IT project managers buck lower hourly rate trend

IT project managers, data analysts and system architects are bucking the trend when it comes to reduced hourly rates for contractors.

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IT project managers, data analysts and system architects are bucking the trend when it comes to reduced hourly rates for contractors.

UK hourly IT contractor rates have declined overall, according to workforce and procurement analysis services firm IQNavigator.

IQNavigator said IT project managers have seen their hourly pay increase by almost £5 an hour, while data analysts and systems architects have seen rates increase 6 percent. On the other hand helpdesk support rates have declined ten percent.

Downward inflation trends from 4.2 per cent in December 2011 to 2.7 percent in October 2012 have helped reduce overall hourly rates, said IQNavigator, along with limited pay increases for full-time staff.

Part-time and temporary jobs are driving the increase in UK employment, according to the recent quarterly Office of National Statistics’ Labour Market Report, making up 74 percent of all new hires.

“Continuing economic uncertainty makes employers less willing to commit to permanent hires,” said John Martin, CEO of international markets for IQNavigator.

“As the economic climate improves employers will likely shift more of their hiring toward permanent jobs, but it also seems likely that increased reliance on part-time and temporary employees will be a more prominent component of the total workforce solution,” said Martin.

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