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 22 May 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
22 May 2015
Same period 2014 Same period 2013
Electronic Funds Transfer (EFT)
Rank 400 385 393
Rank change year-on-year
-15 +8
Contract jobs citing EFT 3 10 3
As % of all contract IT jobs located in London 0.014% 0.044% 0.014%
As % of the Miscellaneous category 0.039% 0.12% 0.035%
Number of daily rates quoted 1 6 0
Average daily rate
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£400 £500 -
Average daily rate % change year-on-year
-20.00% -
UK excluding London average daily rate £365 £345 -
% change year-on-year
+5.79% -
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
7742 8397 8528
As % of all contract IT jobs located in London 34.93% 37.11% 38.79%
Number of daily rates quoted 5353 5935 5878
Average daily rate £475 £450 £475
Average daily rate % change year-on-year
+5.55% -5.26%
90% offered a daily rate of more than £280 £275 £275
10% offered a daily rate of more than £650 £650 £625
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 142 136 189
Average hourly rate £18.00 £20.00 £24.00
Average hourly rate % change year-on-year
-10.00% -16.66%
90% offered a hourly rate of more than £13.50 £14.04 £15.50
10% offered a hourly rate of more than £45.00 £41.50 £54.00
UK excluding London average hourly rate £19.00 £22.50 £21.83
% change year-on-year
-15.55% +3.06%

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
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 22 May 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 (71.43%) Finance
2 4 (57.14%) SAP
2 4 (57.14%) Supply Chain Management
2 4 (57.14%) Bankmaster
2 4 (57.14%) SAP FSCM
2 4 (57.14%) Cash Management
3 3 (42.86%) EPoS
3 3 (42.86%) E-Commerce
3 3 (42.86%) SAP FI
3 3 (42.86%) SAP FI/CO
3 3 (42.86%) SAP CO
4 2 (28.57%) Smartcard
4 2 (28.57%) Mobile Commerce
4 2 (28.57%) People Management
4 2 (28.57%) EFTPOS
4 2 (28.57%) Smart Meter
4 2 (28.57%) Project Planning
5 1 (14.29%) Degree
5 1 (14.29%) NetSuite
5 1 (14.29%) Resource Management
5 1 (14.29%) QA
5 1 (14.29%) SQL Server Analysis Services
5 1 (14.29%) Time Management
5 1 (14.29%) SQL Server 2008
5 1 (14.29%) SQL Server Reporting Services
5 1 (14.29%) Logistics
5 1 (14.29%) Software Engineering
5 1 (14.29%) Dynamics NAV
5 1 (14.29%) Dynamics AX
5 1 (14.29%) Wincor Nixdorf

EFT
Top Related IT Skills in London by Category

For the 6 months to 22 May 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 (14.29%) MS Excel
Business Applications
1 4 (57.14%) Bankmaster
1 4 (57.14%) SAP FSCM
2 3 (42.86%) SAP FI
2 3 (42.86%) SAP FI/CO
2 3 (42.86%) SAP CO
3 1 (14.29%) Dynamics NAV
3 1 (14.29%) Dynamics AX
Cloud Services
1 1 (14.29%) Sage Pay
Communications & Networking
1 1 (14.29%) ATM
Database & Business Intelligence
1 1 (14.29%) SQL Server Analysis Services
1 1 (14.29%) SQL Server 2008
1 1 (14.29%) SQL Server Reporting Services
1 1 (14.29%) SQL Server Integration Services
1 1 (14.29%) SQL Server
General
1 5 (71.43%) Finance
2 1 (14.29%) Banking
2 1 (14.29%) Retail
Job Titles
1 3 (42.86%) Consultant
1 3 (42.86%) SAP Consultant
2 2 (28.57%) SAP FI/CO Consultant
2 2 (28.57%) Business Analyst
2 2 (28.57%) Analyst
3 1 (14.29%) Test Leader
3 1 (14.29%) SAP FI Consultant
3 1 (14.29%) SAP CO Consultant
Libraries, Frameworks & Software Standards
1 1 (14.29%) .NET
Miscellaneous
1 3 (42.86%) EPoS
2 2 (28.57%) Smartcard
2 2 (28.57%) EFTPOS
2 2 (28.57%) Smart Meter
3 1 (14.29%) APACS
3 1 (14.29%) EMV
3 1 (14.29%) Chip and PIN
Processes & Methodologies
1 4 (57.14%) Supply Chain Management
1 4 (57.14%) Cash Management
2 3 (42.86%) E-Commerce
3 2 (28.57%) Mobile Commerce
3 2 (28.57%) People Management
3 2 (28.57%) Project Planning
4 1 (14.29%) Resource Management
4 1 (14.29%) Time Management
4 1 (14.29%) Logistics
4 1 (14.29%) Software Engineering
4 1 (14.29%) Change Management
4 1 (14.29%) Agile Software Development
4 1 (14.29%) ERP
4 1 (14.29%) Business Intelligence
Programming Languages
1 1 (14.29%) Java
1 1 (14.29%) SQL
Qualifications
1 1 (14.29%) Degree
Quality Assurance & Compliance
1 1 (14.29%) QA
1 1 (14.29%) ISO 8583
Vendors
1 4 (57.14%) SAP
2 1 (14.29%) NetSuite
2 1 (14.29%) Wincor Nixdorf
2 1 (14.29%) WorldPay
2 1 (14.29%) Elavon
2 1 (14.29%) Ingenico
2 1 (14.29%) VocaLink
2 1 (14.29%) TSYS
2 1 (14.29%) VeriFone
2 1 (14.29%) Twitter
2 1 (14.29%) Microsoft
2 1 (14.29%) Epicor
2 1 (14.29%) JD Edwards
2 1 (14.29%) Sage
2 1 (14.29%) Cognos