Contractor demand reaches 15 year high
The latest edition of the REC / KPMG Report on Jobs shows that the UK’s jobs market is growing strongly, across all sectors. The report states that the growth in permanent salaries is at its highest rate since 2007, and contract / temporary worker billings are growing at their fastest pace in over 15 years. Significantly, the IT & Computing sector registered the highest rate of growth out of all industry sectors during December.
However, Kate Shoesmith, the REC’s head of policy, said that the country may be facing a growing skills shortage, with many recruiters unable to find qualified people to match their requirements.
“Companies want to hire more salespeople, accountants and businesses development staff to help their enterprises grow, but can’t find people with the right skills to take the jobs.”
Bernard Brown from KPMG noted that business confidence figures were also growing strongly, but new investment and job creation are now needed to prevent employers from being “stretched beyond their means at the same time as over-inflating the market by offering high salaries just to tempt employees to move.”
Accountant reports surge in limited company formations
SJD Accountancy’s MD, Claire Johnson, said that she had seen “huge growth” in the number of people becoming contractors and setting up their own limited companies over the past year. Given the strong growth in demand for contractors reported by REC and others in recent months, 2014 could be another good year for the accountancy profession!
“The double dip recession and the panic that this was caused has made many people want to be in charge of their own destiny and take the initiative to become their own boss. Many are amazed, and relieved, to realise that having a limited company really isn’t that hard work.”
Start-ups urged to look to the Cloud to save money on IT hardware
Gary David Smith, from Prism IT Solutions, says that using cloud-based technology is much faster and easier than buying your own hardware if you’re setting up a new business.
“A Cloud-based business can be run on a shoestring with a king-hit result… It’s full potential still hasn’t been realised.”
Of course, cloud-based applications store data on remote servers rather than local machines. Outsourcing reduces the amount of capital you have to outlay on equipment, and can provide peace of mind that your cloud storage is maintained professional (assuming your provider is up to scratch).
It is easy to see why Smith is bullish about the future of cloud computing – Forrester Research estimates that the global cloud market will grow from £25bn to almost £150bn by 2020.
‘Business as usual’ for Parasol / ClearSky clients following investment
A secondary buyout has increased the stake owned by the Optionis management team to 50%, and has prompted the group’s MD, Derek Kelly, to reassure clients of ClearSky and Parasol that they wouldn’t notice any difference following the investment deal.
“I would like to reassure our existing employees and clients that they will see no changes to our service, ethos or pricing structure as a result of this deal,” Kelly said.
The deal has been made to support the future growth of the company, which is now the UK’s largest professional employment organisation, having provided services to over 70,000 contractors over the years.