The future’s bright, according to the PCG!
(2 minutes to read)
If ever there was a news story to make you feel better about being an umbrella contractor, this is it. The PCG has just carried out a survey of more than 2,000 contractors working across a variety of industry sectors – and the message is the clear. The work is there and it’s only going to get better. A whopping three quarters of contractors have been working for eleven months on average out of the last year – and in what the PGC calls ‘a remarkable show of confidence’ – 84% of the contractors who were involved in the survey said they believe that ‘business opportunities will stay the same or increase in the months to come’. You can’t ask for much more than that.
We also noticed that there has been a shift between public sector and private sector contracting, so the impact of public sector cuts has obviously been felt by some. Since the figures which came out a year ago, 13% of those who responded had actually made a specific move from the public sector to the private sector. What this shows of course is how flexible and adaptable umbrella contractors can be – simply offering their skills to the private sector instead when things got tough in the public sector came. Another positive thing to note is that 33% of those questioned also said that their rates had increased over the last 12 months! John Brazier, who is Managing Director of the PCG, commented that contractors are ‘key drivers of economic growth’ – but then we knew that already . . ..