The table below looks at the prevalence of the term Retail Banking in IT contracts advertised for the Midlands region. Included is a guide to the average contractor rates offered in IT contracts that have cited Retail Banking over the 3 months to 29 August 2014 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
29 Aug 2014
Same period 2013 Same period 2012
Retail Banking
Rank - - 37
Contract jobs citing Retail Banking 0 0 1
As % of all contract IT jobs located in the Midlands - - 0.33%
As % of the General category - - 0.92%
Number of daily rates quoted 0 0 1
Average daily rate
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- - £375
UK excluding London average daily rate £438 £400 £380
% change year-on-year
+9.37% +5.26%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - £10.00 -
Retail Banking
England

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

General Category
Midlands
Contract IT job ads with a match in the
General category
61 47 109
As % of all contract IT jobs located in the Midlands 33.89% 23.38% 36.33%
Number of daily rates quoted 17 23 32
Average daily rate £425 £375 £375
Average daily rate % change year-on-year
+13.33% -
90% offered a daily rate of more than £212 £300 £150
10% offered a daily rate of more than £525 £550 £431
UK excluding London average daily rate £388 £385 £375
% change year-on-year
+0.64% +2.66%
Number of hourly rates quoted 3 1 8
Average hourly rate £37.00 £6.50 £27.85
Average hourly rate % change year-on-year
+469.23% -76.65%
UK excluding London average hourly rate £22.50 £22.50 £29.00
% change year-on-year
- -22.41%

Retail Banking
Jobs Demand Trend in the Midlands

This chart provides a 3-month moving total of IT contractor jobs citing Retail Banking across the Midlands region as a proportion of the total demand within the General category.

Retail Banking Jobs Demand Trend in the Midlands

Retail Banking
Daily Rate Trend in the Midlands

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

Retail Banking Daily Rate Trend in the Midlands