IT contractors predict pay rates to rise

IT contractors expect both their opportunities and pay rates to increase over the next 12 months, according to giant group.

The umbrella company found that 96% of IT contractors believe that their hourly or daily rates will rise over the next 12 months, an increase of 4% year-on-year.

A further 98% of the IT contractors predicted that more opportunities would become available over the next year, representing annual growth of 27%.

The bright outlook of such freelance professionals showed up in another survey last month, when almost six in ten said they were ‘fairly’ or ‘very’ optimistic about their work prospects.

And since then, the pay of freelancers with IT skills has been predicted by a respected analyst to continue rising, notably into 2015 when the average rate should be up by 1.4 per cent.

Outlining this prediction to ContractorUK at the time, Pierre Audoin Consultants identified Analytics and Digital as driving the uptick, but another IT skill is now apparently ‘hot.’

“Contractors [are] being sought…[as a result of] many organisations placing a greater emphasis on infrastructure security,” explained giant group’s Matthew Brown.

“Firms are now looking to take on contractors with defence expertise who can prepare their businesses for any threats they could potentially face.”

He added that because infrastructure security skill-sets were still niche and not “readily available in the permanent market,” organisations have to turn to specialist contractors.

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Written by Simon Moore

Simon writes impartial news and engaging features for the contractor industry, covering, IR35, the loan charge and general tax and legislation.
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