Demand for their skills in 2014 going beyond its highest level since 1998 hasn’t led to the same historical significance in the pay stakes, yet daily rates for IT contractors are up and will stay up into 2015, writes Dominic Trott, senior analyst at Pierre Audoin Consultants (PAC).
In fact, our database of UK IT services pay shows an average hike to daily rates of 1.2% this year, when compared to 2013. The database[1], which is populated by rates that were actually paid in the UK to IT contractors, can be used to make rate forecasts for next year. Once again, the percentage rise in question isn’t epic, but it’s safely away from going into the red and, if it’s accurate, it means that the average IT contractor should be even better paid in 2015 than in 2014.
The UK’s economic growth has played a part in this positive trajectory that IT contractors’ daily rates are going along. In short, expanding operations are additive to IT services requirements, thereby pushing up rates on the basis of supply and demand.
