Contractor Demand in Europe Remains Steady in Q1 2016

Posted by Joann Hoxha on Jan 25, 2016 5:00:00 AM

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The Oxford Index for Europe for Q1 2016 is 106, suggesting continued demand for IT, software/hardware, and regulatory and compliance contractors in Europe.

The Oxford Index is a quarterly survey of projected demand for freelance contractors in Europe conducted by Oxford Global Resources. Oxford Index values above 100 suggest an increase in demand for contractors, and values below 100 suggest a decrease in demand.

Results of our study for Q1 2016 are based on 133 managers’ responses from across Europe.

Our survey revealed the following for Q1 2016:

  • 19 percent of our respondents expect an increase in their use of IT, software/hardware, or regulatory and compliance contractors to increase, while 13 percent anticipate a decrease. 
  • 54 percent anticipate no change in their use of freelance contractors in Europe, while the remaining 14 percent are unsure.
  • By area of specialty, the greatest anticipated increase in demand is highest for regulatory & compliance contractors (110), followed by IT contractors (106).
  • Regulatory affairs reflects the strongest contractor skill in demand in Q1 2016, as shown in the graph below.

Europe_skill_contractor_demand_Q1_2016.png

By country, The Oxford Index for Europe shows the strongest anticipated increase in Norway (133) and Denmark (123), followed by Sweden (117), Austria (114), and the Netherlands (113). Demand for contractors in Germany and Belgium is expected to decrease in Q1 2016.

By company size, the mid to large-sized companies are suggesting the strongest increase in demand, as shown in the graph below.

Europe_company_size_contractor_demand_Q1_2016.png

For the full report of the latest freelance contractor demand trends in Europe, download a copy of The Oxford Index for Europe.

The Oxford Index for Contractors in Europe

Topics: Oxford Index, Europe