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Contractor Industry News

IPSE respond to growing contractor numbers

Posted on 6th February 2017

Umbrella company contractors will be interested to learn that the number of those who are self-employed continues to rise, as more and more people choose to join this method of working.

Latest ONS employment data has revealed that the number of self-employed people currently working in the UK rose by 133,000 to 4.77 million in the three months to November.

Self-employment body, IPSE, have responded to the recent news.

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IPSE have its say on UK economy growth

Posted on 3rd February 2017

Umbrella company contractors will be pleased to learn that latest GDP figures from the ONS have revealed positive news with regards to the economy.

According to the recent findings, the UK economy continued to grow by 0.6% in Q4 2016 – at the same rate as the previous two quarters.

This is great news for not just contractors of course, but the country as a whole.

The non-profit and largest association of independent professional in the EU, the IPSE (the Association of Independent Professionals and the Self-Employed) have commented on these latest figures.

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Contractor placements have risen year-on-year

Posted on 2nd February 2017

A recent report has revealed great news for the UK’s highly skilled contractor workforce, as figures show that contractor placements have risen year-on-year.

The Association of Professional Staffing Companies (APSCo) did however find that demand for finance and IT skills fell slightly over the last month. It is believed that the finance sector in particular may be suffering due to recent reports on banks moving large numbers of jobs from the Capital, which may very well have stalled recruitment activity. 

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Cyber security skills shortage could result in IT contractor demand

Posted on 31st January 2017

IT contractors with specialised skills in cyber security could very well benefit from the major skills shortage being seen within the sector. 

Findings from Indeed have revealed that British businesses could be significantly increasing their risk of cyber crime by not being able to hire those with cyber security skills – this could in turn benefit IT contractors with the right skills, as businesses reach out for experts in the field.

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Many Brits look to join contracting sector to make money from their hobby

Posted on 25th January 2017

A new survey has revealed that a high percentage of British people would prefer to be their own boss by concentrating on making money from their hobby.

The research, carried out by Wix, has found that 32% of those surveyed believe that they are a lot more talented in their chosen hobby compared to their current job, with 44.1% wanting to turn their hobby into a business.

The top hobbies mentioned in the survey include:

·       Baking (18.5%)

·       Photography (18.3%)

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Demand for IT security roles sees significant growth

Posted on 24th January 2017

IT contractors with the right skills will be pleased to learn that demand for cyber security roles has seen significant growth in recent months.

Latest findings from Morson International have revealed that as more and more businesses look to protect themselves from the threat of cyber crime, roles for IT professionals have grown considerably.

According to the company, it predicts that the sector will require as many as 1.5 million IT security contractors over the next three years.

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Manufacturing skills in high demand

Posted on 20th January 2017

Latest findings have revealed positive news about the jobs market, as it has shown continued growth throughout the previous month.

Recent research from reed.co.uk shows that the jobs market is up 7% compared to this time last year, with both manufacturing and retail driving this increased growth, rising by 21% and 22% respectively.

James Reed, chairman of reed.co.uk, commented on the latest survey, “It’s encouraging to see that more jobs are being created in manufacturing, as it has such a positive effect on the wider economy.

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Employment law and tax system needs to catch up with rapid contractor growth, says IPSE

Posted on 18th January 2017

Umbrella company contractors may be interested to hear that the Association of Independent Professionals and the Self-Employed (IPSE) have called for better pension provision, maternity allowance and research into the contracting sector.

This was its response to the parliamentary Business, Energy and Industrial Strategy (BEIS) Committee inquiry into ‘the future world of work and the rights of workers’.

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HR professionals in high demand

Posted on 16th January 2017

Umbrella company contractors working within the HR sector may be interested to learn that demand for these roles rose 8% year on year to October.

Latest findings from the Association of Professional Staffing Companies (APSCo), which was based on analytics provided by Vacancysoft, has revealed that the number of openings per month exceeded figures from 2015 in both September and October. This is despite a minor post-referendum drop in demand.

According to the data, the top sectors for HR opportunities over the past year include:

·       Accountancy

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Construction sector sees significant growth

Posted on 13th January 2017

Umbrella company contractors working within the construction sector will be interested to hear that latest research has revealed positive news for the industry.

The latest Markit / CIPS UK Construction Purchasing Managers’ Index (PMI), has shown that UK construction companies signalled a positive end to the year, led by the fastest rise in new order volumes since January 2016.

