New research has revealed that a high percentage of IT contractors are choosing to carry out work in the private sector instead of the public.
With changes to IR35 rules meaning that IT contractors in the public sector are now being taxed like employees, more and more self-employed workers are turning to the private sector for their contracts.
According to the research from CW Jobs, as many as 71% of the 1,000 IT contractors surveyed said their take home pay had decreased because of IR35 changes – 29% experienced an 11-20% reduction in income and 27% a 21-30% decrease.
Just a couple of months ago, the IPSE 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’.
This was in response to the Matthew Taylor Review of Modern Working Practices. At the time this was briefly put on hold due to the snap General Election, but the report has now been released.
With the recent Matthew Taylor Review on Modern Employment Practices looking at the ‘implications of new forms of work on worker rights and responsibilities, as well employer freedoms and obligations’, the IPSE is clear on the fact that they do not want the results to impact self-employed worker’s flexibility in any way shape or form.
This response has come after Deliveroo’s submission to the review, with plans to provide greater protection to riders.
The number of enquiries for umbrella companies has more than doubled compared to just a few months ago, with the recent changes to employment status checks thought to be the reason behind this surge.
The findings, from Parasol Group have revealed that enquiries have increased by an incredible 76% since Q1 2017 – going from 4,473 to 7,916.
Umbrella company contractors might be interested to learn that the Freelancer & Contractor Services Association (FCSA) have responded to the sector coming under attack from the teaching sector.
Umbrella firms have come under fire from representatives of the teaching profession with the FCSA pointing out that criticisms towards umbrellas are usually based on a misunderstanding about tax, employment costs and the way in which pay is calculated.
IT contractors will be interested to learn that there is a large demand for highly skilled IT professionals, particularly within Greater London.
According to the research carried out by the Association of Professional Staffing Companies (ASPCo) and Vacancysoft, IT experts accounted for 28.4% of all vacancies advertised over the last two years.
The recent data revealed that the Marketing and PR sector also saw a rise in demand with the Technology and Media & Telecoms sectors being the roles most sought after within the industry.
Working from your local coffee shop might ring true for many umbrella company contractors, as new research shows a surge in the number of people choosing the 'coffice' as their go-to place to work.
According to the data compiled by MyVoucherCodes, there are now four out of five Brits regularly carrying out work from a coffee shop – this includes contractors, freelancers, business owners and permanent workers.
The findings show that 56% of those surveyed work from a coffee shop on a weekly basis, and the average time spent working there is an hour and a half.
Latest research has revealed that employer confidence in the economy has strengthened following a fall from the EU referendum result last year.
According to the recent JobsOutlook survey by the Recruitment & Employment Confederation (REC), of the 607 employers questioned, many are very optimistic with regards to their own company’s hiring and investment decisions, with a net balance of +18% saying they expect it to improve.
This is of course positive news for self-employed and permanent workers alike, as more employers will look to hire those with the right skills.
Umbrella company contractors might be interested to hear that the number of marketing opportunities increased by as much as 6.9% in the 12 month period ending May 2017.
The latest Marketing Trends Report from the Association of Professional Staffing Companies (APSCo) found that Branding specialists saw the biggest increase in the number of roles, with a 36.4% increase in demand. However, Professional Marketing continued to be the greatest area of growth accounting for 19.6% of all new vacancies.
Umbrella company contractors might be interested to learn that a new campaign has been launched to encourage more female contractors to join the engineering sector.
With nearly 2,000 female contractors working in different sectors within Morson International, its campaign is looking to double its current number of self-employed female engineers by 2020.
According to the findings, the number of females working within the engineering industry makes up less than 10% of the workforce.
Latest research has found that there has been a 15% month-to-month increase in the number of professional job opportunities nationally during May.
The findings, carried out by Morgan McKinley, found that there is strong demand for recently qualified accountants, tax consultants and candidates with between two and three years of experience looking to specialise in more niche areas.
Umbrella company contractors will be interested to learn that a new survey has revealed that contracting and freelancing has a 'significantly positive' effect on well-being.
The report, compiled by the Association of Independent Professionals and the Self Employed (IPSE) surveyed just over 1,000 self-employed workers, finding that as many as 84% are 'very satisfied' with their contracting career.
Comparing these findings to a recent CIPD report, only 64% of employees felt the same way.
IT contractors will be pleased to learn that a new report has revealed that cyber security roles have seen a huge increase in demand.
It is thought that recent high profile cyber attacks, such as the NHS case, has resulted in increased demand for professionals with the right skills.
Findings from the Association of Professional Staffing Companies (APSCo) show that IT security vacancies increased by 6.2% during the year ending 30th April 2017, with strong demand for IT security staff from the accountancy (40%), retail and education sectors.
Umbrella company contractors might be interested to learn that a new survey has revealed that many contractors believe that Brexit will have no affect at all on their business.
The report, carried out by Qdos Contractor found that of the 1350 freelancers and contractors surveyed, 44% say that they don't think they will be affected by Brexit, 38% think that it could be a negative outcome for them and 18% think it will have more of a positive impact.
