IT contractors attracting big salaries
Professionals, companies opting for more flexible arrangements
TechTrade | 09 Feb 2012 :
Despite companies being unwilling to take on permanenet staff, the tech sectuor is continuing to enjoy growth through short-term contracts, says a new study. According to research conducted by CXC Consultants Exchange, 2011 saw rates for professional contractors increase by an average of 11%, bringing the average monthly invoice per contractor in the IT and Engineering sector to €6,484. This equates to an annual rate of €77,808. The research also found that roles for professional contractors increased in 2011. The number of IT contracting roles also increased by 8%.
Anne Fanthom, managing director, Recruitment Plus (pictured), said: "We are seeing a steep rise in the level of contract work available in Ireland, particularly in manufacturing, light industrial and pharmaceutical sectors as many companies are not in aposition to increase their permanent headcount but can offer contract work. These contracts are frequently extended. We are predicting a sharp growth in this trend in 2012."
Fergal Lennon, managing director of CXC Consultants Exchange, said: "The contracting market is driven by the multinational companies. The flexibility and high quality of the contract workforce available in Ireland allow the Irish operations of multinational companies to compete effectively with other locations to bring projects to Ireland... Contracting is a long term lifestyle that allows a professional to have career control and flexibility as well as a premium salary."