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Contractor Industry News

Rise in self-employed figures is good news for UK economy

Posted on 14th June 2016

Umbrella company contractors will be interested to learn that the number of self-employed people has risen considerably in the last year.

Recent government figures have shown that the number of contractors and freelancers grew by 182,000 in the three months leading up to March 2016, compared to the same period last year.

The Association of Independent Professionals and the Self Employed (IPSE) have said that it is pleased to see the self-employed are driving the UK’s employment levels.

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Demand for contractor construction workers on the rise

Posted on 10th June 2016

Umbrella company contractors working within the construction industry will be interested to learn that demand for the sector has increased considerably over the last 12 months.

Findings from the Recruitment and Employment Confederation (REC) has revealed that more than six in ten recruitment agencies (63%) say that demand for temporary construction workers has increased over the last year.

Recruiters supplying London-based clients reported rising wages as a result, with bricklayers earning between £15-25 an hour in the capital.

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Number of hours worked by agency workers grows over Europe

Posted on 8th June 2016

Umbrella company contractors may be interested to learn that the average number of hours worked by agency workers across Europe has increased by 2.5% year-on-year compared with the same period last year.

According to Eurociett's Agency Work Business Indicator for April 2016, agency work sale revenues for the latest period show robust growth across all markets with the exception of Norway where a cooling economy is resulting in a decline.

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Industry leaders call for apprenticeship levy to be fair for contractors

Posted on 6th June 2016

Umbrella company contractors might be interested to learn that industry leaders are calling on George Osborne to make apprenticeship levy fair.

Fourteen recruitment industry leaders have joined the Recruitment & Employment Confederation (REC) to call for the Chancellor to amend the apprenticeship levy to ensure it doesn’t unfairly discriminate against temporary workers and contractors.

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Increased demand for contractor construction workers

Posted on 3rd June 2016

Umbrella company contractors working within the construction industry will be pleased to learn that demand is on the rise for those trading in the sector.

According to latest findings from the Recruitment and Employment Confederation (REC), more than six in ten recruitment agencies (63%) say that demand for temporary construction workers has increased over the last year.

Seven in ten (69%) say that the shortage of bricklayers, labourers and other tradesmen is now the first or second most significant risk to their business.

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More contractors have a degree compared to previous years, finds new study

Posted on 1st June 2016

A recent survey has revealed that a significant number of contractors are not only more skilled compared to previous years, but are also better educated and have many more years of experience.

According to the research, carried out by PageGroup, as many as 75% of contractors are now better educated, boasting at least a bachelor's degree.

In its latest Global Temporary and Interim Management study, PageGroup surveyed 1,954 managers of companies that hire temporary employees and 4,092 professionals in temporary positions across 65 countries.

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IT contractors feel unsupported by UK government

Posted on 31st May 2016

According to a recent report, many UK IT and project management contractors feel that the government isn't on their side.

A survey, carried out by Pulse Umbrella Group, revealed that of the 150+ IT and project management contractors questioned, just 17% think that the government is supportive and on the side of those who are self-employed.

And it’s not hard to see why when looking at latest government changes, including the new rules regarding travel and subsistence costs.

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Contractor hiring hits all-time high in UK fintech sector

Posted on 27th May 2016

Umbrella company contractors will be interested to hear that demand for contract hiring has increased significantly among UK fintech companies.

According to recruitment finance provider Sonovate, job advertisements for contract roles increased by 64% quarter-on-quarter (QoQ) with roles being advertised at an average day rate of £430.

IT contractors will also be pleased to learn that the highest volume of postings were for IT positions, which saw a 35% QoQ rise and were advertised with an average day rate of £460.

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IT contractors in demand due to rise of Internet of Things

Posted on 25th May 2016

Organisations are being warned that there may be a shortfall of IT contractors across Europe due to the rise of the Internet of Things (IoT).

Professional Services consultancy Procorre, has warned that as the number of businesses outside the technology sector look to adopt IoT strategies, demand for skilled IT contractors has increased significantly.

Procurre has predicted that the surge in demand could end up outstripping supply across Europe in the next few months.

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Contractors remain confident despite predicting economy downturn

Posted on 23rd May 2016

Latest findings have revealed that despite a lack of confidence in the UK economy, many contractors are still positive with regards to their business outlook.

