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 average contractor rates offered in IT contracts that have cited FATCA over the 3 months to 19 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
19 Dec 2014
Same period 2013 Same period 2012
Foreign Account Tax Compliance Act (FATCA)
Rank 141 122 125
Rank change year-on-year
-19 +3
Contract jobs citing FATCA 4 1 2
As % of all contract IT jobs located in the South West 0.12% 0.042% 0.074%
As % of the Quality Assurance & Compliance category 1.36% 0.55% 1.05%
Number of daily rates quoted 4 1 2
Average daily rate
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£526 £425 £455
Average daily rate % change year-on-year
+23.64% -6.59%
90% offered a daily rate of more than £482 £425 £435
10% offered a daily rate of more than £543 £425 £475
UK excluding London average daily rate £500 £425 £348
% change year-on-year
+17.64% +22.30%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average 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
294 182 190
As % of all contract IT jobs located in the South West 8.93% 7.71% 7.06%
Number of daily rates quoted 197 118 100
Average daily rate £425 £375 £401
Average daily rate % change year-on-year
+13.33% -6.36%
90% offered a daily rate of more than £208 £180 £250
10% offered a daily rate of more than £550 £476 £600
UK excluding London average daily rate £368 £350 £350
% change year-on-year
+5.00% -
Number of hourly rates quoted 10 10 20
Average hourly rate £44.50 £21.25 £37.50
Average hourly rate % change year-on-year
+109.41% -43.33%
90% offered a hourly rate of more than £15.92 £12.20 £13.60
10% offered a hourly rate of more than £62.50 £39.50 £39.20
UK excluding London average hourly rate £18.75 £18.55 £20.00
% change year-on-year
+1.07% -7.25%

FATCA
Jobs Demand Trend in the South West

This chart provides a 3-month moving total of IT contractor jobs citing FATCA across the South West region as a proportion of the total demand within 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

FATCA
Top 26 Related IT Skills in the South West

For the 6 months to 19 December 2014, IT contractor jobs across the South West region citing FATCA also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited FATCA.

1 9 (100.00%) Finance
1 9 (100.00%) COREP
1 9 (100.00%) FINREP
2 7 (77.78%) ACCA
2 7 (77.78%) Sarbanes-Oxley
2 7 (77.78%) CIMA
3 6 (66.67%) Business Analysis
3 6 (66.67%) Requirements Analysis
3 6 (66.67%) GAP Analysis
4 2 (22.22%) Banking
4 2 (22.22%) Stakeholder Management
4 2 (22.22%) Information Management
5 1 (11.11%) PRINCE2
5 1 (11.11%) PRINCE2 Certification
5 1 (11.11%) PRINCE
5 1 (11.11%) Change Management
5 1 (11.11%) Financial Institution
5 1 (11.11%) Retail Banking
5 1 (11.11%) User Acceptance Testing
5 1 (11.11%) Basel III
5 1 (11.11%) Solvency II
5 1 (11.11%) Business Transformation
5 1 (11.11%) Mobile Banking
5 1 (11.11%) Investment Banking
5 1 (11.11%) Analytical Skills
5 1 (11.11%) Retail

FATCA
Top Related IT Skills in the South West by Category

For the 6 months to 19 December 2014, IT contractor jobs across the South West region citing FATCA also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited FATCA. Up to 20 skills are shown per category.

General
1 9 (100.00%) Finance
2 2 (22.22%) Banking
3 1 (11.11%) Financial Institution
3 1 (11.11%) Retail Banking
3 1 (11.11%) Investment Banking
3 1 (11.11%) Retail
Job Titles
1 7 (77.78%) Senior Analyst
1 7 (77.78%) Business Analyst
1 7 (77.78%) Analyst
1 7 (77.78%) Senior Business Analyst
2 2 (22.22%) Project Manager
3 1 (11.11%) Banking Business Analyst
3 1 (11.11%) Lead Business Analyst
3 1 (11.11%) Banking Analyst
Miscellaneous
1 1 (11.11%) Mobile Banking
1 1 (11.11%) Analytical Skills
Processes & Methodologies
1 6 (66.67%) Business Analysis
1 6 (66.67%) Requirements Analysis
1 6 (66.67%) GAP Analysis
2 2 (22.22%) Stakeholder Management
2 2 (22.22%) Information Management
3 1 (11.11%) PRINCE2
3 1 (11.11%) PRINCE
3 1 (11.11%) Change Management
3 1 (11.11%) User Acceptance Testing
3 1 (11.11%) Business Transformation
Qualifications
1 7 (77.78%) ACCA
1 7 (77.78%) CIMA
2 1 (11.11%) PRINCE2 Certification
Quality Assurance & Compliance
1 9 (100.00%) COREP
1 9 (100.00%) FINREP
2 7 (77.78%) Sarbanes-Oxley
3 1 (11.11%) Basel III
3 1 (11.11%) Solvency II