According to the latest Report on Jobs published by the Recruitment and Employment Confederation (REC), despite relaxing slightly last month demand for IT contractors could peak again during the Christmas period and rise even more in 2015. Analysing IT recruitment in a range of industries across the United Kingdom provides a clearer picture of how organisations in sectors such as Business Intelligence, ERP and CRM are currently sourcing IT contractors. The results suggest that these firms are becoming increasingly reliant on the skill set offered by these individuals.
The number of jobs in Enterprise Resource Planning (ERP) has grown year after year, despite a small drop in recruitment since the summer. The average daily rate of pay in this sector has been around £400 for the best part of a decade, and there has been little change this year. It is an almost identical situation in the Customer Relationship Management (CRM) and Business Intelligence (BI) sectors. Recruitment has increased slightly during the past three months leading up to November, but pay rates are not increasing in tandem.
The Information Security sector is an outlier in this regard, as it has almost doubled its amount of IT jobs compared to the same three-month period last year. Pay rates have also increased, with contractors now taking home £470 a day on average. Banking is one of the industries where contractors have not prospered in 2014. The amount of jobs has decreased year on year and pay rates have sunk to an average of £475, down from £488 a year ago.
The outlook remains bright for all contractors in 2015. However, it will be Analytics and Information Security contractors that drive an upward trend in demand and pay rates according to Pierre Audoin Consultants. Giant Group’s Umbrella Company also found that over 98% of IT contractors are optimistic about the next 12 months in a recent survey. A similar figure also expects to see a rise in pay rates. The universally positive outlook is a marked change from last year when over a quarter of contractors expressed doubts about the prospect of increased opportunities.
It should come as no surprise that Information Security contractors are 'hot', as protecting data from unauthorised access has been a priority for many large organisations in 2014. That trend is set to continue next year.
This article has been written by William Parker - Team Lead and Account Manager - Montash. If you woud like a detailed discussion about the above article or you have contracting requirments within technology please contact Will on: +44 (0)20 7014 0231 or alternatively send an email to email@example.com.
Montash is a multi-award winning, global IT recruitment business specialising in permanent and contract positions across mid-senior appointments, which cover a wide range of industry sectors and IT functions, including:
ERP, BI & Data, Information Security and Assurance, Architecture & Strategy, Energy Technology, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.
With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles