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UK – Engineering contractor confidence on the rise

14 October 2013

Confidence within the engineering contractor community is on the rise, according to professional employment provider, giant group. In its latest survey giant found that 26% of respondents felt more secure in their role as a contractor compared to this time last year, with only a minority feeling less confident.

The professional employment provider also noted a decrease in the number of days between assignments. Overall, the majority of respondents recorded a gap of 31 days or less, while those reporting over 91 days has halved compared to the 2011 statistics.

This is in line with the latest report from the REC, which highlighted a rise in the need for contractors. Not only did the REC note a near-record high of contractor demand in September, but it also found that engineering professionals in particular were highly sought after.

However, while confidence and job opportunities are on the rise, monetary rewards are yet to catch up. Only 8% of respondents had received a completion bonus and, of those who had, more than half noted a decrease of value compared to the previous year.

Matthew Brown, Managing Director of giant group commented, “We’ve noted a real trend of positivity in our latest surveys that is highly encouraging for both contractors and recruitment agencies. As demand for experts continues to grow we expect to see more organisations making the most of the specialist contractor skills to fill the engineering job gaps.”

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