News
Work for contractors during the recession
22 May, 2009
The Director of External Relations at the Recruitment and Employment Confederation, Mr. Tom Hadley, has said that even though competition is fierce, those looking for non-permanent work could be successful. He also feels that the drop in employment rates has not yet reached the bottom, and that there is probably going to be more unemployment before things begin to improve.
Salaried people in permanent positions have been affected by pay rates, and there are probably more opportunities for those who are seeking contract work than for those now looking for permanent positions.
It has been reported that only 7.5% of IT contractors have been out of work for 90 days or more, but there is still a lot of uncertainty about contract work.
Giant managing director Matthew Brown was quoted as saying, “Research suggests that IT spending is unlikely to be as negatively impacted by the downturn as spending in other business areas, but with rates in some sectors having been cut, contractors are clearly still concerned about job security and whether we are at the bottom or the market still has some way to fall.”