regards to Statutory Maternity Pay and tax-free childcare.

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Contractors will play an important role in the future workplace

Posted on 16th February 2017

Umbrella company contractors will be interested to learn that a latest report has revealed that self-employed workers are expected to play a fundamental role in the future as more and people decide to join the contracting sector.

According to latest findings from global talent acquisition and management firm Alexander Mann Solutions, it has been predicted by 63% of senior HR professionals that non-permanent hiring will continue to grow over the next two years.

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Manufacturing sector in high demand

Posted on 13th February 2017

Umbrella company contractors working in the manufacturing sector will be pleased to learn that a recent report has found that opportunities within the industry have increased significantly over the last year.

Latest data from Reed.co.uk found that manufacturing based jobs grew by almost a quarter in the last 12 months – the construction, engineering and retail sectors also experienced strong employment growth.

According to the report, these job opportunities have increased across all regions, with Northern Ireland and Wales seeing the most growth.

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Manufacturing roles in high demand

Posted on 10th February 2017

Umbrella company contractors working within the manufacturing sector will be pleased to learn that demand for the industry has seen considerable growth.

Jobrapido have released its latest report, which indicates significant job growth within the manufacturing sector. Figures show that during 2016, there were 2.28% more roles advertised within the industry compared to the previous year.  

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