Stronger demand has resulted in a broad-based upturn in business activity during December and sustained job creation, with the latest rise in employment being the fastest since May.

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Standout jobs growth seen across the UK

Posted on 11th January 2017

Umbrella company contractors may be interested to learn that there has been a report of standout jobs growth across the UK as Christmas approaches.

Findings from CV-Library revealed that job growth has increased by 13.6% year-on-year and 3.2% month-on-month.

According to the latest research, Sheffield and Southampton saw the greatest jobs growth with a 28.5% and 23.1% rise, with manufacturing (37.7%), Automotive (37.3%) and hospitality (26.8%) being the top sectors for increased opportunities.

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Majority of contractors are working harder than ‘permies’ over the festive period

Posted on 9th January 2017

Umbrella company contractors might relate to a recent survey, which implies that those who are self-employed are taking less time off over Christmas compared to their permanent counterparts.

According to the survey of 333 self-employed workers, which was compiled by Contractor Calculator, 31% said that they will be taking less than a week off over Christmas and 45% will still be carrying out tasks for their clients during the festive season.

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IPSE respond to latest contractor growth

Posted on 6th January 2017

Umbrella company contractors might be interested to learn that recent findings have revealed a massive surge in the number of people joining the self-employed sector.

With latest ONS employment figures showing that self-employment has increased significantly by 129,000 to 4.75 million in the three months to November, contractor experts the Association of Independent Professionals and the Self-Employed (IPSE) have their say:

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Construction contractors see higher demand within sector

Posted on 21st December 2016

Latest findings have revealed positive news for the construction sector, with contractors working within the industry seeing higher demand.

Findings from the Markit/CIPS UK Construction Purchasing Managers' Index (PMI) revealed that data from November indicated that the UK construction sector continued to rebound from the weak patch recorded on average during the third quarter of 2016.

Business activity and incoming new work increased at the strongest pace since March, although both rates of expansion remained much softer than the peaks achieved at the start of 2014.

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Contracting specialist says self-employed have been overlooked in creating 'match-fit' economy

Posted on 19th December 2016

Umbrella company contractors might be interested to hear that contracting specialist Nova have expressed concerns over the recent Autumn Statement, especially with regards to overlooking the self-employed and a 'match-fit' UK economy.

Nova Contracting Director Marcus Green, explained, “The Chancellor has missed a real opportunity to demonstrate that the Government understands modern working patterns and recognises the vital role of temporary workforce to the UK economy.

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Construction body needs to do more for contractors, says experts

Posted on 16th December 2016

Contractors working with the construction industry will be interested to hear that a committee of construction experts, companies and renowned academics revealed that a new survey shows the self-employed receive very little on-the-job training compared to employees.

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ContractorUmbrella awarded Essex Limited 2016: Top 100 Companies by Grant Thornton

Posted on 15th December 2016

I am so pleased to announce that ContractorUmbrella Ltd has been awarded the Essex Limited 2016 Top 100 Companies Award by Grant Thornton LLP. What a fantastic accolade to have received during my first year as MD... one of the largest turnover companies in the whole of Essex. Wow!

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IPSE respond to Autumn Statement

Posted on 14th December 2016

Umbrella company contractors will be interested to hear that the Association of Independent Professionals (IPSE) have responded to the recent Autumn Statement.

According to the IPSE, it is concerned with regards to the developments for the UK’s freelance community after hearing the Chancellor’s speech, as changes to rules surrounding IR35 are going to ‘inflict irreparable damage to the public sector at a time it needs its contractors the most’.

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Government must examine exploitive business models in gig economy review, say experts

Posted on 13th December 2016

Umbrella company contractors may be interested to hear the IPSE’s (The Association of Independent Professionals and the Self-Employed) view on how the government should tackle its latest review on the 'gig' economy.

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Contractor billings reach seven-month high

Posted on 9th December 2016

Umbrella company contractors will be interested to learn that latest research has revealed positive news for the self-employed sector.

Recent findings from the Markit/Recruitment and Employment Confederation's (REC) Report on Jobs revealed that contractor staff appointments rose at a quicker pace, with the rate of growth reaching a seven-month high. It was also found that pay rates continued to rise, and at the fastest rate since August.

