Benchmarking Contracts in the Midlands

Benchmarking
England > Midlands

The following table provides summary statistics for contract job vacancies advertised in the Midlands with a requirement for Benchmarking skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Benchmarking over the 6 months to 25 April 2024 with a comparison to the same period in the previous 2 years.

6 months to
25 Apr 2024
Same period 2023 Same period 2022
Rank 135 160 192
Rank change year-on-year +25 +32 -40
Contract jobs citing Benchmarking 2 3 7
As % of all contract jobs advertised in the Midlands 0.073% 0.087% 0.14%
As % of the Processes & Methodologies category 0.089% 0.098% 0.16%
Number of daily rates quoted 0 2 4
10th Percentile - £521 £270
25th Percentile - £526 £281
Median daily rate (50th Percentile) - £543 £325
Median % change year-on-year - +66.92% -22.62%
75th Percentile - £552 £388
90th Percentile - £552 £410
England median daily rate £475 £635 £525
% change year-on-year -25.20% +20.95% +23.53%
Number of hourly rates quoted 0 1 1
Median hourly rate - £24.00 £25.53
Median % change year-on-year - -5.99% -
England median hourly rate £15.79 £24.00 £22.68
% change year-on-year -34.21% +5.82% -41.85%

All Process and Methodology Skills
Midlands

Benchmarking is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in the Midlands with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 2,253 3,057 4,469
As % of all contract IT jobs advertised in the Midlands 82.14% 88.38% 88.13%
Number of daily rates quoted 1,505 2,131 3,302
10th Percentile £236 £250 £233
25th Percentile £356 £370 £364
Median daily rate (50th Percentile) £475 £488 £475
Median % change year-on-year -2.56% +2.63% +17.65%
75th Percentile £600 £588 £566
90th Percentile £700 £675 £663
England median daily rate £525 £550 £535
% change year-on-year -4.55% +2.80% +9.41%
Number of hourly rates quoted 172 120 155
10th Percentile £11.07 £11.80 £10.20
25th Percentile £13.81 £15.00 £13.50
Median hourly rate £19.00 £17.72 £17.48
Median % change year-on-year +7.22% +1.37% +9.25%
75th Percentile £35.00 £26.64 £22.00
90th Percentile £55.00 £55.25 £33.30
England median hourly rate £35.25 £37.50 £24.00
% change year-on-year -6.00% +56.25% -

Benchmarking
Job Vacancy Trend in the Midlands

Job postings citing Benchmarking as a proportion of all IT jobs advertised in the Midlands.

Job vacancy trend for Benchmarking in the Midlands

Benchmarking
Contractor Daily Rate Trend in the Midlands

3-month moving average daily rate quoted in jobs citing Benchmarking in the Midlands.

Daily rate trend for Benchmarking in the Midlands

Benchmarking
Contractor Hourly Rate Trend in the Midlands

3-month moving average hourly rates quoted in jobs citing Benchmarking in the Midlands.

Hourly rate trend for Benchmarking in the Midlands

Benchmarking
Contract Job Locations in the Midlands

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Benchmarking within the Midlands region over the 6 months to 25 April 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
West Midlands - 2 - - 14
Benchmarking
England

Benchmarking
Co-occurring Skills and Capabilities in the Midlands by Category

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

Applications
1 1 (50.00%) Simulink
General
1 1 (50.00%) Finance
Job Titles
1 1 (50.00%) Analyst
1 1 (50.00%) Financial Analyst
1 1 (50.00%) Systems Engineer
Miscellaneous
1 1 (50.00%) Algorithms
Processes & Methodologies
1 1 (50.00%) Artificial Intelligence
1 1 (50.00%) Business Case
1 1 (50.00%) Hardware-in-the-Loop
1 1 (50.00%) Machine Learning
1 1 (50.00%) Model-Based Systems Engineering
1 1 (50.00%) Project Management
1 1 (50.00%) Systems Engineering
1 1 (50.00%) Validation
1 1 (50.00%) Verification and Validation
Programming Languages
1 1 (50.00%) C++
1 1 (50.00%) MATLAB
1 1 (50.00%) Python
Quality Assurance & Compliance
1 1 (50.00%) ISO 26262
Systems Management
1 1 (50.00%) Functional Safety