contractjobs.com’s in-house article writers contribute to the contractor news section of the site daily, making contractjobs.com the most reliable online contracting news source
(PRWEB UK) 11 October 2011
With the regulation still very much in early development, it is vital that contractors keep on top of the changes that the legislation will bring and how it will affect them as self-employed professionals.
Contractjobs.com’s (http://www.contractjobs.com/) extensive knowledge of the contract and recruitment industry has enabled the site to not only offer the latest contract jobs in the market, but act as portal where freelancers can read the latest news surrounding their industry sector and the latest information concerning the contractor market. contractjobs.com’s in-house article writers contribute to the contractor news section of the site daily, making contractjobs.com the most reliable online contracting news source, offering the latest AWR news whilst the UK adjusts to the coming changes.
Law firm Allen & Overy released a report just prior to AWR taking full effect. The report has anticipated that over 33% of businesses may terminate contracts before the 12 week period in order to save costs. This response was particularly evident from small and medium sized businesses which may come as a surprise to the recruitment industry. Small and start-up companies have often relied upon contractors and temporary staff in order to stay afloat.
Employment partner of Allen & Overy Stefan Martin stated: “The advantages of using a flexible workforce during the current economic climate will be compromised as employers feel the burden of additional rules and regulations…While businesses will undoubtedly continue to use agency workers, this will result in increased costs. Rather than strengthening their rights, this may actually make the position of agency workers much more uncertain, exposing them to early termination of contracts.”
If the report is to be proven accurate, many highly skilled contractors may see their average contract time period significantly decrease. Although this may not have a direct effect upon their daily rates, it may be limiting to the overall nature of UK contract jobs. For example, IT and actuary contractors have been in high demand lately with many freelance professionals being offered massive bonuses on top of competitive daily rates in exchange for 6 month contracts. Factors such as AWR may disrupt progressive employment for contractors, limiting them to shorter contracts and less pay.
These negative effects upon contractors may not even surface, however, contractjobs.com believes that offering contractors transparent advice and information is the only way that freelance professionals can stay ahead in their careers.
As well as offering the latest, un-biased news concerning AWR and other key issues surrounding the contractor market, contractjobs.com is pleased to announce that the site is now working closely with The Contractor Lounge on LinkedIn.
The Contractor Lounge has just reached 7,500 members and is growing by around 100 new members each week.
With contractors and freelance professionals from every industry sector in one place, The Contractor Lounge is the perfect platform for industry professionals to share experiences, discuss business and gain the latest news surrounding the contractor market.
Contracting professionals, entrepreneurs and recruitment specialists from around the UK are in discussion right now using The Contractor Lounge (http://www.linkedin.com/groups?home=&gid=3907670&trk=anet_ug_hm) concerning a range of subjects. From business deals to new contracts, to the latest technology releases, The Contractor Lounge accommodates all contractor needs as well as bringing together some of the best contractors in the UK and across the world.
Contractjobs.com is constantly looking for ways to improve upon their innovative services and their collaboration with The Contractor Lounge is just one of them. The site plans to improve upon their current interactive services as well as remaining the number one news source for contractors and freelance professionals.