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 1 September 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
1 Sep 2014
Same period 2013 Same period 2012
Generally Accepted Accounting Principles (GAAP)
Rank 204 219 217
Rank change year-on-year
+15 -2
Contract jobs citing GAAP 1 3 3
As % of all contract IT jobs located in the City of London 0.017% 0.041% 0.038%
As % of the Quality Assurance & Compliance category 0.21% 0.51% 0.39%
Number of daily rates quoted 0 1 1
Average daily rate
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- £425 £210
Average daily rate % change year-on-year
- +102.38%
UK excluding London average daily rate £250 £280 £500
% change year-on-year
-10.71% -44.00%
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
466 594 762
As % of all contract IT jobs located in the City of London 7.88% 8.09% 9.74%
Number of daily rates quoted 333 446 571
Average daily rate £474 £475 £475
Average daily rate % change year-on-year
-0.31% -
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 £355 £360
% change year-on-year
+5.63% -1.38%
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 £20.40 £67.50 £50.02
UK excluding London average hourly rate £20.00 £17.50 £21.25
% change year-on-year
+14.28% -17.64%

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
Top 12 Related IT Skills in the City of London

For the 6 months to 1 September 2014, 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 2 (100.00%) Finance
2 1 (50.00%) Legal
2 1 (50.00%) Migration
2 1 (50.00%) Billing
2 1 (50.00%) Degree
2 1 (50.00%) Test Automation
2 1 (50.00%) Oracle TCA
2 1 (50.00%) Oracle
2 1 (50.00%) Oracle Financials
2 1 (50.00%) ACCA
2 1 (50.00%) Sarbanes-Oxley
2 1 (50.00%) CIMA

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

For the 6 months to 1 September 2014, 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 (50.00%) Oracle Financials
1 1 (50.00%) Oracle TCA
General
1 2 (100.00%) Finance
2 1 (50.00%) Legal
2 1 (50.00%) Billing
Job Titles
1 1 (50.00%) Analyst
1 1 (50.00%) Test Analyst
Processes & Methodologies
1 1 (50.00%) Migration
1 1 (50.00%) Test Automation
Qualifications
1 1 (50.00%) ACCA
1 1 (50.00%) CIMA
1 1 (50.00%) Degree
Quality Assurance & Compliance
1 1 (50.00%) Sarbanes-Oxley
Vendors
1 1 (50.00%) Oracle