IT contractor rates continue to grow

(2 minutes to read)

Umbrella company contractors working within the technology sector will be interested to learn that IT contractor day rates have seen a 9.11% rise over the last year.

The latest Tech Cities Job Watch Survey, carried out by Experis revealed that an average IT contractor day rate is now £431, which is almost double the year-on-year growth in permanent salaries.

Geoff Smith, Managing Director at Experis, commented, “Gig working and digital platforms make it very easy for tech professionals to go freelance and for employers to tap into global talent. With their skills highly sought after, IT experts can demand a premium as well as have their pick of projects. This trend is only set to rise. 69% of IT managers will become increasingly reliant on temp staff to plug the growing skills gap and they believe 28% of their workforce needs to be employed on a contingent basis to achieve tech transformation. As we navigate through times of uncertainty following Brexit, a flexible workforce that can be quickly scaled up or down will be more attractive too.”

According to the report, the biggest day rate growth was found for those with skills in the Cloud (11.34%0, followed by IT Security (4.98%) and Mobile (3.49%).

Smith added, “We’re seeing demand and remuneration for IT security professionals continue to climb, as the threat of cyber-attack intensifies. But with tech developing so fast and cyber criminals becoming more sophisticated, it’s proving extremely difficult to find skilled talent both long and short-term to mitigate the risk.

“We urge IT professionals, whether contract or permanent, to up-skill in this area by completing certified courses and training. The education system should also focus on cyber security within IT programmes, so students have greater knowledge and understanding when they enter the world of work.”


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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