The table below looks at the statistics for GAAP skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited GAAP over the 3 months to 12 February 2016 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
12 Feb 2016
Same period 2015 Same period 2014
Generally Accepted Accounting Principles (GAAP)
Rank 602 576 574
Rank change year-on-year
-26 -2
Contract jobs citing GAAP 24 36 14
As % of all contract IT jobs located in the UK 0.047% 0.070% 0.028%
As % of the Quality Assurance & Compliance category 0.47% 0.74% 0.31%
Number of daily rates quoted 16 26 9
Average daily rate £500 £453 £475
Average daily rate % change year-on-year
+10.49% -4.73%
90% offered a daily rate of more than £340 £375 £350
10% offered a daily rate of more than £600 £550 £520
UK excluding London average daily rate £340 £550 £463
% change year-on-year
-38.18% +18.91%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -

The following table is for comparison with the above and provides statistics for the entire Quality Assurance & Compliance category in contract jobs advertised across the UK.

Quality Assurance & Compliance Category
UK
Contract IT job ads with a match in the
Quality Assurance & Compliance category
5065 4857 4461
As % of all contract IT jobs located in the UK 9.85% 9.38% 8.97%
Number of daily rates quoted 3105 2979 2596
Average daily rate £425 £400 £405
Average daily rate % change year-on-year
+6.25% -1.23%
90% offered a daily rate of more than £265 £225 £230
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £400 £380 £350
% change year-on-year
+5.26% +8.57%
Number of hourly rates quoted 212 174 170
Average hourly rate £42.00 £22.50 £17.00
Average hourly rate % change year-on-year
+86.66% +32.35%
90% offered a hourly rate of more than £14.02 £11.00 £10.97
10% offered a hourly rate of more than £60.98 £47.50 £42.50
UK excluding London average hourly rate £42.50 £23.25 £17.08
% change year-on-year
+82.79% +36.16%

GAAP
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing GAAP within the UK as a proportion of the total demand within the Quality Assurance & Compliance category.

GAAP Jobs Demand Trend in the UK

GAAP
Daily Rate Trend

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

GAAP Daily Rate Trend in the UK

GAAP
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing GAAP within the UK over the 3 months to 12 February 2016.

GAAP Daily Rate Histogram in the UK

GAAP
Hourly Rate Trend

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

GAAP Hourly Rate Trend in the UK

GAAP
Top 13 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing GAAP within the UK over the 3 months to 12 February 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
(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 -15 24 £500 +10.49% 7
London -14 14 £550 +22.22% 1
City of London +30 6 £500 +16.27%
South East +22 6 £340 -38.18% 3
Berkshire +10 3 £340 -38.18% 3
Reading -2 3 £340 -38.18%
Leeds - 3 - -
West Yorkshire - 3 - -
Yorkshire - 3 - -
Buckinghamshire - 2 - -
Milton Keynes - 2 - -
Surrey - 1 £500 -
West Midlands - 1 £385 - 2

GAAP
Top 30 Related IT Skills

For the 6 months to 12 February 2016, IT contractor jobs within the UK citing GAAP 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 GAAP.

1 26 (72.22%) Finance
2 18 (50.00%) ACCA
3 15 (41.67%) CIMA
4 12 (33.33%) Oracle
5 8 (22.22%) Business Analysis
6 7 (19.44%) Project Management
7 6 (16.67%) Process Improvement
8 5 (13.89%) Spreadsheet
8 5 (13.89%) Solvency II
8 5 (13.89%) Data Warehouse
9 4 (11.11%) Legal
9 4 (11.11%) Advertising
9 4 (11.11%) SAP
9 4 (11.11%) Hyperion
9 4 (11.11%) Time Management
9 4 (11.11%) Oracle BI EE
9 4 (11.11%) Analytical Skills
10 3 (8.33%) Reinsurance
10 3 (8.33%) Performance Metrics
10 3 (8.33%) Revenue Recognition
10 3 (8.33%) Defect Management
10 3 (8.33%) User Acceptance Testing
10 3 (8.33%) Investment Management
10 3 (8.33%) General Ledger
10 3 (8.33%) Law
10 3 (8.33%) CODA
10 3 (8.33%) Salesforce.com
10 3 (8.33%) ISEB
10 3 (8.33%) PRINCE2
10 3 (8.33%) Data Modelling

GAAP
Top Related IT Skills by Category

For the 6 months to 12 February 2016, IT contractor jobs within the UK citing GAAP 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 GAAP. Up to 20 skills are shown per category.

