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Contracting steady despite the recession

There is evidence today that while the headcount in public services is being reduced, most likely as a result of austerity measures, the average demand for contractors remains fairly steady. The Midlands is experiencing a greater demand for contractors than London, which in turn is experiencing a fall in demand but, overall, the requirement for contractors has reached a 13-month high with billings at a 14-month high.

A recent report from KPMG/Recruitment and Employment Confederation (REC) has revealed that the contracting sector is more positive than other elements of the economy. Although the figures vary across the country, it seems that supply is meeting demand. It is possibly an indication that while permanent placements are falling, companies and organisations are relying more on contractors. This seems particularly true for the public sector, where the demand for contractors is outstripping the demand for permanent placements.

An REC spokesman has suggested that the growing requirement for contractors may be indicative of a return to economic growth. While the IT contracting sector has slipped in comparison to other sectors, IT professionals have seen an increase in demand for permanent employment. This encouraging news bodes well for all contracting sectors, where the only shortfall of expertise right now seems to be in the energy field. It is a time, perhaps, when contractors should ensure they are well prepared to meet demand for their services by utilising the skills of a specialist accountant for contractors, so they can focus on securing those all-important contracts.

Posted by Mark
October 29, 2012
Research & Statistics

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