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 21 October 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
21 Oct 2014
Same period 2013 Same period 2012
Foreign Account Tax Compliance Act (FATCA)
Rank - - 55
Contract jobs citing FATCA 0 0 1
As % of all contract IT jobs located in Canary Wharf - - 0.25%
As % of the Quality Assurance & Compliance category - - 1.64%
Number of daily rates quoted 0 0 1
Average daily rate
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- - £600
UK excluding London average daily rate £525 £475 £375
% change year-on-year
+10.52% +26.66%
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 26 61
As % of all contract IT jobs located in Canary Wharf 7.27% 13.20% 15.06%
Number of daily rates quoted 3 15 56
Average daily rate £500 £388 £550
Average daily rate % change year-on-year
+29.03% -29.54%
90% offered a daily rate of more than £455 £176 £450
10% offered a daily rate of more than £525 £550 £600
UK excluding London average daily rate £375 £350 £375
% change year-on-year
+7.14% -6.66%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £18.50 £17.50 £19.25
% change year-on-year
+5.71% -9.09%

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