Contractor rates remain stable

Date: 13th August 2010

Sole traders working in the UK could be among those to benefit from stability in rates over the next quarter.

The latest Contingent Workforce Rate Card report by Alexander Mann Solutions has revealed that rates are to remain stable in the majority of industries and rise in others over the next three months.

According to the firm, it is the first time in over a year that the report has not signalled a rate drop in any industry.

Matthew Rodger, director of contingent workforce solutions at Alexander Mann, said: "With no drop in rates for the first time in over a year, the signs are that the contingent workforce recruitment market is now finding its feet once again after a number of difficult quarters.

"This is clearly good news for flexible workers and, while some elements of the market are still unpredictable, the indications are that this will mark the start of a more stable period for contingent workforce recruitment."

Posted by Thomas Fletcher