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 2 May 2016 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
2 May 2016
Same period 2015 Same period 2014
Electronic Funds Transfer (EFT)
Rank 638 624 603
Rank change year-on-year
-14 -21
Contract jobs citing EFT 3 11 27
As % of all contract IT jobs located in the UK 0.005% 0.019% 0.049%
As % of the Miscellaneous category 0.017% 0.061% 0.15%
Number of daily rates quoted 1 5 12
Median daily rate £90 £340 £463
Median daily rate % change year-on-year
-73.52% -26.56%
UK excluding London median daily rate £90 £365 £350
% change year-on-year
-75.34% +4.28%
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
18179 17981 17787
As % of all contract IT jobs located in the UK 32.61% 31.70% 32.10%
Number of daily rates quoted 11843 10901 10847
Median daily rate £425 £420 £401
Median daily rate % change year-on-year
+1.19% +4.86%
90% offered a daily rate of more than £270 £250 £225
10% offered a daily rate of more than £613 £600 £600
UK excluding London median daily rate £388 £375 £350
% change year-on-year
+3.33% +7.14%
Number of hourly rates quoted 597 705 768
Median hourly rate £22.00 £18.50 £21.00
Median hourly rate % change year-on-year
+18.91% -11.90%
90% offered a hourly rate of more than £12.49 £11.97 £11.50
10% offered a hourly rate of more than £47.33 £45.00 £42.50
UK excluding London median hourly rate £22.00 £18.90 £20.38
% change year-on-year
+16.40% -7.23%

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
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 5 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 2 May 2016. 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 see detailed
statistics and trends)
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 -6 2 - - 1
South East -11 1 - - 1
London -32 1 - -
Edinburgh - 1 £90 -
Scotland - 1 £90 -

EFT
Top 30 Related IT Skills

For the 6 months to 2 May 2016, 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 8 (66.67%) EPoS
2 5 (41.67%) E-Commerce
2 5 (41.67%) EFTPOS
2 5 (41.67%) Smartcard
2 5 (41.67%) Mobile Commerce
2 5 (41.67%) ISO 8583
2 5 (41.67%) BASE24
2 5 (41.67%) Retail
2 5 (41.67%) Wincor Nixdorf
2 5 (41.67%) VeriFone
3 4 (33.33%) WorldPay
3 4 (33.33%) EMV
4 3 (25.00%) Finance
4 3 (25.00%) Contactless
5 2 (16.67%) System Integration Testing
5 2 (16.67%) Supplier Management
5 2 (16.67%) Unit Testing
6 1 (8.33%) FMCG
6 1 (8.33%) Spreadsheet
6 1 (8.33%) Data Entry
6 1 (8.33%) Budget Control
6 1 (8.33%) VocaLink
6 1 (8.33%) TSYS
6 1 (8.33%) PRINCE2
6 1 (8.33%) Fujitsu
6 1 (8.33%) Risk Analysis
6 1 (8.33%) VisionPLUS
6 1 (8.33%) APACS
6 1 (8.33%) Agile Software Development
6 1 (8.33%) Banking

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:

Applications
1 1 (8.33%) Spreadsheet
Business Applications
1 5 (41.67%) BASE24
2 1 (8.33%) VisionPLUS
Cloud Services
1 1 (8.33%) Sage Pay
Communications & Networking
1 1 (8.33%) ATM
Development Applications
1 1 (8.33%) Bugzilla
General
1 5 (41.67%) Retail
2 3 (25.00%) Finance
3 1 (8.33%) Banking
Job Titles
1 4 (33.33%) Project Manager
2 3 (25.00%) Analyst
2 3 (25.00%) Business Analyst
3 2 (16.67%) Payments Business Analyst
4 1 (8.33%) Defect Manager
4 1 (8.33%) EPoS Manager
4 1 (8.33%) IT Manager
4 1 (8.33%) IT Project Manager
4 1 (8.33%) Retail Business Analyst
4 1 (8.33%) Support Manager
4 1 (8.33%) Support Team Leader
4 1 (8.33%) Team Leader
4 1 (8.33%) Tester
Miscellaneous
1 8 (66.67%) EPoS
2 5 (41.67%) EFTPOS
2 5 (41.67%) Smartcard
3 4 (33.33%) EMV
4 3 (25.00%) Contactless
5 1 (8.33%) APACS
5 1 (8.33%) Chip and PIN
5 1 (8.33%) FMCG
Processes & Methodologies
1 5 (41.67%) E-Commerce
1 5 (41.67%) Mobile Commerce
2 2 (16.67%) Supplier Management
2 2 (16.67%) System Integration Testing
2 2 (16.67%) Unit Testing
3 1 (8.33%) Agile Software Development
3 1 (8.33%) Budget Control
3 1 (8.33%) Business Intelligence
3 1 (8.33%) Data Entry
3 1 (8.33%) GAP Analysis
3 1 (8.33%) Migration
3 1 (8.33%) PRINCE2
3 1 (8.33%) Risk Analysis
Quality Assurance & Compliance
1 5 (41.67%) ISO 8583
Vendors
1 5 (41.67%) VeriFone
1 5 (41.67%) Wincor Nixdorf
2 4 (33.33%) WorldPay
3 1 (8.33%) Elavon
3 1 (8.33%) Fujitsu
3 1 (8.33%) Ingenico
3 1 (8.33%) Sage
3 1 (8.33%) Toshiba
3 1 (8.33%) TSYS
3 1 (8.33%) VocaLink