The 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 28 August 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
28 Aug 2014
Same period 2013 Same period 2012
Contract for Difference (CFD)
Rank 611 570 575
Rank change year-on-year
-41 +5
Contract jobs citing Contract for Difference 1 4 19
As % of all contract IT jobs located in the UK 0.002% 0.008% 0.033%
As % of the Miscellaneous category 0.007% 0.029% 0.13%
Number of daily rates quoted 0 4 16
Average daily rate
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- £500 £438
Average daily rate % change year-on-year
- +14.28%
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -

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

Miscellaneous Category
UK
Contract IT job ads with a match in the
Miscellaneous category
14177 13712 14466
As % of all contract IT jobs located in the UK 25.48% 26.03% 25.00%
Number of daily rates quoted 8477 8426 8407
Average daily rate £413 £425 £425
Average daily rate % change year-on-year
-2.94% -
90% offered a daily rate of more than £243 £250 £250
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £350 £350 £338
% change year-on-year
- +3.70%
Number of hourly rates quoted 624 604 795
Average hourly rate £19.00 £19.40 £26.00
Average hourly rate % change year-on-year
-2.06% -25.38%
90% offered a hourly rate of more than £12.06 £12.00 £12.00
10% offered a hourly rate of more than £44.90 £42.50 £45.00
UK excluding London average hourly rate £19.00 £17.50 £29.00
% change year-on-year
+8.57% -39.65%

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
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 3 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 28 August 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
(Use links below to see detailed
statistics and historical trends)
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
Live
Job
Vacancies
England -19 1 - - 1
London - - - - 1
City of London - - - - 1

Contract for Difference
Top 17 Related IT Skills

For the 6 months to 28 August 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 2 (100.00%) Linux
2 1 (50.00%) Python
2 1 (50.00%) NetApp
2 1 (50.00%) Red Hat
2 1 (50.00%) Finance
2 1 (50.00%) Automotive
2 1 (50.00%) Spread Betting
2 1 (50.00%) Oracle RAC
2 1 (50.00%) Oracle Database 11g
2 1 (50.00%) jQuery
2 1 (50.00%) Red Hat Enterprise Linux
2 1 (50.00%) Git (software)
2 1 (50.00%) Qt
2 1 (50.00%) Oracle Database
2 1 (50.00%) JavaScript
2 1 (50.00%) SQL
2 1 (50.00%) Oracle

Contract for Difference
Top Related IT Skills by Category

For the 6 months to 28 August 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.

Database & Business Intelligence
1 1 (50.00%) Oracle Database 11g
1 1 (50.00%) Oracle Database
Development Applications
1 1 (50.00%) Git (software)
General
1 1 (50.00%) Finance
1 1 (50.00%) Automotive
Job Titles
1 1 (50.00%) Software Developer
1 1 (50.00%) Developer
1 1 (50.00%) DBA
1 1 (50.00%) Oracle DBA
Libraries, Frameworks & Software Standards
1 1 (50.00%) jQuery
1 1 (50.00%) Qt
Miscellaneous
1 1 (50.00%) Spread Betting
Operating Systems
1 2 (100.00%) Linux
2 1 (50.00%) Red Hat Enterprise Linux
Programming Languages
1 1 (50.00%) JavaScript
1 1 (50.00%) SQL
1 1 (50.00%) Python
System Software
1 1 (50.00%) Oracle RAC
Vendors
1 1 (50.00%) Oracle
1 1 (50.00%) NetApp
1 1 (50.00%) Red Hat