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Job security more important than pay for IT contractors

Job security more important than pay for IT contractors

IT contractors are increasingly opting for long term contracts rather than those with higher pay, according to recent research by professional umbrella employment provider, giant group.

A huge 69% of respondents surveyed from March – May 2013 said that they would prefer a longer contract rather than higher per hour payment, up from 60% in the same period last year and 5% from the beginning of the year.

On top of this, when asked what would attract them most to a contract, only 37% of those surveyed ranked income as the most important factor, a decrease of 5% from the previous survey. Interestingly, only 13% of respondents felt that income was the least important consideration, whereas other indicators – such as security (19%) and work life balance (17%) – were deemed to be important. 

Matthew Brown, Managing Director of giant, said: “The results suggest that IT contractors are recognising the benefits of greater job security and quality rather than simply more money in the short term. We’re actually seeing a slight drop in the length of time between contract assignments which is reflective of these changing priorities, and we expect the number of contractors opting for longer projects over higher per hour payment to further increase throughout 2013.”

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