It may come as a surprise to many an IT contractor in London that North West England may have as many of the highest-paid UK contractors as the English capital, at least if an umbrella company is to be believed. The news was reported on the Contractor UK website. |
More specifically, the umbrella firm said that of its current 50 most generously-remunerated contractors, 13 were based in the North West, making the region the biggest elite flexible worker hotspot outside London - which accounted for another 13 of the contractors in the list. Eight of the 'elite' 50, meanwhile, were to be found in the Midlands.
Such figures will certainly help to allay longstanding fears in the north of a 'brain drain' down south, while also suggesting that London's dominance in the sphere of highly-paid contracting work could be coming to an end.
The umbrella company added that contractors in the 45-54 age bracket were the most likely to be earning the highest rates - not such a big shock, given that this simply mimics the situation for permanent workers. Indeed, four in 10 of the aforementioned top-earning 50 contractors were in this age bracket, which will give many of the UK's independent professionals hope of commanding higher earnings well into their late 40s.
In other news that will encourage the average IT contractor in London, the Recruitment & Employment Confederation's (REC) latest Report on Jobs has revealed continued healthy growth in demand for IT Contractor London. The index for temporary IT/computing workers heightened by 0.2 in January to 62.6, this news being especially welcome given the slight fall seen in December. As a matter of fact, all monitored temporary/contract staff categories saw rising demand in the first month of the year, with the strongest rate of expansion actually being recorded for nursing/medical/care workers.
The Midlands seemed to be a good place to be for such contractors, given that this was where billings raised temp fastest in the first month of the year. It all completes a promising last month for independent professionals across the various sectors.
REC chief executive Kevin Green commented: "The number of vacancies for permanent and temporary jobs continues to increase rapidly as confident businesses expand their workforces."
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