Cost-of-living crisis drives contractor focus on pay rates - London Business News | Londonlovesbusiness.com
Briefly

87% of contractors now rank pay rates among their top three priorities when selecting roles, emphasizing the rising need for financial security amid economic uncertainty.
40% of contractors cited the cost-of-living crisis as their biggest concern, followed by job security at 17%, reflecting the tough economic climate.
Traditionally, flexibility and work-life balance were vital; however, financial stability now overshadows these factors as contractors reshape their job selection criteria.
Alex Moore noted that competitive pay rates are essential for attracting top talent, as the current landscape heavily favors financial compensation over other factors.
Read at London Business News | Londonlovesbusiness.com
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