Over half of UK businesses plan to hire more contractors than ‘permies’ by 2020

(2 minutes to read)


Umbrella company contractors might be interested to learn that a recent survey has shown that businesses are more likely to rely on the self-employed within the next few years.

The PeoplePerHour survey of 1,000 SMEs and larger sized businesses revealed that as many as 57% said that they plan to hire more contractors than permanent workers by 2020.

Some of the reasons cited for this decision were that contractors offer more:

•    Flexibility (59% agreed with this)
•    Better value than full-time employees (30%)
•    Increased efficiency (19%)

Xenios Thrasyvoulou, founder and CEO of PeoplePerHour, commented, "Thirty per cent of the British workforce is now freelancing in some capacity. This isn’t just because workers have switched on to the benefits of being their own boss, or because post-recession Britain offers fewer permanent employment opportunities; it’s because the use of a blended talent pool is mutually beneficial.
"While, of course, some positions benefit from the continuity that a permanent workforce brings, niche freelance experts can bring a freshness and vitality to a company, not just delivering the new perspective that 22 per cent of our respondents valued, but the latest skills and specialist knowledge. Business also benefits from the flexibility delivered by a blended talent pool, and more and more companies are realising this."

Simon Dolan is the Managing Director for Contractor Umbrella Ltd, one of the UK’s Most Respected Umbrella Companies and founder member of AllUmbrellaCompaniesAreEqual. Learn more about Lucy on Google.


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