The table below looks at the statistics for FINREP skills in IT contracts advertised for the City of London region. Included is a guide to the contractor rates offered in IT contracts that have cited FINREP over the 3 months to 3 May 2016 with a comparison to the same period over 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.

3 months to
3 May 2016
Same period 2015 Same period 2014
Financial Reporting (FINREP)
Rank - 194 208
Contract jobs citing FINREP 0 4 4
As % of all contract IT jobs located in the City of London - 0.073% 0.063%
As % of the Quality Assurance & Compliance category - 0.82% 0.59%
Number of daily rates quoted 0 2 3
Median daily rate - £600 £538
Median daily rate % change year-on-year
- +11.62%
UK excluding London median daily rate £420 £563 £600
% change year-on-year
-25.33% -6.25%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
FINREP
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
314 485 673
As % of all contract IT jobs located in the City of London 9.00% 8.84% 10.63%
Number of daily rates quoted 237 358 473
Median daily rate £475 £475 £454
Median daily rate % change year-on-year
- +4.57%
90% offered a daily rate of more than £325 £320 £300
10% offered a daily rate of more than £622 £625 £600
UK excluding London median daily rate £400 £388 £370
% change year-on-year
+3.22% +4.72%
Number of hourly rates quoted 1 4 9
Median hourly rate £22.00 £13.75 £17.50
Median hourly rate % change year-on-year
+60.00% -21.42%
UK excluding London median hourly rate £28.50 £29.00 £21.00
% change year-on-year
-1.72% +38.09%

FINREP
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing FINREP as a proportion of all IT contracts with a match in the Quality Assurance & Compliance category.

FINREP Jobs Demand Trend in the City of London

FINREP
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 FINREP across the City of London region.

FINREP Daily Rate Trend in the City of London