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Contracting News

The market in Asia Pacific IT services is growing at a phenomenal rate and it is expected to continue to grow at 25% compound annual growth rate till 2004. Companies in India offer high quality services at a low cost which is very attractive to big business.

The Labour Party launched its Small Business Strategy on the 15th May 2001. The goal is "...to make the UK the best place in the world to start and grow a business and to create an environment where Small and Medium Sized Enterprises (SME's) are the centre-piece of an increasingly vibrant and successful British economy."

The Sunday Times Rich List 2001 has been compiled, and shows a dramatic reversal of fortune for many technology stars of the past few years, and also highlights the extraordinary wealth generated from recruitment services!

Responding to a parliamentary question from Sir Patrick Cormack on Monday, the government has revealed how many foreign IT specialists were granted work permits during 2000.

We received an email from one of our visitors which suggests that the recently announced 'fast track' visa policy is already paying dividends for this Government.

The Federation of Small Businesses (FSB) is challenging the Government to clarify the status of the self employed by publishing its own 'White Paper' setting out proposals for a guarantee of rights for the sector.

The Sunday Times has published its latest Fast Track 100 survey. The list contains a large number of recruitment related entries, led by Dataworkforce, a telecoms agency which has seen sales increase from £0.3m to £20m between 1996 and 1999.

As part of the Government's drive to solve to skills shortage problem in the UK, the E-Commerce Minister, Patricia Hewitt, spent last week in India publicising the new "fast-track" permit scheme.

An article in Monday's 'Daily Mail' has caused a stir within the contracting industry. The article 'firms fear plan to boost rights of the self-employed' by Darren Behar reveals new government proposals to give 'contract workers' stronger legal rights.

Following a recent poll by news provider silicon.com in which it was revealled that two thirds of all IT people surveyed worried about getting work after the age of 45, the government has conceded that legislation may be required to tackle age discrimination in the IT industry.

The Institute of Chartered Accountants have issued a press release detailing the dramatic rise in the costs of 'red tape' to small businesses in the UK.

The U.S Senate has passed legislation to issue 600,000 visas for skilled foreigners who temporarily fill specialised U.S jobs, largely in the high-technology industry. The legislation is certain to receive Presidential approval shortly. The bill was approved by the Senate by an overwheming 96-1 majority.

Over half our visitors charge at least £40 per hour (26% charge £50 or more per hour). The average commission charged (where known) is approximately 15%.

Following on from the recent announcement of a pilot scheme to attact overseas 'entrepreneurs'. Barbara Roche yesterday called for an honest debate on the benefits of 'managed migration' to help address the nation's growing skills gap.

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