2013 jobs market looks positive for umbrella contractors

(2 minutes to read)

Umbrella company contractors will be pleased to hear that the latest ManpowerGroup research found the number of employers, looking to take on new workers in Q1 of this year, has doubled compared to the beginning of 2012.

The recent Employment Outlook report, which surveyed 2,100 businesses across the UK, found that the number of new staff expected to be employed in the first quarter of 2013, is double that of the first three months of 2012.

The ManpowerGroup survey questioned employers on whether they aim to hire additional workers or reduce the size of their workforce in the coming economic quarter.  According to the report, Employment Outlook scored +6% for the first quarter of 2013; 2012 reported +3% in Q1.

Mark Cahill, ManpowerGroup UK MD, said, “Companies that are doing well are looking to take on staff. A good example of this is in London’s Tech City hub. In 2008 there were a handful of companies operating there. Now well over 3000 firms have sprung up employing 50,000 people, and still looking to recruit large numbers of staff.”

“ManpowerGroup’s data shows that the good news this time round is being driven by a relatively small number of businesses looking to expand. We should not get carried away – today’s jobs market lacks the dynamism we saw before 2008, with the vast majority of UK firms continuing to sit on their hands.”

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