The table below looks at the statistics for Solvency II skills in IT contracts advertised for the North West region. Included is a guide to the average contractor rates offered in IT contracts that have cited Solvency II over the 3 months to 31 July 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
31 Jul 2015
Same period 2014 Same period 2013
Solvency II
Rank 155 129 134
Rank change year-on-year
-26 +5
Contract jobs citing Solvency II 3 3 2
As % of all contract IT jobs located in the North West 0.078% 0.100% 0.074%
As % of the Quality Assurance & Compliance category 0.91% 1.55% 1.27%
Number of daily rates quoted 3 3 0
Average daily rate
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£660 £425 -
Average daily rate % change year-on-year
+55.29% -
UK excluding London average daily rate £500 £450 £425
% change year-on-year
+11.11% +5.88%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Solvency II
England

The following table is for comparison with the above and provides statistics for the entire Quality Assurance & Compliance category in contract jobs advertised in the North West region.

Quality Assurance & Compliance Category
North West
Contract IT job ads with a match in the
Quality Assurance & Compliance category
328 194 157
As % of all contract IT jobs located in the North West 8.57% 6.46% 5.78%
Number of daily rates quoted 196 95 71
Average daily rate £413 £375 £325
Average daily rate % change year-on-year
+10.00% +15.38%
90% offered a daily rate of more than £275 £200 £213
10% offered a daily rate of more than £650 £525 £425
UK excluding London average daily rate £388 £375 £350
% change year-on-year
+3.33% +7.14%
Number of hourly rates quoted 15 22 19
Average hourly rate £15.77 £16.50 £17.50
Average hourly rate % change year-on-year
-4.42% -5.71%
90% offered a hourly rate of more than £13.10 £9.50 £10.50
10% offered a hourly rate of more than £21.64 £53.50 £20.60
UK excluding London average hourly rate £21.55 £20.50 £17.50
% change year-on-year
+5.12% +17.14%

Solvency II
Jobs Demand Trend in the North West

This chart provides a 3-month moving total of IT contractor jobs citing Solvency II across the North West region as a proportion of the total demand within the Quality Assurance & Compliance category.

Solvency II Jobs Demand Trend in the North West

Solvency II
Daily Rate Trend in the North West

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Solvency II across the North West region.

Solvency II Daily Rate Trend in the North West

Solvency II
Daily Rate Histogram in the North West

This chart provides a histogram of daily rates quoted in contract IT jobs citing Solvency II across the North West region over the 3 months to 31 July 2015.

Solvency II Daily Rate Histogram in the North West

Solvency II
Contract Job Locations in the North West

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Solvency II within the North West region over the 3 months to 31 July 2015. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
Cheshire - 2 £660 -
Manchester - 1 £525 - 3
Solvency II
England

Solvency II
Top 16 Related IT Skills in the North West

For the 6 months to 31 July 2015, IT contractor jobs across the North West region citing Solvency II 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 Solvency II.

1 6 (100.00%) Finance
2 2 (33.33%) Oracle
2 2 (33.33%) Oracle Financials
2 2 (33.33%) Stakeholder Management
3 1 (16.67%) Business Continuity
3 1 (16.67%) Risk Assessment
3 1 (16.67%) Project Planning
3 1 (16.67%) Matrix Management
3 1 (16.67%) Release Management
3 1 (16.67%) Data Modelling
3 1 (16.67%) ETL
3 1 (16.67%) Business Intelligence
3 1 (16.67%) Quality Management
3 1 (16.67%) Change Control
3 1 (16.67%) Data Reconciliation
3 1 (16.67%) Procure-to-pay

Solvency II
Top Related IT Skills in the North West by Category

For the 6 months to 31 July 2015, IT contractor jobs across the North West region citing Solvency II 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 Solvency II. Up to 20 skills are shown per category.

Business Applications
1 2 (33.33%) Oracle Financials
General
1 6 (100.00%) Finance
Job Titles
1 3 (50.00%) Project Manager
1 3 (50.00%) Solvency II Project Manager
2 1 (16.67%) Configuration and Release Manager
2 1 (16.67%) Programme Manager
2 1 (16.67%) Senior Manager
2 1 (16.67%) Configuration Manager
2 1 (16.67%) Release Manager
2 1 (16.67%) Senior Project Manager
2 1 (16.67%) IT Programme Manager
2 1 (16.67%) Business Manager
Processes & Methodologies
1 2 (33.33%) Stakeholder Management
2 1 (16.67%) Business Continuity
2 1 (16.67%) Risk Assessment
2 1 (16.67%) Project Planning
2 1 (16.67%) Matrix Management
2 1 (16.67%) Release Management
2 1 (16.67%) Change Control
2 1 (16.67%) Data Reconciliation
2 1 (16.67%) Procure-to-pay
2 1 (16.67%) Data Modelling
2 1 (16.67%) ETL
2 1 (16.67%) Business Intelligence
2 1 (16.67%) Quality Management
Vendors
1 2 (33.33%) Oracle