The table below looks at the prevalence of the term Chip and PIN in IT contracts advertised for the City of London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Chip and PIN over the 3 months to 29 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
29 Dec 2014
Same period 2013 Same period 2012
Chip and PIN
Rank - - 197
Contract jobs citing Chip and PIN 0 0 3
As % of all contract IT jobs located in the City of London - - 0.050%
As % of the Miscellaneous category - - 0.14%
Number of daily rates quoted 0 0 2
Average daily rate
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- - £488
UK excluding London average daily rate £288 £269 £285
% change year-on-year
+6.97% -5.70%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £13.86 £15.00 -
% change year-on-year
-7.60% -
Chip and PIN
London

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

Miscellaneous Category
City of London
Contract IT job ads with a match in the
Miscellaneous category
2027 2526 2192
As % of all contract IT jobs located in the City of London 36.55% 37.99% 36.55%
Number of daily rates quoted 1610 1868 1683
Average daily rate £475 £488 £488
Average daily rate % change year-on-year
-2.56% -
90% offered a daily rate of more than £288 £275 £276
10% offered a daily rate of more than £650 £650 £638
UK excluding London average daily rate £375 £350 £340
% change year-on-year
+7.14% +2.94%
Number of hourly rates quoted 26 38 59
Average hourly rate £17.00 £20.00 £21.50
Average hourly rate % change year-on-year
-15.00% -6.97%
90% offered a hourly rate of more than £13.38 £13.50 £13.30
10% offered a hourly rate of more than £22.00 £43.62 £72.20
UK excluding London average hourly rate £17.50 £19.00 £19.94
% change year-on-year
-7.89% -4.71%

Chip and PIN
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Chip and PIN across the City of London region as a proportion of the total demand within the Miscellaneous category.

Chip and PIN Jobs Demand Trend in the City of London

Chip and PIN
Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Chip and PIN across the City of London region.

Chip and PIN Daily Rate Trend in the City of London