New research has revealed that freelancers are leaving it late when it comes to actively finding their next contract.
The report, which has been carried out by FBS Group, found that worryingly many contractors are leaving it late to find their next job, as 80 per cent were found to have not made any plans until the last two months of their contracts.
Of the 1,600 contractors surveyed, 15 per cent only start searching once they are already out of work and 36 per cent start looking for alternative positions within their last month of work.
Out of the respondents, it was the 60-65-year-olds that were found to be the most prepared in the search for their next job, with 48 per cent of this age range starting to look for alternative positions over two months before their current job role ends.
Matt Huddleston, Chief Financial Officer, FPS Group said, “It comes as little surprise that the over 60s plan the furthest ahead when looking for their next position.
“A competitive jobs market and tough economic conditions have meant that over 60s are being savvy in the fight for sought after contracting positions, and therefore ensure they are looking well in advance of their current contract’s end.”
The same report also found that 68 per cent of contractors were motivated to work as a freelancer because of the flexibility and choice, rather than through economic necessity.
Mr Huddleston added, “Using contractors is very good for the UK economy as it allows companies to flex, bringing is specific skills as and when they need to.”
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SJD Accountancy – who has written 388 posts on SJD Accountancy Blog.
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