Rethink: Improving Economy driving higher niche Contractor rates

Michael Bennett, a Director of ReThink Recruitment said that \”We have recently been placing candidates on Solvency II projects – a new regulatory requirement for insurers – on £900 a day, a pay rise of up to 50% in some cases. We are anticipating demand for candidates with these – as well as other niche skills including experience in multi-channel and e-commerce IT projects – to continue to accelerate throughout 2011.\”

Recently a Director of IT Recruitment at Networkers International said that “Our business has been fuelled by the financial markets by both the banking industry and insurance as well. We have been doing a lot of recruitment for those kinds of organisations. New projects are kicking off at the banks. In 2009, with the state of the economy, a lot of cuts were made but going into 2010 and now a lot of the banks and insurance houses have started new projects which they haven’t done for the last three or four years. Overall, we see continuation of steady growth for contract and permanent staff. The demand for permanent staff remains high and is higher than contract staff. Due to the lack of skills in the permanent market, there will be a shift in terms of growth on the contract front. As clients cannot find those permanent workers, they will get contractors in to work on a shorter-term basis or a project basis.

Commonwealth Contractors

At Commonwealth Contractors we partner with OISC Registered Private Immigration Firms and Tier 2 Licensed Healthcare and IT Consultancies who may be prepared, where required, to sponsor an individual on a Tier 2 Visa (formerly UK Work Permit). If you are a highly skilled International professional and you would like to work in the UK Commonwealth Contractors can help. Our OISC Registered Partners specialise in Tier 1 General (formerly Highly Skilled Migrant Programme) visa applications and can assist those highly skilled individuals that either wish to apply or extend a Tier 1 General Visa.

For more Information call Commonwealth Contractors now on 0330 390 9021 or Submit your Details and we will get right back to you. Please see other areas of the Commonwealth Contractors site for interesting articles on tax, immigration and contracting.