The table below provides summary statistics for contract job vacancies with a requirement for knowledge and experience of Cadence products and/or services. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Cadence over the 3 months to 27 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.

The figures below represent the IT contractor job market in general and are not representative of contractor rates within Cadence Design Systems.

Cadence
UK
3 months to
27 Jun 2017
Same period 2016 Same period 2015
Rank 597 643 631
Rank change year-on-year +46 -12  
Contract jobs citing Cadence 13 11 11
As % of all contract IT jobs advertised in the UK 0.028% 0.020% 0.020%
As % of the Vendors category 0.063% 0.045% 0.045%
Number of daily rates quoted 6 6 8
Median daily rate £400 £358 £450
Median daily rate % change year-on-year +11.88% -20.55%  
90% offered a daily rate of more than £320 £290 £361
10% offered a daily rate of more than £575 £575 £473
UK excluding London median daily rate £345 £350 £450
% change year-on-year -1.42% -22.22%  
Number of hourly rates quoted 2 0 1
Median hourly rate £33.63 - £24.23
UK excluding London median hourly rate £42.50 - -

Cadence is in the vendor products and services category. The following table is for comparison with the above and provides summary statistics for all vendor product and service related skills in contract job vacancies.

Contract Vendor Product & Service Skills
UK
Contract job vacancies with a requirement for skills associated with vendor products and/or services 20658 24248 24553
As % of all contract IT job vacancies advertised in the UK 43.84% 44.91% 44.51%
Number of daily rates quoted 12524 14933 14366
Median daily rate £425 £400 £390
Median daily rate % change year-on-year +6.25% +2.56%  
90% offered a daily rate of more than £250 £250 £225
10% offered a daily rate of more than £588 £572 £550
UK excluding London median daily rate £400 £375 £363
% change year-on-year +6.66% +3.44%  
Number of hourly rates quoted 715 832 1088
Median hourly rate £19.00 £20.45 £19.00
Median hourly rate % change year-on-year -7.06% +7.60%  
90% offered a hourly rate of more than £11.25 £11.50 £11.17
10% offered a hourly rate of more than £50.00 £42.50 £42.50
UK excluding London median hourly rate £17.50 £20.92 £18.50
% change year-on-year -16.32% +13.05%  

Cadence
Job Vacancy Trend

The job posting trend of jobs advertised citing Cadence as a proportion of all contract or permanent IT jobs with a match in the Vendors category.

Job vacancy trend for Cadence in the UK

Cadence
Contractor Daily Rate Trend

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

Contractor daily rate trend for Cadence in the UK

Cadence
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Cadence over the 3 months to 27 June 2017.

Contractor daily rate histogram for Cadence in the UK

Cadence
Contractor Hourly Rate Trend

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Cadence.

Contractor hourly rate trend for Cadence in the UK

Cadence
Contractor Hourly Rate Histogram

The hourly rate distribution of IT jobs citing Cadence over the 3 months to 27 June 2017.

Contractor hourly rate histogram for Cadence in the UK

Cadence
Top 11 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Cadence within the UK over the 3 months to 27 June 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +24 12 £400 +14.28% 13
London +8 7 £550 -26.66% 8
Newcastle upon Tyne +74 3 £340 -4.89%
Tyne and Wear +74 3 £340 -4.89%
North East +73 3 £340 -4.89%
City of London - 3 £650 - 2
South East - 2 £500 - 5
Croydon - 1 £450 -
Weybridge - 1 - -
Surrey - 1 - -
Berkshire - 1 £500 -

For the 6 months to 27 June 2017, IT contractor jobs citing Cadence also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for Cadence.

1 10 (43.48%) Agile Software Development
2 5 (21.74%) Project Management
2 5 (21.74%) Microsoft Project
2 5 (21.74%) Finance
2 5 (21.74%) Migration
2 5 (21.74%) Security Cleared
2 5 (21.74%) User Stories
3 4 (17.39%) PMO
3 4 (17.39%) SC Cleared
3 4 (17.39%) Software Engineering
3 4 (17.39%) Change Management
3 4 (17.39%) Programme Management
3 4 (17.39%) PMI Certification
4 3 (13.04%) Foreign Exchange (FX)
4 3 (13.04%) Java
4 3 (13.04%) Oracle
4 3 (13.04%) JUnit
4 3 (13.04%) TDD
4 3 (13.04%) Risk Management
4 3 (13.04%) Electronics
4 3 (13.04%) Continuous Integration
4 3 (13.04%) Open Source
4 3 (13.04%) Hadoop
4 3 (13.04%) REST
4 3 (13.04%) Big Data
4 3 (13.04%) Kafka
4 3 (13.04%) Continuous Deployment
4 3 (13.04%) DevOps
4 3 (13.04%) People Management
4 3 (13.04%) Apache Spark

