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Limited company contractor demand remains strong across UK

Tuesday 12th September, 2017
Limited Company
August 2017 saw limited company contractors and freelancers finding new roles at the fastest rate recorded in 16 months, new jobs market analysis reveals.

The Recruitment and Employment Confederation (REC) has published its latest monthly Report on Jobs in conjunction with Markit, which shows the number of contractors being placed in new roles in August was in line with July, when the rate of growth in temporary opportunities reached a 29-month high.

However, at the same time, the number of contractors and freelancers available for advertised roles fell to its lowest level for 20 months, indicating that the ongoing skills shortage has reached a new peak.

Kevin Green, Chief Executive of the REC, explained: "There are two trends at play. Businesses are seeking more professional and managerial capability, so we're seeing high demand for roles like financial directors, analysts and compliance and HR professionals. Meanwhile, there is a significant shortage of people to fill blue collar roles."

Contractors can help to add value to businesses navigating their way through either or both of these situations, by offering their skills and expertise to firms struggling with the talent shortage.

Being proactive could pay off in the future for limited company contractors, as businesses are likely to appreciate their approach, which may lead to more assignments for them.

Overall, demand for contractors was highest in the engineering and nursing, medical and care sectors. When it came to permanent roles, the greatest demand for staff was recorded in the IT and computing and accounting and financial sectors. In light of the skills shortage, contractors may also want to consider putting themselves forward for these roles, as many firms are willing to up pay rates to access the talent they need, even if it's just for a short-term period.

In terms of region, temporary workers were most sought-after in the Midlands during August, while demand for these professionals was also up markedly across the south of England. All other locations surveyed also recorded growth in contractor placements, but at not quite as high rates.

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