The table below looks at the statistics for knowledge and experience of Vermilion products and/or services in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Vermilion over the 3 months to 31 March 2015 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.

The figures below represent the IT contractor job market in general and are NOT representative of contractor rates within Vermilion Software.

Location
3 months to
31 Mar 2015
Same period 2014 Same period 2013
Vermilion
Rank 580 586 546
Rank change year-on-year
+6 -40
Contract jobs citing Vermilion 9 2 4
As % of all contract IT jobs located in the UK 0.016% 0.004% 0.009%
As % of the Vendors category 0.036% 0.008% 0.018%
Number of daily rates quoted 9 2 2
Average daily rate
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£550 £550 £450
Average daily rate % change year-on-year
- +22.22%
90% offered a daily rate of more than £540 £510 £350
10% offered a daily rate of more than £630 £590 £550
UK excluding London average daily rate £525 £500 £575
% change year-on-year
+5.00% -13.04%
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 Vendors category in contract jobs advertised across the UK.

Vendors Category
UK
Contract IT job ads with a match in the
Vendors category
24903 24255 21715
As % of all contract IT jobs located in the UK 45.32% 45.52% 46.69%
Number of daily rates quoted 14217 13367 11566
Average daily rate £400 £400 £393
Average daily rate % change year-on-year
- +1.91%
90% offered a daily rate of more than £230 £220 £225
10% offered a daily rate of more than £550 £550 £550
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 1069 1060 1196
Average hourly rate £17.50 £17.50 £18.75
Average hourly rate % change year-on-year
- -6.66%
90% offered a hourly rate of more than £11.50 £11.00 £10.43
10% offered a hourly rate of more than £42.50 £42.50 £37.80
UK excluding London average hourly rate £17.00 £17.50 £18.00
% change year-on-year
-2.85% -2.77%

Vermilion
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing Vermilion within the UK as a proportion of the total demand within the Vendors category.

Vermilion Jobs Demand Trend in the UK

Vermilion
Daily Rate Trend

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

Vermilion Daily Rate Trend in the UK

Vermilion
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Vermilion within the UK over the 3 months to 31 March 2015.

Vermilion Daily Rate Histogram in the UK

Vermilion
Top 4 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Vermilion within the UK over the 3 months to 31 March 2015. 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 -1 8 £575 +4.54% 1
London +11 7 £600 - 1
City of London +17 4 £600 - 1
South East -29 1 £550 +10.00%

Vermilion
Top 30 Related IT Skills

For the 6 months to 31 March 2015, IT contractor jobs within the UK citing Vermilion 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 Vermilion.

1 10 (62.50%) Eagle PACE
2 9 (56.25%) Business Intelligence
2 9 (56.25%) Asset Management
3 8 (50.00%) Investment Management
4 7 (43.75%) Project Management
5 5 (31.25%) Change Management
5 5 (31.25%) GAP Analysis
5 5 (31.25%) Finance
5 5 (31.25%) Data Warehouse
5 5 (31.25%) Banking
5 5 (31.25%) Investment Banking
5 5 (31.25%) Cost-Benefit Analysis
6 4 (25.00%) Business Analysis
7 3 (18.75%) Data Analysis
7 3 (18.75%) Fund Accounting
7 3 (18.75%) Reference Data
7 3 (18.75%) DSDM
7 3 (18.75%) PRINCE2
7 3 (18.75%) CMMI
7 3 (18.75%) BPR
7 3 (18.75%) Agile Software Development
8 2 (12.50%) Risk Management
8 2 (12.50%) Workflow
8 2 (12.50%) Salesforce.com
8 2 (12.50%) SQL
8 2 (12.50%) MS Office
8 2 (12.50%) ISO 9000
8 2 (12.50%) Analytical Skills
8 2 (12.50%) Time Management
8 2 (12.50%) Eagle STAR

Vermilion
Top Related IT Skills by Category

For the 6 months to 31 March 2015, IT contractor jobs within the UK citing Vermilion 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 Vermilion. Up to 20 skills are shown per category.

Applications
1 2 (12.50%) MS Office
2 1 (6.25%) MS Excel
Business Applications
1 10 (62.50%) Eagle PACE
2 2 (12.50%) Eagle STAR
Database & Business Intelligence
1 5 (31.25%) Data Warehouse
General
1 5 (31.25%) Finance
1 5 (31.25%) Banking
1 5 (31.25%) Investment Banking
Job Titles
1 10 (62.50%) Analyst
2 9 (56.25%) Business Analyst
3 6 (37.50%) Project Manager
3 6 (37.50%) Senior Business Analyst
3 6 (37.50%) Senior Analyst
4 2 (12.50%) IT Project Manager
5 1 (6.25%) Project Analyst
5 1 (6.25%) Business Project Manager
5 1 (6.25%) Business Manager
5 1 (6.25%) UAT Manager
5 1 (6.25%) Change Manager
Libraries, Frameworks & Software Standards
1 1 (6.25%) COM
Miscellaneous
1 3 (18.75%) Reference Data
2 2 (12.50%) Analytical Skills
3 1 (6.25%) Fixed Income
Processes & Methodologies
1 9 (56.25%) Business Intelligence
1 9 (56.25%) Asset Management
2 8 (50.00%) Investment Management
3 7 (43.75%) Project Management
4 5 (31.25%) Cost-Benefit Analysis
4 5 (31.25%) Change Management
4 5 (31.25%) GAP Analysis
5 4 (25.00%) Business Analysis
6 3 (18.75%) Fund Accounting
6 3 (18.75%) BPR
6 3 (18.75%) PRINCE2
6 3 (18.75%) Data Analysis
6 3 (18.75%) CMMI
6 3 (18.75%) DSDM
6 3 (18.75%) Agile Software Development
7 2 (12.50%) Risk Management
7 2 (12.50%) Workflow
7 2 (12.50%) Time Management
7 2 (12.50%) Wealth Management
7 2 (12.50%) User Acceptance Testing
Programming Languages
1 2 (12.50%) SQL
Qualifications
1 1 (6.25%) PRINCE2 Certification
Quality Assurance & Compliance
1 2 (12.50%) ISO 9000
Vendors
1 2 (12.50%) Salesforce.com
2 1 (6.25%) Microsoft