SJD Accountancy

Contractor pay rates increase and placements continue to grow

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The recent Recruitment and Employment Confederation’s Report on Jobs has revealed positive results for contractors, as the latest findings have shown contractor placements have continue to grow, albeit at a slower rate.

According to the REC’s research, although jobs growth among both the contractor and permanent sectors has seen a slightly slower rate, it has still seen a considerable amount of growth. 

As stated in an earlier REC Report on Jobs, the start of 2013 saw UK job vacancies increase at their sharpest rate for two years, with this theme expected to continue throughout the year.

An added positive within the report, is that March also saw an increase in contractor pay rates.

Vacancies within both the private and public sectors grew for contractors, with public sector demand increasing for the first time since December 2012.

The report also found that the most in demand contractor positions were in the engineering and construction areas, as well as the nursing/medical/care sector, which is currently the most sought after category for the fourteenth consecutive month.

REC chief executive Kevin Green explained that in order to help with this continued growth, the government will need to, “Build the talent pipeline for the future by increasing funding for apprenticeships in sectors where there is demand, refocusing the Work Program to train people who have potential but who lack the skills to fill current vacancies and driving take-up for existing schemes like the Youth Contract.”

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