More than 75% of UK contractors now favour longer contracts of six months or more, according to the 2024 Contractor Census* . This marks a shift from the traditional emphasis on flexibility, as economic pressures push contractors to prioritise job stability.
The survey, which gathered insights from more than 2,300 contractors across various industries, challenges the perception that contractors value short-term assignments or frequent role changes above all else. Instead, the findings highlight a clear preference for longer-term engagements. Nearly 23% of respondents specifically prefer placements lasting a year or longer, reflecting a growing demand for predictability and financial security.
The trend towards stability is further supported by contractors’ growing logistical preferences. For instance, 71% of respondents stated they are unwilling to travel more than 50 miles for work, signalling that predictability and convenience are becoming key priorities alongside longer contracts.
Alex Moore, sales operations director at Sapphire, commented: “These results challenge long-held assumptions about the contractor workforce. While flexibility may have historically been a primary appeal of contracting, today’s economic pressures have shifted priorities. Stability, through longer-term commitments, now takes precedence, offering financial predictability and security. Contractors want opportunities that align not just with their professional needs but also with realistic expectations for travel and day-to-day life.”
The findings from the Contractor Census reflect broader concerns about the UK economy. The rising cost-of-living crisis emerged as the top concern for 40% of contractors surveyed, while job security was highlighted by 17%. This economic backdrop is driving contractors to seek greater reassurance in their working arrangements, with longer contracts offering a buffer against inflation and slow wage growth.
Interestingly, the research suggests contractors are willing to sacrifice other aspects of their roles to secure this stability. Only 15% of respondents ranked client culture as a priority, while opportunities for career development – often a key driver in permanent roles – were cited by just 12%. In contrast, 87% of contractors now rank pay rates as their most important consideration, underscoring the financial pressures shaping decision-making.
*By Sapphire. The 2024 Contractor Census provides in-depth insights into contractor preferences, helping businesses and recruiters stay ahead in a rapidly changing landscape. For a comprehensive analysis of contractor trends and actionable insights, download the full report at https://wearesapphire.co.uk/contracting/contractor-census/.
