More Contractor Rate Updates / 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 )
Financial services IT contractors enjoy market upturn
New figures show that IT contractors in the financial services sector have enjoyed something of a revival in fortunes, with the number of contract jobs offers up 57% on the same period in 2009.
(Mar 17, 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 )
Leading agency reports sharp drop in contractor numbers
Just months after announcing solid results for 2008, one of the leading contractor recruitment agencies - SThree - has reported a sharp drop in contractor numbers over the past quarter.
(Mar 9, 2009 in Market Reports )
Microsoft contractors to suffer 10% rate cut
Microsoft's US contractors are the latest to feel the pinch as they have their contract rates cut by 10%.
(Feb 26, 2009 in Market Reports )
BP IT contractors latest to suffer contract rate cuts
BP is the latest company to tell its IT contractors to accept an across-the-board rate cut, or find themselves alternative work.
(Feb 20, 2009 in Market Reports )
Capgemini IT contractors the latest to take rate cut hit
Capgemini is the latest firm to tell its contractors to take a 15% rate cut or face the chop - this will affect contractors on its 'Aspire' contract with HMRC.
(Feb 8, 2009 in Market Reports )
Demand for IT contractors down by over 25%
The latest SSL survey shows that the decline in advertised IT jobs is approaching levels last seen 18 years ago. IT contractor demand is down by nearly 27% on the previous quarter.
(Jan 26, 2009 in Market Reports )
Project managers expect contract rate drops in 2009
New survey results show that project and programme managers are pessimistic about the year ahead, with many prepared to become permies or even leave the profession in 2009.
(Jan 13, 2009 in Market Reports )
Demand for permies and contractors slumps in December
The latest "Report on Jobs" shows that the demand for permanent and contract staff has severely declined over the past few months.
(Jan 12, 2009 in Market Reports )
Sharp drop in financial services IT contract offers
Statistics released by a pre-employment screening firm show that job offers for financial services IT contractors dropped by a massive 75% towards the end of 2008.
(Jan 5, 2009 in Market Reports )
IT contract rates - some of readers' views
Some recent feedback from our visitors about the current state of the IT contracting market.
(Dec 17, 2008 in Market Reports )
Contract rates continue to fall dramatically
There is growing evidence that average contract rates have fallen dramatically over the past quarter, with more contractors on the bench and those in contract often asked to take a mandatory rate cut.
(Dec 7, 2008 in Market Reports )
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 Market Reports )
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 Market Reports )
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 Market Reports )
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 Market Reports )
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 Market Reports )
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 Market Reports )
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 Market Reports )
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 Market Reports )
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 Market Reports )
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 Market Reports )
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 Market Reports )
SAP IT Contractors can look forward to a good year
SAP skills look set to be the most in demand this year, according to a leading IT contract recruitment site.
(Nov 23, 2007 in Market Reports )
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 Market Reports )
