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IT contractors could benefit from tech sector’s increased employment growth

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IT contractors take note, a new report has shown that over the last ten years, the UK technology sector has achieved a great deal in terms of employment growth.

The latest KPMG and Markit report ‘Tech Monitor UK’ has revealed that out of all the private sectors in the UK, the technology industry has in fact outperformed them all. 

The research also found that UK tech companies are a lot more confident about their business prospects compared to other sectors, which is great news for contractors working in IT, as this could potentially mean that more firms look to increase their hiring levels. 

According to the findings, job-hiring trends have in fact reached much higher levels than other sectors over the last ten years.

Tudor Aw, Head of Technology at KPMG, said, “Our new report Tech Monitor UK, the first of an ongoing series, reveals a number of key findings: importantly, it shows that the UK tech sector has generated solid rates of job creation over the last four years and that it has consistently outpaced other UK private sectors in creating jobs since the global financial crisis in 2008/09. 

“In terms of business outlook and confidence, we can take heart that tech companies in the UK are bullish about the next 12 months. Optimism is at one of the highest levels since data was first recorded in late 2009 and also continues the trend that tech companies are consistently more upbeat regarding hiring intentions than other UK sectors.”

If you’re interested in making the move from permanent to contracting, why not download our FREE 60 page guide to Contracting through your own Limited company. You may also find our Life as a Contractor hub useful – real life stories from IT Contractors. 

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