The table below looks at the prevalence of the term Derivative in IT contracts advertised for the Birmingham region. Included is a guide to the average contractor rates offered in IT contracts that have cited Derivative over the 3 months to 24 April 2015 with a comparison to the same period in the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

Location
3 months to
24 Apr 2015
Same period 2014 Same period 2013
Derivatives
Rank - 58 -
Contract jobs citing Derivative 0 1 0
As % of all contract IT jobs located in Birmingham - 0.16% -
As % of the Miscellaneous category - 0.65% -
Number of daily rates quoted 0 1 0
Average daily rate
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- £600 -
UK excluding London average daily rate £381 £375 £354
% change year-on-year
+1.66% +6.00%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - £42.00 £17.00
% change year-on-year
- +147.05%
Derivative
West Midlands

The following table is for comparison with the above and provides statistics for the entire Miscellaneous category in contract jobs advertised in the Birmingham region.

Miscellaneous Category
Birmingham
Contract IT job ads with a match in the
Miscellaneous category
211 153 112
As % of all contract IT jobs located in Birmingham 26.02% 24.88% 22.09%
Number of daily rates quoted 138 80 62
Average daily rate £350 £275 £325
Average daily rate % change year-on-year
+27.27% -15.38%
90% offered a daily rate of more than £200 £100 £167
10% offered a daily rate of more than £495 £450 £468
UK excluding London average daily rate £375 £350 £340
% change year-on-year
+7.14% +2.94%
Number of hourly rates quoted 7 6 14
Average hourly rate £14.50 £31.00 £14.00
Average hourly rate % change year-on-year
-53.22% +121.42%
90% offered a hourly rate of more than £11.65 £12.20 £11.50
10% offered a hourly rate of more than £23.70 £31.50 £37.00
UK excluding London average hourly rate £19.00 £21.50 £21.25
% change year-on-year
-11.62% +1.17%

Derivative
Jobs Demand Trend in Birmingham

This chart provides a 3-month moving total of IT contractor jobs citing Derivative across the Birmingham region as a proportion of the total demand within the Miscellaneous category.

Derivative Jobs Demand Trend in Birmingham

Derivative
Daily Rate Trend in Birmingham

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Derivative across the Birmingham region.

Derivative Daily Rate Trend in Birmingham