What is your assessment of Q1 across the insurance division of RED10?
Q1 has seen hiring demands across clients continue to grow for contracts (both in and outside IR35). Clients who had low hiring demand throughout 2021 have increased their resource requirements significantly both in the UK & US as previously projects/programmes were put on hold due to the pandemic gaining budgets required. The trend from the 2nd half of 2021 has continued with more opportunities than available/interested candidates.
RED10 has also had great success in agreeing on terms with several new clients and making multiple placements across their office locations across the EU.
What skills or trends have you seen in early 2022?
Throughout 2022, we have seen a return to clients willing to consider hiring contractors on outside IR35 contracts. In partnership with Kingsbridge and their award winning IR35 Status Tool, we have been able to give our clients the opportunity to conduct an assessment of their contract requirements before making a decision on the best approach for candidate identification. With any outside IR35 assessment, the contractor is required to take out or have an insurance policy indemnifying everyone in the supply chain in the event of any successful HMRC claim giving the clients the confidence to hire outside IR35 contractors.
What is a piece of advice you would give to a candidate currently looking for a role in the insurance sector?
With recruiters now utilising LinkedIn now more than ever before for candidate sourcing, your profile must be up to date with a good overview of your latest role and technologies you have previously and currently using. Your profile should be a reflection of your CV which should also be kept up to date ready for when it’s needed – with some clients looking to interview and make job offers within 24-48hrs, not having your CV ready to be put forward for review can in some instances, mean missing out on the opportunity.
How can RED10’s services help with any of your insurance-focused hiring demands?
RED10 has over 20 years of expertise recruiting for some of the biggest insurers with their contract (inside or outside IR35) and permanent Business & IT Change hiring requirements. With the creation of our technology division, we have been to spread the areas to include development, infrastructure and security. Our proven delivery model often results in us forming long-term partnerships with our clients, and in many cases, we are viewed as the preferred resource provider when matching business requirements with the best talent.