The table below looks at the statistics for Solvency II skills in IT contracts advertised for the West Midlands region. Included is a guide to the contractor rates offered in IT contracts that have cited Solvency II over the 3 months to 29 June 2016 with a comparison to the same period over 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.

3 months to
29 Jun 2016
Same period 2015 Same period 2014
Solvency II
Rank - 112 112
Contract jobs citing Solvency II 0 6 5
As % of all contract IT jobs located in the West Midlands - 0.25% 0.22%
As % of the Quality Assurance & Compliance category - 3.35% 2.66%
Number of daily rates quoted 0 6 2
Median daily rate - £500 £388
Median daily rate % change year-on-year
- +29.03%
UK excluding London median daily rate £463 £465 £450
% change year-on-year
-0.53% +3.33%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
Solvency II
England

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

Quality Assurance & Compliance Category
West Midlands
Contract IT job ads with a match in the
Quality Assurance & Compliance category
216 179 188
As % of all contract IT jobs located in the West Midlands 7.21% 7.55% 8.14%
Number of daily rates quoted 157 110 85
Median daily rate £375 £350 £388
Median daily rate % change year-on-year
+7.14% -9.67%
90% offered a daily rate of more than £222 £191 £225
10% offered a daily rate of more than £500 £500 £587
UK excluding London median daily rate £400 £378 £365
% change year-on-year
+5.96% +3.42%
Number of hourly rates quoted 8 17 28
Median hourly rate £19.25 £29.41 £17.75
Median hourly rate % change year-on-year
-34.54% +65.69%
90% offered a hourly rate of more than £8.50 £12.00 £14.31
10% offered a hourly rate of more than £42.50 £42.50 £37.50
UK excluding London median hourly rate £28.00 £22.50 £21.00
% change year-on-year
+24.44% +7.14%

Solvency II
Jobs Demand Trend in the West Midlands

The demand trend of contract jobs across the West Midlands region citing Solvency II as a proportion of all IT contracts with a match in the Quality Assurance & Compliance category.

Solvency II Jobs Demand Trend in the West Midlands

Solvency II
Daily Rate Trend in the West Midlands

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

Solvency II Daily Rate Trend in the West Midlands