Things look to be improving for IT contractors
IT contractors might be interested to read that Gartner predicts enterprise IT spending looks as if it will grow next year.
IT contractors might be interested to read that Gartner predicts enterprise IT spending looks as if it will grow next year.
Although the amount of new jobs is still rising, the increase in October was the weakest for 14 months.
Lloyds Banking Group recently announced it was to cut jobs, a move that will affect 1,150 umbrella company and limited company IT contractors in the UK.
Despite the decline in demand last month, the ICT sector is still looking healthy, according to the REC’s latest Report on Jobs.
The government’s temporary immigration cap is harming the social work profession according to recent reports in the media. In July, the government imposed a limit of 24,100 skilled workers from non EU countries entering the UK and a permanent immigration cap will be in place next year.
New data revealed recently illustrated that while IT contract worker demand has risen lately, pay rates for IT contractors has not kept up.
The chief economist at the Bank of Scotland has predicted that the Scottish economic recovery is going to slow down in Q3.
Demand for contractors dropped in July according to the latest Report on jobs from the REC. This fall is mainly attributed to public sector cuts.
IT contractors could find themselves in demand by some of the largest companies in the UK.
The REC has written to the chairman of the Office of Tax Simplification highlighting the importance of a comprehensive review of the IR35 regulations.
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.
The government’s public sector spending cuts will affect everybody including IT contractors and suppliers.
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.