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Contractor hiring on the rise as business confidence grows

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Contractor hiring is set to increase over the next 12 months, finds the latest report from the Recruitment and Employment Confederation.

The REC’s (Recruitment and Employment Confederation) recent JobsOutlook survey, which questioned 600 employers across the UK about their hiring intentions, found that many businesses are optimistic about the year ahead which in turn will lead to taking on additional workers. 

When asked about their hiring intentions for the first quarter of 2014, 48% said that they plan to up the number of contractors and flexible workers.  Another 43% predict no change in their current numbers, and just 5% expect to decrease their hiring.

With regards to the next 12 months, 38% are planning to increase their use of contractors, 55% will keep numbers the same and 7% will look to reduce their amount of flexible workers. 

The reason behind this rise in hiring could very well be due to the confidence being reported among UK businesses, as four out of ten respondents (43%) predict that their organisation will fare better this year than in 2013. 

REC director of policy Tom Hadley, said, “Our data shows business confidence is continuing to build and the jobs market recovery will gain further momentum over coming months. The challenge ahead will be to ensure that the demand for staff and specific skills can be met. 

He added, “This tracking of employer sentiment and future hiring plans is a leading indicator and strong predictions from the second half of 2013 have been borne out by January’s employment and GDP figures. Today’s JobsOutlook points to a positive year for business and job seekers.” 

How much could you be earning as a contractor? Type in your daily or hourly rate into our contractor calculator and see how much you could be taking home. 

If you have any further questions about contracting, or would like to book a free face to face meeting with a member of our New business team, please call 01442 275789 or email newbusiness@sjdaccountancy.com.

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