Target Operating Model Contracts with Work from Home Options

Target Operating Model (TOM)
UK > Work from Home

The table below provides summary statistics for contract job vacancies with an option to work from home (WFH) and a requirement for Target Operating Model skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Target Operating Model over the 6 months to 9 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
9 May 2024
Same period 2023 Same period 2022
Rank 252 328 395
Rank change year-on-year +76 +67 -69
Contract jobs citing Target Operating Model 89 141 232
As % of all contract jobs with a WFH option 0.59% 0.56% 0.53%
As % of the Processes & Methodologies category 0.67% 0.63% 0.58%
Number of daily rates quoted 69 93 189
10th Percentile £413 £426 £413
25th Percentile £513 £513 £475
Median daily rate (50th Percentile) £575 £605 £550
Median % change year-on-year -4.96% +10.00% +4.76%
75th Percentile £638 £775 £688
90th Percentile £720 £820 £818
UK median daily rate £575 £585 £550
% change year-on-year -1.71% +6.36% -

All Process and Methodology Skills
Work from Home

Target Operating Model 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 with a WFH option and a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 13,268 22,513 39,948
As % of all contract jobs with a WFH option 88.01% 89.73% 91.07%
Number of daily rates quoted 8,896 15,904 28,997
10th Percentile £325 £363 £362
25th Percentile £425 £450 £431
Median daily rate (50th Percentile) £525 £540 £525
Median % change year-on-year -2.78% +2.86% +7.69%
75th Percentile £638 £650 £630
90th Percentile £750 £750 £725
UK median daily rate £525 £550 £530
% change year-on-year -4.55% +3.77% +8.72%
Number of hourly rates quoted 573 519 530
10th Percentile £15.03 £18.63 £13.73
25th Percentile £25.50 £30.00 £20.06
Median hourly rate £43.00 £55.00 £35.00
Median % change year-on-year -21.82% +57.14% +41.16%
75th Percentile £60.00 £68.75 £55.63
90th Percentile £75.20 £80.25 £67.50
UK median hourly rate £36.50 £36.00 £25.18
% change year-on-year +1.39% +42.97% +2.78%

Target Operating Model
Trend for Jobs with a WFH Option

Job vacancies with a work from home option citing Target Operating Model as a proportion of all IT jobs advertised.

Target Operating Model trend for jobs with a WFH option

Target Operating Model
Daily Rate Trend for Jobs with a WFH Option

3-month moving average daily rate quoted in job vacancies with a work from home option citing Target Operating Model.

Target Operating Model daily rate for jobs with a WFH option

Target Operating Model
Daily Rate Histogram for Jobs with a WFH Option

Daily rate distribution for jobs with a work from home option citing Target Operating Model over the 6 months to 9 May 2024.

Target Operating Model daily rate histogram for jobs with a WFH option

Target Operating Model
Co-occurring Skills and Capabilities with WFH Options 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:

