SJD Accountancy

Bank of Scotland finds contractor demand and rates of pay are on the up

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Contractors will be interested in the latest Bank of Scotland findings, which revealed that both demand and rates are on the rise among the self-employed.

The most recent Bank of Scotland Report on Jobs found near-record increases in both permanent and temporary staff appointments in December.

The findings revealed that there was a marked increase in temp hourly pay, with the rate of inflation much faster than that registered in November.  It was also found that contractor job vacancies continued to rise sharply.

Temp billings increased at the fastest pace since January 2011, with the rate of growth remaining faster than the UK average.

Contractors based north of the border will be interested to learn that with regards to the regional differences, the figures show that contractor staff appointments rose at the strongest rates in Edinburgh.  This area was also found to have recorded the fastest increase in temp hourly rates.

Demand for flexible workers increased in all eight sectors during December, with the nursing/medical/care sector continuing to record the fastest rate of demand growth, with the pace of expansion accelerating to a new survey-high. 

IT & computing came second for strength of demand, closely followed by hotel & catering and engineering & construction. 

Donald MacRae, Chief Economist at Bank of Scotland, said, “December’s Barometer showed another marked improvement in the Scottish jobs market. 

“The number of people appointed to both permanent and temporary jobs rose sharply while the number of vacancies increased strongly reflecting strong demand from employers.” 

Considering making the switch from working as a permanent employee to a contractor? Then read our free downloadable guide to moving from permanent to contracting, you may also find our advantages and disadvantages of a Limited company page useful. 

For more information on contracting, speak to a member of our new business team on 01442 275789 or email

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