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Majority of IT contractors are expecting pay rise

Published: Wednesday, 09 January 2008   Category: Science, IT and Engineering

Over 60 per cent of IT contractors in the UK expect to get a pay rise of between five and ten per cent this year, despite almost half of them believing that the market for their services will remain at a standstill, according to a report.

Research, from JSA, shows that 32 per cent of workers in the sector believe that they will receive a pay rise of at least ten per cent in 2008, providing good news for students looking to start their careers with graduate IT jobs.

Just 20 per cent of contractors who responded to the survey wanted to return to full time PAYE employment.

Barry Roback, chief executive of JSA, said: "Despite the government's ambivalent attitude to IT contractors and its inability to understand that for most contractors, freelancing is a positive lifestyle choice, there is plenty of evidence here that most IT contractors are self-confident positive people who enjoy the freedom and flexibility that contracting gives them."

JSA is a firm of professional chartered accountants which is regulated by the Institute of Chartered Accountants in England and Wales.

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