Stage set for 2014 jobs recovery, says APSCo
APSCo, which represents the UK Professional Staffing industry, says that every sector of the professional jobs market is undergoing an upturn, with salaries on the up, and particularly strong growth in contractor demand.
Over the past 12 months, permanent job placements are up 8.5% (compared to an actual decline in placements at the start of 2013).
The number of long-term IT contracts advertised has risen by 22% over the past year, and accounting and finance contractors have seen a particularly impressive rebound in demand – up 25% since January 2013.
Read the full APSCo article here.
2014 – a good year for the interim management sector?
The latest Interim Management Association quarterly survey suggests that 2014 should also be a good year for interim managers, with joint turnover reported by its member firms up almost 30% in the third quarter of 2013 compared to the first.
Jason Atkinson, chairman of the organisation, said that the figures continued an overall growth trend; “I believe we are beginning to see signs of real recovery and development within the sector.”
Interestingly, the latest edition of the Ipsos MORI survey shows that the number of female interim managers continues to grow, now representing 36% of all assignments – the highest level since 2010.
Public sector interim roles are also increasing (up from 35% to 40% of all assignments), following several years of Government cost cutting measures.
Contractor UK Readers’ Awards 2013 – winners announced
Leading contractor site, Contractor UK, has published its 2013 Readers’ Awards. As the name suggests, the Awards are voted for by the site’s large visitor base, rewarding service providers and others from within the contracting industry for work done over the previous 12 months.
As well as the established award categories, such as ‘best accountant’, ‘best job board’ and so on, several new categories were introduced this year, including ‘Contractors’ Champion’, and ‘Best Forum Advisor’ (for the best professional advice given on the Contractor UK forums).
Rather than spoil the excitement, you can view all the winners here.
Boox Report 2014
Contractor accountancy firm, Boox, has released an interesting analysis of the UK’s freelance workforce.
The survey of over 1,000 contractors found that 90% of workers do not understand how National Insurance Contributions work, £432m was borrowed from business bank accounts to fund personal spending last year, and half of the UK’s contractors do not put enough aside to meet their tax obligations.
Late payment problems persist
A survey by financial software provider, Sage, shows that most small businesses believe that the Government-backed ‘Prompt Payment Code’ is completely ineffective, with a mere 5% classing the late payment guidance as ‘effective’.
The Code provides payment guidelines for businesses to pay suppliers on time, provide clear payment guidance, and to encourage ‘good practice’. Businesses which sign up are entitled to display a stamp of approval on their websites.
44% of respondents to the Sage survey said that they’d suffered late payment issues, and in severe cases, some firms were starved of the cashflow required to pay their own staff.
Lee Perkins, from Sage UK and Ireland commented: “British businesses have given a damning verdict for the Prompt Payment Code which has proved toothless and ineffective. There has been plenty of rhetoric, but not enough action and firms are saying they are fed up.”
Read our tips to help contractors deal with late payment issues here.