New data revealed recently illustrated that while IT contract worker demand has risen lately, pay rates for IT contractors has not kept up.
In a new report released by E-Skills UK, over the first quarter of 2010 IT contractor demand rose by 10 per cent, eclipsing the growth of the permanent IT worker demand rate easily, which was only 4 per cent in comparison.
The new data, which concentrated on figures relating to companies in London and the South East, also showed that while the demand for contractors and freelancers rose by 10 per cent, the pay increase for these workers only rose by 3 per cent overall.
E-Skills also commented that the average contract worker who actually experienced an increase in income is in truth only yielded a 1.3 per cent rise in real-world terms, stating that while there are substantial wage increases showing up on a large number of job boards, any overall increase in actual pay has not yet materialised.
In E-Skills’ estimation, most of the increase in demand for information technology contractors originated from the electronics and financial services sectors, both of which have seen productivity increases following the global recession.
In related news, results of a new poll conducted by Jenrick IT have revealed that nearly a full third of contract workers, including limited company contractors and umbrella company employees, are not keeping current with their skill sets and any accreditations. This is limiting their opportunities to not only find work but also holding them back from securing the maximum pay rates they could be earning.
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