October Contractor News Round Up

Your monthly round-up of October’s top contractor news.

The intention to hire contractors has doubled over the last year and trebled in the last two.

A study by the Recruitment and Employment Confederation has shown that clients’ intention to hire contractors had doubled over the last two years as well as 36% of them admitting that they planned to increase their use of contractors over the next three months. Not only that, but another third said they planned to increase their work with contractors over a 4-12 month timescale. Read more…

The number of British women freelancers has grown by a fifth over the last four years.

More great news in the growth of the contracting and freelance sector. The latest statistics show that there are 21% more female sole traders than there were back in 2008. Last year stats showed that 31% of all sole traders were women and Middlesex saw the highest rise (23%) in growth. Read more…

The outlook is positive for the construction industry.

In the UK construction industry, a number of limited companies are reporting they have increased orders and profit margins. These improvements in the market mean that firms are looking for ways to expand their business – whether that means adding new locations or branching out into new sectors like power and energy. Read more…

Contractor demand across Scotland is polarising.

IT, engineering and construction industries are surging well ahead of other contracting disciplines. All the signs of a contracting skills crisis are showing, as clients and recruiters are struggling to hire engineers and technicians. This news comes from the Bank of Scotland’s report on Jobs which highlights that growth is strong although the rate of growth slowed in the month of September, and in some sectors it dipped below the national average. Read more…

Contractors could be among the small businesses losing billions every year as a result of simple mistakes.

The study by Exact shows that as many as 1 in 5 small firms may have forgotten to invoice a client for goods or services more than once. This suggests that that some of these small companies could be hindering their success with inefficient internal processes. A quarter of these small businesses said they had forgotten to invoice for a job worth anything between £500 and £1000. Read more

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