New research data released by Adecco Group suggests that IT contractors will be more in demand than permanent IT staff throughout 2010. The authors of the report commented: “It’s almost certain that the worst is now behind us and that, after battering down the hatches in 2009, [IT] contractors can look forward to a better 2010 and 2011”.
The authors also referred to another study which has been conducted by ReThink Recruitment. This research suggested that rate cuts will only affect 5% of IT contractors this year. Those likely to be affected by rate cuts include contractors skilled in Prince, Windows 2000, Exchange, VPN and Coldfusion if recent activity in these skills sets are any indication. Meanwhile, those skilled in Tibco, Bluetooth and RDBMS are currently in high demand.
The research released yesterday also showed that most IT contractors experienced their take home pay falling below £40,000 during 2009 despite IT salaries actually increasing by an average of 10% during this time.
Adecco stated: “This is not because nearly half of IT contractors earn less than £800 a week, but because many of them have had periods out of work or between contracts.”
Also, last year the highest earning contractors with earnings of over £70,000 became considerably more elite with only 17% of all IT contractors achieving these earnings in contrast to 35% back in 2008.
Any expected increase in job opportunities for IT contractors, however, must take into account the expected cuts in public spending irrespective of which political party wins power in next month’s general election.