Demand for IT Contractors Increases

A growth in the demand for IT contractors has unexpectedly occurred just a few months after the market appeared to be following an unwavering downwards trend. During the first quarter of the year, the sector was operating under extremely high demand, with February representing a particularly high point in the market for IT contractors. This demand then slumped by 4.1% in June, but a projection that suggested that the market would go on to experience an extended period of flat lining appears to have been mistaken. The IT contractor services market is now beginning to display levels of success that are comparable to those enjoyed during the build up to the London 2012 Olympics, a growth which has taken some analysts by surprise.

The summer months are usually especially taxing for many temporary IT workers, as the increased demand for contract IT workers is offset by the absence of the holidaying stakeholders who are required to approve these contractors. Yet a generally positive mood within the UK, attributed to factors such as the good weather and the improving economic forecast, appears to be encouraging many companies to consider expansion. Seven out of nine relevant sectors have reported an increase in the presence of IT contractors, and many are now speculating whether this relative boom will extend into the habitually quiet Christmas period.

Here at ICS, we have over a decade of experience when it comes to providing accountancy and administration services for a varied range of contractors across the UK. We are committed to strong principles of trust, care and compliance, and services such as our umbrella company service allow our clients to concentrate upon their immediate jobs without the pressing difficulties of excess paperwork. Our contractor calculator will give you some idea of exactly how much our services could allow you to save. Our contact network of industry experts possess a wealth of knowledge relating to the areas of employment and taxation, and because of this you can be confident that our services are always fully in accordance with the latest legislations. Please do not hesitate to contact us for further information.