Contractor Industry News

Gig economy – is the UK ready?

Posted on 26th April 2017

Umbrella company contractors might be interested to learn that recent data has revealed that European employees appear ready to embrace the gig economy.

The findings, carried out by ADP – a leading global provider of Human Capital Management (HCM) solutions show that as many as 63% of UK employees and 68% of European employees are interested in, or would consider self-employment or freelancing.

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Contractor billings picked up during March

Posted on 25th April 2017

Umbrella company contractors will be interested to learn that a recent survey has revealed positive news for the contracting community.

The latest Report on Jobs, compiled by the Recruitment and Employment Confederation (REC) and Markit, found that growth in contractor billings picked up from February's four-month low and was sharper than seen on average during last year.

Data also showed that demand for self-employed workers remained robust.

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Tech firm’s growth plans could benefit IT professionals

Posted on 4th April 2017

IT contractors might be interested to learn that a recent survey has revealed that many tech firms are predicting further growth in 2017.

According to the latest findings from Smith & Williamson, as many as 74% of tech entrepreneurs and business leaders are looking to develop their firms, which could in turn result in more job opportunities for those with the right skills.

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Report suggesting self-employed have unfair tax advantage is 'ludicrous' says IPSE

Posted on 24th March 2017

A recent report carried out by the IFS (Institute for Fiscal Studies) has suggested that the UK's self-employed workforce have an unfair advantage compared to permanent staff with regards to tax benefits.

The largest association of independent professionals in the EU, the IPSE (the Association of Independent Professionals and the Self-Employed) has responded to this latest report.

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Job creation on the up as manufacturing sector sees solid growth

Posted on 22nd March 2017

Umbrella company contractors working within the manufacturing sector will be pleased to learn that the industry has experienced significant growth over the last month.

The latest Markit/CIPS UK Manufacturing Purchasing Managers Index (PMI) revealed that the UK manufacturing sector experienced further solid growth of production and new orders during February and although rates of expansion slowed, they remained well above the respective long-run averages.

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International Women’s Day celebrates growing female contractor figures

Posted on 21st March 2017

Following on from International Women’s Day celebrated last week, a recent report has revealed the growing number of female contractors in the UK today.

Findings from the Association of Independent Professionals and the Self-Employed (IPSE) show that between 2008 and 2016 the number of female contractors increased by 55% compared to a 36% growth in males.

In the same time period the number of mothers working as self-employed increased by 79% to a total of 302,000 – 15% of the total contractor population.

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Contractor pay growth picked up from January

Posted on 20th March 2017

A recent report has revealed a mixed bag for the UK’s contracting sector with temp billings slightly softening but rates of pay increasing.

The latest Report on Jobs, carried out by Markit and the Recruitment and Employment Confederation (REC), found that job opportunities continued to increase in February, however the availability of professionals to fill vacancies declined at the steepest rate of reduction.

Umbrella company contractors will be pleased to learn that pay growth picked up slightly from January and was the second-fastest seen in nine months.

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Finance contractors see significant growth in demand

Posted on 15th March 2017

Latest findings from the Association of Professional Staffing Companies (APSCo) have revealed great news for the contracting sector, with contractor placements increasing by 2% year-on-year as permanent positions show a 1% decline. 

The research found that it is the financial services sector in particular that is creating a significant number of job opportunities for contractors.

Engineering is another area where contractor demand is growing, which according to the APSCo is likely to be due to the number of large-scale infrastructure projects taking place across the UK.

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Business confidence within construction sector results in more hiring

Posted on 10th March 2017

Contractors working in the construction sector will be pleased to hear that a recent survey revealed growth in hiring within the industry.

February data indicated that construction companies remain upbeat about their growth prospects for the next 12 months, with almost half (48%) forecasting a rise in business activity and only 13% expecting a decline. According to the report, the degree of positive attitude was stronger than seen on average in the second half of 2016, but weaker than January’s 13-month peak.

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Number of contractors working in London soars

Posted on 8th March 2017

Umbrella company contractors might be interested to hear that latest research has revealed the capital to be the most popular place for contractors to work in the country.

Recent data compiled by the Association of Independent Professionals and the Self-Employed (IPSE), shows that the number of contractors working in London has increased by 59% over the last nine years – this has made the capital the fastest growing region for self-employed numbers.

