Contractor Industry News

Majority of self-employed professionals are happier working for themselves

Posted on 2nd November 2016

The majority of self-employed professionals are much happier being their own boss compared to when they were in ‘traditional’ permanent employment, finds recent research.

These latest findings, carried out by Markel, revealed that the top three factors for contractors enjoying being self-employed included:

 

·       Having more freedom in their working life

·       Having increased flexibility by being able to fit their work around other commitments

·       Being their own boss

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Working from home gives people a better work-life balance

Posted on 1st November 2016

Umbrella company contractors might be interested to hear that recent research has revealed that working from home can increase happiness.

Although the survey looked exclusively at the difference in working from home compared to the office from a permanent worker’s perspective, the results clearly show that the majority of people feel much happier when carrying out work from their own home, with 60% of the 1,000+ people surveyed agreeing.

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IT professionals see year-on-year rise in demand

Posted on 28th October 2016

IT contractors will be pleased to hear that demand for professionals with the right technology skills continues to see a year-on-year rise.

According to the latest APSCo IT Trends Report, IT demand for those in the technology sector make up a larger proportion of the professional vacancy market, exceeding 16% in August.

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IT contractor rates continue to grow

Posted on 26th October 2016

Umbrella company contractors working within the technology sector will be interested to learn that IT contractor day rates have seen a 9.11% rise over the last year.

The latest Tech Cities Job Watch Survey, carried out by Experis revealed that an average IT contractor day rate is now £431, which is almost double the year-on-year growth in permanent salaries.

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IPSE respond to Labour leader’s self-employment comments

Posted on 24th October 2016

Umbrella company contractors may be interested to hear that the IPSE have responded after Labour leader Jeremy Corbyn commented on the self-employed.

During the Labour Party Conference, he stated that tax and social security for the self-employed must be re-evaluated.

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Contractors in high demand within hospitality sector

Posted on 12th October 2016

Contractors working within the hospitality sector might be interested to learn that their skills are currently in high demand.

As the government aims to attract 40 million tourists within the next four years, contracting specialist Nova welcomes the news as many hospitality contractors will benefit.

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Rise in construction hiring as sector finally moves closer to stabilisation

Posted on 5th October 2016

With the UK construction sector seeing a downturn in recent months, umbrella company contractors will be pleased to learn that the industry is moving closer to stabilisation.

According to the latest Markit / CIPS UK Construction Purchasing Managers’ Index, UK construction companies indicated a sustained reduction in business activity during August, however, the pace of decline was only marginal and much softer than the seven-year record seen during July.

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Majority of recruiters reveal business is the same or better post-Brexit

Posted on 3rd October 2016

Umbrella company contractors might be interested to learn that the professional jobs market has not been materially affected by the UK’s decision to leave the EU according recent data.

According to findings from the Association of Professional Staffing Companies (APSCo), as many as 74% of recruiters reported that business was the same or better than before the vote in the weeks following Brexit. 

This is great news for contractors and freelancers, who are more likely to find job opportunities with companies that are reporting a positive outlook within their business.

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Looming public sector contractor changes are met with resistance

Posted on 30th September 2016

With the proposal to put contractors onto the payroll in the public sector as part of HMRC’s new intermediaries legislation for April 2017, many agencies, end-hirers and contractors are fighting against these changes.

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FCSA defends umbrella companies, saying unions’ criticisms are ‘peppered with a number of inaccuracies’

Posted on 28th September 2016

Umbrella company contractors might be interested to learn that the trade association for professional employment, the FCSA has responded to a motion tabled at the recent TUC Congress in Brighton opposing umbrella companies, pointing out that the debate is peppered with a number of inaccuracies. 

Debating employment and trade union rights, Congress aired its concerns about the growing number of umbrella companies, noting that Treasury reforms introduced in April this year have led to greater financial disadvantages for workers “forced” to operate through umbrella companies.

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Rise in demand for UK contractors

Posted on 26th September 2016

Umbrella company contractors will be interested to learn that there has been a considerable increase in demand for the UK’s highly skilled contractors.

The findings, carried out by Juice Recruitment, revealed that they have seen a 27% rise in demand for contractors since the Referendum result.

