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UK – Fewer jobs for IT contractors after Olympics

18 March 2013

Opportunities for IT contractors in the retail sector have dipped following the Olympics, a survey by professional umbrella employment provider giant group showed on Monday. This found that retail contracts had almost halved after the summer when compared to the same period last year.

In contrast, financial services and the public sector have seen an increase in opportunities, with nearly a quarter of respondents (41%) currently working in these sectors.

“The Olympic and Paralympic games provided a fantastic opportunity for the UK economy in general, with retail being one of the biggest sectors to benefit. In order to support such an enormous project, we saw a huge demand for IT contractors,” said Matthew Brown, managing director of giant.

“With this event out of the way, there has been an expected drop in retail opportunities, but as is usually the case, there are other sectors where contract workers are in demand to complete finite projects,” said Mr Brown.

“For example, as budget constraints and regulatory issues impact financial services and the public sector, we’ve seen a rising need for I.T. contractors, something we expect will continue over the coming months.”

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