The latest jobs data from APSCo has revealed that although the professional jobs market slowed during the Olympics, contractors were more in demand than permanent workers.
The Association of Professional Staffing Companies (APSCo) found that the professional jobs market slowed significantly this summer, due to businesses refraining from hiring during the Olympics.
According to the report, the usual seasonal dip in demand for professional workers was actually made worse by the Olympics. Ann Swain, Chief Executive for APSCo explained, “Summer is typically a slow time for the professional jobs market as hiring activity dips and employees take time off for annual leave.”
“Many professionals seem to have heeded the Government’s suggestions, either to take time off during the games or to work from home – that’s had an influence on hiring.”
However, despite both the freelancer and permanent sectors seeing a decline, the contracting market fared much better than the permanent one, being just 15 per cent down compared to 24 per cent.
The research found that there was also a 4 per cent rise in temporary placements last month compared to August last year, with the IT contracting and engineering market doing especially well. Demand for IT contractors rose by 15 per cent and engineers by 10 per cent.
John Nurthen, of employment research company, Staffing Industry Analysts, said, “Temporary workers are a popular option amongst employers, as they offer more flexibility than a permanent hire.
“The current state of the UK economy means that employer confidence remains low, resulting in a reluctance to increase permanent headcount in the near future.
“The best performing sector within the temporary market is Information Technology, which saw a 15% rise in placements over the last month.”