SJD Accountancy

IT contractors see surge in demand and pay rates

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Contractors with specialist skills in web development and software engineering will be pleased to hear that a recent study has found that these sectors have been experiencing both a surge in demand and an increase in pay rates.

The Harvey Nash report revealed that from the beginning of August to the end of November, there was a record-breaking demand in the number of smartphones bought, as well as a shortage of digital and mobile skills.

According to the study, employers are increasingly turning to contractors instead of taking on permanent workers – freelancer jobs within the industry grew by 19%, whereas permanent roles have fallen by 4%.  These same businesses are also continuing to invest in new digital technology platforms.

The findings are very much supported by a recent industry survey, where it was predicted that self-employed software engineers and web developers were the most likely out of IT roles, to have secured a pay rise this year.

Albert Ellis, Harvey Nash CEO, said, “The new digital economy continues to provide forward momentum in what is a lacklustre overall recruitment market. The economic uncertainty throughout the world has meant that clients have tended to favour flexible contract and temporary hiring above permanent recruitment.”

Please visit our Contractor News page for all other news. To discuss this story further visit our SJD Accountancy Blog.

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