Period
to 31 October 2020

The median contractor rate for a Principal Engineer was - per day in advertised job vacancies in Essex during the 6 months to 31 October 2020.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to 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.

Principal Engineer
6 months to
31 Oct 2020
Same period 2019 Same period 2018
Rank - - 115
Contract jobs requiring a Principal Engineer 0 0 1
As % of all contract jobs advertised in Essex - - 0.092%
As % of the Job Titles category - - 0.098%
Number of daily rates quoted 0 0 0
Median daily rate - - -
East of England median daily rate - £650 £713
% change year-on-year - -8.77% -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
East of England median hourly rate - - -

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in Essex. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.

All Contract IT Job Vacancies
Essex
Contract vacancies in Essex with a recognized job title 276 570 1,019
% of contract IT jobs with a recognized job title 88.46% 92.83% 94.18%
Number of daily rates quoted 196 353 639
Median daily rate £450 £450 £500
Median daily rate % change year-on-year - -10.00% +5.26%
10th Percentile £206 £161 £218
90th Percentile £600 £573 £600
East of England median daily rate £413 £425 £425
% change year-on-year -2.94% - +3.03%
Number of hourly rates quoted 17 26 40
Median hourly rate £35.00 £15.88 £16.50
Median hourly rate % change year-on-year +120.40% -3.76% -48.44%
10th Percentile £15.51 £9.44 £12.41
90th Percentile £50.00 £36.88 £47.50
Median hourly rate £21.00 £16.50 £17.43
% change year-on-year +27.27% -5.31% -3.19%

Principal Engineer
Job Vacancy Trend in Essex

Job postings that featured Principal Engineer in the job title as a proportion of all IT jobs advertised in Essex.

Job vacancy trend for Principal Engineer in Essex