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 contractor rates offered in IT contracts that have cited EFT over the 3 months to 25 June 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 Jun 2016
Same period 2015 Same period 2014
Electronic Funds Transfer (EFT)
Rank 419 431 412
Rank change year-on-year
+12 -19
Contract jobs citing EFT 4 4 11
As % of all contract IT jobs located in London 0.019% 0.017% 0.047%
As % of the Miscellaneous category 0.051% 0.047% 0.12%
Number of daily rates quoted 0 2 6
Median daily rate - £413 £500
Median daily rate % change year-on-year
- -17.50%
UK excluding London median daily rate £269 £425 -
% change year-on-year
-36.76% -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
7837 8499 8913
As % of all contract IT jobs located in London 36.70% 36.37% 38.16%
Number of daily rates quoted 5577 5914 6115
Median daily rate £475 £475 £450
Median daily rate % change year-on-year
- +5.55%
90% offered a daily rate of more than £300 £275 £275
10% offered a daily rate of more than £650 £650 £650
UK excluding London median daily rate £390 £375 £350
% change year-on-year
+4.00% +7.14%
Number of hourly rates quoted 116 148 161
Median hourly rate £20.26 £19.72 £20.00
Median hourly rate % change year-on-year
+2.76% -1.42%
90% offered a hourly rate of more than £12.50 £14.00 £14.04
10% offered a hourly rate of more than £62.00 £52.17 £41.90
UK excluding London median hourly rate £22.50 £18.50 £21.00
% change year-on-year
+21.62% -11.90%

EFT
Jobs Demand Trend in London

The demand trend of contract jobs across the London region citing EFT as a proportion of all IT contracts with a match in 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
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 25 June 2016, IT contractor jobs citing EFT also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the London region with a requirement for EFT.

1 3 (60.00%) COBOL
1 3 (60.00%) DB2
1 3 (60.00%) Data Modelling
1 3 (60.00%) NonStop SQL
1 3 (60.00%) Tandem
1 3 (60.00%) Analytical Skills
2 2 (40.00%) WorldPay
2 2 (40.00%) ISO 8583
2 2 (40.00%) VeriFone
2 2 (40.00%) Wincor Nixdorf
2 2 (40.00%) E-Commerce
2 2 (40.00%) EPoS
2 2 (40.00%) EMV
2 2 (40.00%) BASE24
2 2 (40.00%) EFTPOS
2 2 (40.00%) Smartcard
2 2 (40.00%) Mobile Commerce
3 1 (20.00%) GAP Analysis
3 1 (20.00%) Migration
3 1 (20.00%) APACS
3 1 (20.00%) Chip and PIN
3 1 (20.00%) ATM
3 1 (20.00%) Sage
3 1 (20.00%) Performance Testing
3 1 (20.00%) VocaLink
3 1 (20.00%) TSYS
3 1 (20.00%) Banking
3 1 (20.00%) VisionPLUS
3 1 (20.00%) Sage Pay
3 1 (20.00%) Elavon

EFT
Top Related IT Skills in London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Business Applications
1 2 (40.00%) BASE24
2 1 (20.00%) VisionPLUS
Cloud Services
1 1 (20.00%) Sage Pay
Communications & Networking
1 1 (20.00%) ATM
Database & Business Intelligence
1 3 (60.00%) DB2
1 3 (60.00%) NonStop SQL
General
1 1 (20.00%) Banking
Job Titles
1 1 (20.00%) Analyst
1 1 (20.00%) Business Analyst
1 1 (20.00%) Payments Business Analyst
1 1 (20.00%) Project Manager
Miscellaneous
1 3 (60.00%) Analytical Skills
1 3 (60.00%) Tandem
2 2 (40.00%) EFTPOS
2 2 (40.00%) EMV
2 2 (40.00%) EPoS
2 2 (40.00%) Smartcard
3 1 (20.00%) APACS
3 1 (20.00%) Chip and PIN
3 1 (20.00%) Contactless
Processes & Methodologies
1 3 (60.00%) Data Modelling
2 2 (40.00%) E-Commerce
2 2 (40.00%) Mobile Commerce
3 1 (20.00%) GAP Analysis
3 1 (20.00%) Migration
3 1 (20.00%) Performance Testing
Programming Languages
1 3 (60.00%) COBOL
Quality Assurance & Compliance
1 2 (40.00%) ISO 8583
Vendors
1 2 (40.00%) VeriFone
1 2 (40.00%) Wincor Nixdorf
1 2 (40.00%) WorldPay
2 1 (20.00%) Elavon
2 1 (20.00%) Ingenico
2 1 (20.00%) Sage
2 1 (20.00%) TSYS
2 1 (20.00%) VocaLink