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Contractor pay rises at fastest pace in seven years

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The Recruitment and Employment Confederation and KPMG have revealed great news for contractors in its latest report.

The most recent Report on Jobs has shown that temp billings increased at a significant rate during September.

The findings revealed that it was the Midlands that saw the fastest growth in temporary billings, with the south posting the weakest expansion.

Contractors will also be pleased to learn that the latest REC/KPMG report has shown a rise in hourly rates of pay for the sector, rising at the fastest past in seven years.

The nursing/medical/care sector was the most in demand category for temporary staff, closely followed by engineering.

Kevin Green, REC chief executive, commented on the report, “Once again more people have secured permanent and temporary jobs via recruiters than in the previous month, a sign of the continued strength of the UK’s labour market.

“Hourly pay for people on temporary contracts has risen at the fastest pace for nearly seven years, which shows that employers are bringing in temps and contractors with the skills they need quickly and are willing to pay to do so. 

“The increasing lack of candidates continues to be a worry as shortages spread across more industries. It’s not just engineers and IT specialists that recruiters are finding it hard to source – blue collar roles like bricklayers, drivers and electricians are getting harder and harder to fill too.”

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.

For more information on contracting, speak to a member of our new business team on 01442 275789 or email newbusiness@sjdaccountancy.com.

For all other news please visit our Contractor News hub, or why not join us on Facebook and follow us on Google+ for all the latest contractor news, views, debates and competitions. 

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