Juice’s managing director, Emma Summers, said, “The team at Juice have not seen a decrease in demand but have noticed a significant increase in the number of temporary, contract and interim opportunities that have been registered.

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Rising demand for UK manufacturing sees increased hiring

Posted on 23rd September 2016

Umbrella company contractors working within the manufacturing industry will be pleased to learn that the sector climbed to a ten-month high during last month.

Findings from the recent Markit / CIPS UK Manufacturing Purchasing Managers’ Index revealed that companies within the sector reported solid inflows of new work from both domestic and export sources.

As a result of this, employment rose for the first time in the year-to-date.

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Engineering roles in high demand

Posted on 21st September 2016

Umbrella company contractors working within the engineering sector will be pleased to hear that demand for professionals grew year-on-year to July.

Recent findings from the Association of Professional Staffing Companies’ (APSCo) Professional Recruitment Trends report revealed that engineering roles are in high demand in London and the South East, however, a number of regional hubs are also emerging.

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Self-employment figures continue to rise

Posted on 19th September 2016

There are now more people than ever deciding to choose the role of a contractor as their chosen career path and with the many benefits associated with the lifestyle, this news comes as no surprise.

Recent findings have revealed that that the number of self-employed workers in the UK rose by 257,000 to 4.79 million in the three months to June 2016.

Experts in the contracting field, the Association of Independent Professionals and the Self-Employed (IPSE) have responded to these latest findings.

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Companies found to be exploiting contractors must be investigated, says IPSE

Posted on 16th September 2016

With the recent news concerning self-employed couriers being paid below minimum wage, the IPSE has responded to the news that courier firm Hermes faces calls for an HMRC investigation into its engagement of self-employed workers.

Last month, the Prime Minister was being urged to launch an inquiry into self-employed couriers being paid below minimum wage.

In a recent carried out by The Guardian, which looked into the earnings, hours and expenses of couriers for Hermes, it was found that many self-employed workers were being paid well below the national living wage.

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Contractor billings increase at fastest rate in three months

Posted on 14th September 2016

Umbrella company contractors will be pleased to learn that billings have increased at the fastest rate since May.

The Report on Jobs, carried out by the Recruitment and Employment Confederation (REC) and Markit, have revealed that having eased to a ten-month low in July, growth of contract and temp billings picked up in August.

Growth of demand was broad-based across all monitored categories of temporary/contract staff during August, with hotel & catering seeing the fastest rise, closely followed by the engineering sector.

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UK employers look to increase contractor hiring, despite drop in confidence

Posted on 12th September 2016

Umbrella company contractors will be pleased to hear that UK employers are looking to increase their contractor hiring.

The research, carried out by the Recruitment and Employment Confederation for its latest JobsOutlook survey, revealed that despite employer’s lack of confidence during the last quarter, businesses are continuing to hire.

The data found that 12% of those surveyed said they predict that contractor hiring will increase in the short term.

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Demand for contractors in financial services remains high

Posted on 7th September 2016

Umbrella company contractors might be interested to learn that recent findings have revealed that demand for interim, contractor and permanent change professionals remains high in the UK financial services sector.

The ‘Market Trends & Salaries Report’, carried out by Campion Willcocks, compiled the research by using data covering more than 2,000 interim, contract and permanent change roles at 35 financial services organisations.

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UK sees rise in number of ‘Funtrepreneurs’

Posted on 5th September 2016

Recent research has revealed that the number of people deciding to leave their permanent jobs to pursue and make money out of a hobby or passion has increased considerably in recent months.

The report, carried out by the Centre for Economic and Business Research (CEBR) and YouGov, found that as many as one in ten Brits have left their jobs to become a ‘funtrepreneur’ – someone who turns their passion for a hobby into a money-making career.

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Data scientist roles grow in demand

Posted on 2nd September 2016

Umbrella company contractors might be interested to learn that demand for data scientists has increased significantly over the last few months.

The research, carried out by Procorre, revealed that during the first half of 2016, data scientist roles have grown by 45% across the Europe with the UK standing out as being the largest market by job creation with a 32% rise within the sector.

