SJD Accountancy

Report on jobs shows contractors ‘up north’ remain in demand

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The latest Bank of Scotland report has revealed great news for contractors based north of the border.

The Bank of Scotland Report on Jobs found that April saw continued strong growth in demand for staff in Scotland, but also brought light on a significant lack of available candidates.

At 62.5 in April, down from March’s 63.9, the Bank of Scotland Labour Market Barometer still remained close to its highest level in the survey’s history.

The Bank of Scotland Report on Jobs revealed growth in contractor hourly pay eased to a three-month low, however, this still remained solid in the context of historical survey data.

Growth in the demand for contractors and other temporary staff was unchanged from the marked pace recorded in the month before.

When looking at a regional breakdown, figures show that on the temp billings front, growth in Edinburgh and Dundee was offset by contractions in both Aberdeen and Glasgow.   Glasgow led broad-based increases in both permanent starting salaries and hourly rates of pay for temporary staff. 

Demand for temporary staff rose fastest in Nursing/Medical/Care, followed by IT & Computing.

Donald MacRae, Chief Economist at Bank of Scotland, said of the Report on Jobs findings, “The Scottish labour market continued to improve in April. Demand for staff was strong but accompanied by a lack of available candidates. Salary inflation picked up in the month partially reflecting demand for staff. The economic recovery continued into the second quarter of 2014.” 

Considering making the switch from working as a permanent employee to a contractor? Then read our free downloadable guide to moving from permanent to contracting, you may also find our advantages and disadvantages of a Limited company page useful.

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