The table below looks at the prevalence of the term SWIFT in IT contracts advertised for the Essex region. Included is a guide to the contractor rates offered in IT contracts that have cited SWIFT over the 3 months to 29 July 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
29 Jul 2016
Same period 2015 Same period 2014
Society for Worldwide Interbank Financial Telecommunication (SWIFT)
Rank - - -
Contract jobs citing SWIFT 0 0 0
As % of all contract IT jobs located in Essex - - -
As % of the Miscellaneous category - - -
Number of daily rates quoted 0 0 0
Median daily rate - - -
UK excluding London median daily rate £500 £388 £411
% change year-on-year
+29.03% -5.71%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
SWIFT
East of England

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

Miscellaneous Category
Essex
Contract IT job ads with a match in the
Miscellaneous category
195 168 166
As % of all contract IT jobs located in Essex 40.29% 26.75% 33.47%
Number of daily rates quoted 109 86 75
Median daily rate £280 £375 £384
Median daily rate % change year-on-year
-25.33% -2.34%
90% offered a daily rate of more than £230 £209 £238
10% offered a daily rate of more than £450 £450 £484
UK excluding London median daily rate £385 £375 £350
% change year-on-year
+2.66% +7.14%
Number of hourly rates quoted 60 29 30
Median hourly rate £32.00 £21.50 £28.50
Median hourly rate % change year-on-year
+48.83% -24.56%
90% offered a hourly rate of more than £16.50 £16.50 £16.50
10% offered a hourly rate of more than £42.50 £40.50 £41.95
UK excluding London median hourly rate £21.50 £18.50 £20.50
% change year-on-year
+16.21% -9.75%

SWIFT
Jobs Demand Trend in Essex

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

SWIFT Jobs Demand Trend in Essex

SWIFT
Daily Rate Trend in Essex

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

SWIFT Daily Rate Trend in Essex