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Pay rates for temporary staff rises at the highest rate since 2007

Posted on by Yvonne McCumiskey

New research from the Recruitment and Employment Confederation and KPMG has revealed that the demand for contractors is now being reflected strongly in pay rates as they increase at the sharpest rate since November 2007.

Increases in demand have been recorded for both permanent and temporary staff, more so in the private sector. This change in pay rates is coupled with declining contractor availability as June saw the greatest decrease since March 1998. Permanent staff availability also saw a decline at a pace not seen since October 1997.

Findings at a glance:

  • Temporary staff billings rose at the greatest pace for five months
  • The Midlands are seeing the highest demand for contractors, with opportunities also increasing in the North of England
  • Temporary workers play a key role in the economy as they allow for flexible labour and skills on projects across the country
  • The engineering, blue collar and construction sectors are showing the greatest demand

Kevin Green, REC CEO, states that although June saw record growth in salaries it also saw the number of workers available to fill vacancies “plummet to an all-time low”. He continued: “companies must now look to improve their hiring procedures in an increasingly candidate driven market”.

What next?

At Simplyco we have been working with contractors, freelancers and interims since 1997. We have huge experience in accounting, payroll and tax and take the time to get to know your needs. Unless you are an expert these things can be confusing and time consuming. Because we understand that we are on a mission to make everything more straightforward. We keep everything jargon-free and make sure that you are always on the right side of the taxman.

Simplyco are expert contractor accountants and work to keep contractors updated about any news which may affect them. To enquire about our services, please give us a call on 01900 898 440 or email

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