IT Contractors are benefitting from a further increase in daily rates year on year. Rates were up by 3.3 per cent year on year according to Computer People’s IT Monitor, and the report also highlighted that the contractor market experienced a significant level of growth compared to the permanent market.
Meanwhile a number of spikes have been seen in the North West region in cities such as Manchester as their economies begin to grow. While 48 per cent of companies are expecting a rise in payroll numbers and 48 per cent say they expect levels to maintain, only 4 per cent are expecting a fall in the next 12 months.
According to the ONS (Office for National Statistics) their most recent data shows a 2.9 per cent rise in wage as the contract market experienced a greater level of growth than the permanent market during the third quarter.
Between the second and third quarter, the contract market saw a higher increase in growth compared to the permanent market, and demand for contractors increased by 4.2 per cent.
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