Period
to 23 November 2017

The table below looks at the prevalence of the term Contract for Difference in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Contract for Difference over the 6 months to 23 November 2017 with a comparison to the same period over 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.

Contract for Difference (CFD)
UK
6 months to
23 Nov 2017
Same period 2016 Same period 2015
Rank 886 887 864
Rank change year-on-year +1 -23 +24
Contract jobs citing Contract for Difference 1 4 31
As % of all contract IT jobs advertised in the UK 0.001% 0.004% 0.027%
As % of the Miscellaneous category 0.003% 0.011% 0.084%
Number of daily rates quoted 0 4 29
UK median daily rate - £575 £550
Median daily rate % change year-on-year - +4.55% +46.67%
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

Contract for Difference is in the Generic IT Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for generic IT skills.

All Generic IT Skills
UK
Contract vacancies with a requirement for generic IT skills 34725 34822 36974
As % of all contract IT jobs advertised in the UK 33.68% 33.08% 32.53%
Number of daily rates quoted 23034 22825 23509
UK median daily rate £450 £425 £420
Median daily rate % change year-on-year +5.88% +1.19% +5.00%
10th Percentile £263 £250 £240
90th Percentile £650 £625 £615
UK excluding London median daily rate £400 £390 £375
% change year-on-year +2.56% +4.00% +7.14%
Number of hourly rates quoted 1022 1194 1462
UK median hourly rate £20.97 £20.50 £19.50
Median hourly rate % change year-on-year +2.28% +5.13% +8.33%
10th Percentile £11.25 £11.72 £11.25
90th Percentile £48.75 £47.50 £47.24
UK excluding London median hourly rate £20.00 £21.00 £19.00
% change year-on-year -4.76% +10.53% +8.57%

Contract for Difference
Job Vacancy Trend

Job postings citing Contract for Difference as a percentage of all IT jobs advertised.

Job vacancy trend for Contract for Difference in the UK

Contract for Difference
Contractor Daily Rate Trend

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

Contractor daily rate trend for Contract for Difference in the UK

Contract for Difference
Contractor Hourly Rate Trend

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

Contractor hourly rate trend for Contract for Difference in the UK

Contract for Difference
Top 2 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Contract for Difference within the UK over the 6 months to 23 November 2017. 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
England +13 1 - - 5
London -19 1 - - 5

For the 6 months to 23 November 2017, IT contractor jobs citing Contract for Difference 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 Contract for Difference.

1 1 (100.00%) XML
1 1 (100.00%) Foreign Exchange (FX)
1 1 (100.00%) Regression Testing
1 1 (100.00%) Fixed Income
1 1 (100.00%) Equities
1 1 (100.00%) Banking
1 1 (100.00%) ActiveMQ
1 1 (100.00%) Investment Banking
1 1 (100.00%) JIRA
1 1 (100.00%) thinkFolio
1 1 (100.00%) User Acceptance Testing
1 1 (100.00%) Integration Testing
1 1 (100.00%) System Testing
1 1 (100.00%) HP Quality Center
1 1 (100.00%) Functional Testing
1 1 (100.00%) Zephyr
1 1 (100.00%) System Integration Testing
1 1 (100.00%) Exploratory Testing
1 1 (100.00%) Smoke Testing

Contract for Difference
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:

Business Applications
1 1 (100.00%) thinkFolio
Development Applications
1 1 (100.00%) JIRA
1 1 (100.00%) Zephyr
General
1 1 (100.00%) Banking
1 1 (100.00%) Investment Banking
Job Titles
1 1 (100.00%) Analyst
1 1 (100.00%) Banking Analyst
1 1 (100.00%) Senior Analyst
1 1 (100.00%) Senior Test Analyst
1 1 (100.00%) Test Analyst
Libraries, Frameworks & Software Standards
1 1 (100.00%) ActiveMQ
1 1 (100.00%) XML
Miscellaneous
1 1 (100.00%) Equities
1 1 (100.00%) Fixed Income
1 1 (100.00%) Foreign Exchange (FX)
Processes & Methodologies
1 1 (100.00%) Exploratory Testing
1 1 (100.00%) Functional Testing
1 1 (100.00%) Integration Testing
1 1 (100.00%) Regression Testing
1 1 (100.00%) Smoke Testing
1 1 (100.00%) System Integration Testing
1 1 (100.00%) System Testing
1 1 (100.00%) User Acceptance Testing
Systems Management
1 1 (100.00%) HP Quality Center