The table below looks at the statistics for FATCA skills in IT contracts advertised for the South West region. Included is a guide to the contractor rates offered in IT contracts that have cited FATCA over the 3 months to 4 May 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
4 May 2016
Same period 2015 Same period 2014
Foreign Account Tax Compliance Act (FATCA)
Rank - 134 143
Contract jobs citing FATCA 0 5 2
As % of all contract IT jobs located in the South West - 0.16% 0.063%
As % of the Quality Assurance & Compliance category - 1.67% 0.53%
Number of daily rates quoted 0 5 2
Median daily rate - £550 £380
Median daily rate % change year-on-year
- +44.73%
UK excluding London median daily rate £325 £388 £400
% change year-on-year
-16.12% -3.12%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
FATCA
England

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

Quality Assurance & Compliance Category
South West
Contract IT job ads with a match in the
Quality Assurance & Compliance category
296 300 375
As % of all contract IT jobs located in the South West 10.22% 9.77% 11.73%
Number of daily rates quoted 171 183 232
Median daily rate £400 £420 £424
Median daily rate % change year-on-year
-4.76% -1.00%
90% offered a daily rate of more than £250 £257 £275
10% offered a daily rate of more than £561 £575 £600
UK excluding London median daily rate £400 £387 £368
% change year-on-year
+3.35% +5.30%
Number of hourly rates quoted 31 13 31
Median hourly rate £42.00 £35.00 £27.50
Median hourly rate % change year-on-year
+20.00% +27.27%
90% offered a hourly rate of more than £23.90 £22.60 £14.30
10% offered a hourly rate of more than £50.50 £42.50 £41.55
UK excluding London median hourly rate £25.50 £29.00 £21.00
% change year-on-year
-12.06% +38.09%

FATCA
Jobs Demand Trend in the South West

The demand trend of contract jobs across the South West region citing FATCA as a proportion of all IT contracts with a match in the Quality Assurance & Compliance category.

FATCA Jobs Demand Trend in the South West

FATCA
Daily Rate Trend in the South West

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

FATCA Daily Rate Trend in the South West