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 27 August 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
27 Aug 2014
Same period 2013 Same period 2012
Foreign Account Tax Compliance Act (FATCA)
Rank - - 48
Contract jobs citing FATCA 0 0 2
As % of all contract IT jobs located in Canary Wharf - - 0.57%
As % of the Quality Assurance & Compliance category - - 5.41%
Number of daily rates quoted 0 0 1
Average daily rate
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- - £600
UK excluding London average daily rate £550 £550 £375
% change year-on-year
- +46.66%
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
12 42 37
As % of all contract IT jobs located in Canary Wharf 10.53% 19.00% 10.63%
Number of daily rates quoted 8 26 32
Average daily rate £475 £555 £575
Average daily rate % change year-on-year
-14.41% -3.47%
90% offered a daily rate of more than £365 £175 £450
10% offered a daily rate of more than £530 £700 £600
UK excluding London average daily rate £375 £360 £361
% change year-on-year
+4.16% -0.34%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £19.50 £17.50 £21.50
% change year-on-year
+11.42% -18.60%

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