SJD Accountancy

Contractor rates of pay at three month high

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Contractors will be pleased to learn the results of the latest Recruitment and Employment Confederation/KPMG report.

The REC/KPMG Report on Jobs, which provides the most comprehensive guide to the UK labour market by drawing on original survey data provided by recruitment consultancies, has revealed not only a rise in contractor billings, but also an increase in rates of pay. 

The Report on Jobs found that temporary staff appointments increased at a considerable rate last month – the latest rise in temp billings was the strongest in three months. 

The survey also revealed that contractor rates of pay increased at the sharpest rate in three months. This may be due to temporary staff availability decreasing sharply, with the latest reduction faster than that recorded in November.

Northern-based agencies recorded the strongest growth of temp billings, and private sector demand for staff remained substantially stronger than that from the public sector in December. 

Looking at the different sectors, the Report on Jobs revealed that all monitored types of temporary/contract staff showed higher levels of demand, however, it was the nursing/medical/care and blue collar sectors that showed the joint strongest rates of growth.

Bernard Brown, Partner and Head of Business Services at KPMG, commented on the findings, “A strong year for the UK jobs market finished with a flourish as temporary roles saw an upswing in popularity.  More than 1 in 3 recruiters suggest that employees looking for short-term roles are being increasingly spoilt for choice as organisations search for help in an effort to fulfil customer orders.

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.

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