Procure-to-Pay (including Purchase-to-Pay, P2P)
UK
The following table provides summary statistics for contract job vacancies with a requirement for Procure-to-Pay skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Procure-to-Pay over the 6 months to 28 April 2024 with a comparison to the same period in the previous 2 years.
| 6 months to 28 Apr 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 419 | 507 | 628 |
| Rank change year-on-year | +88 | +121 | -121 |
| Contract jobs citing Procure-to-Pay | 176 | 209 | 229 |
| As % of all contract jobs advertised in the UK | 0.41% | 0.35% | 0.26% |
| As % of the Processes & Methodologies category | 0.47% | 0.39% | 0.28% |
| Number of daily rates quoted | 108 | 107 | 153 |
| 10th Percentile | £429 | £413 | £375 |
| 25th Percentile | £500 | £472 | £463 |
| Median daily rate (50th Percentile) | £600 | £550 | £550 |
| Median % change year-on-year | +9.09% | - | +7.32% |
| 75th Percentile | £688 | £639 | £650 |
| 90th Percentile | £875 | £905 | £699 |
| UK excluding London median daily rate | £560 | £575 | £525 |
| % change year-on-year | -2.61% | +9.52% | +35.48% |
| Number of hourly rates quoted | 0 | 5 | 0 |
| Median hourly rate | - | £75.00 | - |
| UK excluding London median hourly rate | - | £75.00 | - |
All Process and Methodology Skills
UK
Procure-to-Pay is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for process or methodology skills.
| Contract vacancies with a requirement for process or methodology skills | 37,383 | 53,667 | 80,409 |
| As % of all contract IT jobs advertised in the UK | 86.31% | 89.90% | 90.57% |
| Number of daily rates quoted | 24,097 | 37,244 | 56,431 |
| 10th Percentile | £300 | £325 | £340 |
| 25th Percentile | £413 | £438 | £425 |
| Median daily rate (50th Percentile) | £525 | £550 | £525 |
| Median % change year-on-year | -4.55% | +4.76% | +8.25% |
| 75th Percentile | £638 | £650 | £638 |
| 90th Percentile | £750 | £750 | £738 |
| UK excluding London median daily rate | £500 | £500 | £475 |
| % change year-on-year | - | +5.26% | +9.20% |
| Number of hourly rates quoted | 2,426 | 1,746 | 1,925 |
| 10th Percentile | £12.75 | £11.00 | £12.50 |
| 25th Percentile | £16.00 | £16.25 | £15.25 |
| Median hourly rate | £35.00 | £37.30 | £25.00 |
| Median % change year-on-year | -6.17% | +49.20% | - |
| 75th Percentile | £59.44 | £65.00 | £49.25 |
| 90th Percentile | £72.50 | £75.00 | £63.75 |
| UK excluding London median hourly rate | £36.05 | £36.00 | £20.00 |
| % change year-on-year | +0.13% | +80.00% | -8.51% |
Procure-to-Pay
Job Vacancy Trend
Job postings citing Procure-to-Pay as a proportion of all IT jobs advertised.
Procure-to-Pay
Contractor Daily Rate Trend
3-month moving average daily rate quoted in jobs citing Procure-to-Pay.
Procure-to-Pay
Daily Rate Histogram
Daily rate distribution for jobs citing Procure-to-Pay over the 6 months to 28 April 2024.
Procure-to-Pay
Contractor Hourly Rate Trend
3-month moving average hourly rates quoted in jobs citing Procure-to-Pay.
Procure-to-Pay
Top 14 Contract Locations
The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Procure-to-Pay within the UK over the 6 months to 28 April 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.
| Location | Rank Change on Same Period Last Year |
Matching Contract IT Job Ads |
Median Daily Rate Past 6 Months |
Median Daily Rate % Change on Same Period Last Year |
Live Jobs |
|---|---|---|---|---|---|
| England | +88 | 139 | £560 | +1.82% | 46 |
| UK excluding London | +96 | 90 | £560 | -2.61% | 27 |
| Work from Home | +119 | 75 | £600 | +4.35% | 23 |
| London | +56 | 52 | £575 | +4.55% | 20 |
| South East | +33 | 41 | £625 | +4.17% | 6 |
| North of England | +43 | 24 | £550 | +10.00% | 9 |
| North West | +26 | 13 | £555 | +16.84% | 6 |
| Scotland | +36 | 11 | £688 | +19.57% | 3 |
| Yorkshire | +31 | 10 | £540 | -8.09% | 3 |
| Midlands | +32 | 7 | £550 | - | 4 |
| West Midlands | +35 | 5 | £550 | - | 3 |
| East of England | +7 | 5 | £525 | -22.22% | 4 |
| South West | - | 4 | £391 | - | 2 |
| East Midlands | +19 | 1 | - | - | 1 |
Procure-to-Pay
Co-occurring Skills and Capabilities by Category
The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:
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