SJD Accountancy

Contractors north of the border see higher rates of hourly pay

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Contractors based in Scotland will be pleased to hear that both demand and hourly rates of pay are on the rise.

Figures from the recent Bank of Scotland Report on Jobs have revealed that the supply of staff for contractor and temporary vacancies decreased during November, which is perhaps the reason behind rates of hourly pay increasing significantly.

Growth in rates of pay rose for the second consecutive month, reaching the sharpest since July 2014.

Billings received from the employment of temporary staff in Scotland increased again during November, although the rate of growth eased to the slowest since April. Contractor demand increased at a considerably sharp rate, with the report stating that this has extended the ‘current sequence of growth to 61 months’.

Looking at sector performance, nursing/medical/care led a broad-based increase in contractor staff demand north of the border, with the second sharpest increase in temporary/contract job vacancies seen in IT & Computing. Third on the list was the engineering & construction sector.

The Bank of Scotland Report on Jobs found that the fastest increase in billings from temporary staff was recorded in Edinburgh, and hourly pay rates was found to be the strongest in Dundee.

Donald MacRae, Chief Economist at Bank of Scotland, said, “November’s Report on Jobs showed further growth in the number of people appointed to jobs. These results indicate Scotland’s economy growing but slowing.”

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