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Demand for contractors in financial services sector

 

Despite latest figures showing an overall decline for both permanent and contract vacancies, the financial services sector is seeing high demand.

The Association of Professionals Staffing Companies (APSCo) revealed that contractor vacancies decreased by six per cent year-on-year in November last year.

However, despite this dip, roles within the financial services sector rose by 14% - increasing by 10% year-on-year. Interestingly, permanent vacancies within the same industry slipped by one per cent.

Ann Swain, Chief Executive of APSCo commented on the recent findings,“While permanent placements remain strong for now, ongoing uncertainty around Britain’s future relationship with the EU, combined with predictions that the UK economy is forecast to fall in GDP rankings, means that employers are becoming more cautious with regards to future hiring.”

She added, “The number of contractors out on assignment is notably lower than a year ago, which we suspect is reflective on incoming changes to IR35 in the private sector – and with further changes to legislation around the use of contingent workers now confirmed, it will be no surprise if this trend continues.”    

Wondering what your take home pay could be working through ContractorUmbrella, please call us on 01206 591 000 or email info@contractorumbrella.com

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Lucy Smith is the Managing Director for ContractorUmbrella Ltd, one of the UK’s Most Respected Umbrella Companies and founder member of AllUmbrellaCompaniesAreEqual. Learn more about Lucy on Google.

 

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ContractorUmbrella is the hassle-free, straight talking umbrella company that provides umbrella employment for UK based contractors and freelancers. Independently voted as the best umbrella company by the readers of Contractor UK.

As one of the most trusted umbrella companies in the UK, we guarantee our employees peace of mind, absolute compliance and complete security. We are one of the longest standing and most respected umbrella companies in the UK.

Benefits of working through ContractorUmbrella;

  • Fast and easy registration-  be ready to work in 24 hours, simply register online and we’ll take care of the rest.
  • Calculate your take home pay- use our online calculator to find out how much you could be taking home through ContractorUmbrella.
  • Same day payments- we offer same day payments as standard, for no additional fee.
  • Our Commitment Charter- is our guarantee that you will be looked after at every step of the way.
  • Flexible Limited Company accountancy- when you sign up to our sister company Dolan Accountancy, you can transfer to ContractorUmbrella when umbrella employment better suits or your assignment sits inside IR35.
  • Employee Benefits- at ContractorUmbrella there are many benefits available to you as our employee including Childcare Vouchers, our Employee Rewards Scheme, Group Pension Scheme, Foreign Currency Exchange, Contractor Accommodation, Contractor Mortgages and much more.
  • Personal Employee Liaison Officer- we believe in the personal touch, so you will have your very own dedicated Employee Liaison Officer during your employment with us. Read some of the glowing testimonials we've received about our lovely staff and the outstanding commitment they give to all our employees and clients.

If you’d like to find out more, call us on 01206 591 000 or request a call back by completing our online form.