Latest Article: Higher demand of contractors within the Finance & IT industries
Posted by: Imber on Aug 29, 2014
There is a very strong demand of contractors within the IT markets & industry, reports from KPMG, REC & Morgan McKinley shows this year. The impressive growths in recruitment within IT firms have the highest figures since the financial crisis hence the rise in demand of contractors for HR, IT & finance in the city.
The demand for permanent & contract specialists in finance, It & HR reveals to be “hot” right now. There is 33% more vacancies than the previous year, the latest edition of the London Employment Monitor showed.
There is an increase of 10% in jobs advertised from June to July 2014, and an average one fifth increase in remuneration for people beginning a new job in July an update form the Morgan McKinley suggested in July.
Here are the specific skill areas which are in most demand:
HR – Reward and In-House specialists. Contract HR specialists with both direct and vendor recruitment experience are in particular demand.
Finance – Product Control and Regulatory Reporting specialists are being wanted – both permanent and contract – driven by continuing regulatory demands.
IT – Supervisory and compliance issues are still driving demand for City IT contractors, particularly with experience of mobile / digital technology, data management, analytics and IT security.
Data from recruitment industry organisation, APSCo, also shows that the demand for specialists permanent and contract staff has climbed considerably over the past year – by 20% for permanent staff, and 8% for contractors.
While engineering and finance / accounting vacancies have been rising for some time, APSCo states that “this month is the first time that the IT sector has demonstrated such impressive growth” (18% year-on-year).
This means that jobseekers – both permanent and contractors – are feeling more confident as the economic outlook improves, and are therefore more likely to seek new work opportunities.