Cost Reduction
Central London > City of London
The following table provides summary statistics for contract job vacancies advertised in the City of London with a requirement for Cost Reduction skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Cost Reduction over the 6 months to 28 April 2024 with a comparison to the same period in the previous 2 years.
| 6 months to 28 Apr 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 122 | 172 | 178 |
| Rank change year-on-year | +50 | +6 | -40 |
| Contract jobs citing Cost Reduction | 4 | 5 | 14 |
| As % of all contract jobs advertised in the City of London | 0.18% | 0.14% | 0.33% |
| As % of the Processes & Methodologies category | 0.20% | 0.15% | 0.36% |
| Number of daily rates quoted | 2 | 2 | 4 |
| 10th Percentile | £513 | £184 | £577 |
| 25th Percentile | £531 | £242 | £579 |
| Median daily rate (50th Percentile) | £575 | £344 | £740 |
| Median % change year-on-year | +67.03% | -53.48% | +55.79% |
| 75th Percentile | £631 | £447 | £913 |
| 90th Percentile | £658 | £505 | £935 |
| Central London median daily rate | £575 | £344 | £740 |
| % change year-on-year | +67.03% | -53.48% | +55.79% |
All Process and Methodology Skills
City of London
Cost Reduction is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in the City of London with a requirement for process or methodology skills.
| Contract vacancies with a requirement for process or methodology skills | 1,993 | 3,347 | 3,888 |
| As % of all contract IT jobs advertised in the City of London | 90.51% | 91.82% | 91.72% |
| Number of daily rates quoted | 1,405 | 2,259 | 2,945 |
| 10th Percentile | £359 | £355 | £385 |
| 25th Percentile | £450 | £475 | £475 |
| Median daily rate (50th Percentile) | £565 | £600 | £575 |
| Median % change year-on-year | -5.83% | +4.35% | +9.52% |
| 75th Percentile | £688 | £730 | £675 |
| 90th Percentile | £800 | £825 | £775 |
| Central London median daily rate | £550 | £600 | £570 |
| % change year-on-year | -8.33% | +5.26% | +8.57% |
| Number of hourly rates quoted | 13 | 24 | 41 |
| 10th Percentile | £19.13 | £15.33 | £18.50 |
| 25th Percentile | £20.22 | £18.03 | £24.25 |
| Median hourly rate | £25.00 | £35.00 | £40.50 |
| Median % change year-on-year | -28.57% | -13.58% | +125.31% |
| 75th Percentile | £40.00 | £58.75 | £51.75 |
| 90th Percentile | £48.57 | £88.30 | £62.50 |
| Central London median hourly rate | £27.81 | £35.00 | £40.50 |
| % change year-on-year | -20.54% | -13.58% | +102.50% |
Cost Reduction
Job Vacancy Trend in the City of London
Job postings citing Cost Reduction as a proportion of all IT jobs advertised in the City of London.
Cost Reduction
Contractor Daily Rate Trend in the City of London
3-month moving average daily rate quoted in jobs citing Cost Reduction in the City of London.
Cost Reduction
Daily Rate Histogram in the City of London
Daily rate distribution for jobs citing Cost Reduction in the City of London over the 6 months to 28 April 2024.
Cost Reduction
Contractor Hourly Rate Trend in the City of London
3-month moving average hourly rates quoted in jobs citing Cost Reduction in the City of London.
Cost Reduction
Co-occurring Skills and Capabilities in the City of London by Category
The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories: