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 average contractor rates offered in IT contracts that have cited Solvency II over the 3 months to 29 April 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.

3 months to
29 Apr 2016
Same period 2015 Same period 2014
Solvency II
Rank - 121 -
Contract jobs citing Solvency II 0 2 0
As % of all contract IT jobs located in the West Midlands - 0.075% -
As % of the Quality Assurance & Compliance category - 0.95% -
Number of daily rates quoted 0 2 0
Average daily rate - £588 -
UK excluding London average daily rate £605 £500 £451
% change year-on-year
+21.00% +10.98%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average 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
238 211 201
As % of all contract IT jobs located in the West Midlands 8.23% 7.88% 8.54%
Number of daily rates quoted 161 125 73
Average daily rate £375 £350 £399
Average daily rate % change year-on-year
+7.14% -12.22%
90% offered a daily rate of more than £282 £189 £213
10% offered a daily rate of more than £550 £475 £525
UK excluding London average daily rate £400 £385 £370
% change year-on-year
+3.89% +4.05%
Number of hourly rates quoted 2 24 17
Average hourly rate £42.50 £29.00 £14.50
Average hourly rate % change year-on-year
+46.55% +100.00%
UK excluding London average hourly rate £33.00 £29.00 £19.50
% change year-on-year
+13.79% +48.71%

Solvency II
Jobs Demand Trend in the West Midlands

This chart provides a 3-month moving total of IT contractor jobs citing Solvency II across the West Midlands region as a proportion of the total demand within 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