Application Platforms
1 5 (5.62%) Confluence
2 2 (2.25%) Adobe Experience Manager
3 1 (1.12%) SharePoint
Applications
1 6 (6.74%) Microsoft Excel
2 5 (5.62%) Microsoft PowerPoint
3 4 (4.49%) Microsoft Office
3 4 (4.49%) Microsoft Project
4 1 (1.12%) MS Visio
Business Applications
1 4 (4.49%) Loan IQ
2 1 (1.12%) Dynamics CRM
2 1 (1.12%) SAP S/4HANA
2 1 (1.12%) Sparx Enterprise Architect
Cloud Services
1 8 (8.99%) Azure
2 5 (5.62%) Azure DevOps
3 3 (3.37%) Cloud Computing
3 3 (3.37%) Dynamics 365
4 2 (2.25%) Microsoft 365
4 2 (2.25%) Power Platform
4 2 (2.25%) SaaS
5 1 (1.12%) AWS
5 1 (1.12%) Azure API Management
5 1 (1.12%) Azure Event Grid
5 1 (1.12%) Azure Logic Apps
5 1 (1.12%) Entra ID
5 1 (1.12%) IaaS
5 1 (1.12%) PaaS
Communications & Networking
1 2 (2.25%) Cisco IOS
1 2 (2.25%) LAN
1 2 (2.25%) Network Security
2 1 (1.12%) Firewall
2 1 (1.12%) VPN
Database & Business Intelligence
1 3 (3.37%) Big Data
Development Applications
1 5 (5.62%) JIRA
2 1 (1.12%) Visual Studio
General
1 35 (39.33%) Social Skills
2 22 (24.72%) Finance
3 17 (19.10%) Public Sector
4 10 (11.24%) Banking
5 9 (10.11%) Inclusion and Diversity
6 7 (7.87%) Analytical Skills
7 5 (5.62%) Investment Banking
8 4 (4.49%) Financial Institution
8 4 (4.49%) Presentation Skills
9 3 (3.37%) Front Office
10 2 (2.25%) Influencing Skills
10 2 (2.25%) Private Banking
11 1 (1.12%) Advertising
11 1 (1.12%) Back Office
11 1 (1.12%) Organisational Skills
Job Titles
1 33 (37.08%) Analyst
2 32 (35.96%) Business Analyst
3 13 (14.61%) Project Manager
4 12 (13.48%) Consultant
5 11 (12.36%) Senior
6 7 (7.87%) Architect
7 6 (6.74%) Insurance Business Analyst
8 5 (5.62%) Asset Management Analyst
8 5 (5.62%) Asset Management Business Analyst
8 5 (5.62%) Programme Manager
8 5 (5.62%) Senior Analyst
8 5 (5.62%) Senior Business Analyst
8 5 (5.62%) Senior Manager
8 5 (5.62%) Senior Project Manager
9 4 (4.49%) Business Manager
9 4 (4.49%) Change Manager
10 3 (3.37%) Business Change Manager
10 3 (3.37%) PMO Manager
10 3 (3.37%) Scrum Master
10 3 (3.37%) Systems Delivery Manager
Libraries, Frameworks & Software Standards
1 3 (3.37%) EDI
2 2 (2.25%) Web Services
3 1 (1.12%) .NET
3 1 (1.12%) LDAP
3 1 (1.12%) Middleware
3 1 (1.12%) SAML
3 1 (1.12%) SAP Fiori
Miscellaneous
1 7 (7.87%) Product Ownership
2 5 (5.62%) Fixed Income
3 4 (4.49%) Derivative
4 3 (3.37%) Management Information System
4 3 (3.37%) Onboarding
5 2 (2.25%) Wiki
6 1 (1.12%) Data Protection Act
6 1 (1.12%) Equities
6 1 (1.12%) Freedom of Information
6 1 (1.12%) Freedom of Information Act
6 1 (1.12%) Housing Association
6 1 (1.12%) Public Cloud
6 1 (1.12%) Reference Data
6 1 (1.12%) Self-Motivation
6 1 (1.12%) Smart Meter
Processes & Methodologies
1 28 (31.46%) Agile
1 28 (31.46%) Stakeholder Management
2 21 (23.60%) Change Management
3 14 (15.73%) User Stories
4 12 (13.48%) Business Analysis
5 11 (12.36%) Project Management
6 10 (11.24%) PRINCE2
6 10 (11.24%) Problem-Solving
6 10 (11.24%) Stakeholder Engagement
7 9 (10.11%) Decision-Making
7 9 (10.11%) Project Delivery
7 9 (10.11%) Roadmaps
7 9 (10.11%) Scrum
7 9 (10.11%) Waterfall
8 8 (8.99%) Asset Management
8 8 (8.99%) Business Case
8 8 (8.99%) Business Strategy
8 8 (8.99%) Project Governance
8 8 (8.99%) Requirements Gathering
9 7 (7.87%) Migration
Programming Languages
1 1 (1.12%) C#
1 1 (1.12%) Java
1 1 (1.12%) JavaScript
1 1 (1.12%) PHP
1 1 (1.12%) Python
1 1 (1.12%) Ruby
Qualifications
1 12 (13.48%) Degree
2 5 (5.62%) Security Cleared
3 4 (4.49%) APMP
3 4 (4.49%) Numerate Degree
3 4 (4.49%) SC Cleared
4 3 (3.37%) PRINCE2 Practitioner
5 2 (2.25%) DV Cleared
6 1 (1.12%) Azure Certification
6 1 (1.12%) Master's Degree
6 1 (1.12%) MBA
6 1 (1.12%) TOGAF Certification
Quality Assurance & Compliance
1 7 (7.87%) PMO
2 4 (4.49%) Data Quality
3 1 (1.12%) Actionable Recommendations
3 1 (1.12%) ISO/IEC 27001
3 1 (1.12%) QA
System Software
1 1 (1.12%) Active Directory
1 1 (1.12%) Docker
1 1 (1.12%) Hyper-V
1 1 (1.12%) Virtual Machines
1 1 (1.12%) VMware Infrastructure
Systems Management
1 2 (2.25%) SolarWinds Orion
2 1 (1.12%) Kubernetes
2 1 (1.12%) Single Sign-On
Vendors
1 8 (8.99%) Microsoft
2 7 (7.87%) ServiceNow
3 3 (3.37%) Phenom
4 2 (2.25%) Adobe
4 2 (2.25%) Cisco
4 2 (2.25%) MuleSoft
4 2 (2.25%) SAP
5 1 (1.12%) Salesforce
5 1 (1.12%) Sparx
5 1 (1.12%) VMware
5 1 (1.12%) Workday