“Goldilocks effect” triggers surge in contracting popularity

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A perfect balance of market conditions has helped contracting jump in popularity.

Data from the Association of Professional Staffing Companies (APSCo) reveals that the so-called “Goldilocks” effect has contributed to a 3% increase in the number of contract and temporary job opportunities. Media and marketing roles saw a particularly impressive growth rate of 9%.

APSCo’s findings indicate that businesses are increasingly seeking professional contractors to take on specialist projects, and will continue to do so.

This positive outlook was backed up by research from the Interim Management Association (IMA), which found that the use of interims has increased by 93% since 2006 – with 16,000 senior managers now working in the UK.

Ann Swain, APSCo’s chief executive, said: “We have long witnessed a shifting tide towards a professional flexible workforce, so it is unsurprising that the IMA predicts that the interim sector is tipped to become a £2 billion market in 2015.

“Organisations are increasingly turning to professional contractors when bringing on board senior talent as a means of harnessing first-rate skills and experience, without the associated permanent headcount costs.”

Finance and accounting roles have shown the most growth within the permanent jobs market, advancing 11% year on year according to APSCo. Recruitment firm Astbury Marsden, meanwhile, found that the number of financial services jobs in London jumped by more than a third last month.

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