New research shows that highly-skilled, professional contract workers can command impressive fees and the demand for such workers in on the rise. For example, the average monthly invoice per contractor in the IT and Engineering sector increased to €6,484 for the month of December 2011. This equates to an annual rate of €77,808.
Roles for professional contractors also increased in 2011. IT contracting jobs increased by 8% and engineering contracting roles increased by 30% from a very low base. At a time of high unemployment and poor job security, more and more professionals are finding that contract work is a viable long term option.
“We are seeing a steep rise in the level of contract work available in Ireland, particularly in manufacturing, light industrial and pharmaceutical sectors as many companies are not in a position to increase their permanent headcount but can offer contract work. These contracts are frequently extended. We are predicting a sharp growth in this trend in 2012,” says Anne Fanthom, managing director, Recruitment Plus.
The research, conducted by CXC Consultants Exchange (accountant providers for professional contract workers), points to an increasing demand for skilled contract workers from large multinationals.
“The contracting market is driven by the multinational companies,” says Fergal Lennon, managing director of CXC. “Contracting is a long term lifestyle that allows a professional to have career control and flexibility as well as a premium salary.”

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