The first table below looks at the prevalence of the term Contract for Difference in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Contract for Difference over the 3 months to 18 April 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all terms in our Miscellaneous category.

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
18 Apr 2014
Same period 2013 Same period 2012
Contract for Difference (CFD)
Rank 577 533 546
Rank change year-on-year
-44 +13
Contract jobs citing Contract for Difference 10 11 42
As % of all contract IT jobs located in the UK 0.018% 0.023% 0.069%
As % of the Miscellaneous category 0.070% 0.090% 0.28%
Number of daily rates quoted 7 6 21
Average daily rate £413 £550 £400
Average daily rate % change year-on-year
-25.00% +37.50%
90% offered a daily rate of more than £335 £525 £350
10% offered a daily rate of more than £500 £550 £625
UK excluding London average daily rate - £550 -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Miscellaneous Category
UK
Contract IT job ads with a match in the
Miscellaneous category
14311 12220 14892
As % of all contract IT jobs located in the UK 25.42% 25.61% 24.56%
Number of daily rates quoted 8841 7349 8662
Average daily rate £415 £425 £425
Average daily rate % change year-on-year
-2.35% -
90% offered a daily rate of more than £225 £240 £250
10% offered a daily rate of more than £625 £600 £625
UK excluding London average daily rate £345 £340 £350
% change year-on-year
+1.47% -2.85%
Number of hourly rates quoted 568 621 771
Average hourly rate £20.00 £21.50 £25.00
Average hourly rate % change year-on-year
-6.97% -14.00%
90% offered a hourly rate of more than £11.50 £12.00 £12.00
10% offered a hourly rate of more than £41.00 £42.50 £45.00
UK excluding London average hourly rate £17.50 £21.00 £25.00
% change year-on-year
-16.66% -16.00%

Contract for Difference
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing Contract for Difference within the UK as a proportion of the total demand within the Miscellaneous category.

Contract for Difference Jobs Demand Trend in the UK

Contract for Difference
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Contract for Difference within the UK.

Contract for Difference Daily Rate Trend in the UK

Contract for Difference
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Contract for Difference within the UK over the 3 months to 18 April 2014.

Contract for Difference Daily Rate Histogram in the UK

Contract for Difference
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Contract for Difference within the UK.

Contract for Difference Hourly Rate Trend in the UK

Contract for Difference
Top 6 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Contract for Difference within the UK over the 3 months to 18 April 2014. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Click each for more statistics)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Find
Job
Vacancies
London -19 10 £413 -17.50% 4
England -88 10 £413 -25.00% 4
City of London -11 3 £413 -17.50% 3
East of England - - - -
Watford - - - -
Hertfordshire - - - -

Contract for Difference
Top 30 Related IT Skills

For the 6 months to 18 April 2014, IT contractor jobs within the UK citing Contract for Difference 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 Contract for Difference.

1 8 (61.54%) Finance
2 6 (46.15%) SQL
3 4 (30.77%) .NET
3 4 (30.77%) Windows
3 4 (30.77%) Microsoft
3 4 (30.77%) Windows Server 2003
3 4 (30.77%) Foreign Exchange (FX)
3 4 (30.77%) Front Office
3 4 (30.77%) Banking
3 4 (30.77%) Spread Betting
4 3 (23.08%) Derivative
4 3 (23.08%) Asset Management
4 3 (23.08%) MS Excel
4 3 (23.08%) ITIL
4 3 (23.08%) MS Office
5 2 (15.38%) CSS
5 2 (15.38%) ActionScript
5 2 (15.38%) Oracle
5 2 (15.38%) Photoshop
5 2 (15.38%) MCP
5 2 (15.38%) Linux
5 2 (15.38%) MS Visio
5 2 (15.38%) Calypso
5 2 (15.38%) Microsoft Certification
5 2 (15.38%) NetApp
5 2 (15.38%) HTML
5 2 (15.38%) Red Hat
5 2 (15.38%) Back Office
5 2 (15.38%) Games
5 2 (15.38%) Equities

Contract for Difference
Top Related IT Skills by Category

For the 6 months to 18 April 2014, IT contractor jobs within the UK citing Contract for Difference 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 Contract for Difference. Up to 20 skills are shown per category.