Umbrella company contractors working within the family law sector will be pleased to learn that the industry saw a growth of 47% in vacancies to the end of April 2017.
Findings from the Association of Professional Staffing Companies (APSCo) revealed that probate lawyer vacancies have increased by 56% over the last 12 months.
According to the report, it was also found that real estate continues to be the largest practice area with regards to new opportunities.
Umbrella company contractors will be interested to learn that the Association of Independent Professionals and the Self Employed (IPSE) have unveiled a campaign for the UK General Election in order to give the self-employed a voice.
In its manifesto, the IPSE says that the contracting sector contributes so much to the UK's success, stating that:
Umbrella company contractors working within the HR sector will be pleased to hear that demand for such roles has seen a 4% year-on-year rise to March of this year.
Latest data from the Association of Professional Staffing Companies (APSCo), based on findings from Vacancysoft, also revealed that the number of opportunities for recruitment specialists increased by 12% within the same period.
According to the findings, the top sectors for HR jobs were both advertising (34%) and media (33%).
Umbrella company contractors will be interested to learn that recent findings show an increase in many contractors’ rates of pay.
The latest survey, compiled by Qdos Contractor revealed that a high percentage of UK self-employed workers have reported either no change or an increase in their earnings from the beginning of the year.
Of those surveyed, 56% have found that their earnings remain the same, whereas 22% have noticed a rise in their take home pay.
Recent data has revealed that there are now more people than ever choosing to join the self-employed sector.
The latest notonthehighstreet.com and Oxford Economics survey has shown that there are now 134,000 small creative businesses now operating within the UK, which are in turn opening up further opportunities for contractors and permanent workers alike, as figures show that they currently employ as many as 192,000 people.
Contractor umbrella contractors will be pleased to learn that more UK employers are turning to the highly skilled self-employed workforce in order to fill the skills gap.
The latest JobsOutlook report, compiled by the Recruitment and Employment Confederation (REC) has revealed that as many as nine out of 10 employers (89%) are planning to increase or maintain their contract and temp workers over the next three months.
Umbrella company contractors might be interested to learn that a recent survey has found that as many as 85% of professional recruitment leaders have confidence in their business growth.
The research, taken from the Association of Professional Staffing Companies' (APSCo) 'Growing Together' report comes as positive news as an increase in growth could very well result in more opportunities for highly skilled contractors.
Umbrella company contractors might be interested to learn a recent report has revealed that much of the success of the labour market has been down to the self-employed sector.
The Association of Independent Professionals and the Self-Employed (IPSE) have responded to newly released employment statistics showing the continuing strength of the UK labour market since the financial crisis.
The number of self-employed in the UK has grown by 114,000. That means there are now 4.78 million self-employed people in the UK – a total of 15% of the workforce.
With the outcome of the General Election still up in the air while Conservatives and the DUP continue to reach an agreement, a recent survey found that many contractors and freelancers are lacking in confidence when it comes to the government.
The research, compiled by Qdos Contractor surveyed 1356 UK freelancers and contractors before the General Election, and found that at the time, as many as 97% believed that the government didn't have their best interests at heart.
Despite this, 42% were still planning to vote Conservatives.
The rest of the survey found that:
With the UK’s small businesses being warned of increasing cybercrime threat, this could very well open up opportunities for IT contractors with the right skills.
With the recent attack on NHS computer systems and the complete havoc it caused, the Federation of Small Businesses (FSB) are urging UK firms to take action by protecting themselves from any possible cyber attacks.
Positive news for umbrella company contractors and other freelancers comes from the latest Markit / Recruitment and Employment Confederation's (REC) Report on Jobs.
Contractor and temp billings grew at a steeper pace and recorded the strongest rate of growth since March 2015, while hourly rates of pay also rose sharply. Furthermore, the increase in demand was the strongest seen since July 2015.
Umbrella company contractors working within the NHS will be pleased to learn that the new restriction set to come into place regarding agency staff, will be put on pause for the time being.
In a letter sent to NHS trust leaders, NHS Improvement (NHSI) has announced it is pausing until further notice its plans to ban trusts from using agency staff who also hold substantive roles in the NHS.
Umbrella company contractors might be interested to learn that a recent report has revealed the top 10 job locations across the UK.
Latest findings from CV-Library have shown that job opportunities increased a considerable amount last month, by 14.1%. These recent results perhaps suggest that business confidence remains high up and down the country.
Here are the top 10 locations where vacancies are on the increase:
Umbrella company contractors might be interested to learn that many UK employers who have had difficulty filling vacancies have as a result increased the rates being offered.
The REC’s latest JobsOutlook survey of 600 employers found that in an attempt to attract candidates after failing with an initial advertisement, 80% of employers re-advertised the role.
It was also revealed that 19% of employers plan to increase their contractor headcount in the medium term, with 12% planning to do so in the short term.
Umbrella company contractors working within the IT sector might be interested to learn that the positive attitudes coming from the Midland's manufacturing sector could very well increase job opportunities.
Findings from a recent Made in the Midlands Roundtable event looking at 'Manufacturing for the future, the Fourth Industrial Revolution', revealed that manufacturing businesses were optimistic about the opportunities technology developments are making to the sector.