Period
to 18 January 2022

The following table provides summary statistics for contract job vacancies advertised in the City of London with a requirement for Cost Reduction skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Cost Reduction over the 6 months to 18 January 2022 with a comparison to the same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Cost Reduction
Central London > City of London
6 months to
18 Jan 2022
Same period 2021 Same period 2020
Rank 178 123 189
Rank change year-on-year -55 +66 +51
Contract jobs citing Cost Reduction 9 3 10
As % of all contract jobs advertised in the City of London 0.23% 0.15% 0.20%
As % of the Processes & Methodologies category 0.25% 0.16% 0.23%
Number of daily rates quoted 1 2 8
10th Percentile - £501 £450
25th Percentile - £559 £478
Median daily rate (50th Percentile) £580 £688 £500
Median % change year-on-year -15.64% +37.50% -11.11%
75th Percentile - £834 £541
90th Percentile - £904 £625
Central London median daily rate £580 £688 £500
% change year-on-year -15.64% +37.50% -13.42%

Cost Reduction 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 advertised in the City of London with a requirement for process or methodology skills.

All Process and Methodology Skills
City of London
Contract vacancies with a requirement for process or methodology skills 3,629 1,840 4,405
As % of all contract IT jobs advertised in the City of London 90.73% 90.15% 89.33%
Number of daily rates quoted 2,818 1,376 3,460
10th Percentile £370 £313 £320
25th Percentile £469 £413 £413
Median daily rate (50th Percentile) £550 £525 £513
Median % change year-on-year +4.76% +2.44% -
75th Percentile £660 £600 £605
90th Percentile £750 £688 £675
Central London median daily rate £550 £515 £510
% change year-on-year +6.80% +0.98% -0.49%
Number of hourly rates quoted 36 23 49
10th Percentile £19.13 £13.63 £12.03
25th Percentile £30.00 £19.50 £14.25
Median hourly rate £43.25 £26.50 £20.00
Median % change year-on-year +63.21% +32.50% +5.26%
75th Percentile £61.75 £36.38 £25.76
90th Percentile £64.25 £46.00 £52.25
Central London median hourly rate £43.25 £27.00 £20.42
% change year-on-year +60.19% +32.26% +6.05%

Cost Reduction
Job Vacancy Trend in the City of London

Job postings citing Cost Reduction as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Cost Reduction in the City of London

Cost Reduction
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing Cost Reduction in the City of London.

Daily rate trend for Cost Reduction in the City of London

Cost Reduction
Contractor Hourly Rate Trend in the City of London

3-month moving average hourly rates quoted in jobs citing Cost Reduction in the City of London.

Hourly rate trend for Cost Reduction in the City of London

For the 6 months to 18 January 2022, IT contractor jobs citing Cost Reduction also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the City of London region with a requirement for Cost Reduction.

1 4 (44.44%) Unix
1 4 (44.44%) Informatica
1 4 (44.44%) Shell Script
1 4 (44.44%) Investment Banking
1 4 (44.44%) Retail Banking
1 4 (44.44%) Corporate Banking
1 4 (44.44%) JIRA
1 4 (44.44%) Banking
1 4 (44.44%) Retail
1 4 (44.44%) Wealth Management
1 4 (44.44%) Kanban
1 4 (44.44%) Task Automation
1 4 (44.44%) Data Vault
2 3 (33.33%) SaaS
2 3 (33.33%) PaaS
2 3 (33.33%) Microsoft Office
3 2 (22.22%) MS Visio
3 2 (22.22%) Data Modelling
3 2 (22.22%) Use Case
3 2 (22.22%) Network Design
3 2 (22.22%) QA
3 2 (22.22%) Workflow
3 2 (22.22%) Translating Business Requirements
3 2 (22.22%) Agile Software Development
3 2 (22.22%) Data Privacy
3 2 (22.22%) Mentoring
3 2 (22.22%) Waterfall
3 2 (22.22%) IaaS
4 1 (11.11%) Analytics
4 1 (11.11%) DevOps

Cost Reduction
Co-occurring IT Skills in the City of London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Applications
1 3 (33.33%) Microsoft Office
2 2 (22.22%) MS Visio
3 1 (11.11%) Microsoft Excel
Cloud Services
1 3 (33.33%) PaaS
1 3 (33.33%) SaaS
2 2 (22.22%) IaaS
3 1 (11.11%) AWS
3 1 (11.11%) Azure
3 1 (11.11%) Force.com
Database & Business Intelligence
1 4 (44.44%) Data Vault
Development Applications
1 4 (44.44%) JIRA
General
1 4 (44.44%) Banking
1 4 (44.44%) Corporate Banking
1 4 (44.44%) Investment Banking
1 4 (44.44%) Retail
1 4 (44.44%) Retail Banking
2 1 (11.11%) Finance
2 1 (11.11%) Law
2 1 (11.11%) Social Skills
Job Titles
1 3 (33.33%) Architect
1 3 (33.33%) Data Engineer
1 3 (33.33%) Informatica Engineer
2 2 (22.22%) Analyst
2 2 (22.22%) Solutions Architect
3 1 (11.11%) Azure DevOps
3 1 (11.11%) Operations Analyst
3 1 (11.11%) Salesforce Architect
3 1 (11.11%) Salesforce Technical Architect
3 1 (11.11%) Technical Analyst
3 1 (11.11%) Technical Architect
Libraries, Frameworks & Software Standards
1 1 (11.11%) SailPoint
1 1 (11.11%) XML
Operating Systems
1 4 (44.44%) Unix
Processes & Methodologies
1 4 (44.44%) Kanban
1 4 (44.44%) Task Automation
1 4 (44.44%) Wealth Management
2 2 (22.22%) Agile Software Development
2 2 (22.22%) Data Modelling
2 2 (22.22%) Data Privacy
2 2 (22.22%) Mentoring
2 2 (22.22%) Network Design
2 2 (22.22%) Translating Business Requirements
2 2 (22.22%) Use Case
2 2 (22.22%) Waterfall
2 2 (22.22%) Workflow
3 1 (11.11%) Analytics
3 1 (11.11%) Coaching
3 1 (11.11%) CRM
3 1 (11.11%) Data Analytics
3 1 (11.11%) DevOps
3 1 (11.11%) Identity Access Management
3 1 (11.11%) SOA
3 1 (11.11%) Thought Leadership
Programming Languages
1 4 (44.44%) Shell Script
2 1 (11.11%) Apex Code
2 1 (11.11%) Java
2 1 (11.11%) JavaScript
Quality Assurance & Compliance
1 2 (22.22%) QA
System Software
1 1 (11.11%) Active Directory
Vendors
1 4 (44.44%) Informatica
2 1 (11.11%) Microsoft
2 1 (11.11%) Salesforce.com