Umbrella contractors may be interested to learn that the Reed Job Index ended 2011 with 17% more job vacancies than the year before. However, the Job Index ended the year on 121 after falling significantly in December. In November the Index registered 133, a slight increase on the previous month’s 129.
Umbrella company contractors with international skills could find themselves in demand after Vince Cable said people with such skills were in short supply.
According to latest data from the REC, the recruitment industry in the UK grew by 25% in the last 12 months and a lot of this growth can be attributed to the increase in demand for PAYE umbrella company contractors.
Research by the Association of Recruitment Consultancies suggests that the contractor workforce in the UK may be about to suffer because of the implementation of AWR.
Employers are increasingly turning to the flexible workforce, including freelancers, to help them survive during the current turbulent economic climate.
The Agency Workers Regulations should not prevent organisations using umbrella company contractors to build a flexible workforce, according to the REC.