The national survey, carried out by the Association of Independent Professionals and the Self Employed (IPSE) revealed that over half (52%) of freelancers have a less confident outlook for the UK economy over the next 12 months when compared to last year.

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HMRC to rewrite contractor tax change legislation

Posted on 18th May 2016

Umbrella company contractors will be aware of the recent changes to the new travel and subsistence legislation put into place last month. Now, HMRC has admitted that this legislation will need rewriting after admitting getting the wording wrong.

From 6th April, travel and subsistence relief was restricted to many umbrella company contractors who’s working practices do not adhere to the ‘Supervision, Direction or Control’ rules.

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EU uncertainty increases use of contractors

Posted on 16th May 2016

Umbrella company contractors might be interested to learn that latest findings have revealed that uncertainty around the EU has resulted in high demand for contractors within PR and comms across the UK.

According to findings carried out by VMA group, there has been a significant rise in vacancies for short term contracts during the quarter of 2016, as businesses postpone taking on permanent staff until Britain’s position in Europe has been decided.

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Employers turn to contractors to provide a flexible resource

Posted on 13th May 2016

Good news for umbrella company contractors and freelancers, as latest findings reveal that those within the self-employed sector are in high demand across the UK.

The recent Markit/Recruitment and Employment Confederation's Report on Jobs revealed that contractor billings increased at the strongest rate in just over a year and vacancy levels rose at a slightly faster pace compared to March, whereas the rate of growth for permanent positions eased to a seven month low.

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Contractors contribute £109 billion to the UK economy

Posted on 11th May 2016

A recent report has revealed that contractors’ contribution to the UK economy soared to an incredible £109 billion last year.

According to findings from the Association of Independent Professionals and the Self-Employed (IPSE), this figure is just an estimate and so contractors might generate even more revenue overall.

The report found that in total there were 1.91 million people who were working as self-employed in 2015, which is a rise of 36% since 2008.

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Construction workers remain in demand

Posted on 9th May 2016

Umbrella company contractors trading in the construction sector will be pleased to hear that demand for specialists within the industry will remain strong.

Research carried out by rail and construction specialist, One Way, found that despite a drop in output, which is more than likely caused by uncertainty over the EU referendum and public spending cuts; demand for construction professionals should continue to remain stable over the coming months.

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HMRC to rewrite contractor tax change legislation

Posted on 6th May 2016

Umbrella company contractors will be aware of the recent changes to the new travel and subsistence legislation put into place last month. Now, HMRC has admitted that this legislation will need rewriting after admitting getting the wording wrong.

From 6th April, travel and subsistence relief was restricted to many umbrella company contractors who’s working practices do not adhere to the ‘Supervision, Direction or Control’ rules.

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Contractors contribute £109 billion to the UK economy

Posted on 5th May 2016

A recent report has revealed that contractors’ contribution to the UK economy soared to an incredible £109 billion last year.

According to findings from the Association of Independent Professionals and the Self-Employed (IPSE), this figure is just an estimate and so contractors might generate even more revenue overall.

The report found that in total there were 1.91 million people who were working as self-employed in 2015, which is a rise of 36% since 2008.

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Contractor numbers continue to rise across the UK

Posted on 3rd May 2016

Umbrella company contractors will be interested to learn that the number of self-employed has risen by an incredible 120,000 in the three months leading up to February 2016, compared to the same period last year.

These recent findings show that there are now 4.64 million self-employed people in the UK.

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UK chemical and pharmaceutical industry could create thousands of job opportunities

Posted on 29th April 2016

Umbrella company contractors might be interested to hear that a jobs boom has been predicted for the UK chemical and pharmaceutical industry.

According to recruitment experts, this sector could create thousands of new job opportunities over the next few years.

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Interim managers in high demand

Posted on 28th April 2016

The demand for interim managers is set to rise over the next 12 months, as the majority of CFOs and FDs plan to hire experienced contractors for their specialist skills.

The findings, carried out by Robert Half Management Resources, revealed that the majority of CFOs and FDs are looking for those who are highly skilled in project management and business transformation.

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Construction workers remain in demand

Posted on 26th April 2016

Umbrella company contractors trading in the construction sector will be pleased to hear that demand for specialists within the industry will remain strong.

