Latest findings from the Association of Professional Staffing Companies (APSCo) have revealed great news for the contracting sector, with contractor placements increasing by 2% year-on-year as permanent positions show a 1% decline.
The research found that it is the financial services sector in particular that is creating a significant number of job opportunities for contractors.
Engineering is another area where contractor demand is growing, which according to the APSCo is likely to be due to the number of large-scale infrastructure projects taking place across the UK.
Ann Swain, Chief Executive of APSCo, commented on the latest findings, “This data suggests that as the as next month’s deadline approaches for the UK to start its formal withdrawal from the EU, organisations are slightly more hesitant to commit to bringing on board permanent staff.
“The fact that financial services firms are scrambling for contractors – while cutting back on permanent hiring – is unsurprising given the uncertain future of the City post-Brexit. While few companies in this area have publicly commented on their future workforce plans, of the 222 firms studied by EY for its financial services Brexit tracker, 15% said they expect to move some staff and 10% are actively committed to the UK.
“The presumption is the remaining companies are turning to contingent workforces until they have the information they need to make logical and reasoned decisions on where their futures lie geographically.”
Daniele Cantello is an Contract Manager for Contractor Umbrella Ltd, one of the UK’s Most Respected Umbrella Companies. Learn more about Daniele on Google.
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