Demand for London contract business leaders increases 23% QoQ, Sonovate finds
Demand for contract and interim senior level positions in London is at a record high, according to new research from Sonovate.
The data, taken from vacancies advertised on 180 job boards and half a million employer websites, indicate that postings for these roles increased at a rate of 23% quarter-on-quarter (QoQ). Director-level vacancies saw 39% QoQ growth – with over 1,100 advertised roles in Q1 2016.
Richard Prime, co-CEO of Sonovate, commented, “Nobody needs to be told that London is a hotbed of British business, but the increase in advertisements for senior roles indicates that there’s a huge appetite for quality leadership in the capital.”
“Of course, because these advertisements are for contract positions, the research also suggests that quality leadership isn’t necessarily about the long-term anymore. More and more companies are onboarding senior staff to shepherd projects towards completion – or just to have a steady hand on the tiller in the midst of a storm.”
Sonovate revealed that London’s top three highest-paid contractor roles in Q1 2016 were head of programme management (£850 per day), strategy director (£750 per day), and senior change manager (£737 per day). At the lower end of the scale, programme director positions were advertised at a rate of £616.
Prime added, “That these roles are being advertised in high volume is interesting; that they’re being advertised at such competitive rates suggests that London enterprise is in fine shape. Companies want great contractors and great leaders – and they’re willing to pay very good money for them.”
London’s level of growth in this area is predicted to continue – and perhaps at an ever faster pace. Sonovate says the future looks bright for senior appointments contractors: combined management and director level vacancies are expected to increase 16% by July 2016 to 6,300 roles.