There is increasingly high demand for contractors working in the finance and IT sectors, a new guide from Morgan McKinley has confirmed.

Morgan McKinley’s UK Salary Guide 2016 has said that, despite a turbulent economic climate, solid demand exists for skilled contractors in these areas, especially those with niche skills.

Rising concerns over cybersecurity have led to an increase in demand for contractors with online security expertise and troubleshooting knowledge, as well as for experts in regulatory disciplines including compliance.

"Consultancies are now increasingly offering onsite managed services and can command fees of up to £2,000 per day for an experienced IT security troubleshooter," said Morgan McKinley's report.

Morgan McKinley said that there was a marked uptick in permanent employees considering contract opportunities, such was the level of opportunity out there at present: “Organisations are also working hard to retain their contractors by imposing 12-month tenures so to offer longevity in their position.”

Recent related research from Tech Partnership suggested a 3.2 per cent rate of employment growth across the technology sectors between now and 2025, compared to a suggested 7.3 per cent rise for the workforce as a whole.

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