Applications
1 5 (13.89%) Spreadsheet
2 1 (2.78%) MS Excel
2 1 (2.78%) MS Visio
Business Applications
1 2 (5.56%) Oracle Assets
1 2 (5.56%) Oracle EBS R12
1 2 (5.56%) Oracle Financials
1 2 (5.56%) Oracle General Ledger
1 2 (5.56%) Oracle Receivables
1 2 (5.56%) Oracle Subledger Accounting
2 1 (2.78%) Dynamics NAV
2 1 (2.78%) Oracle E-Business Tax
2 1 (2.78%) Oracle Payables
Database & Business Intelligence
1 5 (13.89%) Data Warehouse
2 4 (11.11%) Oracle BI EE
Development Applications
1 2 (5.56%) Eclipse
General
1 26 (72.22%) Finance
2 4 (11.11%) Advertising
2 4 (11.11%) Legal
3 3 (8.33%) French Language
3 3 (8.33%) General Ledger
3 3 (8.33%) Law
4 2 (5.56%) Banking
5 1 (2.78%) German Language
5 1 (2.78%) Investment Banking
5 1 (2.78%) Pharmaceutical
5 1 (2.78%) Polish Language
Job Titles
1 17 (47.22%) Analyst
2 12 (33.33%) Business Analyst
3 9 (25.00%) Financial Analyst
4 6 (16.67%) Finance Business Analyst
5 5 (13.89%) Finance Systems Analyst
5 5 (13.89%) Insurance Business Analyst
5 5 (13.89%) Solvency II Business Analyst
6 4 (11.11%) Business Systems Analyst
6 4 (11.11%) Oracle Analyst
7 3 (8.33%) Business Finance Analyst
7 3 (8.33%) Consultant
7 3 (8.33%) Data Business Analyst
7 3 (8.33%) Oracle Project Manager
7 3 (8.33%) Process Improvement Manager
7 3 (8.33%) Project Manager
7 3 (8.33%) Salesforce.com Project Manager
7 3 (8.33%) Senior Analyst
7 3 (8.33%) Senior Financial Analyst
7 3 (8.33%) Tester
7 3 (8.33%) UAT Tester
Miscellaneous
1 4 (11.11%) Analytical Skills
2 3 (8.33%) Performance Metrics
2 3 (8.33%) Reinsurance
3 1 (2.78%) Derivative
3 1 (2.78%) FMCG
3 1 (2.78%) Foreign Exchange (FX)
Processes & Methodologies
1 8 (22.22%) Business Analysis
2 7 (19.44%) Project Management
3 6 (16.67%) Process Improvement
4 4 (11.11%) Time Management
5 3 (8.33%) Asset Management
5 3 (8.33%) Data Modelling
5 3 (8.33%) Defect Management
5 3 (8.33%) Investment Management
5 3 (8.33%) PRINCE2
5 3 (8.33%) Revenue Recognition
5 3 (8.33%) Stakeholder Management
5 3 (8.33%) User Acceptance Testing
6 2 (5.56%) Data Analysis
6 2 (5.56%) Requirements Analysis
7 1 (2.78%) Agile Software Development
7 1 (2.78%) Business Intelligence
7 1 (2.78%) E-business
7 1 (2.78%) GAP Analysis
7 1 (2.78%) Revenue Management
7 1 (2.78%) Waterfall
Programming Languages
1 1 (2.78%) PL/SQL
1 1 (2.78%) SQL
Qualifications
1 18 (50.00%) ACCA
2 15 (41.67%) CIMA
3 3 (8.33%) ISEB
4 2 (5.56%) ISTQB
Quality Assurance & Compliance
1 5 (13.89%) Solvency II
2 1 (2.78%) QA
2 1 (2.78%) SEPA
2 1 (2.78%) SLA
Vendors
1 12 (33.33%) Oracle
2 4 (11.11%) Hyperion
2 4 (11.11%) SAP
3 3 (8.33%) CODA
3 3 (8.33%) Saba
3 3 (8.33%) Salesforce.com
4 2 (5.56%) Dell
4 2 (5.56%) HP
4 2 (5.56%) PeopleSoft
5 1 (2.78%) Microsoft
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