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Contracting opportunities dip - but finance sector remains buoyant

by Susie Hughes at 11:33 26/09/16 (News on Business)

Following a steady increase in demand pre-Brexit, temporary and contract vacancies dipped across the professional staffing market in August as they did in July, with opportunities softening by two per cent year-on-year, according to new survey data from agency group APSCo.

Contract vacancies dip by two per cent Contract vacancies within financial services jump 16 per cent Engineering vacancies fall by eight per cent Permanent vacancies show 0.3 per cent growth year-on-year Average salaries rise by one per cent The clear exception is the finance and accounting sector where vacancies increased by 16 per cent in August. While this is most likely due to a reluctance to bring on board talent on a permanent basis until there is greater clarity around where Europe’s financial hub will sit post Article 50, APSCo data also shows that permanent vacancies within financial services increased by five year-on-year which indicates long-term market confidence. Advertisement Adam Pode, Director of Research for Staffing Industry Analysts, which compiles the report for APSCo, said: “Employers are taking a pause for breath. Their immediate concerns about Brexit have not materialised but many employers especially those headquartered outside the UK are starting to consider their options. "Concerns are also being raised in some quarters about HMRC’s legislation due to come into force in April 2017 regulating freelancers. In general we are also seeing a trend to look at other forms of employment including self-employment and statements of work. What impact this will have on the marketplace is not clear yet.” Tweet -- If you wish to comment on this article, please log in and use the Reply button below. Registering is free and easy - see 'Join Shout99'. - Susie Hughes © Shout99 2016

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