Contractor Demand in Europe Remains Steady in Q4 2015

Posted by Joann Hoxha on Oct 9, 2015 8:00:00 AM

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The Oxford Index for Europe for Q4 2015 is 110, 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 Q4 2015 are based on 163 managers’ responses from across Europe.

Our survey revealed the following for Q4 2015:

  • 21 percent of our respondents expect an increase in their use of IT, software/hardware, or regulatory and compliance contractors to increase, while 11 percent anticipate a decrease in demand. 
  • 58 percent anticipate no change in their use of freelance software and hardware contractors in Europe, while the remaining 10 percent are unsure.
  • By area of specialty, the greatest anticipated increase in demand is highest for software/hardware contractors (120), followed by IT contractors (109), then regulatory & compliance contractors (103).
  • Validation, a regulatory & compliance skill, suggests the strongest contractor demand in Q4 2015, despite the overall specialty having the lowest Oxford Index score among the three specialties, as shown in the graph below.

Europe_Skill_Demand_Q4_2015

By country, The Oxford Index for Europe shows the strongest anticipated increase in demand in the Netherlands and the U.K. (both at 140), followed by Denmark (114), Belgium (113), and Germany (111). Demand for contractors in Switzerland and Ireland is anticipated to decrease in Q4 2015.

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_Demand_Q4_2015

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