The table below looks at the prevalence of the term EFT in IT contracts advertised for the London region. Included is a guide to the average contractor rates offered in IT contracts that have cited EFT over the 3 months to 1 April 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
1 Apr 2015
Same period 2014 Same period 2013
Electronic Funds Transfer (EFT)
Rank 387 392 371
Rank change year-on-year
+5 -21
Contract jobs citing EFT 6 9 5
As % of all contract IT jobs located in London 0.027% 0.039% 0.024%
As % of the Miscellaneous category 0.076% 0.10% 0.061%
Number of daily rates quoted 4 4 2
Average daily rate
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£320 £413 £378
Average daily rate % change year-on-year
-22.42% +9.27%
90% offered a daily rate of more than £293 £274 £376
10% offered a daily rate of more than £382 £478 £380
UK excluding London average daily rate £365 £350 £275
% change year-on-year
+4.28% +27.27%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
EFT
England

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

Miscellaneous Category
London
Contract IT job ads with a match in the
Miscellaneous category
7920 8766 8163
As % of all contract IT jobs located in London 35.61% 37.59% 38.44%
Number of daily rates quoted 5403 6152 5739
Average daily rate £464 £450 £475
Average daily rate % change year-on-year
+3.05% -5.26%
90% offered a daily rate of more than £290 £275 £275
10% offered a daily rate of more than £650 £650 £625
UK excluding London average daily rate £375 £350 £338
% change year-on-year
+7.14% +3.70%
Number of hourly rates quoted 144 164 163
Average hourly rate £19.50 £22.50 £22.28
Average hourly rate % change year-on-year
-13.33% +0.98%
90% offered a hourly rate of more than £13.50 £14.00 £14.00
10% offered a hourly rate of more than £40.00 £42.50 £47.50
UK excluding London average hourly rate £19.00 £17.50 £23.00
% change year-on-year
+8.57% -23.91%

EFT
Jobs Demand Trend in London

This chart provides a 3-month moving total of IT contractor jobs citing EFT across the London region as a proportion of the total demand within the Miscellaneous category.

EFT Jobs Demand Trend in London

EFT
Daily Rate Trend in London

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

EFT Daily Rate Trend in London

EFT
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing EFT across the London region over the 3 months to 1 April 2015.

EFT Daily Rate Histogram in London

EFT
Hourly Rate Trend in London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing EFT across the London region.

EFT Hourly Rate Trend in London

EFT
Top 30 Related IT Skills in London

For the 6 months to 1 April 2015, IT contractor jobs across the London region citing EFT 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 EFT.

1 5 (62.50%) Finance
2 4 (50.00%) Supply Chain Management
2 4 (50.00%) E-Commerce
2 4 (50.00%) SAP
2 4 (50.00%) Bankmaster
2 4 (50.00%) SAP FSCM
2 4 (50.00%) Cash Management
3 3 (37.50%) SAP FI
3 3 (37.50%) SAP CO
3 3 (37.50%) SAP FI/CO
4 2 (25.00%) Risk Management
4 2 (25.00%) EPoS
4 2 (25.00%) People Management
4 2 (25.00%) Marketing
4 2 (25.00%) Project Planning
5 1 (12.50%) SQL Server Analysis Services
5 1 (12.50%) Time Management
5 1 (12.50%) SQL Server 2008
5 1 (12.50%) Smart Meter
5 1 (12.50%) Degree
5 1 (12.50%) NetSuite
5 1 (12.50%) Resource Management
5 1 (12.50%) QA
5 1 (12.50%) Twitter
5 1 (12.50%) SQL Server Reporting Services
5 1 (12.50%) Logistics
5 1 (12.50%) EFTPOS
5 1 (12.50%) MS Excel
5 1 (12.50%) Cognos
5 1 (12.50%) Smartcard

EFT
Top Related IT Skills in London by Category

For the 6 months to 1 April 2015, IT contractor jobs across the London region citing EFT 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 EFT. Up to 20 skills are shown per category.

Applications
1 1 (12.50%) MS Excel
Business Applications
1 4 (50.00%) Bankmaster
1 4 (50.00%) SAP FSCM
2 3 (37.50%) SAP FI
2 3 (37.50%) SAP CO
2 3 (37.50%) SAP FI/CO
3 1 (12.50%) Dynamics NAV
3 1 (12.50%) Dynamics AX
Database & Business Intelligence
1 1 (12.50%) SQL Server Analysis Services
1 1 (12.50%) SQL Server 2008
1 1 (12.50%) SQL Server Reporting Services
1 1 (12.50%) SQL Server
1 1 (12.50%) SQL Server Integration Services
General
1 5 (62.50%) Finance
2 2 (25.00%) Marketing
3 1 (12.50%) Banking
3 1 (12.50%) Retail
Job Titles
1 3 (37.50%) Consultant
1 3 (37.50%) SAP Consultant
2 2 (25.00%) Sales Manager
2 2 (25.00%) SAP FI/CO Consultant
2 2 (25.00%) Business Analyst
2 2 (25.00%) Analyst
2 2 (25.00%) Sales Director
3 1 (12.50%) SAP FI Consultant
3 1 (12.50%) SAP CO Consultant
Libraries, Frameworks & Software Standards
1 1 (12.50%) .NET
Miscellaneous
1 2 (25.00%) EPoS
2 1 (12.50%) Smart Meter
2 1 (12.50%) EFTPOS
2 1 (12.50%) Smartcard
Processes & Methodologies
1 4 (50.00%) Supply Chain Management
1 4 (50.00%) E-Commerce
1 4 (50.00%) Cash Management
2 2 (25.00%) Risk Management
2 2 (25.00%) People Management
2 2 (25.00%) Project Planning
3 1 (12.50%) Time Management
3 1 (12.50%) Resource Management
3 1 (12.50%) Logistics
3 1 (12.50%) Mobile Commerce
3 1 (12.50%) ERP
3 1 (12.50%) Business Intelligence
3 1 (12.50%) Change Management
3 1 (12.50%) Agile Software Development
3 1 (12.50%) Software Engineering
Programming Languages
1 1 (12.50%) Java
1 1 (12.50%) SQL
Qualifications
1 1 (12.50%) Degree
Quality Assurance & Compliance
1 1 (12.50%) QA
Vendors
1 4 (50.00%) SAP
2 1 (12.50%) NetSuite
2 1 (12.50%) Twitter
2 1 (12.50%) Cognos
2 1 (12.50%) Microsoft
2 1 (12.50%) Epicor
2 1 (12.50%) JD Edwards