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 18 March 2024 with a comparison to the same period in the previous 2 years.
6 months to 18 Mar 2024 |
Same period 2023 | Same period 2022 | |
---|---|---|---|
Rank | 396 | 538 | 665 |
Rank change year-on-year | +142 | +127 | -146 |
Contract jobs citing Procure-to-Pay | 187 | 219 | 205 |
As % of all contract jobs advertised in the UK | 0.42% | 0.34% | 0.23% |
As % of the Processes & Methodologies category | 0.49% | 0.38% | 0.25% |
Number of daily rates quoted | 107 | 121 | 126 |
10th Percentile | £431 | £413 | £369 |
25th Percentile | £500 | £463 | £432 |
Median daily rate (50th Percentile) | £600 | £541 | £540 |
Median % change year-on-year | +10.91% | +0.19% | +5.37% |
75th Percentile | £688 | £619 | £650 |
90th Percentile | £868 | £725 | £706 |
UK excluding London median daily rate | £560 | £525 | £475 |
% change year-on-year | +6.67% | +10.53% | +22.58% |
Number of hourly rates quoted | 5 | 4 | 0 |
10th Percentile | £15.54 | £35.08 | - |
25th Percentile | £18.25 | £55.92 | - |
Median hourly rate | £88.50 | £72.50 | - |
Median % change year-on-year | +22.07% | - | - |
75th Percentile | £90.25 | £75.00 | - |
90th Percentile | £92.35 | - | - |
UK excluding London median hourly rate | £54.00 | £75.00 | - |
% change year-on-year | -28.00% | - | - |
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 | 38,445 | 57,647 | 81,303 |
As % of all contract IT jobs advertised in the UK | 86.56% | 89.77% | 90.68% |
Number of daily rates quoted | 25,024 | 39,855 | 57,179 |
10th Percentile | £300 | £325 | £329 |
25th Percentile | £413 | £440 | £425 |
Median daily rate (50th Percentile) | £525 | £550 | £525 |
Median % change year-on-year | -4.55% | +4.76% | +10.53% |
75th Percentile | £638 | £650 | £638 |
90th Percentile | £745 | £750 | £725 |
UK excluding London median daily rate | £500 | £500 | £475 |
% change year-on-year | - | +5.26% | +11.76% |
Number of hourly rates quoted | 2,325 | 1,839 | 1,908 |
10th Percentile | £13.00 | £11.25 | £12.50 |
25th Percentile | £16.00 | £16.25 | £15.25 |
Median hourly rate | £32.50 | £35.00 | £24.35 |
Median % change year-on-year | -7.14% | +43.74% | -0.61% |
75th Percentile | £57.50 | £65.00 | £49.25 |
90th Percentile | £70.30 | £73.13 | £63.08 |
UK excluding London median hourly rate | £31.13 | £35.00 | £19.50 |
% change year-on-year | -11.07% | +79.49% | -7.36% |
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 18 March 2024.
Procure-to-Pay
Contractor Hourly Rate Trend
3-month moving average hourly rates quoted in jobs citing Procure-to-Pay.
Procure-to-Pay
Hourly Rate Histogram
Hourly rate distribution of jobs citing Procure-to-Pay over the 6 months to 18 March 2024.
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 18 March 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 | +106 | 139 | £570 | +7.04% | 56 |
UK excluding London | +101 | 98 | £560 | +6.67% | 35 |
Work from Home | +151 | 82 | £600 | +8.11% | 40 |
London | +80 | 48 | £560 | +1.82% | 19 |
South East | +34 | 44 | £625 | +14.68% | 8 |
North of England | +51 | 25 | £555 | +16.84% | 13 |
Scotland | +37 | 17 | £488 | -15.22% | |
North West | +38 | 16 | £550 | +15.79% | 9 |
Yorkshire | +37 | 8 | £775 | - | 3 |
Midlands | +51 | 7 | £550 | +8.91% | 6 |
East of England | +17 | 6 | £525 | - | 1 |
West Midlands | - | 5 | £550 | - | 5 |
South West | +34 | 2 | £475 | - | 4 |
East Midlands | +22 | 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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