IT Contractors Are Confident That Demand Is Set To Increase
In the next year, the financial services sector is expected to start hiring again which has led many IT contractors to the conclusion that this will have the effect of stimulating demand for IT contractors. Team leaders at investment banks were forced to let contractors go following the collapse of Lehman Brothers’ but these same team leaders are now being told to start hiring them again.
Some 22.1 per cent of the 779 professionals polled by contractor services provider Giant Group expect most of their contract opportunities to come from the financial sector. The numbers represent a 50 per cent rise in confidence on six months ago, when just 14.7 per cent of IT contractors expected to see any job openings within financial services.
Professionals working on a contract basis also expect their earnings to rise next year, says the study, with 61.4 per cent of those surveyed anticipating a pay rise in 2010. But money is not the only consideration for contractors, according to the research. Only 45 per cent of professionals said salary was their most important criteria when choosing a contract.
IT contractors appear to be less nervous about the prospect of being out of work and are focused on developing their skills within their next contract.
Filed under: Contractor News
