SJD Accountancy

Demand for contractors shows consistent rise for nearly 3 years

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According to the KPMG/Recruitment and Employment Confederation (REC) Report on Jobs issued in January, demand for contractors has been increasing since August 2009 and, more recently, is rising at its fastest pace since June 2010. There has also been an increase in contractor vacancies which have grown at the fastest rate for three years. The ‘league’ is led by core contracting areas as expected, with IT and engineering showing the greatest demand.

These findings are further reinforced by the e-skills Bulletin for Q3 2010. This shows that contract positions had risen by 11% on the previous quarter of 2010 and that skills shortages ‘remained at historically low levels’. Although now a little out of date, this clearly shows that during the second quarter of 2010, demand was ahead of supply, which led to increased rates and greater competition.

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