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 28 June 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
28 Jun 2016
Same period 2015 Same period 2014
Electronic Funds Transfer (EFT)
Rank 634 627 599
Rank change year-on-year
-7 -28
Contract jobs citing EFT 12 11 15
As % of all contract IT jobs located in the UK 0.022% 0.020% 0.028%
As % of the Miscellaneous category 0.067% 0.062% 0.087%
Number of daily rates quoted 4 6 6
Median daily rate £269 £413 £500
Median daily rate % change year-on-year
-34.84% -17.50%
UK excluding London median daily rate £269 £425 -
% change year-on-year
-36.76% -
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
17912 17629 17157
As % of all contract IT jobs located in the UK 33.26% 31.98% 32.36%
Number of daily rates quoted 11597 10995 10513
Median daily rate £425 £420 £400
Median daily rate % change year-on-year
+1.19% +5.00%
90% offered a daily rate of more than £255 £250 £231
10% offered a daily rate of more than £600 £600 £600
UK excluding London median daily rate £388 £375 £350
% change year-on-year
+3.33% +7.14%
Number of hourly rates quoted 626 656 693
Median hourly rate £22.00 £19.00 £20.59
Median hourly rate % change year-on-year
+15.78% -7.72%
90% offered a hourly rate of more than £12.50 £12.25 £12.50
10% offered a hourly rate of more than £46.07 £45.00 £42.50
UK excluding London median hourly rate £22.50 £18.47 £21.00
% change year-on-year
+21.81% -12.04%

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 28 June 2016.

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 8 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 28 June 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 -4 9 £556 +34.84% 1
London -7 4 - -
Edinburgh - 3 £95 -
Scotland - 3 £95 -
Manchester - 3 £675 -
North West - 3 £675 -
South East -7 1 - - 1
West Midlands - 1 £438 -

EFT
Top 30 Related IT Skills

For the 6 months to 28 June 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 6 (40.00%) EPoS
2 5 (33.33%) E-Commerce
2 5 (33.33%) Mobile Commerce
2 5 (33.33%) Finance
3 4 (26.67%) BASE24
3 4 (26.67%) EFTPOS
3 4 (26.67%) Smartcard
3 4 (26.67%) ISO 8583
3 4 (26.67%) Retail
3 4 (26.67%) Wincor Nixdorf
3 4 (26.67%) VeriFone
3 4 (26.67%) Analytical Skills
4 3 (20.00%) Data Entry
4 3 (20.00%) NonStop SQL
4 3 (20.00%) Tandem
4 3 (20.00%) DB2
4 3 (20.00%) COBOL
4 3 (20.00%) Data Modelling
5 2 (13.33%) CheckPoint
5 2 (13.33%) EMV
5 2 (13.33%) Cisco
5 2 (13.33%) Toshiba
5 2 (13.33%) Firewall
5 2 (13.33%) Fujitsu
5 2 (13.33%) IronPort
5 2 (13.33%) WorldPay
5 2 (13.33%) F5
5 2 (13.33%) Network Security
5 2 (13.33%) Data Centre
5 2 (13.33%) Cisco ASA

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:

Business Applications
1 4 (26.67%) BASE24
2 1 (6.67%) Oracle Retail
2 1 (6.67%) VisionPLUS
Cloud Services
1 1 (6.67%) Sage Pay
Communications & Networking
1 2 (13.33%) Cisco ASA
1 2 (13.33%) Firewall
1 2 (13.33%) Network Security
2 1 (6.67%) ATM
2 1 (6.67%) Internet
Database & Business Intelligence
1 3 (20.00%) DB2
1 3 (20.00%) NonStop SQL
2 1 (6.67%) OLTP
General
1 5 (33.33%) Finance
2 4 (26.67%) Retail
3 1 (6.67%) Banking
3 1 (6.67%) Billing
3 1 (6.67%) Marketing
Job Titles
1 2 (13.33%) Check Point Consultant
1 2 (13.33%) Consultant
1 2 (13.33%) Firewall Consultant
1 2 (13.33%) Network Consultant
1 2 (13.33%) Network Security Consultant
1 2 (13.33%) Project Manager
1 2 (13.33%) Security Consultant
1 2 (13.33%) Support Team Leader
1 2 (13.33%) Team Leader
2 1 (6.67%) Analyst
2 1 (6.67%) Architect
2 1 (6.67%) Business Analyst
2 1 (6.67%) Designer
2 1 (6.67%) Digital Director
2 1 (6.67%) IT Manager
2 1 (6.67%) IT Project Manager
2 1 (6.67%) Solutions Architect
2 1 (6.67%) Solutions Designer
2 1 (6.67%) Support Manager
2 1 (6.67%) Technical Director
Libraries, Frameworks & Software Standards
1 1 (6.67%) EDI
Miscellaneous
1 6 (40.00%) EPoS
2 4 (26.67%) Analytical Skills
2 4 (26.67%) EFTPOS
2 4 (26.67%) Smartcard
3 3 (20.00%) Tandem
4 2 (13.33%) Data Centre
4 2 (13.33%) EMV
5 1 (6.67%) APACS
5 1 (6.67%) Chip and PIN
5 1 (6.67%) Contactless
5 1 (6.67%) FMCG
5 1 (6.67%) Visualisation
Processes & Methodologies
1 5 (33.33%) E-Commerce
1 5 (33.33%) Mobile Commerce
2 3 (20.00%) Data Entry
2 3 (20.00%) Data Modelling
3 1 (6.67%) Agile Software Development
3 1 (6.67%) Data Architecture
3 1 (6.67%) GAP Analysis
3 1 (6.67%) Information Security
3 1 (6.67%) Internet Marketing
3 1 (6.67%) Migration
3 1 (6.67%) Performance Testing
3 1 (6.67%) Scrum
3 1 (6.67%) Supplier Management
3 1 (6.67%) Supply Chain Management
3 1 (6.67%) System Integration Testing
3 1 (6.67%) Unit Testing
3 1 (6.67%) Web Development
Programming Languages
1 3 (20.00%) COBOL
Quality Assurance & Compliance
1 4 (26.67%) ISO 8583
2 1 (6.67%) SLA
Vendors
1 4 (26.67%) VeriFone
1 4 (26.67%) Wincor Nixdorf
2 2 (13.33%) CheckPoint
2 2 (13.33%) Cisco
2 2 (13.33%) F5
2 2 (13.33%) Fujitsu
2 2 (13.33%) IronPort
2 2 (13.33%) Toshiba
2 2 (13.33%) WorldPay
3 1 (6.67%) Elavon
3 1 (6.67%) Ingenico
3 1 (6.67%) Oracle
3 1 (6.67%) Retek
3 1 (6.67%) Sage
3 1 (6.67%) TSYS
3 1 (6.67%) VocaLink