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 6 May 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
6 May 2015
Same period 2014 Same period 2013
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
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- - -
UK excluding London average daily rate £400 £400 £375
% change year-on-year
- +6.66%
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
74 102 46
As % of all contract IT jobs located in Somerset 21.14% 22.77% 22.33%
Number of daily rates quoted 40 75 19
Average daily rate £425 £325 £400
Average daily rate % change year-on-year
+30.76% -18.75%
90% offered a daily rate of more than £306 £275 £288
10% offered a daily rate of more than £675 £499 £460
UK excluding London average daily rate £400 £375 £375
% change year-on-year
+6.66% -
Number of hourly rates quoted 7 2 2
Average hourly rate £37.00 £36.92 £13.88
Average hourly rate % change year-on-year
+0.21% +166.09%
90% offered a hourly rate of more than £10.00 £34.46 £10.58
10% offered a hourly rate of more than £38.25 £39.38 £17.18
UK excluding London average hourly rate £25.00 £26.00 £26.50
% change year-on-year
-3.84% -1.88%

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