The first table below looks at the demand for knowledge and experience of Sophis products and/or services 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 Sophis over the 3 months to 23 April 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all Vendors for the Canary Wharf region.

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.

The figures below represent the IT contractor job market in general and are NOT representative of contractor rates within Sophis.

Location
3 months to
23 Apr 2014
Same period 2013 Same period 2012
Sophis
Rank - 45 48
Contract jobs citing Sophis 0 2 4
As % of all contract IT jobs located in Canary Wharf - 0.54% 1.00%
As % of the Vendors category - 1.44% 2.02%
Number of daily rates quoted 0 2 4
Average daily rate - £675 £625
Average daily rate % change year-on-year
- +8.00%
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Vendors Category
Canary Wharf
Contract IT job ads with a match in the
Vendors category
49 139 198
As % of all contract IT jobs located in Canary Wharf 33.56% 37.77% 49.25%
Number of daily rates quoted 29 116 131
Average daily rate £525 £575 £550
Average daily rate % change year-on-year
-8.69% +4.54%
90% offered a daily rate of more than £250 £188 £333
10% offered a daily rate of more than £700 £675 £634
UK excluding London average daily rate £350 £350 £350
Number of hourly rates quoted 4 2 1
Average hourly rate £25.50 £30.00 £35.00
Average hourly rate % change year-on-year
-15.00% -14.28%
UK excluding London average hourly rate £17.50 £19.00 £19.00
% change year-on-year
-7.89% -
Sophis
London

Sophis
Jobs Demand Trend in Canary Wharf

This chart provides a 3-month moving total of IT contractor jobs citing Sophis across the Canary Wharf region as a proportion of the total demand within the Vendors category.

Sophis Jobs Demand Trend in Canary Wharf

Sophis
Daily Rate Trend in Canary Wharf

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

Sophis Daily Rate Trend in Canary Wharf