SJD Accountancy

Rates of pay on the rise for UK contractors

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The latest Report on Jobs has shown that contractor demand and rates of pay continues to rise.

The Recruitment and Employment Confederation (REC) and KPMG’s Report on Jobs has found that interestingly, the number of available permanent candidates has fallen at the sharpest rate in ten years.  This perhaps suggests that more people could instead be turning to the flexible workforce.

Findings also revealed that last month saw temporary worker’s rates of pay increase at the fastest pace for eight months. 

Midlands-based agencies reported the strongest increase in temp billings, while growth was slowest in the South.

It was the nursing/medical/care sector that saw the biggest growth in demand during February.

REC CEO Kevin Green said, “The positive trend of rising vacancies continues and this is supported by our JobsOutlook data on employers’ hiring intentions that shows businesses will be taking on more workers in 2014 as their confidence grows.

“However the number of candidates available to fill vacancies continues to fall and this is becoming a business critical issue in highly skilled roles.”

Bernard Brown, Partner and Head of Business Services at KPMG, comments, “Those in the North are recruiting hardest and fastest, and even the slowest area – in London – is seeing a marked increase. The hope now must be that employees and employers rethink their approach and the clash of confidence is replaced by a meeting of minds.”

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