The table below looks at the prevalence of the term Inversion of Control in IT contracts advertised for the Canary Wharf region. Included is a guide to the contractor rates offered in IT contracts that have cited Inversion of Control over the 3 months to 23 July 2016 with a comparison to the same period over 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.

3 months to
23 Jul 2016
Same period 2015 Same period 2014
Inversion of Control (IoC)
Rank - - -
Contract jobs citing Inversion of Control 0 0 0
As % of all contract IT jobs located in Canary Wharf - - -
As % of the Miscellaneous category - - -
Number of daily rates quoted 0 0 0
Median daily rate - - -
UK excluding London median daily rate £363 £315 £321
% change year-on-year
+15.07% -1.94%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
Inversion of Control
London

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

Miscellaneous Category
Canary Wharf
Contract IT job ads with a match in the
Miscellaneous category
65 80 63
As % of all contract IT jobs located in Canary Wharf 47.10% 43.24% 57.80%
Number of daily rates quoted 36 50 26
Median daily rate £413 £475 £500
Median daily rate % change year-on-year
-13.15% -5.00%
90% offered a daily rate of more than £338 £325 £288
10% offered a daily rate of more than £578 £525 £630
UK excluding London median daily rate £388 £375 £350
% change year-on-year
+3.33% +7.14%
Number of hourly rates quoted 1 3 7
Median hourly rate £12.00 £24.13 £18.00
Median hourly rate % change year-on-year
-50.25% +34.02%
UK excluding London median hourly rate £21.36 £18.00 £20.50
% change year-on-year
+18.63% -12.19%

Inversion of Control
Jobs Demand Trend in Canary Wharf

The demand trend of contract jobs across the Canary Wharf region citing Inversion of Control as a proportion of all IT contracts with a match in the Miscellaneous category.

Inversion of Control Jobs Demand Trend in Canary Wharf

Inversion of Control
Daily Rate Trend in Canary Wharf

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

Inversion of Control Daily Rate Trend in Canary Wharf