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More nurses and teachers choosing contracting lifestyle

Posted on 6th March 2017

A recent survey has revealed that there are more and more nurses and teachers choosing the contracting path, with ‘disillusionment with permanent employment in the public sector’ being a big factor.

New research by the National Institute of Economic and Social Research (NIESR) in partnership with the Recruitment and Employment Confederation (REC) found that agency nurses and supply teachers cited a better work-life balance, the ability to pick and choose when they worked and escaping stress and office politics as a main driver to leaving permanent employment.

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IT professionals in high demand

Posted on 3rd March 2017

IT contractors will be pleased to learn that a recent survey has found that job opportunities within the sector have increased by 10% compared to the previous year.

According to findings from CompTIA, 2016 saw more than 1.3 million IT job roles advertised.

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Contractors contribute £119 billion to UK economy

Posted on 2nd March 2017

Umbrella company contractors might be interested to learn that the millions of contractors currently working in the UK are contributing a significant amount of money to the economy.

Latest research carried out by the Association of Independent Professionals and the Self Employed (IPSE), revealed that contractors contribute £119 billion to the UK economy – a considerable increase from the £109 billion reported in 2015.

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IPSE respond to self-employment growth

Posted on 27th February 2017

Umbrella company contractors may be interested to learn that latest findings have revealed that the number of people joining the self-employment sector has increased considerably over the last few months.

Recent ONS employment figures show that during the three months to December last year, the number of contractors in the UK rose by 125,000 to 4.8 million.

The ‘voice of independent professionals’, the Association of Independent Professionals and the Self-Employed (IPSE) have responded to these latest findings.

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High percentage of people dream of becoming self-employed

Posted on 24th February 2017

Umbrella company contractors might be interested to learn that a recent survey has revealed that as many as 42% of people dream of becoming their own boss.

The recent research, carried out by Centre for the Modern Family, found that despite this, only 5% of those surveyed believe that that will be able to make this a reality.

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Cybersecurity skills gap to reach 1.8 million in next five years

Posted on 23rd February 2017

IT contractors will be interested to learn that latest findings have shown that the world will reach a shortfall of 1.8 million workers with cybersecurity skills by 2022.

The survey of 19,000+ cybersecurity professionals, carried out by the Center for Cyber Safety and Education, found that this figure is an increase of 20% on the five year projection made in 2015 by its bi-annual Global Information Security Workforce Study.

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Aviation contractor’s average take home pay higher than ‘permies’

Posted on 22nd February 2017

Umbrella company contractors might be interested to learn that a recent survey has revealed that aviation contractors earn on average more than their permanent counterparts.

The data, compiled by Carbon60 for its first ever aviation salary survey, found that there is a 22% difference between an average permanent (£48,608) and contractor (£59,334) wage. 

Findings show that with regards to pay, one of the best areas for an aviation contractor to work in is design, with the average take home pay being £88,737 a year.

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More women in self-employment than ever before, but they need more childcare support

Posted on 20th February 2017

Umbrella company contractors might be interested to learn that recent ONS data has revealed that there are now 1.5 million female contractors in the UK, which is up by a third since 2011.

With so many women now choosing the self-employed route, a recent report from the Women and Work All Parliamentary Group (APPG) have called on the government to lend more support to working parents with regards to Statutory Maternity Pay and tax-free childcare.

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Contractors will play an important role in the future workplace

Posted on 16th February 2017

Umbrella company contractors will be interested to learn that a latest report has revealed that self-employed workers are expected to play a fundamental role in the future as more and people decide to join the contracting sector.

According to latest findings from global talent acquisition and management firm Alexander Mann Solutions, it has been predicted by 63% of senior HR professionals that non-permanent hiring will continue to grow over the next two years.

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Manufacturing sector in high demand

Posted on 13th February 2017

Umbrella company contractors working in the manufacturing sector will be pleased to learn that a recent report has found that opportunities within the industry have increased significantly over the last year.

Latest data from Reed.co.uk found that manufacturing based jobs grew by almost a quarter in the last 12 months – the construction, engineering and retail sectors also experienced strong employment growth.

According to the report, these job opportunities have increased across all regions, with Northern Ireland and Wales seeing the most growth.

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Manufacturing roles in high demand

Posted on 10th February 2017

Umbrella company contractors working within the manufacturing sector will be pleased to learn that demand for the industry has seen considerable growth.

