The table below looks at the prevalence of the term EFT in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited EFT over the 3 months to 24 February 2017 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
24 Feb 2017
Same period 2016 Same period 2015
Electronic Funds Transfer (EFT)
UK
Rank 593 622 597
Rank change year-on-year
+29 -25
Contract jobs citing EFT 15 6 14
As % of all contract IT jobs located in the UK 0.033% 0.012% 0.027%
As % of the Miscellaneous category 0.11% 0.037% 0.089%
Number of daily rates quoted 5 3 5
Median daily rate £150 £375 £325
Median daily rate % change year-on-year
-60.00% +15.38%
90% offered a daily rate of more than £135 £361 £294
10% offered a daily rate of more than £210 £405 £376
UK excluding London median daily rate £150 £375 £363
% change year-on-year
-60.00% +3.44%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
14130 16091 15778
As % of all contract IT jobs located in the UK 31.12% 30.94% 30.05%
Number of daily rates quoted 9097 10427 9723
Median daily rate £450 £425 £425
Median daily rate % change year-on-year
+5.88% -
90% offered a daily rate of more than £265 £250 £250
10% offered a daily rate of more than £625 £610 £600
UK excluding London median daily rate £400 £375 £375
% change year-on-year
+6.66% -
Number of hourly rates quoted 554 578 644
Median hourly rate £20.00 £22.00 £18.19
Median hourly rate % change year-on-year
-9.09% +20.96%
90% offered a hourly rate of more than £11.33 £12.50 £11.73
10% offered a hourly rate of more than £50.00 £53.80 £42.50
UK excluding London median hourly rate £17.50 £22.52 £18.00
% change year-on-year
-22.29% +25.11%

EFT
Jobs Demand Trend

The demand trend of contract jobs citing EFT as a proportion of all IT contracts with a match in 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
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing EFT within the UK over the 3 months to 24 February 2017.

EFT Daily Rate Histogram 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 9 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing EFT within the UK over the 3 months to 24 February 2017. 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 Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +41 14 £150 -60.00% 1
Hertfordshire - 7 £150 -
East of England - 7 £150 -
Welwyn Garden City - 6 £150 -
South East - 3 - - 1
London +22 2 - -
Tyne and Wear - 2 - -
Sunderland - 2 - -
North East - 2 - -

EFT
Top 30 Related IT Skills

For the 6 months to 24 February 2017, IT contractor jobs citing EFT also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for EFT.

1 12 (40.00%) Linux
1 12 (40.00%) Analytical Skills
2 10 (33.33%) Unix
2 10 (33.33%) Windows
3 9 (30.00%) E-Commerce
3 9 (30.00%) EFTPOS
3 9 (30.00%) Smartcard
3 9 (30.00%) Mobile Commerce
3 9 (30.00%) ISO 8583
3 9 (30.00%) VeriFone
3 9 (30.00%) FIS
4 8 (26.67%) BASE24
4 8 (26.67%) SQL
5 7 (23.33%) QA
6 6 (20.00%) Use Case
6 6 (20.00%) WorldPay
6 6 (20.00%) Ingenico
6 6 (20.00%) FTP
6 6 (20.00%) Internet
6 6 (20.00%) Finance
7 5 (16.67%) Banking
7 5 (16.67%) Thales
8 4 (13.33%) Target Operating Model
8 4 (13.33%) Technical Analysis
8 4 (13.33%) Relational Database
8 4 (13.33%) Trend Analysis
8 4 (13.33%) Business Analysis
8 4 (13.33%) NonStop SQL
8 4 (13.33%) Security Management
8 4 (13.33%) Product Management

