Contractor rates…
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0.9%
In 2023 STEM contractor rates increased across the Defence & Security sector by 11.9%
0.4%
In 2024 STEM contractor rates increased across the Defence & Security sector by 5.4%
Current Mean Rate per skillset
Current Pay Rates for Contractors in the Defence & Security STEM Sector
Based on the pay rates of our live contractor base, which consists of over 1,000 professionals, the Defence & Security STEM market remains highly competitive. As a result, businesses looking to attract top talent should be prepared to offer above-average pay rates. Given the specialised skill sets and high demand for qualified contractors, competitive compensation packages are essential to securing the best candidates in this field.
What is the story underneath the data?
With inflation levels reducing at pace, it was inevitable that contractor rates could not sustain double-digit growth through 2024. Now just 3 of the 7 categories we collate data on saw more than 10% increases; FPGA Design, Safety and Supportability Engineering, all Inside IR35.
As contractors continue to request increased rates at renewal on long term programmes, understanding their market-place is critical to help manage the balance between retention and value.
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