SJD Accountancy

Scottish Report on Jobs finds contractor growth has accelerated to a 21-month high

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According to the recent Bank of Scotland Report on Jobs, the contracting market has seen both increase in rates of pay and demand.

The Scottish Report on Jobs, which surveyed over 100 recruitment and employment consultants, found that temp hourly pay grew at its sharpest rate for almost six years during June of this year, and at a much faster pace than the UK average.

The survey also found that average billings from temporary staff increased at a solid pace, with contractor vacancy growth accelerating to a 21-month high.

The Dundee area saw the fastest increase in temp staff billings, as well as the strongest rates in hourly pay.

According to the findings, seven employment sectors saw an increase in demand for contractors, which was led by the nursing/medical/care industry, closely followed by IT & computing, hotel & catering and engineering & construction.

Donald MacRae, Chief Economist at Bank of Scotland, said of the findings, “June’s Labour Market Barometer rose to 58.5, its highest level since October 2007.

“Both the number of people appointed to permanent and temporary jobs rose in the month accompanied by sharp rises in vacancies.

“Improvements in job market conditions were spread across all sectors. These results signal a further strengthening of the recovery in the Scottish economy and bode well for employment throughout 2013.”

These findings are very similar to the latest REC/KPMG Report on Jobs, which found that temp billings have shown the strongest rise for seven months, as well as hourly pay seeing the sharpest rise in five years.

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