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Finance, accountancy contractors to see increased job growth

One recruitment firm announced that contractors working in the finance and accountancy sectors are likely to see increased job and growth in the next 12 months.

Around 43 per cent of contractor accountants working in the public sector expect to experience an increased number of job postings next year, according to the recruitment company’s survey. This is a marked improvement over 2011, when research figures indicated only 38 per cent of finance contractors expected the same.

The recruitment firm’s managing director, Matthew Brown, commented on the results, remarking that the coalition government’s plans to cut costs have created a large quantity of work for public sector finance teams, who now have to achieve deficit reduction goals by cutting public spending and managing costs in a more effective manner. The result has been that in-house teams are being supplemented by experienced contractors, as using interim workers can aid in finance management and lead to overall payroll savings better than hiring on more permanent workers, and Mr Brown added that these contract workers will be integral to the public sector’s goals of being as efficient as possible with its finances and controlling costs in an effective manner.

However, there are indications that it won’t be just larger financial firms utilising contract workers in greater numbers. In fact, the SME Capex Barometer from GE Capital indicated that small businesses could be creating as many as 450,000 new positions over the next year.

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