More Contractor Rate Updates / Market Reports
More banks cut contractor rates as financial uncertainty continues
More investment banks have slashed contractor rates, bringing back memories of 2008-9, as the continuing financial crisis forces companies to take rapid action to cut costs.
(Nov 11, 2011 in Market Reports )
Number of IT contract vacancies up by 5%
The number of contract openings advertised over the past quarter is up almost 5%, with the demand for contractors outpacing the demand for permanent staff.
(Nov 2, 2011 in Market Reports )
UBS contractors told to swallow 10% rate cut
UBS is the latest bank to announce a series of job cuts, and contractors aren't immune according to The Register.
(Sep 5, 2011 in Market Reports )
Good outlook for financial services contractors, but public sector remains bleak
The market for financial services contractors looks set to grow strongly over the coming year, however the outlook for contractors in the public sector remains bleak.
(Aug 10, 2011 in Market Reports )
Quarterly demand for contractors up 3%, public sector roles recover
The latest jobs market report from CWJobs and jobsadwatch.co.uk shows that the number of contract vacancies advertised during the second quarter of 2011 was up by over 3%.
(Aug 3, 2011 in Market Reports )
Improved market for interim management as rates return to pre-recession levels
Interim Managers are enjoying the first sustained improvement in market conditions since 2008, according to the latest Interim Management Survey findings.
(Jul 25, 2011 in Market Reports )
Average UK contract rates down, marginal increase in London and South East
The latest Parasol Insight Index shows that the average umbrella company contract rate has fallen over the past year, however the gender gap has grown, as has the pay gap between regions.
(Jun 24, 2011 in Market Reports )
Demand for financial services contractors strong, contract rates up
Two independent reports show that the demand for contractors working in the financial services arena continues to recover, and rates have risen accordingly.
(Jun 13, 2011 in Market Reports )
Demand for contactors up 11% during first quarter of 2011
The latest CWJobs quarterly update on the IT jobs market suggests that there has been a significant rise in IT contract vacancies during the first quarter of 2011.
(Apr 21, 2011 in Market Reports )
Demand for IT skills outstrips supply for first time since 2008
Demand for IT talent has outgrown supply for the first time since late 2008, according to the latest e-skills market report.
(Mar 30, 2011 in Market Reports )
Interim management market tested by economic downturn
A new report provides an interesting insight into the state of the interim management market in the UK.
(Mar 18, 2011 in Market Reports )
Oil and gas contractors set to enjoy surge in demand in 2011
Contractors working in the oil and gas sector are expected to enjoy a boom year, as the demand for specialist skills is set to increase by up to 60%.
(Mar 15, 2011 in Market Reports )
Financial services contractor demand stable after January slump
The number of confirmed job offers made to financial services contractors rose slightly in February, but a sustained recovery would appear to be some way off yet.
(Mar 14, 2011 in Market Reports )
Contract rates set to rise as IT managers can't get the staff
The fourth annual survey of IT directors, by ReThink Recruitment, has identified staff retention as the leading concern for the year ahead.
(Feb 24, 2011 in Market Reports )
Scottish contract market continues to recover
The contract market in Scotland continues to improve according to the latest Bank of Scotland Report of Jobs
(Feb 23, 2011 in Market Reports )
Do female contractors get paid less than their male counterparts?
The first edition of the Parasol Insight Index suggests that a contract rate gender gap exists within the contracting industry as it does elsewhere in the economy.
(Feb 22, 2011 in Market Reports )
Contract jobs market still growing, but at a slower pace
The latest CWJobs / JobsAdsWatch survey of the IT employment market shows that while the demand for permanent IT staff continues to grow strongly, the contract job market is growing at a much slower pace.
(Feb 21, 2011 in Market Reports )
Big drop in demand for financial services contractors
A contract market report suggests that the number of opportunities available for contractors in financial services dropped by a massive 79% in January.
