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Contractors are getting nervous about job security as redundancies surge
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Job security fears affect more than half of IT contractors

Redundancies bring big worries for workers on the supply side

Janie Davies, Computing 19 Aug 2008
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Fears over job security are affecting more than 50 per cent of IT contractors compared with just one in 10 six months ago.

More than half of contractors said they are concerned about job security, compared with just 12 per cent in February, as redundancies increase 20 per cent across the sector.

One in three IT companies are making job cuts, according to the research, but 52 per cent of respondents still felt that IT offered greater job security than other industries.

Gary Ashworth, executive chairman at Interquest which ran the survey, said: “Despite the economic doom and gloom of the past year as other industries fell victim to job cuts and declining profits, IT remained resilient."

“IT has been one of the last fields to be affected this time, meaning it will be one of the first areas to pick up again when the economy revives. No sector is immune from economic fluctuation, but any downturn in IT is only likely to be temporary, because IT companies simply cannot survive without it."

The firm questioned more than 100 UK IT contractors.

See also:

job adsNew research shows nearly 200 IT executives left the UK to find employment abroad last year  14 Aug 2008
pound coinsFirms struggling to recruit permanent staff as IT professionals turn to contract work for better pay  11 Aug 2008
graduatesRecruitment agency draws criticism for advising graduates to avoid talking about salaries  07 Aug 2008
Indian streetJunior IT jobs have been pushed down by outsourcing, but a rise in Indian salaries is imminent, says ATSCo  21 May 2008
userUse of consumer technology at work is on the up, writes Angelica Mari  28 Feb 2008

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