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Contract vacancies remain strong

Sat 21st Nov 2015
Great news for contractors looking for long term stability as APSCo reports that the number of contract vacancies remains stable. The number of vacancies for both temporary and contract opportunities has risen ever so slightly by 1% from 2014.
And if you are in finance and accountancy industries, the news is even better. SDJ Accountancy have recently concluded a study, that showed an increase in vacancies of a staggering 24%, accompanied by an increase in pay rates as well. The number of people earning in excess of £750 has doubled in the past year. A double helping of good news in the run-up to the festive season!
Ann Swain, Chief Executive of APSCo, commented on the recent findings, “The perpetual war for talent means that contract vacancies are consistently strong, despite an increase in permanent roles. Contract vacancies within finance and accounting are particularly high as financial institutions bring on board niche skill sets on a project basis to manage change.
She added, “Monumental shifts in the UK banking sector, such as impending ring-fencing legislation, structural reorganisation and changes in customer behaviour mean that specialists are needed to ensure that the sector is future-fit. There is simply not the supply to fulfil demand.”
In further research, carried out by MBA & Co, it is predicted that top-level contractors demand will grow to in excess of 1,000,000 by the end of 2020. This rise is due to the dual benefits felt by employing contractors. Individuals enjoy the flexibility of choosing the contracts that work best for them, choosing where they work and when. Organisations benefit from taping into a pool of high skilled individuals as and when they are required. Keeping their overheads lower and allowing them to mix and match skill sets to meet the needs of the projects.
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