Benchmarking Contracts in the West Midlands

Benchmarking
England > West Midlands

The following table provides summary statistics for contract job vacancies advertised in the West Midlands with a requirement for Benchmarking skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Benchmarking over the 6 months to 5 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
5 May 2024
Same period 2023 Same period 2022
Rank 111 - 171
Rank change year-on-year - - -40
Contract jobs citing Benchmarking 2 0 5
As % of all contract jobs advertised in the West Midlands 0.10% - 0.14%
As % of the Processes & Methodologies category 0.12% - 0.16%
Number of daily rates quoted 0 0 3
10th Percentile - - £267
25th Percentile - - £275
Median daily rate (50th Percentile) - - £300
Median % change year-on-year - - -33.33%
75th Percentile - - £369
90th Percentile - - £403
England median daily rate £488 £645 £525
% change year-on-year -24.42% +22.86% +23.53%

All Process and Methodology Skills
West Midlands

Benchmarking 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 advertised in the West Midlands with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 1,619 2,088 3,197
As % of all contract IT jobs advertised in the West Midlands 84.06% 88.62% 90.13%
Number of daily rates quoted 1,076 1,429 2,350
10th Percentile £275 £263 £271
25th Percentile £368 £400 £398
Median daily rate (50th Percentile) £500 £513 £488
Median % change year-on-year -2.44% +5.13% +14.71%
75th Percentile £625 £600 £575
90th Percentile £750 £700 £675
England median daily rate £525 £550 £538
% change year-on-year -4.55% +2.33% +8.04%
Number of hourly rates quoted 114 49 68
10th Percentile £11.08 £12.40 £12.00
25th Percentile £14.00 £13.31 £13.97
Median hourly rate £22.50 £18.50 £16.91
Median % change year-on-year +21.62% +9.39% +0.55%
75th Percentile £40.38 £27.13 £19.59
90th Percentile £58.00 £48.75 £20.96
England median hourly rate £36.33 £36.40 £24.35
% change year-on-year -0.18% +49.47% +3.62%

Benchmarking
Job Vacancy Trend in the West Midlands

Job postings citing Benchmarking as a proportion of all IT jobs advertised in the West Midlands.

Job vacancy trend for Benchmarking in the West Midlands

Benchmarking
Contractor Daily Rate Trend in the West Midlands

3-month moving average daily rate quoted in jobs citing Benchmarking in the West Midlands.

Daily rate trend for Benchmarking in the West Midlands

Benchmarking
Contractor Hourly Rate Trend in the West Midlands

3-month moving average hourly rates quoted in jobs citing Benchmarking in the West Midlands.

Hourly rate trend for Benchmarking in the West Midlands

Benchmarking
Contract Job Locations in the West Midlands

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Benchmarking within the West Midlands region over the 6 months to 5 May 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
Birmingham - 1 - - 4
Warwickshire - 1 - - 2
Benchmarking
England

Benchmarking
Co-occurring Skills and Capabilities in the West Midlands 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:

Applications
1 1 (50.00%) Simulink
General
1 1 (50.00%) Finance
Job Titles
1 1 (50.00%) Analyst
1 1 (50.00%) Financial Analyst
1 1 (50.00%) Systems Engineer
Miscellaneous
1 1 (50.00%) Algorithms
Processes & Methodologies
1 1 (50.00%) Artificial Intelligence
1 1 (50.00%) Business Case
1 1 (50.00%) Hardware-in-the-Loop
1 1 (50.00%) Machine Learning
1 1 (50.00%) Model-Based Systems Engineering
1 1 (50.00%) Project Management
1 1 (50.00%) Systems Engineering
1 1 (50.00%) Validation
1 1 (50.00%) Verification and Validation
Programming Languages
1 1 (50.00%) C++
1 1 (50.00%) MATLAB
1 1 (50.00%) Python
Quality Assurance & Compliance
1 1 (50.00%) ISO 26262
Systems Management
1 1 (50.00%) Functional Safety