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 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
24 May 2016
Same period 2015 Same period 2014
Electronic Funds Transfer (EFT)
Rank 645 619 589
Rank change year-on-year
-26 -30
Contract jobs citing EFT 6 5 22
As % of all contract IT jobs located in the UK 0.011% 0.009% 0.041%
As % of the Miscellaneous category 0.034% 0.029% 0.13%
Number of daily rates quoted 2 2 10
Median daily rate £383 £383 £482
Median daily rate % change year-on-year
- -20.56%
90% offered a daily rate of more than £149 £369 £301
10% offered a daily rate of more than £617 £397 £500
UK excluding London median daily rate £383 £365 £345
% change year-on-year
+4.79% +5.79%
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
17632 17183 17000
As % of all contract IT jobs located in the UK 32.93% 31.74% 31.73%
Number of daily rates quoted 11400 10446 10458
Median daily rate £425 £413 £410
Median daily rate % change year-on-year
+3.03% +0.60%
90% offered a daily rate of more than £260 £250 £225
10% offered a daily rate of more than £616 £600 £600
UK excluding London median daily rate £388 £375 £350
% change year-on-year
+3.33% +7.14%
Number of hourly rates quoted 599 705 756
Median hourly rate £21.34 £18.00 £20.50
Median hourly rate % change year-on-year
+18.55% -12.19%
90% offered a hourly rate of more than £12.49 £11.88 £11.71
10% offered a hourly rate of more than £46.80 £45.00 £42.50
UK excluding London median hourly rate £21.50 £18.24 £21.00
% change year-on-year
+17.90% -13.16%

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 May 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 7 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 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 -8 5 £675 +76.47% 3
South East -5 2 - - 1
Manchester -6 2 £675 +84.93%
North West -8 2 £675 +84.93%
London -12 1 - - 2
Edinburgh - 1 £90 -
Scotland - 1 £90 -

EFT
Top 30 Related IT Skills

For the 6 months to 24 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 7 (58.33%) E-Commerce
1 7 (58.33%) EPoS
1 7 (58.33%) Mobile Commerce
2 6 (50.00%) EFTPOS
2 6 (50.00%) Smartcard
2 6 (50.00%) ISO 8583
2 6 (50.00%) BASE24
2 6 (50.00%) VeriFone
2 6 (50.00%) Wincor Nixdorf
3 5 (41.67%) Retail
4 4 (33.33%) WorldPay
4 4 (33.33%) EMV
5 3 (25.00%) Finance
5 3 (25.00%) Contactless
6 2 (16.67%) Supplier Management
6 2 (16.67%) Toshiba
6 2 (16.67%) System Integration Testing
6 2 (16.67%) Fujitsu
6 2 (16.67%) Agile Software Development
6 2 (16.67%) Unit Testing
7 1 (8.33%) Network Security
7 1 (8.33%) FMCG
7 1 (8.33%) Data Architecture
7 1 (8.33%) Cisco ASA
7 1 (8.33%) Data Entry
7 1 (8.33%) Budget Control
7 1 (8.33%) Visualisation
7 1 (8.33%) VocaLink
7 1 (8.33%) TSYS
7 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:

Business Applications
1 6 (50.00%) BASE24
2 1 (8.33%) VisionPLUS
Cloud Services
1 1 (8.33%) Sage Pay
Communications & Networking
1 1 (8.33%) ATM
1 1 (8.33%) Cisco ASA
1 1 (8.33%) Firewall
1 1 (8.33%) Internet
1 1 (8.33%) Network Security
Database & Business Intelligence
1 1 (8.33%) OLTP
Development Applications
1 1 (8.33%) Bugzilla
General
1 5 (41.67%) Retail
2 3 (25.00%) Finance
3 1 (8.33%) Banking
3 1 (8.33%) Billing
3 1 (8.33%) Marketing
Job Titles
1 4 (33.33%) Project Manager
2 2 (16.67%) Analyst
2 2 (16.67%) Business Analyst
2 2 (16.67%) Support Team Leader
2 2 (16.67%) Team Leader
3 1 (8.33%) Check Point Consultant
3 1 (8.33%) Consultant
3 1 (8.33%) Defect Manager
3 1 (8.33%) Digital Director
3 1 (8.33%) EPoS Manager
3 1 (8.33%) Firewall Consultant
3 1 (8.33%) IT Manager
3 1 (8.33%) IT Project Manager
3 1 (8.33%) Network Consultant
3 1 (8.33%) Network Security Consultant
3 1 (8.33%) Payments Business Analyst
3 1 (8.33%) Security Consultant
3 1 (8.33%) Support Manager
3 1 (8.33%) Technical Director
3 1 (8.33%) Tester
Libraries, Frameworks & Software Standards
1 1 (8.33%) EDI
Miscellaneous
1 7 (58.33%) EPoS
2 6 (50.00%) EFTPOS
2 6 (50.00%) Smartcard
3 4 (33.33%) EMV
4 3 (25.00%) Contactless
5 1 (8.33%) Analytical Skills
5 1 (8.33%) APACS
5 1 (8.33%) Chip and PIN
5 1 (8.33%) Data Centre
5 1 (8.33%) FMCG
5 1 (8.33%) Visualisation
Processes & Methodologies
1 7 (58.33%) E-Commerce
1 7 (58.33%) Mobile Commerce
2 2 (16.67%) Agile Software Development
2 2 (16.67%) Supplier Management
2 2 (16.67%) System Integration Testing
2 2 (16.67%) Unit Testing
3 1 (8.33%) Budget Control
3 1 (8.33%) Business Intelligence
3 1 (8.33%) Data Architecture
3 1 (8.33%) Data Entry
3 1 (8.33%) GAP Analysis
3 1 (8.33%) Internet Marketing
3 1 (8.33%) Migration
3 1 (8.33%) PRINCE2
3 1 (8.33%) Risk Analysis
3 1 (8.33%) Scrum
3 1 (8.33%) Supply Chain Management
3 1 (8.33%) Web Development
Quality Assurance & Compliance
1 6 (50.00%) ISO 8583
2 1 (8.33%) SLA
Vendors
1 6 (50.00%) VeriFone
1 6 (50.00%) Wincor Nixdorf
2 4 (33.33%) WorldPay
3 2 (16.67%) Fujitsu
3 2 (16.67%) Toshiba
4 1 (8.33%) CheckPoint
4 1 (8.33%) Cisco
4 1 (8.33%) Elavon
4 1 (8.33%) F5
4 1 (8.33%) Ingenico
4 1 (8.33%) IronPort
4 1 (8.33%) Sage
4 1 (8.33%) TSYS
4 1 (8.33%) VocaLink