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Value of freelancers skyrockets, REC says

According to the Recruitment and Employment Confederation's latest jobs report, the value of freelancers has skyrocketed recently, indicating a massive sea change underway in the British workforce that spells very good news for contractors and freelance workers.

The newest iteration of the REC's monthly job report for April of this year has revealed a marked increase in not just freelancer placements but also in contractor pay. At the same time, recruitment of permanent workers dropped off. The REC feels that part of the upheaval is due to the new National Living Wage going into effect, while the upcoming Brexit referendum is likewise weighing heavily on the minds of British employees.

The British labour market is certainly unsettled at the moment, according to the REC's chief executive, Kevin Green. Employer behaviour is almost certainly being influenced by uncertainty and insecurity brought about by the possible Brexit and the NLW's impact, Mr Green added, which has encouraged a transition to temporary hiring from filling roles with permanent staff.

Truth be told, placements for contractors and freelancers rose rapidly last month, with agencies reporting billings for contract and temporary staff went up at the fastest rate in more than an entire year. Contractor vacancy rates went up more quickly than they did in march, though these vacancy increases do seem to be leveling off overall.

The nursing and medical care sectors seemed to exhibit the quickest growth so far, as the NHS seems to be finding it  struggle to fill permanent roles. This has led to demand for locum doctors and agency nurses to increase at a marked rate.

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