Steep rise in contractor vacancies and rates of pay

(2 minutes to read)

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Contractors will be pleased to learn that latest findings have revealed positive news for the self-employed sector.

The IHS Markit/REC Report on Jobs for August shows that temp billings increased at a sharp rate, however, it was the softest recorded since October 2016.

A steep rise in demand was also recorded, as well as rates of pay – despite the rate of inflation softening from the previous month.

Demand for temporary/contract staff rose across nine of the ten broad job categories during last month, led by Blue Collar and Hotel & Catering. Retail was the only sector to register lower temp staff demand.

Neil Carberry, Chief Executive at the REC, said, “Businesses are getting on with it driving Britain’s growth – jobs are being created and starting salaries are rising. There are big opportunities out there for candidates right now looking for a new role.

“But how long our labour market can defy gravity if the shape of our future trading arrangements with the EU remain unclear is the big question. Companies are starting to implement contingency plans now – and those who aren’t will need to step up progress.

“The biggest long-term question on jobs is how they will be affected by new technology and stiff price competition driven by value-conscious consumers. For recruiters, helping people find pathways from sectors like retail into growing sectors will both boost opportunity and address candidate shortages in key sectors.”

Wondering what your take home pay could be working through Contractor Umbrella, please call us on 01206 591 000 or email info@contractorumbrella.com.

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