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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.
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Latest Contract Rate Updates
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 IT Contractor Rates )
Recruitment agency reports sharp rise in IT job vacancies
A specialist recruitment agency has reported a sharp rise in the number of registered IT jobs during the second quarter of 2010.
(Jul 23, 2010 in IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
Energy trading IT contractors in huge demand says recruiter
A recruitment group says that investment banks may face a "brain drain" of IT contractors following high demand for skills in the energy sector. Business analysts in the sector have seen rates increase by 40% since 2008.
(May 19, 2010 in IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
Following barren 2009, finance contract job offers on the up
New figures show that financial services job offers to contractors declined by over half in 2009. However, the market has improved significantly over the past few months.
(Jan 26, 2010 in IT Contractor Rates )
Report shows significant improvement in contractor jobs market
The December 2009 'Report on Jobs' shows a significant improvement in both the permanent and contract jobs markets, with the sharpest growth figures since 2007.
(Jan 7, 2010 in IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
Independent consultant contract rates up despite recession
Despite the economic slowdown, a new survey suggests that self-employed consultants are actually commanding higher daily rates than they did last year.
(Mar 24, 2009 in IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 IT Contractor Rates )
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 )
