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Public Sector IT boost for contractors Says Giant Group

Public Sector IT boost for contractors Says Giant Group

•             Support Services expected to provide most new jobs in IT

•             Financial Services IT slump continues as demand for contractors falls

IT contractors are increasingly confident about potential job opportunities in the public sector, according to giant group, the professional umbrella employment provider.

15% of IT contractors expect the public sector to be the source of the most new jobs over the next twelve months, up from 9% in 2011 and just 6% in 2010.

Public sector cuts have led to increased demand for IT contractors as managers seek external help to improve efficiency and make up for reductions in permanent headcounts, explains giant.

Matthew Brown, Managing Director of giant, comments: “The public sector cuts of the last two years have placed pressure on managers to increase efficiency and make savings as well as find ways to replace the skills and experience of departing staff.”

“This has created plenty of fresh opportunities for IT contractors. Demand for new IT investment has blossomed as managers hunt for efficiencies, while IT contractors are needed to plug holes in staffing capabilities and implement these new IT systems.”

IT contractors surveyed by giant were most confident about opportunities in the support services sector, with 26% saying they expected this sector to produce the most new jobs over the next 12 months. This is up from 22% a year ago and 19% in 2010.

However, giant says that IT contractors are less optimistic about job opportunities in the financial services.

19% of contractors surveyed believe this sector will create the most new jobs over the next 12 months, down on the 23% who felt the same this time last year, and significantly down on the 35% who were most confident about the sector in 2010.

Matthew Brown says: “The financial services sector has continued to experience a tough time in 2012 as the UK entered a double-dip recession and financial services continue to suffer from the aftermath of the banking crisis. This has limited the demand for new IT contractor roles.”


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