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Nearly 40% of contractors are turning to recruitment agencies to secure their next job, according to research from SJD Accountancy, a firm specialising in accountancy for contractors. Contractors are working longer, estimated between 13-15% longer, and with higher rates of pay and better work/life balance, they remain positive about the economic climate.
Of those surveyed in the report, 38% responded that recruitment agencies were the most popular way of finding their next contract, an increase of +2% compared with a year ago. Industry networking was the second most popular method with 22%, followed by going directly to the employer with 19%. Other methods of securing work included LinkedIn, job boards, and by recommendations.
Despite their positive outlook, securing the next project in a competitive market remains challenging. As a result, contractors rate recruitment agencies that have hands-on experience in the consulting and corporate environments, as the preferred method of finding their next project.
Claire Johnson, managing director at SJD Accountancy comments, “Recruiters can hold the key to many undisclosed projects and have connections that not only get a contractor in the door but also gain valuable feedback either positive or negative about the person they are placing. Ultimately they have the same goal, to ensure the contractor is the perfect fit and that they are getting the ideal role.”
IT continues to dominate the contractor segment, with 47% of respondents working in this field. Finance proved second most popular with 20%, followed by work in oil & gas with 5%. Higher rates of pay was listed as the most enjoyable factor of being a contractor by 88%, up +4% from last year. 91% of contractors surveyed felt positive about being a contractor.
For more information, and to open the survey’s infographic, please click the link below.