Posted by Jamie Curtis
IT contractors are faring much better in the jobs market than their full-time employed counterparts due to their flexibility when it comes to more challenging conditions, it has been claimed.
SThree reported in its half-year trading update that industries such as energy, resources and pharmaceuticals are currently increasing the number of IT workers they need and that this is offsetting the "weakness" recently seen in the banking and financial services sectors.
The recruitment firm also found that the average gross profit from pay rates remained high for the majority of contractors, but warned that the overall jobs market is "becoming more challenging."
Russell Clements, chief executive officer of SThree, said recently that difficult economic conditions at present are providing limited company contractors with a wealth of opportunities because firms are less keen to take on full-time staff and would rather use people on temporary contracts.
SThree also pointed to the fact that its profits are up by ten per cent as an indication that demand for contractors is still fledgling.