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 29 August 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 Aug 2014
Same period 2013 Same period 2012
Committee of Sponsoring Organizations of the Treadway Commission (COSO)
Rank - 216 -
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 - 0.17% -
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
466 585 761
As % of all contract IT jobs located in the City of London 7.90% 8.07% 9.74%
Number of daily rates quoted 335 440 570
Average daily rate £472 £475 £475
Average daily rate % change year-on-year
-0.63% -
90% offered a daily rate of more than £307 £300 £300
10% offered a daily rate of more than £600 £600 £625
UK excluding London average daily rate £375 £360 £360
% change year-on-year
+4.16% -
Number of hourly rates quoted 9 9 19
Average hourly rate £16.00 £20.00 £17.87
Average hourly rate % change year-on-year
-20.00% +11.95%
90% offered a hourly rate of more than £12.56 £13.97 £13.50
10% offered a hourly rate of more than £25.30 £67.50 £50.02
UK excluding London average hourly rate £19.75 £17.50 £21.25
% change year-on-year
+12.85% -17.64%

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