The table below looks at the prevalence of the term EFT in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited EFT over the 3 months to 29 May 2015 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
29 May 2015
Same period 2014 Same period 2013
Electronic Funds Transfer (EFT)
Rank 592 574 541
Rank change year-on-year
-18 -33
Contract jobs citing EFT 4 21 13
As % of all contract IT jobs located in the UK 0.008% 0.040% 0.027%
As % of the Miscellaneous category 0.024% 0.13% 0.084%
Number of daily rates quoted 2 10 0
Average daily rate
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£383 £482 -
Average daily rate % change year-on-year
-20.56% -
UK excluding London average daily rate £365 £345 -
% change year-on-year
+5.79% -
Number of hourly rates quoted 0 0 1
Average hourly rate - - £15.50
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
16812 16661 15515
As % of all contract IT jobs located in the UK 31.53% 31.47% 32.77%
Number of daily rates quoted 10365 10360 9121
Average daily rate £413 £401 £425
Average daily rate % change year-on-year
+2.99% -5.76%
90% offered a daily rate of more than £250 £230 £240
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 667 657 668
Average hourly rate £18.71 £21.00 £22.50
Average hourly rate % change year-on-year
-10.90% -6.66%
90% offered a hourly rate of more than £12.00 £12.00 £12.50
10% offered a hourly rate of more than £45.00 £42.50 £45.00
UK excluding London average hourly rate £19.00 £21.50 £21.50
% change year-on-year
-11.62% -

EFT
Jobs Demand Trend

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

EFT Jobs Demand Trend in the UK

EFT
Daily Rate Trend

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

EFT Daily Rate Trend in the UK

EFT
Hourly Rate Trend

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

EFT Hourly Rate Trend in the UK

EFT
Top 4 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing EFT within the UK over the 3 months to 29 May 2015. 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 -39 4 £383 -20.56% 2
London -4 3 £400 -20.00% 2
Manchester - 1 £365 -
North West - 1 £365 -

EFT
Top 30 Related IT Skills

For the 6 months to 29 May 2015, IT contractor jobs within the UK citing EFT 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 EFT.

1 8 (53.33%) EPoS
2 7 (46.67%) ATM
2 7 (46.67%) ISO 8583
3 6 (40.00%) E-Commerce
3 6 (40.00%) Finance
4 5 (33.33%) EMV
4 5 (33.33%) EFTPOS
4 5 (33.33%) APACS
5 4 (26.67%) Supply Chain Management
5 4 (26.67%) Wincor Nixdorf
5 4 (26.67%) Project Planning
5 4 (26.67%) SAP FSCM
5 4 (26.67%) Cash Management
5 4 (26.67%) Chip and PIN
5 4 (26.67%) Smartcard
5 4 (26.67%) Mobile Commerce
5 4 (26.67%) Sage
5 4 (26.67%) SAP
5 4 (26.67%) VocaLink
5 4 (26.67%) TSYS
5 4 (26.67%) VeriFone
5 4 (26.67%) Bankmaster
5 4 (26.67%) WorldPay
5 4 (26.67%) Sage Pay
5 4 (26.67%) Elavon
5 4 (26.67%) Ingenico
6 3 (20.00%) SQL
6 3 (20.00%) SAP FI
6 3 (20.00%) Retail
6 3 (20.00%) SAP FI/CO

EFT
Top Related IT Skills by Category

For the 6 months to 29 May 2015, IT contractor jobs within the UK citing EFT 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 EFT. Up to 20 skills are shown per category.

