Period
to 28 May 2020

The following table provides summary statistics for contract job vacancies advertised in the UK excluding London with a requirement for PSD2 skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited PSD2 over the 6 months to 28 May 2020 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.

EU Revised Directive on Payment Services (PSD2)
UK > UK excluding London
6 months to
28 May 2020
Same period 2019 Same period 2018
Rank 445 559 611
Rank change year-on-year +114 +52 +5
Contract jobs citing PSD2 9 68 40
As % of all contract jobs advertised in the UK excluding London 0.035% 0.14% 0.075%
As % of the Quality Assurance & Compliance category 0.34% 1.30% 0.61%
Number of daily rates quoted 6 54 29
Median daily rate £638 £500 £450
Median daily rate % change year-on-year +27.50% +11.11% -21.74%
10th Percentile £324 £352 £382
90th Percentile £663 £685 £575
UK median daily rate £500 £600 £544
% change year-on-year -16.67% +10.34% -5.43%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK median hourly rate - - -

PSD2 is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in the UK excluding London with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
UK excluding London
Contract vacancies with a requirement for quality assurance or compliance skills 2,636 5,238 6,594
As % of all contract IT jobs advertised in the UK excluding London 10.24% 10.78% 12.40%
Number of daily rates quoted 1,441 3,061 3,965
Median daily rate £425 £425 £400
Median daily rate % change year-on-year - +6.25% -
10th Percentile £213 £211 £225
90th Percentile £613 £600 £575
UK median daily rate £450 £450 £450
Number of hourly rates quoted 175 290 272
Median hourly rate £22.55 £24.30 £23.17
Median hourly rate % change year-on-year -7.20% +4.84% +0.01%
10th Percentile £12.56 £10.74 £11.39
90th Percentile £53.00 £52.50 £51.20
Median hourly rate £26.48 £22.75 £22.85
% change year-on-year +16.40% -0.42% -0.46%

PSD2
Job Vacancy Trend in the UK excluding London

Job postings citing PSD2 as a proportion of all IT jobs advertised in the UK excluding London.

Job vacancy trend for PSD2 in the UK excluding London

PSD2
Contractor Daily Rate Trend in the UK excluding London

3-month moving average daily rate quoted in jobs citing PSD2 in the UK excluding London.

Daily rate trend for PSD2 in the UK excluding London

PSD2
Daily Rate Histogram in the UK excluding London

Daily rate distribution for jobs citing PSD2 in the UK excluding London over the 6 months to 28 May 2020.

Daily rate histogram for PSD2 in the UK excluding London

PSD2
Contract Job Locations in the UK excluding London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing PSD2 within the UK excluding London region over the 6 months to 28 May 2020. 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
Job
Vacancies
North of England +87 7 £625 +25.00%
North West +48 5 £650 +23.81%
Yorkshire +63 2 £349 -30.25%
Midlands +62 2 £650 +73.33%
East Midlands +38 1 - -
PSD2
UK

For the 6 months to 28 May 2020, IT contractor jobs citing PSD2 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 UK excluding London region with a requirement for PSD2.

1 8 (88.89%) Finance
2 6 (66.67%) Project Management
3 5 (55.56%) Service Delivery
3 5 (55.56%) Regression Testing
3 5 (55.56%) Back Office
3 5 (55.56%) Oracle
3 5 (55.56%) PRINCE2
3 5 (55.56%) ERP
3 5 (55.56%) DRM
3 5 (55.56%) Agile Software Development
3 5 (55.56%) PCI DSS
3 5 (55.56%) Oracle Fusion
3 5 (55.56%) Procure-to-Pay
3 5 (55.56%) Oracle Procure-to-Pay
4 4 (44.44%) Oracle Receivables
4 4 (44.44%) Oracle Assets
4 4 (44.44%) Oracle General Ledger
4 4 (44.44%) Payment Gateway
4 4 (44.44%) Oracle CX
4 4 (44.44%) Oracle Payables
4 4 (44.44%) Self-Motivation
5 3 (33.33%) Public Sector
5 3 (33.33%) Target Operating Model
5 3 (33.33%) Banking
6 2 (22.22%) Maven
6 2 (22.22%) Java
6 2 (22.22%) JSP
6 2 (22.22%) Eclipse
6 2 (22.22%) Programme Management
6 2 (22.22%) Decision-Making

PSD2
Co-occurring IT Skills in the UK excluding 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:

Application Platforms
1 1 (11.11%) MS Project Server
1 1 (11.11%) SharePoint
Applications
1 1 (11.11%) InfoPath
1 1 (11.11%) Microsoft Excel
1 1 (11.11%) Microsoft Office
1 1 (11.11%) Microsoft PowerPoint
1 1 (11.11%) Microsoft Project
1 1 (11.11%) MS Visio
Business Applications
1 5 (55.56%) Oracle Procure-to-Pay
2 4 (44.44%) Oracle Assets
2 4 (44.44%) Oracle General Ledger
2 4 (44.44%) Oracle Payables
2 4 (44.44%) Oracle Receivables
2 4 (44.44%) Payment Gateway
Cloud Services
1 4 (44.44%) Oracle CX
Development Applications
1 2 (22.22%) Eclipse
1 2 (22.22%) Maven
General
1 8 (88.89%) Finance
2 5 (55.56%) Back Office
3 3 (33.33%) Banking
3 3 (33.33%) Public Sector
Job Titles
1 5 (55.56%) Delivery Manager
1 5 (55.56%) Service Delivery Manager
1 5 (55.56%) Service Manager
2 2 (22.22%) Architect
2 2 (22.22%) Technical Architect
3 1 (11.11%) Database Manager
3 1 (11.11%) PMO Manager
3 1 (11.11%) Project Manager
Libraries, Frameworks & Software Standards
1 5 (55.56%) Oracle Fusion
2 2 (22.22%) JSP
Miscellaneous
1 4 (44.44%) Self-Motivation
Processes & Methodologies
1 6 (66.67%) Project Management
2 5 (55.56%) Agile Software Development
2 5 (55.56%) DRM
2 5 (55.56%) ERP
2 5 (55.56%) PRINCE2
2 5 (55.56%) Procure-to-Pay
2 5 (55.56%) Regression Testing
2 5 (55.56%) Service Delivery
3 3 (33.33%) Target Operating Model
4 2 (22.22%) Decision-Making
4 2 (22.22%) Programme Management
5 1 (11.11%) Budgeting and Forecasting
5 1 (11.11%) Customer Requirements
5 1 (11.11%) Data Analysis
5 1 (11.11%) Line Management
5 1 (11.11%) Matrix Organization
5 1 (11.11%) Project Delivery
5 1 (11.11%) Stakeholder Management
5 1 (11.11%) Validation
5 1 (11.11%) Workflow
Programming Languages
1 2 (22.22%) Java
Qualifications
1 1 (11.11%) APMP
1 1 (11.11%) BPSS Clearance
1 1 (11.11%) DBS Check
Quality Assurance & Compliance
1 5 (55.56%) PCI DSS
2 1 (11.11%) Disclosure Scotland
2 1 (11.11%) PMO
2 1 (11.11%) QA
Vendors
1 5 (55.56%) Oracle
2 1 (11.11%) Microsoft