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Contractor Industry News

Contractor rates of pay increase significantly

Posted on 23rd November 2018

Contractors will be pleased to learn that a recent report has shown positive results for the self-employed sector over the last month.

The latest KPMG and REC Report on Jobs revealed that billings expanded at the quickest pace since May, with hourly rates also seeing significant growth.

All 10 monitored job categories noted higher vacancies for temporary and contract workers, with the nursing/medical/care sector ranking the highest in demand. 

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IPSE responds to Prime Minister’s CBI speech

Posted on 21st November 2018

Earlier this week, Theresa May spoke at the CBI on the ‘jobs miracle’, however, the IPSE warns that unless it changes course, it will soon experience a ‘self-employed catastrophe’.

In Theresa May’s keynote speech at the Confederation of British Industry’s (CBI) annual conference, she promoted her Brexit deal and the opportunities for the continuation of what she describes as the ‘jobs miracle that sound economic management has delivered since 2010’.

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Rise in oil driving demand for job roles

Posted on 19th November 2018

Demand for oil and gas is close to reaching a historical peak of 100 million barrels a day, however, this is under threat because of skills shortages.

According to new market analysis from global energy recruiter Samuel Knight International, this has revealed a significant uptick for skills-short roles.

Contractors might be interested to learn that the top four most in demand and ‘at risk’ roles due to the skills crisis are: reservoir engineering, geologist, geomodelling and geophysicist.

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UK investment to create 359 high-tech jobs

Posted on 16th November 2018

Hundreds of high-tech jobs will be created from a £109 million overseas investment into the UK’s thriving FinTech, information technology and advanced engineering sectors.

There are 11 separate foreign investments that are expected to create as many as 359 jobs across the country – in London, Leeds, Newcastle and Reading.

These investments are set to have major benefits for both British consumers and businesses. 

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Brits reveal what scares them the most about job hunting

Posted on 12th November 2018

Just over half of Brits admit that there are some parts of the job hunting process that scare them.

Of the 1,200 workers surveyed by CV-Library, as many as 30% said that they wouldn’t apply for a role that had them facing their fears – one in ten have even avoided going to an interview because they were too scared.

Areas of job hunting that Brits feared the most included:

- Being rejected for a role they wanted (55.7%)

- Attending interviews (42.4%)

- Having to do an interview test or task (39.9%)

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Graduate unemployment rate lowest in 39 years

Posted on 9th November 2018

Recent data has shown that the unemployment rate for graduates six months after leaving university fell to 5.1% this year.

Prospects’ ‘What do graduates do? 2018’ report revealed that this figure is the lowest since the 1979 survey when it was 4.9%.

Employment increased from 74.2% to 76.6% (184,295) as 4,540 more graduates found jobs compared to last year. The proportion of employed graduates in professional-level roles also increased, from 71.4% to 73.9%.

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Many Brits confused about the job hunting ‘rules’

Posted on 7th November 2018

According to recent research, there are a number of job hunting myths that are holding people back from their next role.

The survey, carried out by CV-Library, found that many Brits believe that there are certain ‘job hunting rules’ they must follow – not only is this not always the case, but people are scuppering their chances of securing their next role because of these ‘rules’.

Almost half (45.5%) of professionals think there are set rules you should follow when job hunting, with the majority (77.7%) admitting no one has ever taught them what these ‘rules’ are.

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FCSA responds to Chancellor’s IR35 private sector reform

Posted on 5th November 2018

Although it is disappointing that the Chancellor made the decision to roll out IR35 private sector changes, the FCSA are pleased to learn that such changes are to be delayed until 2020.

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Job hunting mistakes that put people at risk to hackers

Posted on 2nd November 2018

New research has shown that there are a few simple mistakes people are making that are putting them at risk to hackers when job hunting.

The survey of 2,000 workers by CV-Library revealed that over half (59%) of Brits worry about their CV information being stolen.

Interestingly, the report found that the majority of people are including unnecessary personal information on their CVs, such as:

- Their full name (90.3%)

- Postal address (78.5%)

- Date of birth (50.5%)

- Contact details for referees (35.8%)

- Place of birth (16.3%)

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The Budget 2018

Posted on 30th October 2018

So what are the key points that may affect you as a contractor?

Once again a prominent feature of the budget made reference to the “fair and sustainable tax system”. Well on one hand, we saw the personal tax free allowance increase to £12,500 and the higher earnings threshold reach £50k, which I can’t see too many people complaining about, but we also saw, what appeared inevitable, with the reform of IR35 in the private sector due in April 2020.

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