EFT
Top Related IT Skills by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 1 (3.33%) PowerExchange
Business Applications
1 8 (26.67%) BASE24
2 2 (6.67%) Postilion
3 1 (3.33%) Payment Gateway
3 1 (3.33%) VisionPLUS
Cloud Services
1 1 (3.33%) IaaS
1 1 (3.33%) PaaS
1 1 (3.33%) SaaS
1 1 (3.33%) Sage Pay
Communications & Networking
1 6 (20.00%) FTP
1 6 (20.00%) Internet
2 3 (10.00%) ATM
3 1 (3.33%) Cisco ASA
3 1 (3.33%) Firewall
3 1 (3.33%) Network Security
Database & Business Intelligence
1 4 (13.33%) NonStop SQL
1 4 (13.33%) RDBMS
1 4 (13.33%) Relational Database
2 1 (3.33%) PowerCenter
Development Applications
1 2 (6.67%) VersaTest
General
1 6 (20.00%) Finance
2 5 (16.67%) Banking
3 2 (6.67%) Financial Institution
3 2 (6.67%) Retail
Job Titles
1 7 (23.33%) Service Desk Engineer
2 6 (20.00%) Analyst
3 5 (16.67%) Support Engineer
4 4 (13.33%) Applications Support
4 4 (13.33%) Business Analyst
4 4 (13.33%) Payments Analyst
4 4 (13.33%) Payments Business Analyst
5 3 (10.00%) Applications Engineer
5 3 (10.00%) Applications Support Engineer
5 3 (10.00%) BASE24 Developer
5 3 (10.00%) Consultant
5 3 (10.00%) Developer
5 3 (10.00%) Service Desk Support
6 2 (6.67%) Customer Engineer
6 2 (6.67%) Customer Support Engineer
6 2 (6.67%) Implementation Consultant
6 2 (6.67%) Migration Engineer
6 2 (6.67%) Payments Consultant
6 2 (6.67%) Product Consultant
6 2 (6.67%) Team Leader
Libraries, Frameworks & Software Standards
1 2 (6.67%) Web Services
2 1 (3.33%) HTML
Miscellaneous
1 12 (40.00%) Analytical Skills
2 9 (30.00%) EFTPOS
2 9 (30.00%) Smartcard
3 4 (13.33%) EPoS
4 2 (6.67%) Mainframe
5 1 (3.33%) APACS
5 1 (3.33%) Chip and PIN
5 1 (3.33%) Data Centre
5 1 (3.33%) EMV
5 1 (3.33%) Mobile Payment
Operating Systems
1 12 (40.00%) Linux
2 10 (33.33%) Unix
2 10 (33.33%) Windows
3 2 (6.67%) Red Hat Enterprise Linux
Processes & Methodologies
1 9 (30.00%) E-Commerce
1 9 (30.00%) Mobile Commerce
2 6 (20.00%) Use Case
3 4 (13.33%) BPR
3 4 (13.33%) Business Analysis
3 4 (13.33%) Product Management
3 4 (13.33%) Security Management
3 4 (13.33%) Target Operating Model
3 4 (13.33%) Technical Analysis
3 4 (13.33%) Trend Analysis
4 3 (10.00%) Migration
5 2 (6.67%) BPMN
5 2 (6.67%) Incident Management
6 1 (3.33%) Change Data Capture
6 1 (3.33%) Customer Requirements
6 1 (3.33%) Integration Testing
6 1 (3.33%) Open Source
6 1 (3.33%) Problem Management
6 1 (3.33%) Risk Analysis
6 1 (3.33%) User Acceptance Testing
Programming Languages
1 8 (26.67%) SQL
2 1 (3.33%) Java
2 1 (3.33%) PHP
Quality Assurance & Compliance
1 9 (30.00%) ISO 8583
2 7 (23.33%) QA
System Software
1 3 (10.00%) Active Directory
2 1 (3.33%) KVM
Vendors
1 9 (30.00%) FIS
1 9 (30.00%) VeriFone
2 6 (20.00%) Ingenico
2 6 (20.00%) WorldPay
3 5 (16.67%) Thales
4 4 (13.33%) HP
5 3 (10.00%) Red Hat
5 3 (10.00%) Wincor Nixdorf
6 2 (6.67%) Fujitsu
6 2 (6.67%) IBM
6 2 (6.67%) Toshiba
7 1 (3.33%) CheckPoint
7 1 (3.33%) Cisco
7 1 (3.33%) F5
7 1 (3.33%) Informatica
7 1 (3.33%) IronPort
7 1 (3.33%) PayPal
7 1 (3.33%) Sage
7 1 (3.33%) TSYS
7 1 (3.33%) VocaLink