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Umbrella company contractors in the finance sector will be pleased to hear that a recent report has found that more UK businesses are looking to contractors to fill their finance departments.

The latest research from recruitment specialist Robert Half UK, surveyed 200 Chief Financial Officers (CFOs) and finance directors across the UK.

According to the findings, more than three in 10 (31%) CFOs have either significantly, or somewhat increased their use of contractors compared to three years ago.

The report found that more UK businesses are starting to rely on contractors, particularly small companies, as the research shows that nearly one third (30%) of departments are made up of temporary staff.

Phil Sheridan, Managing Director, Robert Half UK said of the findings, “Despite regulatory changes, finance leaders continue to rely on the cost effectiveness that temporary professionals offer an organisation, allowing companies to account for workload peaks and troughs without incurring the fixed cost of a permanent hire.

“With the challenging business environment amidst continued economic uncertainty, some hiring managers are taking advantage of the knowledge and skills that interim professionals can bring to a company’s bottom line.

“By continuing to capitalise on the readily available and highly trained temporary and interim market, businesses can adjust more easily and quickly to workload variations, and bring in specialists with the required experiences to run particular programmes.”

Simon Dolan is the Sales & Marketing Manager for Contractor Umbrella Ltd, one of the UK’s Most Respected Umbrella Companies and founder member of AllUmbrellaCompaniesAreEqual.
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