The table below looks at the prevalence of the term Retail Banking in IT contracts advertised for the Somerset region. Included is a guide to the average contractor rates offered in IT contracts that have cited Retail Banking over the 3 months to 10 February 2016 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
10 Feb 2016
Same period 2015 Same period 2014
Retail Banking
Rank - - -
Contract jobs citing Retail Banking 0 0 0
As % of all contract IT jobs located in Somerset - - -
As % of the General category - - -
Number of daily rates quoted 0 0 0
Average daily rate - - -
UK excluding London average daily rate £450 £440 £400
% change year-on-year
+2.27% +10.00%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Retail Banking
South West

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

General Category
Somerset
Contract IT job ads with a match in the
General category
105 66 66
As % of all contract IT jobs located in Somerset 34.65% 21.57% 28.57%
Number of daily rates quoted 66 46 46
Average daily rate £365 £490 £275
Average daily rate % change year-on-year
-25.51% +78.18%
90% offered a daily rate of more than £295 £325 £183
10% offered a daily rate of more than £475 £698 £400
UK excluding London average daily rate £400 £400 £388
% change year-on-year
- +3.22%
Number of hourly rates quoted 17 4 4
Average hourly rate £43.17 £37.20 £31.25
Average hourly rate % change year-on-year
+16.04% +19.04%
90% offered a hourly rate of more than £18.80 £35.42 £30.00
10% offered a hourly rate of more than £57.00 £42.90 £34.25
UK excluding London average hourly rate £33.66 £25.50 £23.00
% change year-on-year
+31.98% +10.86%

Retail Banking
Jobs Demand Trend in Somerset

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

Retail Banking Jobs Demand Trend in Somerset

Retail Banking
Daily Rate Trend in Somerset

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

Retail Banking Daily Rate Trend in Somerset