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Contractor Industry News

Social media updates could be losing you work

Posted on 24th August 2016

Whether you’re an umbrella company contractor, freelancer or ‘permie’, choosing to upload the wrong content onto social media could very well be preventing you from being hired.

A recent survey, carried out by Monster.co.uk and YouGov, revealed that as many as 36% of UK companies have turned down a potential candidate because of their social media profiles.

More than half (56%) of HR professionals admitted that an online reputation would influence who they hire and 65% said that they will Google a potential candidate.

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Women more likely to be offered financial services based jobs than men

Posted on 22nd August 2016

A new survey has revealed interesting news regarding the gender gap within the financial services sector.

According to recent research carried out by BRUIN Financial, although the Women in Financial Institutions (WiFI) report revealed a three point decrease over the last year, the representation, engagement and recruitment of women within the sector continues to rise. 

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Call for PM to investigate low paid self-employed workers

Posted on 19th August 2016

Umbrella company contractors might be interested to learn that the Prime Minister is being urged to launch an inquiry into self-employed couriers being paid below minimum wage.

In a recent report carried out by The Guardian, which looked into the earnings, hours and expenses of couriers for Hermes, it was found that many self-employed workers were being paid well below the national living wage, and the reason why the company has been getting away with this is due to the fact that contractors are not covered by the national living wage legislation.

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Contractor billings rise, while permanent hiring decreases for second consecutive month

Posted on 17th August 2016

The latest Markit / Recruitment and Employment Confederation (REC) Report on Jobs has revealed that contractor billings has seen slight growth, while permanent hiring has lowered for a second successive month.

According to the research, contract and temporary staff billings continued to rise in July, with some panellists indicating that clients had shifted focus towards short-term staff amid an uncertain economic climate.

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Contractor financial services jump 26%

Posted on 15th August 2016

Umbrella company contractors might be interested to hear that vacancies within the financial services sector jumped by 26% during June.

The report, carried out by the Association of Professional Staffing Companies (APSCo) revealed that following months of increasing demand, general temporary and contract vacancies stabilised across the professional staffing market with opportunities softening by 0.3% year-on-year.

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Many UK students want to join the contracting world

Posted on 12th August 2016

A new survey has revealed that many students are either currently, or looking to join the contracting sector while they are still at university.

The research, carried out by Santander Universities, found that almost a third of the students surveyed, which is the equivalent of just over 500,000, currently run their own business or plan to contract while studying.

The findings represent a 38% increase on the 375,000 budding student entrepreneurs recorded in 2015.

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London continues to hire despite initial Brexit reaction

Posted on 10th August 2016

Umbrella company contractors will be interested to learn that despite the initial reaction to the Brexit news, businesses in London are continuing to hire.

A recent report carried out by the CBI and CBRE has revealed that of the 186 businesses surveyed after the referendum, 41% said that they plan to maintain their investment plans.

Fifty percent said that they will continue to carry on hiring after the referendum.

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Majority of contractors choose to join self-employed sector

Posted on 8th August 2016

Umbrella company contractors may have heard recent reports that claim the main reason for self-employment growth is due to workers being forced into the sector, as opposed to choosing this way of life.

The Association of Independent Professionals and the Self-Employed (IPSE) have responded to these reports and unsurprisingly, completely disagree.

Simon McVicker, Director of Policy and External Affairs, commented on the findings, “There is little evidence to suggest that the rapid growth in self-employment has been driven by people forced into this way of working.

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REC call on policy makers to ensure gig economy is fair to self-employed

Posted on 5th August 2016

Umbrella company contractors might be interested to learn that a new report from the Recruitment and Employment Confederation (REC) has said that the legal status of 'gig workers' must be clarified so that businesses and the self-employed can 'thrive'.

'Gig economy - The Uberisation of work' explores the impact of digital work platforms such as Upwork, Task Rabbit and Freelancer.com, which act as marketplaces matching freelancers with a wide range of project-based work.

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UK automotive jobs on the rise

Posted on 3rd August 2016

Umbrella company contractors working within the automotive sector will be pleased to hear that recent findings have revealed that the number of opportunities in the industry has seen significant growth.

According to Recruitive, there were a record number of automotive jobs advertised during last month.

Sarah Dickens, marketing manager at Recruitive, commented, “June saw the highest ever number of automotive job vacancies advertised via our multi-job posting technology, beating the previous record, held in January 2015, by an astonishing six percent.”

