A new survey has revealed that more IT professionals are now looking for contract roles as a direct result of permanent hiring slowing down.
The research, compiled by the Association of Professional Staffing Companies (APSCo) using data provided by Broadbean Technology, shows the number of professionals applying for permanent positions in September 2023 was down 30% year-on-year, despite the tech layoffs reported at the beginning of the year.
Applications for contract positions, however, remained stable – this suggests that IT workers are turning to temporary employment opportunities in the current climate.
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Email JaimeAnn Swain, Global CEO of APSCo, commented, “The last nine months have been turbulent for the IT sector with tech layoffs influencing the market. However, as a skill-short remit, an influx of active candidates isn’t necessarily bad news.
“What is noteworthy, though, is the broad stabilisation in applications for contract positions, which suggests that many professionals are choosing to move into this more lucrative avenue as demand for permanent positions declines.
“For businesses and recruiters, this will have a longer-term impact on future recruitment in the profession. As more experts capitalise on the opportunity to command higher pay through contract work, securing top IT talent will become increasingly expensive.”
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