Last month saw a surge in the number of IT contractors hired according to Powerchex, the pre-employment specialist. Between May and June, the amount of employment offers made to IT contractors soared by a massive 320%.
APSCo has said that the government’s cap on non-EU workers is not likely to have any significant effect on the amount of IT workers coming to the UK from foreign countries.
1% fewer companies became insolvent in the 2nd quarter compared to the 1st quarter of 2010 according to the latest analysis from PricewaterhouseCoopers. 3,467 businesses became insolvent during the period, a drop of 28% from the same quarter last year.
There are more opportunities available for IT contractors according to the latest Monster employment Index report. 11% additional vacancies were advertised online in May compared to the previous month.
The KPMG and REC’s latest Report on jobs shows that recruitment demand for IT contractors has dropped for the 3rd consecutive month, whilst demand in all other sectors is rising.
A decrease in IT budgets could mean that contractors are expected to work harder this year. ReThink Recuitment conducted a study that shows that two thirds of decision makers in IT think workloads will increase over the remaining months of 2010.
According to a recent manifesto published by the IT trade association Intellect, a fundamental overhaul of the UK tax incentive system could create as many as 250,000 jobs for IT contractors.
According to some reports, there are as many as 100,000 umbrella company workers who are predominately based in an office environment, and these are the very people who are set to benefit from a new group established by the REC.
The market for outsourced IT services is set grow significantly over the coming years, and this should mean good news for small businesses, limited company contractors and umbrella company workers in the UK.