The table below looks at the prevalence of the term EFT in IT contracts advertised for the South West region. Included is a guide to the contractor rates offered in IT contracts that have cited EFT over the 3 months to 23 August 2016 with a comparison to the same period over 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.

3 months to
23 Aug 2016
Same period 2015 Same period 2014
Electronic Funds Transfer (EFT)
Rank - - 146
Contract jobs citing EFT 0 0 4
As % of all contract IT jobs located in the South West - - 0.13%
As % of the Miscellaneous category - - 0.52%
Number of daily rates quoted 0 0 4
Median daily rate - - £538
UK excluding London median daily rate £145 £435 £538
% change year-on-year
-66.66% -19.14%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
EFT
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
880 909 765
As % of all contract IT jobs located in the South West 30.00% 27.50% 24.57%
Number of daily rates quoted 579 577 460
Median daily rate £365 £375 £375
Median daily rate % change year-on-year
-2.66% -
90% offered a daily rate of more than £230 £225 £220
10% offered a daily rate of more than £525 £525 £540
UK excluding London median daily rate £380 £375 £350
% change year-on-year
+1.33% +7.14%
Number of hourly rates quoted 69 49 51
Median hourly rate £26.50 £37.50 £21.00
Median hourly rate % change year-on-year
-29.33% +78.57%
90% offered a hourly rate of more than £12.00 £13.07 £12.50
10% offered a hourly rate of more than £43.90 £55.00 £42.50
UK excluding London median hourly rate £22.25 £19.08 £19.00
% change year-on-year
+16.61% +0.42%

EFT
Jobs Demand Trend in the South West

The demand trend of contract jobs across the South West region citing EFT as a proportion of all IT contracts with a match in the Miscellaneous category.

EFT Jobs Demand Trend in the South West

EFT
Daily Rate Trend in the South West

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

EFT Daily Rate Trend in the South West