The table below looks at the statistics for COSO skills 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 COSO over the 3 months to 2 October 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
2 Oct 2014
Same period 2013 Same period 2012
Committee of Sponsoring Organizations of the Treadway Commission (COSO)
Rank - 220 -
Contract jobs citing COSO 0 1 0
As % of all contract IT jobs located in the City of London - 0.014% -
As % of the Quality Assurance & Compliance category - 0.18% -
Number of daily rates quoted 0 1 0
Average daily rate
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- £500 -
UK excluding London average daily rate - £338 £415
% change year-on-year
- -18.67%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
COSO
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 City of London region.

Quality Assurance & Compliance Category
City of London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
473 562 713
As % of all contract IT jobs located in the City of London 7.99% 7.88% 9.43%
Number of daily rates quoted 337 426 558
Average daily rate £450 £475 £475
Average daily rate % change year-on-year
-5.26% -
90% offered a daily rate of more than £300 £300 £292
10% offered a daily rate of more than £625 £602 £600
UK excluding London average daily rate £375 £350 £370
% change year-on-year
+7.14% -5.40%
Number of hourly rates quoted 9 7 14
Average hourly rate £16.00 £17.00 £19.00
Average hourly rate % change year-on-year
-5.88% -10.52%
90% offered a hourly rate of more than £11.80 £13.97 £13.95
10% offered a hourly rate of more than £23.10 £67.50 £50.05
UK excluding London average hourly rate £20.00 £17.50 £20.00
% change year-on-year
+14.28% -12.50%

COSO
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing COSO across the City of London region as a proportion of the total demand within the Quality Assurance & Compliance category.

COSO Jobs Demand Trend in the City of London

COSO
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 COSO across the City of London region.

COSO Daily Rate Trend in the City of London