The table below looks at the prevalence of the term Chip and PIN in IT contracts advertised for the South West 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 24 December 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
24 Dec 2014
Same period 2013 Same period 2012
Chip and PIN
Rank - 114 123
Contract jobs citing Chip and PIN 0 6 5
As % of all contract IT jobs located in the South West - 0.25% 0.19%
As % of the Miscellaneous category - 1.08% 0.73%
Number of daily rates quoted 0 0 5
Average daily rate
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- - £285
UK excluding London average daily rate £288 £269 £285
% change year-on-year
+6.97% -5.70%
Number of hourly rates quoted 0 3 0
Average hourly rate - £15.00 -
UK excluding London average hourly rate £13.86 £15.00 -
% change year-on-year
-7.60% -
Chip and PIN
England

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

Miscellaneous Category
South West
Contract IT job ads with a match in the
Miscellaneous category
837 554 682
As % of all contract IT jobs located in the South West 25.62% 23.48% 25.63%
Number of daily rates quoted 551 344 336
Average daily rate £400 £331 £338
Average daily rate % change year-on-year
+20.75% -1.85%
90% offered a daily rate of more than £215 £220 £225
10% offered a daily rate of more than £550 £475 £475
UK excluding London average daily rate £375 £350 £340
% change year-on-year
+7.14% +2.94%
Number of hourly rates quoted 52 58 65
Average hourly rate £26.50 £21.50 £39.00
Average hourly rate % change year-on-year
+23.25% -44.87%
90% offered a hourly rate of more than £12.00 £13.00 £12.65
10% offered a hourly rate of more than £47.50 £35.00 £45.00
UK excluding London average hourly rate £17.50 £19.00 £19.94
% change year-on-year
-7.89% -4.71%

Chip and PIN
Jobs Demand Trend in the South West

This chart provides a 3-month moving total of IT contractor jobs citing Chip and PIN across the South West region as a proportion of the total demand within the Miscellaneous category.

Chip and PIN Jobs Demand Trend in the South West

Chip and PIN
Daily Rate Trend in the South West

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Chip and PIN across the South West region.

Chip and PIN Daily Rate Trend in the South West

Chip and PIN
Hourly Rate Trend in the South West

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Chip and PIN across the South West region.

Chip and PIN Hourly Rate Trend in the South West