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UK SME hiring could create opportunities for contractors

Posted on 1st August 2016

Umbrella company contractors will be pleased to hear that the UK’s small and medium sized business are planning on additional hiring over the next few months.

The research, carried out by eBay, revealed that one in three smaller sized firms are looking to take on more staff; news that could very well benefit the highly skilled contractors across the country.

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York named UK's fastest-growing area for contractors

Posted on 29th July 2016

Umbrella company contractors might be interested to learn that York has been named as the UK's fastest growing area for the self-employed.

According to latest findings from PeoplePerHour.com, although London still comes top of the list with regards to hourly rates of pay, particularly for online contractors, it is “by no means” the hotspot for contractor growth.

The recent research has revealed that four of the five biggest growth hubs for self-employed professionals are north of the M25. With York top of the list, the next three hotspots are Hull, Durham and Northampton.

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Number of UK self-employed workers has risen to 4.79 million

Posted on 27th July 2016

Umbrella company contractors will be interested to learn that the number of self-employed workers is continuing to rise each month, as more Brits look to gain the benefits of contracting.

Latest findings have revealed that the number of self-employed people in the UK has risen by 300,000 to 4.79 million during the three months to May.

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

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Majority of contractors are ‘very satisfied’ with being self-employed

Posted on 25th July 2016

Latest results from the Office for National Statistics have revealed that there are now more people than ever joining the self-employed sector.

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

Lorence Nye, IPSE Economic Policy Adviser, said, “Self-employment has soared in popularity since the turn of the century; in May 2016 there were over 4.7 million self-employed workers compared to just 3.2 million in Q4 2000.

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Construction industry needs to employ more female workers to tackle skills shortages

Posted on 22nd July 2016

Female umbrella company contractors working within construction will be pleased to hear that experts are calling on employers to take on more women in order to tackle skills shortages.

A report carried out by construction and rail recruiter One Way has said that employers must look to create more welcoming environments for women to attract them to the sector.

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More UK businesses need to recruit specialists to fight cyber-attack threats

Posted on 20th July 2016

Umbrella company contractors with skills in cyber-security might be interested to learn that corporates are putting ever-greater emphasis on the recruitment of specialists with the skills to reduce the risk of cyber attacks.

Armstrong Craven has carried out a series of projects in the financial services sector, which is considered one of the more high-risk industries. It says the Association of British Insurers’ call for a central database of cyber incidents could play a role in ensuring the best talent was deployed in the businesses facing the gravest danger.

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Leading specialist says 'Now is not the time to add more rules and restrictions’ in the wake of Brexit

Posted on 18th July 2016

With the country facing uncertainties from the recent Brexit outcome, a leading specialist hopes for a ‘period of grace’ for the contracting sector.

Marcus Green director of Nova Contracting, commented, "The contracting sector has faced more than its fair share of legislative change and challenge in recent years and has shown itself to be flexible and resilient as it continues to meet the ever growing demand for temporary workforce.

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EU uncertainty results in contractor opportunities

Posted on 15th July 2016

Umbrella company contractors will be interested to learn that uncertainty during the run-up to the EU referendum has resulted in permanent placements falling for the first time in four years.

UK businesses have instead been turning to contractors to protect them against any changes to their growth prospects.

The findings from the latest Markit/ Recruitment and Employment Confederation’s (REC) Report on Jobs revealed that despite the rate being at a nine month low due to the referendum, contract and temporary staff billings continued to increase during June.

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Contractor financial services opportunities jump 27% before referendum

Posted on 13th July 2016

As more findings are revealed with regards to hiring during the run-up to the EU referendum, it seems that contractors are seeing much better results compared to ‘permies’.

The latest report from the Association of Professional Staffing Companies (APSCo) has revealed that although contract and temporary vacancies only increased by 1% year-on-year, the permanent sector saw 0% growth.

Those working within the financial services sector will be pleased to learn that demand within finance and accounting was particularly strong, with contract vacancies increasing by 27%. 

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Construction sector expected to see high demand

Posted on 11th July 2016

Umbrella company contractors working within the construction sector will be interested to learn that opportunities are on the rise.

According to an analysis carried out by Procorre, the global construction market is expected to grow by 85% to $17.5 trillion by the year 2030.

The report has also identified five construction ‘hotspots’ that are said to drive demand for specialist contractors over the next six months. These include: India, the UK, Mexico, Qatar and Egypt.

