What the Current State of the IT Contractor Market Means For Those in the Industry

  by    0   0

The market for IT contractors in 2017 remains strong if the candidate has the right skill set and the ability to handle the challenges of freelancing.

As we move into the first quarter of 2017, the prior year’s trends in the job market for IT contractors toward higher pay and increased demand for specialized skill sets continue to grow. IT contractors looking to ride this wave of high demand will benefit by capitalizing on the skill with data analytics or cyber security while they must continue to navigate the many challenges of freelancing.

IT Market

Entering the new year, the demand for IT contractors continues to center on those individuals with two particular skills sets: data analytics and cyber security. The need for data scientists is driven by the tendency of low-cost digital storage to allow businesses to accumulate data without understanding how to use that data to create business value. A skilled business intelligence analyst with experience in enterprise resource planning (ERP) can add value to an organization by helping the company reduce expenses or utilize their data to increase their customer base, and these potential drives demand IT contractors with this skill set.

Similarly, the need for cybersecurity experts continues to grow. Indeed, a report by the Center for Strategic and International Studies found that cyber security jobs paid as much as 10 percent more than related positions. Some skills within the cybersecurity umbrella are particularly in demand, including secure software development, intrusion detection, and attack mitigation. Much of the business need for cyber security contractors is driven by the fact that as many as three-quarters of companies in the United States feel that the government is taking small steps to protect against cyber security threats.

Regardless of their particular skill sets, all IT contractors face the difficulties of navigating the freelance market. Marketplaces for freelance talent continue to grow in popularity on the business side, providing increased options for IT contractors. Platforms like Upwork provide some benefits for IT freelancers, including payment facilitation, a rating system and project management capabilities. One Upwork contractor, Stephen Kidwell, was able to hit the $250,000 revenue mark last year and notes that Upwork’s clients are becoming more comfortable agreeing to end-to-end projects.

New IT contractors still face some challenges despite the overall boom market. Before taking the significant step away from a full-time position, potential contractors need to consider those potential issues that don’t fade even in an active market. Pricing, scope management, the requirement to have general liability insurance and the need to build in reserves for benefits often prove to be stumbling blocks for new IT contractors. Still, for those who enter the world of contract work with their eyes wide open, the market is in a prime place to see success as an IT contractor.

Interested in learning more about the opportunities available for a skilled IT contractor? At Melbourne’s Invotec, we can help you understand the current freelance market and the options available to those with the right skill set. Contact us today at 1300 INVOTEC or sales@invotec.com.au to learn more.


Related Posts

Wisdom Wednesday: The Importance of Training Your Employees to Spot Spoofed Emails

CEO-Fraud-1024x536The number of security issues and malware risks that your company must contend with continues to grow every year, but one of the most potentially devastating threats that your business faces is surprisingly low-tech in nature. Spoofed emails don’t rely on complex ransomware or sophisticated keystroke loggers. Instead, your company’s bank account and sensitive information […]

READ MORE →

Scam Of The Week: Valentine’s Day Phishing Attacks

ThinkstockPhotos-637296384It’s important to keep in mind today the fact that heartless con artists use social engineering tactics to trick people looking for love. The FBI’s Internet Crime Complaint Center warns every year that Scammers use poetry, flowers, and other gifts to reel in victims, the entire time declaring their “undying love.” These hardened criminals – who […]

READ MORE →

Supercharging Your Business with HP Business Solutions

HP-Elite-X3-1024x576A look at how HP Business Solutions can supercharge your business HP Business Solutions has always been aware of what companies require for operation, with their response being a product that packs the power of an office in the palm of your hand. The product in question is the HP Elite x3, which packs the […]

READ MORE →

Weekly Tech Tip: Require employees to use strong passwords and to change them often

Technology-1024x536Consider implementing multifactor authentication that requires additional information beyond a password to gain entry. Check with your vendors that handle sensitive data, especially financial institutions, to see if they offer multifactor authentication for your account.

READ MORE →

The Benefits of OneDrive’s New Features for Small Businesses

ThinkstockPhotos-621573552Managed cloud storage services like OneDrive and its new features help small businesses be more productive. Many small businesses rely on their employees’ ability to work together intelligently and efficiently to get the job done. Perhaps the new marketing brochure needs to be reviewed by sales before going to print, or the latest operations plan […]

READ MORE →

Comments are closed.

Back to Top