Research carried out by rail and construction specialist, One Way, found that despite a drop in output, which is more than likely caused by uncertainty over the EU referendum and public spending cuts; demand for construction professionals should continue to remain stable over the coming months.

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Web developer contractors in high demand

Posted on 22nd April 2016

Umbrella company contractors with skills in web development will be pleased to learn that UK demand has risen considerably over the last few months.

According to recent research carried out by Sonovate, the demand for web developer contractors increased by 22% between Q4 2015 and Q1 2016.

The data revealed that postings for web developers in Q1 2016 were up 5% on Q4 2015, PHP developers 25%, front end web developers 27%, web application developers 127%, senior web developers 84% and website developers 206%. 

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UK car manufacturing sector grows significantly

Posted on 20th April 2016

Umbrella company contractors working within the car manufacturing sector will be pleased to hear that production has seen significant growth, which could in turn result in new opportunities for contractors working within the sector.

Figures released by the Society of Motor Manufacturers and Traders (SMMT) have revealed that British car manufacturing achieved another month of strong growth in February with output up 13.1%.

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Demand rises for IT professionals within financial services sector

Posted on 18th April 2016

IT contractors with cyber security skills will be pleased to learn that they could experience high demand from the financial services sector.

Research, carried out by Giant Group, found that IT professionals expect the financial services sector to be one of the biggest providers of job opportunities over the next 12 months.

Contractors will also be interested to hear that the report found the average number of days between assignments is shrinking, with 77% of professionals expecting remuneration to rise over the next year. 

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Contractor billings rise at fastest pace in four months

Posted on 15th April 2016

Umbrella company contractors will be pleased to hear that recent findings have revealed positive news for the contracting community.

The Recruitment and Employment Confederation (REC) / Markit’s latest Report on Jobs has found that contractor billings have risen at the sharpest pace in four months.

It has also been reported that hourly rates of pay have increased at the sharpest pace in three months.

Looking at a regional analysis, growth of contract / temp billings was broad-based across the English regions, with the Midlands posting the biggest increase. 

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Labour market sees significant jobs growth across the UK

Posted on 13th April 2016

Umbrella company contractors might be interested to learn that the UK labour market has experienced a 15% rise in job vacancies during Q1 2016.

The report, which has been carried out by CV-Library, compared its job site data from Q1 2016 to data from Q1 2015 and revealed that growth was reported in a number of key sectors, up and down the country.

The sectors and cities to experience the strongest job growth in Q1 2016 include:

 

Sector

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IT contractors could benefit from confidence within Scottish digital technologies industry

Posted on 11th April 2016

IT contractors may be interested to learn that Scotland’s digital technologies industry experienced strong growth in 2015 and confidence remains high for the year ahead, which could result in increased job opportunities.

The Scottish Technology Industry Survey 2016, carried out by ScotlandIS, revealed that 68% of businesses achieved sales growth in 2015, with over a quarter reporting an increase in turnover of 20% or more. 

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Contract vacancies remain resilient

Posted on 8th April 2016

Umbrella company contractors will be pleased to hear that contract vacancies remain resilient, despite the fact that the UK’s economic growth forecast has been cut by the BCC amid EU uncertainty.

Recent findings from the Association of Professional Staffing Companies (APSCo) have revealed that opportunities within the professional staffing market are up 7% across the board year-on-year.

Vacancies within the financial services are especially strong, rising by 85%.

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More UK students turn to contracting

Posted on 8th April 2016

Latest findings have revealed that more and more students are turning to the world of contracting alongside their universality studies.

According to research carried out by PeoplePerHour, which surveyed 1,549 new business founders, in the last year the UK has seen a 42% rise in the number of UK students earning money through contracting.

The data found that the majority of student entrepreneurs were contracting due to a lack of job security (61%) and to help with their student debts (49%).

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Many contractors turn their hobbies into a successful career

Posted on 6th April 2016

Recent findings have revealed that many contractors are turning their passion for a hobby into successful money-making careers.

A recent report carried out by Weebly has found that as many as two-fifths of UK contractors have said that they’ve turned to self-employment due to using their hobby.

According to the report, almost 90% of those working as self-employed said that Britain was the perfect place to start up a new venture and 80% said that they were optimistic about their future prospects.

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