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 24 May 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
24 May 2016
Same period 2015 Same period 2014
Solvency II
Rank - 125 120
Contract jobs citing Solvency II 0 3 1
As % of all contract IT jobs located in the West Midlands - 0.12% 0.042%
As % of the Quality Assurance & Compliance category - 1.45% 0.49%
Number of daily rates quoted 0 3 1
Median daily rate - £525 £388
Median daily rate % change year-on-year
- +35.48%
UK excluding London median daily rate £685 £478 £451
% change year-on-year
+43.45% +5.99%
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
250 207 206
As % of all contract IT jobs located in the West Midlands 9.00% 8.09% 8.66%
Number of daily rates quoted 168 139 80
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 £275 £200 £223
10% offered a daily rate of more than £501 £475 £485
UK excluding London median daily rate £400 £375 £365
% change year-on-year
+6.66% +2.73%
Number of hourly rates quoted 5 18 23
Median hourly rate £13.50 £29.00 £17.30
Median hourly rate % change year-on-year
-53.44% +67.63%
90% offered a hourly rate of more than £8.50 £12.00 £10.60
10% offered a hourly rate of more than £42.50 £44.00 £36.80
UK excluding London median hourly rate £25.50 £25.00 £21.00
% change year-on-year
+2.00% +19.04%

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