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IT contractor rates set to rise

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IT contractors are set to enjoy a steady rise in rates of pay due to cloud computing, a new report has revealed.

The report carried out by international consulting company, Pierre Audoin Consultants (PAC), has been monitoring pay rates for the past ten years in France, Germany and the UK.

The PAC’s UK version of the IT Services Rates Database interviewed 150 IT companies and IT users about their average daily pay rates and found that due to the increased demand for cloud computing, pay rates are expected to climb during the next six months.

Dominic Trott, a senior analyst at PAC, explained further, “We expect a short-term boost in rates due to the high demand in cloud-related skills, but in the medium term we’ll see commoditisation of testing and application management roles as these functions migrate to the cloud.”

The report has also revealed that IT contractors with skills in consulting, infrastructure, platforms, applications and project management, are all expected to see a steady rise in pay rates for the rest of 2013.

Contractors will be pleased to hear that, according to the PAC ‘s IT Services Rates Database, the average rates of pay for UK IT contractors, could, in fact, continue to rise well into 2014.

The recent IT Monitor report compiled by Computer People also revealed great news for IT contractors, as findings show that there has been an increased demand for IT contractors, with contract job opportunities growing by +16.65% month-on-month.

To find out how much you could be earning as a contractor type your daily or hourly rate into our contractor calculator. If you are working through your own Limited company, how could register for the Flat Rate VAT Scheme benefit you? Read our plain English guide on the Flat Rate VAT Scheme.

If you have any questions about contracting or would like any further advice please call our New Business Team on 01442 275789 or email: newbusiness@sjdaccountancy.com.

For all other news please visit our Contractor News hub, or why not join us on Facebook and follow us on Google+ for all the latest contractor news, views, debates and competitions.

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