REC Report on Jobs reveals good news for umbrella contractors

(2 minutes to read)

Umbrella service contractors will be interested to learn that the latest Recruitment and Employment Confederation (REC) report, revealed that the beginning of 2013 has seen temp billings continue to rise.

The recent Report on Jobs, carried out by the REC, found that temporary positions have risen for the sixth consecutive month in a row.

According to the findings, January saw UK job vacancies increasing at their sharpest rate since April 2011 and all four English regions posted growth of temp billings during last month, with the strongest expansion being signalled in the North.

The most sought-after sector among umbrella company contractors and freelancers was within the nursing/medical/care area, engineering/ construction and accounting/financial workers also saw significant improvements in demand for their services.

REC director of policy and professional services Tom Hadley said, “The war for talent has begun.  

“Skills shortages in whole sectors like engineering and IT and for particular roles like chefs, drivers and sales is spurring competition for qualified staff.  Employers are realising that to secure the talent they need they have to offer more attractive salaries.”

Bernard Brown, Partner and Head of Business Services at KPMG, added, “Amid the doom and gloom caused by predictions of slow growth, the hiring figures for January should give employers and employees plenty of reasons to be cheerful.”

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