Contractors have the edge on fintech projects

Freelance and contract IT workers appear to have their edge over their full-time counterparts in the nascent but maturing skills market of fintech, found Sonovate.

The recruitment finance provider said that quarter-on-quarter adverts by fintech firms for contract personnel were up by 64%, compared with a rise of 57% for permanent staff.

Contractors seem to be ahead in the pay stakes too, as the average advertised rate stands at £430 a day, whereas the average advertised salary is just shy of £60,000 a year.

But whether permanent or temporary, the IT opportunities at fintech firms offering the most money are IT Security, ERP and Technical Architecture (up to £600 a day for contractors).

“2015 was a crucial year for UK fintech,” says Sonovate’s co-CEO Richard Prime. “[But in 2016] we’ve seen clear increases in the industry’s overall investment, growth, and economic contribution.”

16th May, 2016

Written by Simon Moore

Simon Moore is one of the UK’s most consistently published freelance journalists on freelancing, self-employment and contractor issues, such as IR35, the Loan Charge and late payment. Trained in News & Features writing by NCTJ-approved journalism tutors, Simon worked in the newsrooms of local, consumer and national press titles, before setting up his own editorial services company, Moore News Ltd.

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