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Continued optimism among finance contractors
by Susie Hughes at 11:26 19/02/14 (News on Business)
Finance contractors expect their rates to rise for the third year in a row according to a report by umbrella provider, giant group.
In results from the organisation’s latest survey, 66 per cent of respondents expect an increase in earnings over the next 12 months. This represents a growth of six per cent from 2012 and 12 per cent from 2011 when 54 per cent predicted an increase in pay and reflects the increasingly optimistic outlook for contractors within the finance sector.

In other positive findings, the percentage of contractors reporting an average gap of 0-31 days between assignments has also risen for the third year in a row (80 per cent) representing a four per cent increase from both 2011 and 2012.

In comparison, those noting an average gap of 90 days or above between assignments stands at eight per cent, the lowest figure for the past two years. This highlights the improving nature of the market and the growing number of opportunities available to contractors in the finance sector.

Managing Director of giant group, Matthew Brown said: “The results paint a positive picture for finance contractors. We’re seeing growth in almost every area and particularly promising is the rise in expected earnings for the third year in a row. The drop in individuals experiencing a gap of 90 days or above between assignments is also very optimistic and indicates the ever-increasing number of opportunities available to these professionals. This is also highlighted by the fact the number of contractors experiencing an average gap of between 0-31 days has grown for the third year in a row.”


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