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Experts call on fair maternity and adoption pay for contractors

Posted on 31st August 2016

Umbrella company contractors might be interested to learn that experts within the self-employed sector have called on the government to introduce fair maternity and adoption pay for contractors.

The Association of Independent Professionals and the Self-Employed (IPSE) have reacted to the recent ‘Citizen’s Advice Bureau’s Sharp Practice at work: maternity rights’ report.

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Public sector employers against IR35 changes

Posted on 30th August 2016

With so many recent changes taking place regarding the IR35 legislation, a recent survey has revealed that public sector employees do not support the latest reform proposals. 

The findings, carried out by the Recruitment and Employment Confederation (REC) found that public sector employers do not support the changes to the monitoring and reporting of skilled contractors’ tax status that the government is proposing.

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Call for priority for protecting contractors post-EU rules change

Posted on 26th August 2016

Umbrella company contractors will be interested to hear that there has been a call for priority with regards to protecting the UK's highly skilled contractors from any potential post-EU rule changes.

Marcus Green, Nova Contracting director, commented, “Anything which could reduce UK businesses’ access to the vital pool of temporary workers in the UK, or limit its attraction for workers in the UK and from Europe, would be disastrous for the sector and our economy. Contractors provide vital flexibility, particularly during times of change.

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Social media updates could be losing you work

Posted on 24th August 2016

Whether you’re an umbrella company contractor, freelancer or ‘permie’, choosing to upload the wrong content onto social media could very well be preventing you from being hired.

A recent survey, carried out by Monster.co.uk and YouGov, revealed that as many as 36% of UK companies have turned down a potential candidate because of their social media profiles.

More than half (56%) of HR professionals admitted that an online reputation would influence who they hire and 65% said that they will Google a potential candidate.

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Women more likely to be offered financial services based jobs than men

Posted on 22nd August 2016

A new survey has revealed interesting news regarding the gender gap within the financial services sector.

According to recent research carried out by BRUIN Financial, although the Women in Financial Institutions (WiFI) report revealed a three point decrease over the last year, the representation, engagement and recruitment of women within the sector continues to rise. 

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Call for PM to investigate low paid self-employed workers

Posted on 19th August 2016

Umbrella company contractors might be interested to learn that the Prime Minister is being urged to launch an inquiry into self-employed couriers being paid below minimum wage.

In a recent report carried out by The Guardian, which looked into the earnings, hours and expenses of couriers for Hermes, it was found that many self-employed workers were being paid well below the national living wage, and the reason why the company has been getting away with this is due to the fact that contractors are not covered by the national living wage legislation.

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Contractor billings rise, while permanent hiring decreases for second consecutive month

Posted on 17th August 2016

The latest Markit / Recruitment and Employment Confederation (REC) Report on Jobs has revealed that contractor billings has seen slight growth, while permanent hiring has lowered for a second successive month.

According to the research, contract and temporary staff billings continued to rise in July, with some panellists indicating that clients had shifted focus towards short-term staff amid an uncertain economic climate.

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Contractor financial services jump 26%

Posted on 15th August 2016

Umbrella company contractors might be interested to hear that vacancies within the financial services sector jumped by 26% during June.

The report, carried out by the Association of Professional Staffing Companies (APSCo) revealed that following months of increasing demand, general temporary and contract vacancies stabilised across the professional staffing market with opportunities softening by 0.3% year-on-year.

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Many UK students want to join the contracting world

Posted on 12th August 2016

A new survey has revealed that many students are either currently, or looking to join the contracting sector while they are still at university.

The research, carried out by Santander Universities, found that almost a third of the students surveyed, which is the equivalent of just over 500,000, currently run their own business or plan to contract while studying.

The findings represent a 38% increase on the 375,000 budding student entrepreneurs recorded in 2015.

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London continues to hire despite initial Brexit reaction

Posted on 10th August 2016

Umbrella company contractors will be interested to learn that despite the initial reaction to the Brexit news, businesses in London are continuing to hire.

A recent report carried out by the CBI and CBRE has revealed that of the 186 businesses surveyed after the referendum, 41% said that they plan to maintain their investment plans.

Fifty percent said that they will continue to carry on hiring after the referendum.

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