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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 )

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 )

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