The table below looks at the statistics for FATCA skills in IT contracts advertised for the Canary Wharf region. Included is a guide to the average contractor rates offered in IT contracts that have cited FATCA over the 3 months to 18 December 2014 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
18 Dec 2014
Same period 2013 Same period 2012
Foreign Account Tax Compliance Act (FATCA)
Rank - - 46
Contract jobs citing FATCA 0 0 5
As % of all contract IT jobs located in Canary Wharf - - 1.36%
As % of the Quality Assurance & Compliance category - - 11.63%
Number of daily rates quoted 0 0 3
Average daily rate
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- - £625
UK excluding London average daily rate £500 £425 £348
% change year-on-year
+17.64% +22.30%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
FATCA
London

The following table is for comparison with the above and provides statistics for the entire Quality Assurance & Compliance category in contract jobs advertised in the Canary Wharf region.

Quality Assurance & Compliance Category
Canary Wharf
Contract IT job ads with a match in the
Quality Assurance & Compliance category
8 19 43
As % of all contract IT jobs located in Canary Wharf 6.96% 9.84% 11.72%
Number of daily rates quoted 7 12 28
Average daily rate £550 £525 £543
Average daily rate % change year-on-year
+4.76% -3.22%
90% offered a daily rate of more than £495 £300 £294
10% offered a daily rate of more than £605 £600 £625
UK excluding London average daily rate £368 £350 £350
% change year-on-year
+5.00% -
Number of hourly rates quoted 0 0 1
Average hourly rate - - £20.00
UK excluding London average hourly rate £19.00 £18.70 £20.00
% change year-on-year
+1.60% -6.50%

FATCA
Jobs Demand Trend in Canary Wharf

This chart provides a 3-month moving total of IT contractor jobs citing FATCA across the Canary Wharf region as a proportion of the total demand within the Quality Assurance & Compliance category.

FATCA Jobs Demand Trend in Canary Wharf

FATCA
Daily Rate Trend in Canary Wharf

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

FATCA Daily Rate Trend in Canary Wharf