Applications
1 1 (6.67%) MS Excel
Business Applications
1 4 (26.67%) SAP FSCM
1 4 (26.67%) Bankmaster
2 3 (20.00%) SAP FI
2 3 (20.00%) SAP FI/CO
2 3 (20.00%) SAP CO
3 1 (6.67%) Oracle Retail
3 1 (6.67%) BASE24
3 1 (6.67%) Dynamics NAV
3 1 (6.67%) Dynamics AX
Cloud Services
1 4 (26.67%) Sage Pay
Communications & Networking
1 7 (46.67%) ATM
Database & Business Intelligence
1 1 (6.67%) SQL Server Reporting Services
1 1 (6.67%) DataStage
1 1 (6.67%) SQL Server
1 1 (6.67%) SQL Server Integration Services
1 1 (6.67%) SQL Server Analysis Services
1 1 (6.67%) SQL Server 2008
1 1 (6.67%) NonStop SQL
General
1 6 (40.00%) Finance
2 3 (20.00%) Retail
3 2 (13.33%) Banking
Job Titles
1 5 (33.33%) Analyst
2 3 (20.00%) Tester
2 3 (20.00%) Consultant
2 3 (20.00%) SAP Consultant
3 2 (13.33%) SAP FI/CO Consultant
3 2 (13.33%) Business Analyst
4 1 (6.67%) Lead Tester
4 1 (6.67%) Test Manager
4 1 (6.67%) Test Analyst
4 1 (6.67%) Senior Analyst
4 1 (6.67%) Test Leader
4 1 (6.67%) Technical Analyst
4 1 (6.67%) SAP CO Consultant
4 1 (6.67%) SAP FI Consultant
4 1 (6.67%) Senior Technical Analyst
Libraries, Frameworks & Software Standards
1 1 (6.67%) .NET
Miscellaneous
1 8 (53.33%) EPoS
2 5 (33.33%) EMV
2 5 (33.33%) EFTPOS
2 5 (33.33%) APACS
3 4 (26.67%) Chip and PIN
3 4 (26.67%) Smartcard
4 2 (13.33%) Smart Meter
5 1 (6.67%) Mobile Payment
5 1 (6.67%) Analytical Skills
5 1 (6.67%) Tandem
Operating Systems
1 1 (6.67%) UNIX
Processes & Methodologies
1 6 (40.00%) E-Commerce
2 4 (26.67%) Supply Chain Management
2 4 (26.67%) Project Planning
2 4 (26.67%) Cash Management
2 4 (26.67%) Mobile Commerce
3 2 (13.33%) Agile Software Development
3 2 (13.33%) People Management
4 1 (6.67%) Logistics
4 1 (6.67%) SDLC
4 1 (6.67%) Test Strategy
4 1 (6.67%) Technical Analysis
4 1 (6.67%) Change Management
4 1 (6.67%) ERP
4 1 (6.67%) ETL
4 1 (6.67%) Business Intelligence
4 1 (6.67%) Resource Management
4 1 (6.67%) User Acceptance Testing
4 1 (6.67%) Time Management
4 1 (6.67%) Waterfall
4 1 (6.67%) Software Engineering
Programming Languages
1 3 (20.00%) SQL
2 1 (6.67%) Shell Script
2 1 (6.67%) Java
2 1 (6.67%) Korn
2 1 (6.67%) C-shell
Qualifications
1 2 (13.33%) Degree
2 1 (6.67%) ISEB
2 1 (6.67%) ISTQB
Quality Assurance & Compliance
1 7 (46.67%) ISO 8583
2 2 (13.33%) QA
Vendors
1 4 (26.67%) Wincor Nixdorf
1 4 (26.67%) Sage
1 4 (26.67%) SAP
1 4 (26.67%) VocaLink
1 4 (26.67%) TSYS
1 4 (26.67%) VeriFone
1 4 (26.67%) WorldPay
1 4 (26.67%) Elavon
1 4 (26.67%) Ingenico
2 1 (6.67%) Twitter
2 1 (6.67%) VMware
2 1 (6.67%) Oracle
2 1 (6.67%) Cognos
2 1 (6.67%) Microsoft
2 1 (6.67%) HP
2 1 (6.67%) Epicor
2 1 (6.67%) JD Edwards
2 1 (6.67%) NetSuite
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