IT Monitor report reveals positive news for IT contractors

by SJD Accountancy on July 25, 2012

Latest research has revealed that the demand for skilled IT contractors remains high, with both salaries and vacancies on the rise for contractors working within this sector.

The recent IT Monitor report, which has been carried out by Computer People, describes the research as being ‘the most up-to-date and comprehensive salary information from across the IT industry, complete with this month’s vacancy trends and analysis’.

According to the report, the total number of vacancies among both permanent workers and contractors continues to rise, with developers, project managers and analysts currently being the most in demand professionals.

The findings have also shown that contract salaries in the technology field have increased by 0.43 per cent in May of this year, which is better compared to permanent workers’ figures, which only rose by 0.8 per cent.

The report also found that contractor’s salaries rose by 3.98 per cent year-on-year.

The IT Monitor report confirmed that development technologies are one of the most sought after skills from both permanent workers and freelancers.  This is because of companies’ ongoing needs to develop new products and update existing applications, in order to keep pace with the changing demands of their customers.

Computer People’s Brand Director, Niall Cook said, “The IT contract market has been in a state of rebuilding over the past quarter, with demand for quality candidates growing. This leads us to believe that the crystal ball gazing of an IT industry boom and overall buoyant sector may be materialising.

“Demand was high in Q1 but seems to have slowed in Q2 down 12% on the same period last year, however this was anticipated as many IT projects came to an early end in preparation of London 2012. What we are now seeing in the industry is a rebuild.”

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