The table below looks at the statistics for V-Model skills in IT contracts advertised for the Hertfordshire region. Included is a guide to the average contractor rates offered in IT contracts that have cited V-Model over the 3 months to 31 August 2015 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
31 Aug 2015
Same period 2014 Same period 2013
V-Model
Rank - 64 -
Contract jobs citing V-Model 0 8 0
As % of all contract IT jobs located in Hertfordshire - 1.01% -
As % of the Processes & Methodologies category - 1.29% -
Number of daily rates quoted 0 6 0
Average daily rate
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- £318 -
UK excluding London average daily rate £300 £310 £510
% change year-on-year
-3.22% -39.21%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £42.50 £61.00 -
% change year-on-year
-30.32% -
V-Model
East of England

The following table is for comparison with the above and provides statistics for the entire Processes & Methodologies category in contract jobs advertised in the Hertfordshire region.

Processes & Methodologies Category
Hertfordshire
Contract IT job ads with a match in the
Processes & Methodologies category
592 620 389
As % of all contract IT jobs located in Hertfordshire 72.37% 78.48% 74.38%
Number of daily rates quoted 306 349 189
Average daily rate £410 £400 £400
Average daily rate % change year-on-year
+2.50% -
90% offered a daily rate of more than £273 £235 £230
10% offered a daily rate of more than £600 £510 £538
UK excluding London average daily rate £400 £375 £370
% change year-on-year
+6.66% +1.35%
Number of hourly rates quoted 47 27 27
Average hourly rate £21.53 £15.00 £37.50
Average hourly rate % change year-on-year
+43.50% -60.00%
90% offered a hourly rate of more than £9.00 £10.05 £11.25
10% offered a hourly rate of more than £42.50 £37.50 £50.00
UK excluding London average hourly rate £32.50 £25.00 £30.25
% change year-on-year
+30.00% -17.35%

V-Model
Jobs Demand Trend in Hertfordshire

This chart provides a 3-month moving total of IT contractor jobs citing V-Model across the Hertfordshire region as a proportion of the total demand within the Processes & Methodologies category.

V-Model Jobs Demand Trend in Hertfordshire

V-Model
Daily Rate Trend in Hertfordshire

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

V-Model Daily Rate Trend in Hertfordshire