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Contractors based in Scotland see rise in both demand and rates of pay

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A new report has found that contractors based in Scotland are experiencing high demand and increased take-home pay.

June’s Bank of Scotland Report on Jobs has shown great results for contractors based north of the border, with growth in the contractor/temp jobs space gaining momentum as billings received by Scottish consultancies rose to the greatest extent since January.

Demand for contractors also strengthened, with vacancies rising to the greatest extent since February.

The Bank of Scotland Report on Jobs also revealed that having accelerated for the second consecutive month, the rate of decline in contractor candidate numbers was sharp and the most marked in eight months.

However, as a result of this, contractor rates of pay have risen at a much faster rate than last month’s survey.

With regards to regional analysis, it was found that growth in temp billings was fairly broad-based, with the most marked increase seen in Aberdeen; it was also this area that saw the most significant rise in hourly rates of pay.

Looking at the various contractor sectors, top of the list for the biggest rise in vacancies was the nursing/medical/care sector, closely followed by IT & computing and engineering & construction.

Chief Economist at Bank of Scotland, Donald MacRae, commented on the findings, “June’s Barometer reached a record high in the eleven and a half years of the survey. The number of people appointed to jobs increased while vacancies grew at a robust rate.

“The number of candidates available for both permanent and temporary jobs fell accompanied by a record rise in starting salaries. The recovery in the Scottish economy looks set to continue.”

What’s life really like as a contractor? Visit our Life as a Contractor case studies hub for real-life stories on working through your own Limited company, taking money out of your Limited company, understanding IR35 and much more.

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