According to the latest set of figures by Jobsadwatch, there were over 25% more non-permanent IT contracts available during October, November and December of 2011 than at the same time last year. This growth was led by software development houses and by financial institutions, with an increase of 5.1% over the previous quarter. This is significantly more than the same figures for permanent staff, which grew at just 1.5% in the same time frame. In fact, non-permanent IT staff were in higher demand than their permanent equivalents in six out of the seven business sectors which Jobsadwatch monitors.
Executive director of Computer People Sid Barnes commented, “Contract employment has fared better in 2011. We have seen this pattern for two main reasons. Firstly, there has been an increase in the number of candidates opting to contract as a lifestyle choice providing them with flexibility in the hopes of gaining better work life balance. Secondly, hiring managers are more inclined to bring on contractors as they are not a fixed cost and are usually budgeted for within project line budgets.” He added that a further benefit of working with contract IT staff is that employers gain ‘experience in change and project management’ both of which are highly sought after at the moment.
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