Umbrella Companies | Mixed outlook for umbrella company contractors

Mixed outlook for umbrella company contractors

Only 25% of temporary workers in London saw a decrease in the number of freelancers and umbrella company contractors in the companies they worked with last year.

Results from a survey by Poolia also showed that 33% of respondents saw their earning capacity increase in 2010 through a combination of increased working hours or commanding higher hourly rates. Another 40% said there had been no change in their rates.

Interestingly, the survey also found that 60% of the respondents intend to study towards a professional qualification this year.

Gavin Warner, the operations director at Poolia, said clients seem likely to maintain their level of temporary workers this year, especially in banking, financial services and retail. Anyone with the requisite skills and experience who is prepared to be flexible in their work structure should be well placed to secure some great short-term opportunities.

The story is a bit different for interim managers who saw a decrease in demand of 8% in the second half of last year. Despite this, average daily pay rates increased from £592 to £613 for a full-time interim manager during the period. Part-time interim managers also saw their pay increase from £568 to £601.

XpertHR predicts that private sector organisations will prioritise recruitment this year. This does not just mean hiring more staff but improving their recruitment procedures as well.

Employment relations editor, Noelle Murphy, said public sector HR departments will be prioritising redundancies, cost cutting and change management whilst in the private sector; the focus will be on organisational and leadership development.

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