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Financial services contractors see high demand

Posted on 7th December 2016

Umbrella company contractors might be interested to learn that opportunities within the financial services sector are on the up, despite widespread speculation about a negative impact on City jobs following Brexit.

According to findings carried out by Venquis, contractors across the financial services sector are in high demand as businesses look to maintain major change projects.

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Experts advise businesses to spend more on outsourcing IT tasks to tackle cyber-crime

Posted on 5th December 2016

IT contractors might be interested to learn that UK businesses are being advised to outsource more in order to tackle cyber security.

According to research carried out by Office Depot, there are many businesses not protecting themselves enough when it comes to cyber-attacks and data breaches, with as many as 74% of those surveyed believing that their company isn’t doing enough to tackle such crimes.

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UK businesses plan to hire more workers

Posted on 2nd December 2016

Umbrella company contractors will be interested to learn that despite business confidence being fairly low, many are still looking to hire additional workers.

 

According to the recent JobsOutlook survey carried out by the Recruitment and Employment Confederation (REC), 44% of employers foresee skills shortages, with 34% admitting that they are unable to take on any more work without taking on more workers.

 

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UK businesses need to hire more to meet demand

Posted on 30th November 2016

Umbrella company contractors will be interested to learn that despite business confidence deteriorating in recent months, many say that they still need to hire more workers in order to meet demand.

The latest JobsOutlook survey, carried out by the Recruitment and Employment Confederation (REC), revealed that 34% of employers said that they have no capacity to take on more work without taking on more workers.

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Many UK contractors feel government are unfairly targeting them

Posted on 28th November 2016

Umbrella company contractors might be interested to learn that a recent survey has revealed that many self-employed workers feel that the government is unfairly targeting them.

Latest findings from Contracting Scout has shown that as many as 60% of those in self-employment surveyed, believe that the government is trying to put contractors off their method working. Just eight per cent said that they felt valued by the government.

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Demand for contractors at its highest since May

Posted on 25th November 2016

Umbrella company contractors will be pleased to hear that demand for contractors was at the highest in six months, with placements rising at a faster pace at the start of the fourth quarter and the rate of growth accelerating to a five month high.

The latest Markit / REC Report on Jobs revealed positive news with regards to rates of pay too, as growth quickened slightly from September’s 40-month low.

Looking at sector growth, Blue Collar topped the table for temporary/contract staff demand in October.

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UK businesses continue to hire despite drop in confidence

Posted on 23rd November 2016

Umbrella company contractors will be pleased to hear that UK businesses are continuing to hire additional staff, despite a drop in overall economic confidence.

The Recruitment and Employment Confederation's (REC) latest JobsOutlook survey revealed that businesses are looking to hire more contractors, with four in five (81%) planning to maintain or increase their use of agency workers in the run up to Christmas.

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Tribunal results in Uber drivers not being classed as self-employed

Posted on 22nd November 2016

Umbrella company contractors may have heard about the recent Uber tribunal, which has resulted in drivers who are working for the company no longer being seen as self-employed.

Uber claimed that its workers were self-employed, with the company’s regional general manager saying that it allows drivers to work as their own boss, however, two of the firm’s drivers went to the GMB union after they made the point that they were treated as being employed by the company with regards to the terms and conditions of their work, but were not given basic workers’ rights.

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September data shows significant UK job growth

Posted on 18th November 2016

Latest findings have revealed that September saw standout growth in the number of vacancies reported across the UK.

The research, carried out by CV-Library, reported a 9.8% growth in new job opportunities, with key sectors being found in retail (11.6%), legal (11.3%) and agriculture (10.2%) industries.

The top 10 cities with the most job growth include: Glasgow (41.4%), Sheffield (34.4%), Brighton (32.5%), Cardiff (29.7%), Manchester (25.4%), Birmingham (22.6%), Hull (21.9%), Leeds (13.4%), Edinburgh (7.6%) and Liverpool (6.7%).

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Self-employment rises, but government needs to support contractors more, say experts

Posted on 17th November 2016

Umbrella company contractors will be interested to learn that the number of people in self-employment has increased significantly over the last few months.

Latest results from ONS employment figures have revealed that the number of people working as self-employed in the UK has risen from 273,000 to 4.79 million in the three months to August.

The Association of Independent Professionals and the Self-Employed (IPSE) have commented on these recent findings.

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