IT Contractor Rates & Market Reports

This section contains the latest IT contractor rate and contracting market reports. To find out the prevailing market rates for your skill / application area, try our new Contract Rate Check online tool.

New contract offers dive in financial services sector

Research carried out by a pre-employment screening company shows that the demand for IT contractors in the financial services industry fell by nearly half during October.
(Nov 10, 2008 in IT Contractor Rates )

JP Morgan joins other banks and cuts contractor rates by 15%

JP Morgan joins a host of other banks and slashes its contractor rates by 15%.
(Oct 30, 2008 in IT Contractor Rates )

Financial services contractors suffer 12% rate cuts

A new report shows that financial services contractors have seen their average rates slashed by 12% over the past 12 months.
(Oct 6, 2008 in IT Contractor Rates )

Are IT Contract rates on the slide?

With the media reporting 24/7 doom and gloom on the UK's economic prospects, is there any evidence that rates have started to drop within the contracting industry?
(Sep 23, 2008 in IT Contractor Rates )

Now HBOS permies feel the heat as jobs cut in IT division

Following recent IT contractor rate cuts, 5% of the permanent IT staff at HBOS are to be culled as part of a "streamlining" process.
(Aug 19, 2008 in IT Contractor Rates )

Further rate cuts for City banking IT Contractors

IT Contractors at two more major banks are being subjected to across the board rate cuts, as the banking downturn continues.
(Aug 5, 2008 in IT Contractor Rates )

Contract rates - How much will you earn as an IT Contractor?

A guide to IT contract rates - what hourly rate can you expect as an IT Contractor, and key rate resources.
(Aug 1, 2008 in IT Contractor Rates )

Contractors could be in favour as companies avoid recruiting new permies

According to an interim management recruitment specialist, the winners in the credit crunch are likely to be temporary staff, contractors and interims as companies try to avoid adding permanent employeers to the payroll.
(Jul 29, 2008 in IT Contractor Rates )

Demand for engineering contractors set for a strong 2008

A recent poll of engineering contractors reveals that 63% believe their contract rates will rise over the next year, despite the effects of the predicted economic downturn on other sectors of the economy.
(Jul 2, 2008 in IT Contractor Rates )

Recruiter predicts good 2008 for public sector contractors

Leading IT contractor recruiter, Parity, has predicted a promising 2008 for public sector IT, despite the so-called "credit crunch".
(Jun 24, 2008 in IT Contractor Rates )

City banks slash IT contractor rates

According to a leading tech website, a major city bank has asked its IT contractors to take a 10% rate cut or a quick exit from the company. Another bank imposes an 11% cut on its contractor workforce.
(Jun 2, 2008 in IT Contractor Rates )

Reader's Question - Is it a good time to enter the IT Contracting world?

We recently received an email from a permie who is considering going contracting. He was concerned about the state of the IT Contracting market and if he should leave his current job before searching for contracts.
(Apr 29, 2008 in IT Contractor Rates )

IT Contractor rates remain static in final quarter of 2007

IT contract rates remained static during the final quarter of 2007, although there were apparent changes within regions and skill-sets
(Apr 17, 2008 in IT Contractor Rates )

IT bosses cutting back on contractors

A recent poll suggests that the "credit crunch" has made IT contractors a less attractive option than permies, as IT chiefs are forced to reign back on spending.
(Apr 16, 2008 in IT Contractor Rates )

Engineering contractor rates set to rise due to high demand

Hourly rates for engineering contractors are expected to rise in 2008 due to the buoyant demand for their skills, according to a recent poll.
(Apr 10, 2008 in IT Contractor Rates )

More IT Contractors 'on the bench', but joblessness remains low

New research suggests that the number of IT Contractors 'on the bench' has begun to rise as the 'credit crunch' begins to hit home, but contractor unemployment remains very low.
(Apr 4, 2008 in IT Contractor Rates )

Oracle contractor jobs market expected to grow in 2008

Oracle IT contractors are likely to enjoy an increase in demand for their skills in 2008 according to a leading contractor job site.
(Feb 26, 2008 in IT Contractor Rates )

Project Managers take rate cuts as economy cools

Fears of an economic downturn are forcing top project managers in the digital, telecoms and media industry to cut their contract rates, according to new research.
(Feb 12, 2008 in IT Contractor Rates )

Financial Services IT contractors see rate hike despite credit crunch fears

Despite the media frenzy following the "credit crunch", IT contractors working in the financial services sector have seen an 11% rise in contract rates over the past six months.
(Feb 1, 2008 in IT Contractor Rates )

IT Contractor rates expected to rise during 2008

Most IT Contractors expect to see their rates rise by 5-10% over the coming year, according to new research.
(Jan 8, 2008 in IT Contractor Rates )

SAP IT Contractors can look forward to a good 2008

SAP skills look set to be the most in demand in 2008, according to a leading IT contract recruitment site.
(Nov 23, 2007 in IT Contractor Rates )

IT contractors see a 5% increase in hourly rates

The findings from the latest SkillsMarket/ATSCo iProfile Skills Survey showed a continuing increase in the reported hourly rates of IT contractors
(Jun 11, 2007 in IT Contractor Rates )

IT Contractors forecast 10% rate hike in 2007

More than half of the UK’s IT contractors expect an inflation-busting rate hike of at least ten cent in 2007
(Jan 29, 2007 in IT Contractor Rates )

IT Director pay surges past 80/hour mark

A surge in demand for interim IT Directors, as organisations kick-start new IT projects, has pushed pay up 34% over the past year to £80 per hour, according to new research.
(Jul 26, 2006 in IT Contractor Rates )

Public sector IT Contractor numbers drop

The share of IT contractors working on public sector IT projects has declined for the first time in three years, according to a new report.
(Jun 14, 2006 in IT Contractor Rates )

IT Job surge during first quarter of 2006

IT Contract vacancies were up by 5.4% during the first quarter of 2006. With the exception of the last quarter 2005 contract vacancies have been rising each quarter for over three years.
(May 3, 2006 in IT Contractor Rates )

City Contractors reach 50GBP per hour mark for first time since 2001

Freelance IT contractors working in the City have reached the psychologically significant 50GBP per hour pay barrier for the first time since the September 11 2001 terrorist attacks.
(Feb 17, 2006 in IT Contractor Rates )

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