Cadence
Co-occurring IT Skills 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 3 (13.04%) Apache Spark
2 1 (4.35%) Confluence
Applications
1 5 (21.74%) Microsoft Project
2 2 (8.70%) Microsoft Excel
2 2 (8.70%) Microsoft Office
3 1 (4.35%) Microsoft PowerPoint
3 1 (4.35%) OrCAD
Business Applications
1 1 (4.35%) SAP Oil and Gas
Cloud Services
1 1 (4.35%) Office 365
Communications & Networking
1 1 (4.35%) WAN
Database & Business Intelligence
1 3 (13.04%) Big Data
1 3 (13.04%) Hadoop
2 2 (8.70%) Apache Hive
2 2 (8.70%) Data Warehouse
Development Applications
1 3 (13.04%) JUnit
2 2 (8.70%) JIRA
General
1 5 (21.74%) Finance
2 3 (13.04%) Electronics
3 2 (8.70%) Marketing
4 1 (4.35%) Back Office
4 1 (4.35%) Banking
4 1 (4.35%) Financial Institution
4 1 (4.35%) Manufacturing
4 1 (4.35%) Publishing
4 1 (4.35%) Retail
4 1 (4.35%) Telecoms
Job Titles
1 6 (26.09%) Analyst
2 5 (21.74%) Business Analyst
2 5 (21.74%) Project Manager
3 4 (17.39%) Agile Business Analyst
4 3 (13.04%) Developer
5 2 (8.70%) Design Engineer
5 2 (8.70%) Digital Analyst
5 2 (8.70%) Digital Business Analyst
5 2 (8.70%) Electronics Engineer
5 2 (8.70%) Hadoop Developer
5 2 (8.70%) IT Manager
5 2 (8.70%) IT Project Manager
5 2 (8.70%) PMO Lead
5 2 (8.70%) Project Planner
5 2 (8.70%) SC Cleared Project Manager
6 1 (4.35%) Asset Management Analyst
6 1 (4.35%) Asset Management Business Analyst
6 1 (4.35%) Big Data Developer
6 1 (4.35%) HR Manager
6 1 (4.35%) PMO Support Analyst
Libraries, Frameworks & Software Standards
1 3 (13.04%) Kafka
1 3 (13.04%) REST
Miscellaneous
1 3 (13.04%) Foreign Exchange (FX)
2 2 (8.70%) Management Information System
2 2 (8.70%) PMI
3 1 (4.35%) Analytical Skills
3 1 (4.35%) AS400
3 1 (4.35%) Data Centre
3 1 (4.35%) Data Structures
3 1 (4.35%) Equities
3 1 (4.35%) Field-Programmable Gate Array
3 1 (4.35%) Fixed Income
3 1 (4.35%) iSeries
3 1 (4.35%) Social Media
Operating Systems
1 1 (4.35%) Linux
Processes & Methodologies
1 10 (43.48%) Agile Software Development
2 5 (21.74%) Migration
2 5 (21.74%) Project Management
2 5 (21.74%) User Stories
3 4 (17.39%) Change Management
3 4 (17.39%) Programme Management
3 4 (17.39%) Software Engineering
4 3 (13.04%) Continuous Deployment
4 3 (13.04%) Continuous Integration
4 3 (13.04%) DevOps
4 3 (13.04%) Open Source
4 3 (13.04%) People Management
4 3 (13.04%) Risk Management
4 3 (13.04%) TDD
5 2 (8.70%) Analytics
5 2 (8.70%) Contingency Planning
5 2 (8.70%) Earned Value Management
5 2 (8.70%) Performance Attribution
5 2 (8.70%) SDLC
5 2 (8.70%) Work Breakdown Structure
Programming Languages
1 3 (13.04%) Java
2 1 (4.35%) Assembly Language
2 1 (4.35%) C
2 1 (4.35%) Embedded C
2 1 (4.35%) SQL
Qualifications
1 5 (21.74%) Security Cleared
2 4 (17.39%) PMI Certification
2 4 (17.39%) SC Cleared
3 2 (8.70%) PMP
4 1 (4.35%) Degree
Quality Assurance & Compliance
1 4 (17.39%) PMO
2 2 (8.70%) MiFID
3 1 (4.35%) QA
System Software
1 2 (8.70%) HDFS
2 1 (4.35%) Virtual Servers
Vendors
1 3 (13.04%) Oracle
2 1 (4.35%) Avaya
2 1 (4.35%) Cisco
2 1 (4.35%) Citrix
2 1 (4.35%) Microsoft
2 1 (4.35%) SAP
2 1 (4.35%) ServiceNow
2 1 (4.35%) StatPro
2 1 (4.35%) Workday