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Contractor boom boosts Parasols business

The company says last week was its strongest in terms of joiner numbers since April 2010.

It attributed the spike in contractor employee registrations to recent signs of an economic recovery, and a subsequent increase in confidence amongst would-be contractors.

Growing demand for skilled contractors amongst recruiters and hirers across all sectors – particularly engineering, digital / creative and life sciences – was also cited as a key factor.

Career contractors and freelancers who join Parasol become employees of the company, entitling them to a contract of employment and a wide range of rights and benefits – including a guaranteed 336 hours of work every year.

Derek Kelly, managing director at Parasol, said: “Market conditions within the contractor recruitment supply chain certainly seem to be improving as the wider economy picks up.

“New-found optimism regarding the state of the economy is encouraging professionals in a wide range of sectors to make the leap into freelancing and contracting. 

“Those who have joined our ranks of contractor employees in recent weeks and months have found a contract-rich environment waiting for them.

“This in turn is giving them the confidence that they can succeed as a career contractor. As they report back to their friends, contacts and associates, these people are also encouraged to give contracting a go.

“This creates a positive cycle that goes some way to explain the recent surge we have seen in contractor employee registrations.”

The company has employed more than 70,000 skilled, professional career contractors since its launch 13 years ago.



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