The table below looks at the statistics for GAAP 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 GAAP over the 3 months to 14 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.

Location
3 months to
14 Feb 2016
Same period 2015 Same period 2014
Generally Accepted Accounting Principles (GAAP)
Rank 142 184 204
Rank change year-on-year
+42 +20
Contract jobs citing GAAP 6 11 2
As % of all contract IT jobs located in the City of London 0.19% 0.22% 0.034%
As % of the Quality Assurance & Compliance category 1.83% 2.39% 0.33%
Number of daily rates quoted 5 9 2
Average daily rate £500 £430 £381
Average daily rate % change year-on-year
+16.27% +12.78%
90% offered a daily rate of more than £425 £375 £356
10% offered a daily rate of more than £600 £451 £406
UK excluding London average daily rate £340 £550 £463
% change year-on-year
-38.18% +18.91%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
GAAP
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
328 460 606
As % of all contract IT jobs located in the City of London 10.44% 9.06% 10.39%
Number of daily rates quoted 236 336 418
Average daily rate £475 £445 £473
Average daily rate % change year-on-year
+6.74% -5.82%
90% offered a daily rate of more than £300 £250 £280
10% offered a daily rate of more than £625 £578 £600
UK excluding London average daily rate £400 £384 £363
% change year-on-year
+4.23% +5.86%
Number of hourly rates quoted 6 2 4
Average hourly rate £26.75 £30.13 £18.10
Average hourly rate % change year-on-year
-11.20% +66.43%
90% offered a hourly rate of more than £21.00 £19.23 £17.50
10% offered a hourly rate of more than £40.75 £41.03 £23.11
UK excluding London average hourly rate £42.75 £22.50 £17.15
% change year-on-year
+90.00% +31.19%

GAAP
Jobs Demand Trend in the City of London

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

GAAP Jobs Demand Trend in the City of London

GAAP
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 GAAP across the City of London region.

GAAP Daily Rate Trend in the City of London

GAAP
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing GAAP across the City of London region over the 3 months to 14 February 2016.

GAAP Daily Rate Histogram in the City of London

GAAP
Top 26 Related IT Skills in the City of London

For the 6 months to 14 February 2016, IT contractor jobs across the City of London region citing GAAP also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited GAAP.

1 4 (66.67%) Finance
2 3 (50.00%) Advertising
2 3 (50.00%) Data Warehouse
2 3 (50.00%) CODA
2 3 (50.00%) User Acceptance Testing
2 3 (50.00%) Defect Management
2 3 (50.00%) Reinsurance
3 2 (33.33%) Solvency II
3 2 (33.33%) ACCA
3 2 (33.33%) ISEB
3 2 (33.33%) General Ledger
3 2 (33.33%) CIMA
3 2 (33.33%) Business Analysis
3 2 (33.33%) ISTQB
4 1 (16.67%) QA
4 1 (16.67%) PL/SQL
4 1 (16.67%) SQL
4 1 (16.67%) Oracle
4 1 (16.67%) Oracle Financials
4 1 (16.67%) Oracle Receivables
4 1 (16.67%) Oracle Subledger Accounting
4 1 (16.67%) Analytical Skills
4 1 (16.67%) Translating Business Requirements
4 1 (16.67%) Oracle General Ledger
4 1 (16.67%) Revenue Management
4 1 (16.67%) Oracle EBS R12

GAAP
Top Related IT Skills in the City of London by Category

For the 6 months to 14 February 2016, IT contractor jobs across the City of London region citing GAAP also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited GAAP. Up to 20 skills are shown per category.

Business Applications
1 1 (16.67%) Oracle EBS R12
1 1 (16.67%) Oracle Financials
1 1 (16.67%) Oracle General Ledger
1 1 (16.67%) Oracle Receivables
1 1 (16.67%) Oracle Subledger Accounting
Database & Business Intelligence
1 3 (50.00%) Data Warehouse
General
1 4 (66.67%) Finance
2 3 (50.00%) Advertising
3 2 (33.33%) General Ledger
Job Titles
1 3 (50.00%) Analyst
1 3 (50.00%) Tester
1 3 (50.00%) UAT Tester
2 2 (33.33%) Business Analyst
2 2 (33.33%) Insurance Business Analyst
2 2 (33.33%) Lead Tester
2 2 (33.33%) Solvency II Business Analyst
2 2 (33.33%) Test Leader
2 2 (33.33%) UAT Lead
2 2 (33.33%) UAT Test Lead
3 1 (16.67%) Functional Analyst
3 1 (16.67%) Oracle Analyst
Miscellaneous
1 3 (50.00%) Reinsurance
2 1 (16.67%) Analytical Skills
Processes & Methodologies
1 3 (50.00%) Defect Management
1 3 (50.00%) User Acceptance Testing
2 2 (33.33%) Business Analysis
3 1 (16.67%) Revenue Management
3 1 (16.67%) Translating Business Requirements
Programming Languages
1 1 (16.67%) PL/SQL
1 1 (16.67%) SQL
Qualifications
1 2 (33.33%) ACCA
1 2 (33.33%) CIMA
1 2 (33.33%) ISEB
1 2 (33.33%) ISTQB
Quality Assurance & Compliance
1 2 (33.33%) Solvency II
2 1 (16.67%) QA
Vendors
1 3 (50.00%) CODA
2 1 (16.67%) Oracle