Applications
1 3 (23.08%) MS Excel
1 3 (23.08%) MS Office
2 2 (15.38%) Photoshop
2 2 (15.38%) MS Visio
2 2 (15.38%) Adobe Illustrator
2 2 (15.38%) MS PowerPoint
3 1 (7.69%) MS Project
Business Applications
1 1 (7.69%) Global One
Communications & Networking
1 1 (7.69%) DNS
Database & Business Intelligence
1 2 (15.38%) Oracle Database
1 2 (15.38%) Oracle Database 11g
2 1 (7.69%) Relational Database
2 1 (7.69%) Essbase
2 1 (7.69%) Data Warehouse
2 1 (7.69%) RDBMS
General
1 8 (61.54%) Finance
2 4 (30.77%) Front Office
2 4 (30.77%) Banking
3 2 (15.38%) Back Office
3 2 (15.38%) Games
3 2 (15.38%) Investment Banking
3 2 (15.38%) Marketing
Job Titles
1 6 (46.15%) Analyst
2 3 (23.08%) Applications Support
2 3 (23.08%) Business Analyst
3 2 (15.38%) DBA
3 2 (15.38%) Support Analyst
3 2 (15.38%) Oracle DBA
3 2 (15.38%) Designer
3 2 (15.38%) Digital Designer
4 1 (7.69%) Business Continuity Manager
4 1 (7.69%) Business Manager
4 1 (7.69%) Project Analyst
4 1 (7.69%) Business Continuity Analyst
4 1 (7.69%) Business Project Manager
4 1 (7.69%) Test Analyst
4 1 (7.69%) Project Manager
Libraries, Frameworks & Software Standards
1 4 (30.77%) .NET
2 2 (15.38%) CSS
2 2 (15.38%) HTML
2 2 (15.38%) HTML5
Miscellaneous
1 4 (30.77%) Foreign Exchange (FX)
1 4 (30.77%) Spread Betting
2 3 (23.08%) Derivative
3 2 (15.38%) Equities
4 1 (7.69%) Market Risk
4 1 (7.69%) Fat Client
4 1 (7.69%) Hedge funds
4 1 (7.69%) Replication
4 1 (7.69%) Thin Client
4 1 (7.69%) Blackberry
Operating Systems
1 4 (30.77%) Windows
1 4 (30.77%) Windows Server 2003
2 2 (15.38%) Linux
2 2 (15.38%) Red Hat Enterprise Linux
Processes & Methodologies
1 3 (23.08%) Asset Management
1 3 (23.08%) ITIL
2 2 (15.38%) Business Analysis
3 1 (7.69%) Load Testing
3 1 (7.69%) Data Protection
3 1 (7.69%) High Availability
3 1 (7.69%) Database Security
3 1 (7.69%) Business Continuity Planning
3 1 (7.69%) Business Continuity Management
3 1 (7.69%) Business Continuity
3 1 (7.69%) Disaster Recovery
3 1 (7.69%) Security Management
3 1 (7.69%) BCP
3 1 (7.69%) Project Management
3 1 (7.69%) Business Intelligence
Programming Languages
1 6 (46.15%) SQL
2 2 (15.38%) ActionScript
Qualifications
1 2 (15.38%) MCP
1 2 (15.38%) Microsoft Certification
2 1 (7.69%) Degree
Quality Assurance & Compliance
1 1 (7.69%) SLA
System Software
1 2 (15.38%) Oracle RAC
2 1 (7.69%) Oracle RMAN
2 1 (7.69%) Active Directory
Vendors
1 4 (30.77%) Microsoft
2 2 (15.38%) Oracle
2 2 (15.38%) Calypso
2 2 (15.38%) NetApp
2 2 (15.38%) Red Hat
3 1 (7.69%) Sophis
3 1 (7.69%) Citrix