Cost Reduction
London > Central London
The table below provides summary statistics for contract job vacancies advertised in Central London requiring Cost Reduction skills. It includes a benchmarking guide to the contractor rates offered in vacancies that cited Cost Reduction over the 6 months leading up to 1 May 2025, comparing them to the same period in the previous two years.
| 6 months to 1 May 2025 |
Same period 2024 | Same period 2023 | |
|---|---|---|---|
| Rank | 121 | 129 | 167 |
| Rank change year-on-year | +8 | +38 | +18 |
| Contract jobs citing Cost Reduction | 8 | 4 | 5 |
| As % of all contract jobs advertised in Central London | 0.40% | 0.16% | 0.13% |
| As % of the Processes & Methodologies category | 0.43% | 0.18% | 0.14% |
| Number of daily rates quoted | 3 | 2 | 2 |
| 10th Percentile | £563 | £513 | £184 |
| 25th Percentile | £619 | £531 | £242 |
| Median daily rate (50th Percentile) | £725 | £575 | £344 |
| Median % change year-on-year | +26.09% | +67.03% | -53.48% |
| 75th Percentile | £738 | £631 | £447 |
| 90th Percentile | - | £658 | £505 |
| London median daily rate | £575 | £654 | £550 |
| % change year-on-year | -12.05% | +18.87% | -4.35% |
All Process and Methodology Skills
Central London
Cost Reduction falls under the Processes and Methodologies category. For comparison with the information above, the following table provides summary statistics for all contract job vacancies requiring process or methodology skills in Central London.
| Contract vacancies with a requirement for process or methodology skills | 1,856 | 2,215 | 3,533 |
| As % of all contract IT jobs advertised in Central London | 92.94% | 90.56% | 91.65% |
| Number of daily rates quoted | 1,197 | 1,573 | 2,397 |
| 10th Percentile | £363 | £350 | £325 |
| 25th Percentile | £456 | £450 | £463 |
| Median daily rate (50th Percentile) | £565 | £550 | £600 |
| Median % change year-on-year | +2.73% | -8.33% | +5.26% |
| 75th Percentile | £675 | £688 | £725 |
| 90th Percentile | £774 | £800 | £825 |
| London median daily rate | £550 | £550 | £590 |
| % change year-on-year | - | -6.78% | +2.61% |
| Number of hourly rates quoted | 24 | 25 | 28 |
| 10th Percentile | £22.00 | £20.04 | £15.43 |
| 25th Percentile | £22.75 | £22.50 | £18.50 |
| Median hourly rate | £29.07 | £27.81 | £35.00 |
| Median % change year-on-year | +4.53% | -20.54% | -14.63% |
| 75th Percentile | £43.97 | £33.00 | £58.75 |
| 90th Percentile | £50.75 | £46.89 | £88.30 |
| London median hourly rate | £31.67 | £29.50 | £38.13 |
| % change year-on-year | +7.36% | -22.62% | +5.90% |
Cost Reduction
Job Vacancy Trend in Central London
Job postings citing Cost Reduction as a proportion of all IT jobs advertised in Central London.
Cost Reduction
Contractor Daily Rate Trend in Central London
3-month moving average daily rate quoted in jobs citing Cost Reduction in Central London.
Cost Reduction
Daily Rate Histogram in Central London
Daily rate distribution for jobs citing Cost Reduction in Central London over the 6 months to 1 May 2025.
Cost Reduction
Contractor Hourly Rate Trend in Central London
3-month moving average hourly rates quoted in jobs citing Cost Reduction in Central London.
Cost Reduction
Contract Job Locations in Central London
The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Cost Reduction within the Central London region over the 6 months to 1 May 2025. 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 |
|---|---|---|---|---|---|
| City of London | +12 | 8 | £725 | +26.09% | 1 |
| Cost Reduction London |
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Cost Reduction
Co-occurring Skills and Capabilities in Central London 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: