The table below looks at the prevalence of the term SWIFT in IT contracts advertised for the East Midlands region. Included is a guide to the contractor rates offered in IT contracts that have cited SWIFT over the 3 months to 25 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
25 May 2016
Same period 2015 Same period 2014
Society for Worldwide Interbank Financial Telecommunication (SWIFT)
Rank - 103 88
Contract jobs citing SWIFT 0 1 3
As % of all contract IT jobs located in the East Midlands - 0.061% 0.20%
As % of the Miscellaneous category - 0.21% 0.74%
Number of daily rates quoted 0 1 0
Median daily rate - £340 -
UK excluding London median daily rate £475 £488 £444
% change year-on-year
-2.56% +9.79%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate £22.00 - -
SWIFT
England

The following table is for comparison with the above and provides statistics for the entire Miscellaneous category in contract jobs advertised in the East Midlands region.

Miscellaneous Category
East Midlands
Contract IT job ads with a match in the
Miscellaneous category
442 466 407
As % of all contract IT jobs located in the East Midlands 28.22% 28.29% 27.32%
Number of daily rates quoted 295 243 186
Median daily rate £350 £355 £320
Median daily rate % change year-on-year
-1.40% +10.93%
90% offered a daily rate of more than £238 £215 £175
10% offered a daily rate of more than £565 £500 £450
UK excluding London median daily rate £390 £375 £350
% change year-on-year
+4.00% +7.14%
Number of hourly rates quoted 18 32 48
Median hourly rate £16.09 £13.75 £14.00
Median hourly rate % change year-on-year
+17.01% -1.78%
90% offered a hourly rate of more than £13.30 £10.50 £10.74
10% offered a hourly rate of more than £35.00 £19.00 £35.00
UK excluding London median hourly rate £21.36 £18.00 £21.00
% change year-on-year
+18.63% -14.28%

SWIFT
Jobs Demand Trend in the East Midlands

The demand trend of contract jobs across the East Midlands region citing SWIFT as a proportion of all IT contracts with a match in the Miscellaneous category.

SWIFT Jobs Demand Trend in the East Midlands

SWIFT
Daily Rate Trend in the East Midlands

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing SWIFT across the East Midlands region.

SWIFT Daily Rate Trend in the East Midlands