(Feb 17, 2011 in Market Reports )
Interim manager demand down in public sector, but daily rates rise
The interim management market has experienced a 8% over the past six months, following a marked drop in demand from the public sector. On the upside, average daily interim manager rates have risen over the same period.
(Jan 26, 2011 in Market Reports )
Rising demand for freelancers in post-recession economy
A new trend survey of 1000 small business owners has revealed the extent to which on-demand resourcing and skills supplied by freelancers are helping the UK's estimated 4.8 million SMEs recover from the recession.
(Jan 18, 2011 in Market Reports )
Mixed outlook for contractors in financial services industry
The outlook for IT contractors within the financial services industry could remain uncertain during early 2011.
(Jan 13, 2011 in Market Reports )
Drop in public sector accountancy contractor roles, but confidence climbing
Although the number of accountancy contractors working in the private sector has dropped significantly over the past year, the demand for their skills in the private sector has led to growing confidence within the sector.
(Nov 22, 2010 in Market Reports )
IT contract jobs market continues steady recovery
The latest quarterly survey of the IT jobs market by Salary Services Ltd shows that the IT contract market has recovered strongly this year.
(Nov 11, 2010 in Market Reports )
October Monster Index reveals sharp jump in IT job openings
The October Monster Employment index has reported a strong rise in online IT job availability, following six months of relatively static growth.
(Nov 9, 2010 in Market Reports )
Confidence returns for financial services IT contractors
A contractor poll suggests that the financial sector has rebounded significantly, as banks and other institutions revive projects which were put on hold as a result of the credit crunch.
(Sep 13, 2010 in Market Reports )
RBS to slash further 1000 IT jobs
RBS is to cut a further 1000 IT jobs, taking the total number of job losses at the bank to over 21,000 since 2009.
(Sep 5, 2010 in Market Reports )
Volatile recruitment market for financial services contractors
Financial sector recruitment is continuing to grow, according to a recent report, although the summer has seen a slip in offers made to IT contractors within the sector.
(Aug 18, 2010 in Market Reports )
Number of IT contract roles rebounds, rates on the rise
The latest statistics published by Salary Services suggest that after 2 dreadful years, the contract market is now rebounding.
(Jul 20, 2010 in Market Reports )
Surge in demand for financial services IT contractors
Contract offers in the financial sector jumped by over 300% from May to June, suggesting that investment banks may be preparing for a significant upturn.
(Jul 16, 2010 in Market Reports )
Scottish contract market continues to strengthen
The latest Bank of Scotland 'Report on Jobs' suggests that the contract market north of the border is continuing to strengthen, albeit at a slower pace than earlier in the year.
(Jul 5, 2010 in Market Reports )
Drop in demand for financial services contractors
New research shows that financial services contractors are suffering from a lack of new projects - with demand for their services down by over 50% since May 2009.
(Jun 14, 2010 in Market Reports )
Demand for contractors grows as investment in IT picks up
New research suggests that long term contractor unemployment has dropped by one third, and contractor confidence is growing, as investment in new IT projects gathers pace.
(May 25, 2010 in Market Reports )
Job site reports 54% increase in IT contract roles advertised
A leading IT job site has seen a 54% increase in the number of contract roles advertised during the first quarter of 2010, suggesting that the worst may be over for the contract market.
(Apr 27, 2010 in Market Reports )
Consultants optimistic about future despite dip in rates
The results of Skillfair's 5th annual rate survey has been released, showing that consultants are overwhelmingly optimistic about the future, despite a short-term dip in rates.
(Mar 16, 2010 in Market Reports )
Market for interim managers starts to rebound
The decline in the market for interim management skills appears to be over, according to a recent snapshot of 11,000 interim mangers.
(Jan 27, 2010 in Market Reports )
Financial services contractor job offers up, but rates under pressure
The number of financial services job offers has risen this month, raising hopes of a lasting economic recovery. However, the large number of applicants has forced down contract daily rates.