Jobrapido have released its latest report, which indicates significant job growth within the manufacturing sector. Figures show that during 2016, there were 2.28% more roles advertised within the industry compared to the previous year.  

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Demand for contractors increased across majority of sectors

Posted on 9th February 2017

Recent findings from REC/Markit data revealed a mixed bag for the UK's contracting sector, with reports of a slightly weakened rate of pay, however, demand is on the rise.

The latest Report on Jobs revealed that contractor billings remained sharp during January, increasing across all monitored regions in January, with the quickest rates of expansion seen in the North and the Midlands,

Demand for the self-employed also increased across almost all monitored sectors in January. The strongest growth was seen in Nursing/Medical/Care, followed by Blue Collar.

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Small and medium sized businesses look to increase hiring

Posted on 8th February 2017

Umbrella company contractors will be pleased to hear that recent findings have revealed that many of the UK’s SME’s are planning to hire additional workers.

According to findings from Opus Energy, as many as 15% of the UK’s small and medium sized businesses are expected to increase their headcount by as much as 10%.

A further 10% said that they are looking to grow their number of staff by up to a fifth. This is great news for self-employed and permanent workers alike, as more SME’s look to take advantage of those with the right skills.

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IPSE respond to growing contractor numbers

Posted on 6th February 2017

Umbrella company contractors will be interested to learn that the number of those who are self-employed continues to rise, as more and more people choose to join this method of working.

Latest ONS employment data has revealed that the number of self-employed people currently working in the UK rose by 133,000 to 4.77 million in the three months to November.

Self-employment body, IPSE, have responded to the recent news.

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IPSE have its say on UK economy growth

Posted on 3rd February 2017

Umbrella company contractors will be pleased to learn that latest GDP figures from the ONS have revealed positive news with regards to the economy.

According to the recent findings, the UK economy continued to grow by 0.6% in Q4 2016 – at the same rate as the previous two quarters.

This is great news for not just contractors of course, but the country as a whole.

The non-profit and largest association of independent professional in the EU, the IPSE (the Association of Independent Professionals and the Self-Employed) have commented on these latest figures.

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Contractor placements have risen year-on-year

Posted on 2nd February 2017

A recent report has revealed great news for the UK’s highly skilled contractor workforce, as figures show that contractor placements have risen year-on-year.

The Association of Professional Staffing Companies (APSCo) did however find that demand for finance and IT skills fell slightly over the last month. It is believed that the finance sector in particular may be suffering due to recent reports on banks moving large numbers of jobs from the Capital, which may very well have stalled recruitment activity. 

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Cyber security skills shortage could result in IT contractor demand

Posted on 31st January 2017

IT contractors with specialised skills in cyber security could very well benefit from the major skills shortage being seen within the sector. 

Findings from Indeed have revealed that British businesses could be significantly increasing their risk of cyber crime by not being able to hire those with cyber security skills – this could in turn benefit IT contractors with the right skills, as businesses reach out for experts in the field.

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Many Brits look to join contracting sector to make money from their hobby

Posted on 25th January 2017

A new survey has revealed that a high percentage of British people would prefer to be their own boss by concentrating on making money from their hobby.

The research, carried out by Wix, has found that 32% of those surveyed believe that they are a lot more talented in their chosen hobby compared to their current job, with 44.1% wanting to turn their hobby into a business.

The top hobbies mentioned in the survey include:

·       Baking (18.5%)

·       Photography (18.3%)

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Demand for IT security roles sees significant growth

Posted on 24th January 2017

IT contractors with the right skills will be pleased to learn that demand for cyber security roles has seen significant growth in recent months.

Latest findings from Morson International have revealed that as more and more businesses look to protect themselves from the threat of cyber crime, roles for IT professionals have grown considerably.

According to the company, it predicts that the sector will require as many as 1.5 million IT security contractors over the next three years.

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Manufacturing skills in high demand

Posted on 20th January 2017

Latest findings have revealed positive news about the jobs market, as it has shown continued growth throughout the previous month.

Recent research from reed.co.uk shows that the jobs market is up 7% compared to this time last year, with both manufacturing and retail driving this increased growth, rising by 21% and 22% respectively.

James Reed, chairman of reed.co.uk, commented on the latest survey, “It’s encouraging to see that more jobs are being created in manufacturing, as it has such a positive effect on the wider economy.

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