Feeds

IT contractors cash in on earnings growth

That means more dosh

  • alert
  • submit to reddit

Intelligent flash storage arrays

IT contractors in the UK saw their earnings jump ten per cent last year following greater demand for their services.

Thanks to an increase in spending from the public sector, as well as companies spending more on their IT projects, it seem IT workers are quids in, according to a survey of one thousand contractors by accountants JSA Services.

It found that the average annualised contract value is now £56,540 compared with £49,882 a year ago, and that the average contract length has increased from 99 days to 109 days.

JSA services chief exec Barry Roback reckons the increase is down to a growth in spending on IT by large companies following the Y2K slump, and a rapid increase in public spending in the last two years.

"After the Millennium, many IT projects were put on hold," said Roback. "However, large companies could not afford to hold back on development for very long. Once one started to invest, the others had to restart their projects too, in case they lost their competitive edge."

While rates for contractors now appear to be on the up, Roback warns that double-digit may not be sustainable. He reckons that the "public spending bonanza" is likely to tail off after the General Election and that new EU legislation could make it harder for contractors to secure long-term contracts.

"It would be complacent to think that the future for IT contractors is entirely rosy, but there is no doubt that good times have returned, at least in the short-term," he said. ®

Related stories

UK tech jobs jump in Q4
IT contractors dream of fat futures
Public sector snaps up IT pros
Freelancers fret over tangle of EU red tape

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.