Contractors across the UK will be interested to hear the findings from an independent SJD Accountancy survey, which has released the results of its latest survey giving a unique insight into the contractor market.
SJD Accountancy, which is the chosen accountancy firm for more than 11,000 clients, surveyed over 1,000 contractors with 30 questions based on their personal experiences and views on the freelancing market.
It was found that the main things that freelancers enjoy about contracting are increased freedom and flexibility, as well as the higher rates of pay compared to a permanent employee.
In fact, over 80 per cent of the respondents said that they are now earning more than they were as a permanent worker and over one third are earning more than £500 a day, with almost another third earning between £400 and £500 a day.
Two thirds of those surveyed said they have seen rates increase, or at least remain the same.
Commenting on these findings, Simon Dolan Managing Director for SJD accountancy, said, “We were delighted to find that so many of our clients took the time to complete the survey, and we have been pleased to be able to pass the findings back to them, to help them feel more a part of the contractor community in which they work.
“The statistics we have gathered clearly show that the contracting industry is still doing well and that this way of life offers huge benefits for people who choose to step away from full time employment – preferring a more flexible and rewarding way of life instead.”
According to the SJD survey, it was also found that the majority of freelancers found their contract through Jobserve, the PCG (Professional Contractors Groups) website and Contractor UK.
Paul James, Head of Commercial Development at PCG responded to findings, which revealed that a quarter of respondents use PCG as their main source for industry news.
He said, “PCG works hard to keep the freelance and contractor sector up-to-date with authoritative news and analysis via our website. It’s always gratifying to hear that readers value our efforts.”