Job security a concern for many UK contractors

(2 minutes to read)

Bullhorn: ‘While the gig economy appears to be growing rapidly, unresolved issues around job security and pay could threaten to derail it’.

As many as two-thirds of contractors have either moved, or plan to move to permanent/part-time/full-time work due to worries about job security.

The Bullhorn survey shows that both contractors and temporary workers are also concerned about rates of pay.

Andy Ingham, Senior Vice President, EMEA and APAC, Bullhorn, commented, “While the gig economy appears to be growing rapidly, unresolved issues around job security and pay could threaten to derail it. Ongoing regulatory concerns like IR35 and the continued impact of the pandemic could further exacerbate the issue. Why risk job security and worse pay for flexibility that can be increasingly found in the ‘new normal’ of permanent work?”

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Ingham added, “Targeting disgruntled freelancers or temps could prove to be an effective recruitment strategy for employers struggling with skills shortages and the so-called ‘Great Resignation’,” Ingham said. “Whether we’re talking about gig or permanent work, it seems the winning combination is job security, a decent wage and, of course, a strong degree of flexibility. The employers that are willing and able to offer this will stand to gain the most in the current labour market.”

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