Period
to 14 December 2019

The median contractor rate for a Product Owner was £550 per day in advertised job vacancies in Essex during the 6 months to 14 December 2019.

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.

Product Owner
6 months to
14 Dec 2019
Same period 2018 Same period 2017
Rank 55 106 -
Rank change year-on-year +51 - -
Contract jobs requiring a Product Owner 2 7 0
As % of all contract IT jobs advertised in Essex 0.40% 0.65% -
As % of the Job Titles category 0.45% 0.68% -
Number of daily rates quoted 2 7 0
Essex median daily rate £550 £550 -
East of England median daily rate £460 £450 £413
% change year-on-year +2.22% +9.09% -
Number of hourly rates quoted 0 0 0
Essex median hourly rate - - -
East of England median hourly rate £30.00 - -

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 447 1,025 735
% of contract IT jobs with a recognized job title 89.40% 95.44% 97.09%
Number of daily rates quoted 270 623 497
Essex median daily rate £425 £500 £475
Median daily rate % change year-on-year -15.00% +5.26% +35.71%
10th Percentile £142 £250 £257
90th Percentile £575 £600 £600
East of England median daily rate £425 £425 £413
% change year-on-year - +3.03% +6.45%
Number of hourly rates quoted 23 45 67
Essex median hourly rate £14.13 £16.50 £36.00
Median hourly rate % change year-on-year -14.36% -54.17% +11.11%
10th Percentile £9.62 £10.96 £13.00
90th Percentile £23.18 £47.50 £63.75
East of England median hourly rate £16.50 £17.38 £20.39
% change year-on-year -5.04% -14.77% +1.93%

Product Owner
Job Vacancy Trend in Essex

Job postings that featured Product Owner in the job title as a percentage of all IT jobs advertised in Essex.

Job vacancy trend for Product Owner in Essex

Product Owner
Contractor Daily Rate Trend in Essex

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Product Owner in Essex.

Contractor daily rate trend for Product Owner in Essex

Product Owner Skill Set
Top 22 Co-occurring IT Skills in Essex

For the 6 months to 14 December 2019, Product Owner contract jobs required the following IT skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the Essex region featuring Product Owner in the job title.

1 2 (100.00%) SAP
1 2 (100.00%) SOAP
1 2 (100.00%) Web Services
1 2 (100.00%) XML
1 2 (100.00%) SOA
1 2 (100.00%) Business Intelligence
1 2 (100.00%) Electronics
1 2 (100.00%) Telecoms
1 2 (100.00%) Finance
1 2 (100.00%) Manufacturing
1 2 (100.00%) Scrum
1 2 (100.00%) Programme Management
1 2 (100.00%) TDD
1 2 (100.00%) Business Analysis
1 2 (100.00%) Marketing
1 2 (100.00%) Digital Marketing
1 2 (100.00%) RESTful
1 2 (100.00%) REST
1 2 (100.00%) Greenfield Project
1 2 (100.00%) Sequence Diagram
1 2 (100.00%) Product Roadmap
1 2 (100.00%) Public Sector

Product Owner Skill Set
Co-occurring IT Skills in Essex 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:

General
1 2 (100.00%) Electronics
1 2 (100.00%) Finance
1 2 (100.00%) Manufacturing
1 2 (100.00%) Marketing
1 2 (100.00%) Public Sector
1 2 (100.00%) Telecoms
Libraries, Frameworks & Software Standards
1 2 (100.00%) REST
1 2 (100.00%) RESTful
1 2 (100.00%) SOAP
1 2 (100.00%) Web Services
1 2 (100.00%) XML
Miscellaneous
1 2 (100.00%) Greenfield Project
Processes & Methodologies
1 2 (100.00%) Business Analysis
1 2 (100.00%) Business Intelligence
1 2 (100.00%) Digital Marketing
1 2 (100.00%) Product Roadmap
1 2 (100.00%) Programme Management
1 2 (100.00%) Scrum
1 2 (100.00%) Sequence Diagram
1 2 (100.00%) SOA
1 2 (100.00%) TDD
Vendors
1 2 (100.00%) SAP