One of the top challenges facing recruitment professionals in today’s competitive market is how to retain margins. Temp and contract desks gross profit as a % of sales remains under pressure and has put immense pressure on cash flow.
What can you do to retain margins and improve your cash flow?
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Contracting can be a scary word for some people; thoughts of job insecurity, remaining compliant at all times, loads of paperwork, and a lack of company benefits can be off-putting for those looking for work. However, contracting has distinct advantages that should not be overlooked by those on the job hunt, such as increased job flexibility, more earning potential, and greater control over finances. So read on, and perhaps you will be motivated to take the plunge into the exciting world of contracting!
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Recent data shows the IT employment sector has continued to strengthen from the past quarter, with an increase in both contracting and permanent vacancies, indicating a strong improving market.
The latest Peoplebank ICT Salary & Employment Index shows contract roles rose by +7% and permanent vacancies were up by +39% between the second quarter (April to June 2014) and the third quarter (July to September).
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