At PayStream we have certainly noticed an increase in contractor activity and as such we have issued a survey asking our contractors for their opinion and thoughts on the current market, along with their views on contracting in general. When the results are in we will be sure to share these with you.
PayStream have also been speaking to recruiters and there is a definite feeling of optimism about the future. Recruiters are reporting between 10-30% increase in temporary placements as compared to this time last year. This is backed up by the office of National Statistics who reported that in July the jobs market as a whole had increased. 30.61 million people aged 16 and over were in work, a rise of 74,000 on quarter 2 and a rise of 774,000 on the year. The UK Job Market Report published by Adzuna also reported advertised vacancies rising by +30% year-on-year from 698,862 in August 2013 to 905,297 in August 2014.
Although permanent placements are also up recruiters believe that businesses are keen to retain the flexibility in the workforce and so the contract market will continue to be strong for the rest of the financial year.