(Dec 22, 2009 in Market Reports )
Perm and contract jobs markets continue recovery in October
The latest REC/KPMG Report on Jobs for October 2009 provides further evidence that the worst of the downturn may be over, as the number of permanent and contract roles continues to rise.
(Nov 4, 2009 in Market Reports )
More IT contractors expect to see rate rise in 2010
The latest research by contractor services provider, giant group, provides further evidence that confidence is beginning to return to the contracting market.
(Nov 2, 2009 in Market Reports )
Surge in demand for IT contractors during third quarter
The demand for IT contractors has jumped significantly over the last quarter, rebounding from one of the worst dips in demand ever recorded, although average rates are slightly down on last year.
(Oct 30, 2009 in Market Reports )
Demand for IT contractors on the turn, at last
Demand for IT contractors, having declined for over 6 quarters, appears to have stabilised, with advertised roles on the increase and positive noises being made by some leading recruitment agencies.
(Oct 14, 2009 in Market Reports )
Demand for IT contractors falls for sixth successive quarter, but rate of decline slowing
The latest quarterly SSL/JobAdsWatch report shows that the demand for IT contractors has fallen for the sixth successive quarter, but the pace of decline has slowed.
(Jul 21, 2009 in Market Reports )
Agency reports slump in IT contractor numbers
SThree has announced its latest figures, with IT contractor numbers down over 21% since this time last year.
(Jul 21, 2009 in Market Reports )
Permanent and contractor jobs market declines easing
A leading report shows that UK job market conditions continued to worsen in June, but the pace of decline has slowed rapidly. Have we hit the bottom of the slump?
(Jul 9, 2009 in Market Reports )
Shell tells its contractors to accept 12% rate cut
Shell has told its contractors that they must accept a 12% contract rate cut or face losing their jobs.
(Jul 8, 2009 in Market Reports )
Lloyds Banking Group slashes contractor rates, offshores jobs to India
IT contractor rates at Lloyds Banking Group have been slashed by 15%. Simultaneously, the bank has offshored record number of jobs to India.
(Jun 30, 2009 in Market Reports )
Financial IT contractor offers up, but no overall recovery yet
New figures suggest that the worst may be over for IT contractors in the financial sector, although a wider recovery may be some way off.
(Apr 28, 2009 in Market Reports )
Fujitsu IT contractors latest to suffer contract rate cut
Contractors at Fujitsu are the latest to be told to accept a 15% rate cut.
(Apr 23, 2009 in Market Reports )
How contractor developer skills are faring in the 'downturn'
We look at how the demand for IT contractor developers has changed over the past few months.
(Apr 23, 2009 in Market Reports )
Number of IT contractor jobs advertised plummets
The number of IT contracts advertised has fallen by a third over the previous quarter, and by a shocking 62% since the same period last year.
(Apr 21, 2009 in Market Reports )
BT cuts contractor rates by up to 30%
BT is to cut contractor rates by up to 30% following poor results from its IT services division.
(Apr 13, 2009 in Market Reports )
Clients putting pressure on contract rates
A top 20 agency reports that clients are exerting pressure on contract rates due to the poor economic environment.
(Apr 8, 2009 in Market Reports )
Demand for good quality IT contractors strong in 2009
Leading recruitment agency, Robert Walters, has published its latest salary survey which suggests that the demand for high quality contractors may actually increase in 2009.
(Apr 3, 2009 in Market Reports )
Aviva to lay off 590 contractors
Over 1000 permanent staff and 590 contractors are to be axed from Norwich Union Life over the coming months as another company cut costs in the face of the economic downturn.
(Apr 3, 2009 in Market Reports )
Now public sector prepared to slash contractor rates
Following on from cuts at many of the UK's largest companies, now Leeds City Council has decided to slash its IT contractor rates.
(Apr 2, 2009 in Market Reports )
