The table below looks at the prevalence of the term Chip and PIN in IT contracts advertised for the Somerset region. Included is a guide to the average contractor rates offered in IT contracts that have cited Chip and PIN over the 3 months to 2 September 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
2 Sep 2014
Same period 2013 Same period 2012
Chip and PIN
Rank - - -
Contract jobs citing Chip and PIN 0 0 0
As % of all contract IT jobs located in Somerset - - -
As % of the Miscellaneous category - - -
Number of daily rates quoted 0 0 0
Average daily rate
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- - -
UK excluding London average daily rate £120 £350 -
% change year-on-year
-65.71% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £11.00 £14.75 £12.00
% change year-on-year
-25.42% +22.91%
Chip and PIN
South West

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

Miscellaneous Category
Somerset
Contract IT job ads with a match in the
Miscellaneous category
65 45 25
As % of all contract IT jobs located in Somerset 18.47% 19.15% 13.51%
Number of daily rates quoted 51 21 15
Average daily rate £495 £320 £375
Average daily rate % change year-on-year
+54.68% -14.66%
90% offered a daily rate of more than £300 £200 £188
10% offered a daily rate of more than £650 £400 £415
UK excluding London average daily rate £350 £350 £338
% change year-on-year
- +3.70%
Number of hourly rates quoted 2 3 3
Average hourly rate £24.21 £17.65 £35.00
Average hourly rate % change year-on-year
+37.16% -49.57%
UK excluding London average hourly rate £19.91 £17.69 £29.00
% change year-on-year
+12.54% -39.00%