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Brexit could result in further opportunities for contractors, says expert

Posted on 8th July 2016

Umbrella company contractors might be interested to hear that despite uncertainly surrounding the recent Brexit, some believe that the decision to leave the EU could in fact result in a boost in demand for the self-employed.

Accountancy services provider Danbro, believes that contractors and temporary workers will see a rise in demand as they support British forms to ‘adapt to a new landscape’.

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Demand for creative industries remains high

Posted on 6th July 2016

Umbrella company contractors might be interested to learn that demand for creative jobs in London remains exceptionally high.

According to the Association of Professional Staffing Companies' (APSCo) Professional Recruitment Trends, over a third (33.5%) of jobs within the creative sector are found in the capital.

The South East ranks second with 16.1% of creative roles followed by the West Midlands in third with an 8.1% share of total job postings.

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Bricklayers' pay on the rise due to talent shortages

Posted on 4th July 2016

Umbrella company contractors working within the construction industry might be interested to learn that bricklayers' pay has seen a significant rise.

The latest research, carried out by One Way, revealed that the reason behind this surge in pay is due to the lack of available professionals within the sector.

These recent findings are backed up by a Recruitment and Employment Confederation (REC) report, which revealed that bricklayers are taking home up to £1,000 a week as building firms compete for workers to keep UK infrastructure and housebuilding projects on track.

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Vacancies continue to grow despite economic uncertainty

Posted on 28th June 2016

Umbrella company contractors will be pleased to learn that the first quarter of 2016 has seen a 15.1% growth in job vacancies, despite concerns surrounding the EU referendum, a ‘wavering steel industry and a weakened sterling’.

The latest findings, carried out by job site CV-Library comparing data from Q1 2016 to Q1 2015, revealed that job growth can be seen in a number of key sectors and all across the UK, which suggest that growth is not limited to one region or industry.

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Rise in self-employed shows value of flexible workers, say experts

Posted on 24th June 2016

Umbrella company contractors will be pleased to learn that recent data has revealed that the number of self-employed workers within the UK has risen by 209,000 to 4.70 million in the three months to April 2016.

According to the Association of Independent Professionals and the Self Employed (IPSE), who responded to the recent news, this shows that firms are continuing to appreciate the value of the country's flexible workforce.

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Rise in self-employed shows value of flexible workers, say experts

Posted on 23rd June 2016

Umbrella company contractors will be pleased to learn that recent data has revealed that the number of self-employed workers within the UK has risen by 209,000 to 4.70 million in the three months to April 2016.

According to the Association of Independent Professionals and the Self Employed (IPSE), who responded to the recent news, this shows that firms are continuing to appreciate the value of the country's flexible workforce.

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Women in engineering are helping to close gender gap

Posted on 22nd June 2016

Umbrella company contractors may be interested to hear that recent findings have revealed that an increase in women working within the engineering industry is helping to close the gender gap.

Latest research carried out by Jobsite has revealed that it is the younger generation of women who are making the biggest impact. For example, the percentage of female engineers between 20-24 is 16%, whereas those aged between 40-44 make up just six per cent.

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Contractors are driving Europe's employment revolution, say experts

Posted on 20th June 2016

Umbrella company contractors will be interested to learn that the number of independent professionals, such as contractors and freelancers, in the EU has increased by 24% to 9.6 million in the last seven years.

According to the Association of Independent Professionals and the Self Employed (IPSE) as the tension builds across the Europe, research shows that there are more people than ever becoming self-employed in almost every EU Member state.

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Contractor demand remains strong

Posted on 17th June 2016

A recent survey has revealed that although contractor billings growth eased slightly following April's 13th month high, stronger increases were recorded for self-employed employees.

Findings from the Markit/Recruitment and Employment Confederation (REC) Report on Jobs revealed that having increased at the strongest rate in almost nine years during April (partly driven by the new National Living Wage), contract and temporary staff pay posted a slower but still marked rise in May.

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Small business confidence could benefit contractors

Posted on 15th June 2016

Contractors could very well benefit from increased optimism among the UK's small and medium sized businesses.

Latest findings from CBI's Quarterly SME trends survey revealed that of the 441 firms questioned, many reported that total new orders and new domestic orders edged up slightly in the three months to April, while export orders fell again.

However, optimism about demand for exports over the year ahead also rose for the second quarter, with SMEs expressing greater confidence than larger firms.

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