More than 70% of UK contractors are using recruitment agencies and jobs board to find new employment opportunities. That’s according to new research undertaken by FPS Group, the Umbrella Company administrator for Contractors, and ContractJobs.com, the jobs board for freelance professionals. The survey found that more than 42% of contractors secured their current position through a recruitment agency. However, a significant 30% of respondents indicated that they used friends and family to get to their last role.
But contractors are leaving it late to find their next role, with over 80% of respondents not making any plans until the last two months of their contracts. Of those, 15% only start the search once they are out of work are already out of work and 36% start looking for alternative positions within their last month of work.
60-65 year olds are the most prepared in the search for their next contracting role, with 48% of respondents in this category starting to look for alternative positions over two months before their current job role ends.
Matt Huddleston, Chief Financial Officer, FPS Group said: “The results show that recruitment agencies are still the first port of call for contractors looking for a new position. But worryingly contractors are taking risks in securing their next role by leaving their search until the last minute.
“It comes as little surprise that the over 60s plan the furthest ahead when looking for their next position. A competitive jobs market and tough economic conditions have meant that over 60s are being savvy in the fight for sought after contracting positions, and therefore ensure they are looking well in advance of their current contract’s end.”
Note to editors:
Results are based on a FPS Group and ContractJobs.com survey of 1605 contractors nationwide.
Freelance Professional Services Ltd (FPS) is the only PAYE umbrella administration company to the contractor and freelance community that offers complete safety of client monies, a fully regulated service, and market leading levels of customer service and support. With over 17 years of experience, FPS has more than 99.6% customer service satisfaction. FPS is the only company which uses Personal Service Umbrella companies, where an individual company is created for each worker. The unique FPS Honeycomb principle protects workers against substantive claims by other workers or agencies as their money is ring fenced in their own company. FPS is focused on compliance and is the only umbrella administration company that is regulated by the FSC, which cooperates fully with the FSA, and protects client monies in regulated accounts.
Freelance Professional Service Limited is regulated by the Isle of Man Financial Supervision Commission.
Issued by Flagship Consulting
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