It has been revealed in a report from the Bank of Scotland that Umbrella Company Employees are currently in demand in Scotland in fields such as IT, engineering and construction.
The Report on Jobs also indicates a possible skills shortage in Scotland, as there are currently some difficulties in hiring engineers and technicians in some areas. The rate of growth in Scotland slowed last month and was seen to fall below average in some industries; however, vacancies in construction and engineering reached a two and a half year high. This indicates that there is currently recovery in the Scottish economy.
This positive news is only part of the story, however. Contracting vacancies have increased but billings are constant, indicating a skills shortage. The city of Dundee saw the country’s highest levels of contractor hiring. Aberdeen – the country’s oil and gas centre – saw a reduction in the availability of contractors.
The chief economist of the Bank of Scotland, Donald MacRae, was positive about the report’s findings. There was also a growth in demand for those working in the financial and accounting sectors, even though this demand was far lower than in other industries. The report pointed out that this particular increase in demand was not as good as had been hoped for.
The report also indicated that the Labour Market Barometer of the Bank of Scotland was at 60.0, which is higher than the 59.7 seen in August. This is one of the sharpest growth rates seen over the last six years.