IR35 | Fifth of contractors seeking permanent roles

With changes to off-payroll working rules set to come into effect in April this year, 19% of contractors have shared that they are now looking for permanent roles.

According to research by Interim Partners, part of New Street Group (a consultancy firm), many senior professionals are now questioning whether contracting work makes financial sense and are seeking more permanent roles.

However, the consultancy business has expressed concerns claiming that too many contractors taking up permanent roles would reduce labour market flexibility and access to talent for businesses, not just among contractors but also more skilled and experienced interim workers.

Iain Pennell, Director at New Street Group, said: “The impact of the new IR35 rules is going to be felt by a lot of contractors. Many are already preparing for that by looking for permanent roles instead.”