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It’s looking positive for the Contracts market!

Talent Retention, Technology, Contract...

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We all know this year has been challenging, to say the least, but it’s definitely been a rollercoaster for the Contracts market. If you told me at the beginning of this year that IR35 would be postponed to 2021, we would be working remotely for most of the year and there would be hiring freezes, I would never have believed you. However, here we are, and although there is still uncertainty, many of us have adopted the ‘keep calm and carry on’ approach (which isn’t always easy with a toddler in the ‘office!’)

There is good news on the horizon for the Contracts market, though. According to new research by Coople, 27% of firms in the UK are reconsidering the role that contractors have in their business, meaning temporary work is set to surge. Currently one in six (15%) of firms rely on a flexible workforce with approximately 1.5 million contractors in the UK today.

Coople reported that the constantly shifting market conditions created by Covid-19 have encouraged a new reliance on contractors. This is music to our ears, right?

There is, however, work to do. 50% of management heads and HR leaders who currently hire contractors don’t understand the rights and benefits flexible workers are entitled to. The biggest gaps in knowledge were around pay and holiday with over a third believing contractors aren’t eligible for holiday pay and slightly fewer (30%) believing casual workers aren’t eligible for the minimum wage.

A survey conducted by Qdos highlighted that 75% of contractors do not have faith in their employer / client to determine IR35 status.

This is where Spinks can help. If you’re a hiring manager and want to find out more about how to hire and support your contractors, we’re happy to work with you and equip you with all the information you need to know beforehand. Whether it’s questions about the IR35 reform, hiring plans, an overview of the market – myself and the team can help you navigate through the fog and see the benefits of hiring skilled contractors in challenging times.

Keeping in touch with the Contracts market is so important to me and I’d be really grateful if you could complete a 5-min Contractor survey or Hiring Manager survey to share your insights on how these changes have affected you. 

To find out how Spinks can help you build your tech teams with skilled flexible workers, visit our Contracts page or drop me a message via the form below. I’m happy to help in any way I can.

Let’s keep the momentum going!

Rob Pestridge

Contracts Manager at Spinks

Form ID:5837

 

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