The following table provides summary statistics for contract job vacancies advertised in the South West with a requirement for Solvency II skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Solvency II over the 3 months to 28 June 2017 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.

Solvency II
England / South West
3 months to
28 Jun 2017
Same period 2016 Same period 2015
Rank - 137 129
Contract jobs citing Solvency II 0 3 13
As % of all contract IT jobs advertised in the South West - 0.10% 0.42%
As % of the Quality Assurance & Compliance category - 0.88% 3.35%
Number of daily rates quoted 0 3 12
Median daily rate - £463 £463
UK excluding London median daily rate £433 £456 £465
% change year-on-year -5.20% -1.88%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Solvency II is in the quality assurance and compliance skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in the South West with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
South West
Contract job vacancies with a requirement for quality assurance and compliance skills 354 341 388
As % of all contract IT job vacancies advertised in the South West 12.93% 11.38% 12.60%
Number of daily rates quoted 253 296 363
Median daily rate £375 £383 £390
Median daily rate % change year-on-year -1.96% -1.92%  
90% offered a daily rate of more than £180 £263 £225
10% offered a daily rate of more than £575 £625 £595
UK excluding London median daily rate £400 £380 £375
% change year-on-year +5.26% +1.33%  
Number of hourly rates quoted 51 30 17
Median hourly rate £34.75 £40.00 £42.50
Median hourly rate % change year-on-year -13.12% -5.88%  
90% offered a hourly rate of more than £17.00 £32.25 £12.50
10% offered a hourly rate of more than £47.50 £54.68 £45.00
UK excluding London median hourly rate £25.00 £28.00 £21.55
% change year-on-year -10.71% +29.93%  

Solvency II
Job Vacancy Trend in the South West

Job postings citing Solvency II as a percentage of all IT jobs advertised in the South West.

Job vacancy trend for Solvency II in the South West

Solvency II
Contractor Daily Rate Trend in the South West

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Solvency II in the South West.

Contractor daily rate trend for Solvency II in the South West