The table below looks at the prevalence of the term ASIC in IT contracts advertised for the West Midlands region. Included is a guide to the average contractor rates offered in IT contracts that have cited ASIC over the 3 months to 5 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
5 Feb 2016
Same period 2015 Same period 2014
Application-Specific Integrated Circuit (ASIC)
Rank - - -
Contract jobs citing ASIC 0 0 0
As % of all contract IT jobs located in the West Midlands - - -
As % of the Miscellaneous category - - -
Number of daily rates quoted 0 0 0
Average daily rate - - -
UK excluding London average daily rate £405 - £425
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £40.25 £32.50 £40.00
% change year-on-year
+23.84% -18.75%
ASIC
England

The following table is for comparison with the above and provides statistics for the entire Miscellaneous category in contract jobs advertised in the West Midlands region.

Miscellaneous Category
West Midlands
Contract IT job ads with a match in the
Miscellaneous category
698 597 572
As % of all contract IT jobs located in the West Midlands 27.57% 27.70% 27.29%
Number of daily rates quoted 415 331 314
Average daily rate £375 £350 £325
Average daily rate % change year-on-year
+7.14% +7.69%
90% offered a daily rate of more than £200 £200 £225
10% offered a daily rate of more than £525 £550 £450
UK excluding London average daily rate £375 £373 £350
% change year-on-year
+0.67% +6.42%
Number of hourly rates quoted 33 61 45
Average hourly rate £14.00 £22.50 £21.00
Average hourly rate % change year-on-year
-37.77% +7.14%
90% offered a hourly rate of more than £11.00 £12.15 £13.55
10% offered a hourly rate of more than £38.50 £34.40 £37.77
UK excluding London average hourly rate £24.00 £17.50 £17.50
% change year-on-year
+37.14% -

ASIC
Jobs Demand Trend in the West Midlands

This chart provides a 3-month moving total of IT contractor jobs citing ASIC across the West Midlands region as a proportion of the total demand within the Miscellaneous category.

ASIC Jobs Demand Trend in the West Midlands

ASIC
Daily Rate Trend in the West Midlands

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing ASIC across the West Midlands region.

ASIC Daily Rate Trend in the West Midlands

ASIC
Hourly Rate Trend in the West Midlands

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing ASIC across the West Midlands region.

ASIC Hourly Rate Trend in the West Midlands