subject: More Job Vacancies For Umbrella Company Contractors [print this page] Contractors operating through an umbrella company solution will be please to hear that the jobs market is improving and the number of vacancies is on the up.
Despite 25% of public sector workers thinking they will lose their jobs, a spokesperson from jobsite confirmed that there has been an increase in vacancies across a number of different industries. This is good news for those that are facing redundancy, but it is also good news for contractors that depend on a continuous stream of work available from a number of clients.
Chancellor of the Exchequer, George Osborne has said the UK economy will grow by nearly 2% per year over the next five years. Reassuringly, the OBR has painted a similar picture for employment. It expects the unemployment rate to be 7.9% this year, falling to 6% by the end of this parliament.
Things arent as bad as some commentators predicted. The OBR states that it expects public sector losses to be less that first predicted; being 330,000 instead of 490,000.
Even with cuts within the public sector, there are opportunities for those made redundant to look into contracting and temporary work. UK PAYE umbrella companycontractors work on multiple assignments as opposed to working in full time employment. There are many benefits to working within the flexible workforce market such as; flexibility, gaining extra experience, tax advantages and also the lifestyle benefits. Moreover, some believe that a downturn can be the best time to setup a business and with the government offering financial support to those who have been out of work for some time, yet want to set their own business (e.g. Limited Company contractor) up, its yet another option to consider.
For further details, please contact Danbro on: 01253 600141,
