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Report shows UK market for contractors ends 2012 on a high

A recently released report has suggested that demand for contractors was strong in December of last year – beaten only by the 20 month peak of November.

These figures were provided in the Report on Jobs released by the Recruitment and Employment Confederation (REC), and suggested that both the number of vacancies and billings had increased, which means contractors across the UK are stepping up to market demand.

Kevin Green, chief executive of REC, was happy with the report’s findings. He said:

“We’ve now had […] five consecutive months of growth in temporary job placements. It’s another milestone for the UK labour market, which hasn’t seen a full quarter of simultaneous increases in both temp and permanent job placements since mid-2011. It’s also further confirmation of the continued strength of our flexible labour market in keeping people in employment.”

Two areas that saw contractors in particularly high demand were the construction and engineering sectors, which ranked fifth and third place respectively. Financial and accounting were also both showing positive results.

In the UK, it can be difficult to understand the laws surrounding tax and keep up to date with changes. A specialist accountant for contractors will be able to advise UK contractors on all monetary affairs, helping businesses legitimately minimise their tax bills.

Recruiters have pointed out how contract engineers – particularly those working within the building services – were in short supply throughout December. Green has predicted that the gap between demand and supply will likely increase in 2013 through a shortage in skills.

Posted by Mark
January 15, 2013
Research & Statistics

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