The table below looks at the statistics for knowledge and experience of Cognizant products and/or services 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 Cognizant over the 3 months to 5 February 2016 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.

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

Location
3 months to
5 Feb 2016
Same period 2015 Same period 2014
Cognizant
Rank - - 204
Contract jobs citing Cognizant 0 0 2
As % of all contract IT jobs located in the City of London - - 0.034%
As % of the Vendors category - - 0.080%
Number of daily rates quoted 0 0 2
Average daily rate - - £625
UK excluding London average daily rate £404 - £295
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Cognizant
London

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

Vendors Category
City of London
Contract IT job ads with a match in the
Vendors category
1242 2211 2507
As % of all contract IT jobs located in the City of London 39.59% 43.92% 42.90%
Number of daily rates quoted 923 1629 1747
Average daily rate £425 £425 £425
90% offered a daily rate of more than £275 £250 £240
10% offered a daily rate of more than £600 £575 £625
UK excluding London average daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 16 46 56
Average hourly rate £22.81 £20.45 £20.00
Average hourly rate % change year-on-year
+11.55% +2.22%
90% offered a hourly rate of more than £15.00 £13.18 £14.37
10% offered a hourly rate of more than £30.00 £30.40 £31.20
UK excluding London average hourly rate £22.50 £17.00 £16.50
% change year-on-year
+32.35% +3.03%

Cognizant
Jobs Demand Trend in the City of London

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

Cognizant Jobs Demand Trend in the City of London

Cognizant
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 Cognizant across the City of London region.

Cognizant Daily Rate Trend in the City of London