The table below looks at the prevalence of the term EFT in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited EFT over the 3 months to 24 June 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.

Electronic Funds Transfer (EFT)
UK
3 months to
24 Jun 2017
Same period 2016 Same period 2015
Rank - 632 635
Contract jobs citing EFT 0 12 11
As % of all contract IT jobs advertised in the UK - 0.022% 0.020%
As % of the Miscellaneous category - 0.067% 0.062%
Number of daily rates quoted 0 4 6
Median daily rate - £269 £413
Median daily rate % change year-on-year - -34.84%  
UK excluding London median daily rate - £269 £425
% change year-on-year - -36.76%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

EFT is in the generic IT skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for generic IT skills.

Generic IT Skills
UK
Contract job vacancies with a requirement for generic IT skills 15350 17924 17751
As % of all contract IT job vacancies advertised in the UK 33.18% 33.33% 31.64%
Number of daily rates quoted 9976 11744 11107
Median daily rate £450 £425 £420
Median daily rate % change year-on-year +5.88% +1.19%  
90% offered a daily rate of more than £275 £260 £250
10% offered a daily rate of more than £625 £600 £600
UK excluding London median daily rate £400 £390 £375
% change year-on-year +2.56% +4.00%  
Number of hourly rates quoted 485 588 660
Median hourly rate £22.50 £22.25 £19.00
Median hourly rate % change year-on-year +1.12% +17.10%  
90% offered a hourly rate of more than £12.27 £12.50 £12.24
10% offered a hourly rate of more than £50.00 £47.39 £47.03
UK excluding London median hourly rate £25.00 £22.50 £18.69
% change year-on-year +11.11% +20.38%  

EFT
Job Vacancy Trend

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

Job vacancy trend for EFT in the UK

EFT
Contractor Daily Rate Trend

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

Contractor daily rate trend for EFT in the UK

EFT
Contractor Hourly Rate Trend

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

Contractor hourly rate trend for EFT in the UK

For the 6 months to 24 June 2017, IT contractor jobs citing EFT 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 EFT.

1 7 (77.78%) E-Commerce
1 7 (77.78%) EFTPOS
1 7 (77.78%) Smartcard
1 7 (77.78%) Mobile Commerce
1 7 (77.78%) ISO 8583
1 7 (77.78%) VeriFone
1 7 (77.78%) FIS
2 6 (66.67%) WorldPay
2 6 (66.67%) Ingenico
3 2 (22.22%) EPoS
3 2 (22.22%) BASE24
3 2 (22.22%) Greenfield Project
3 2 (22.22%) Elavon
3 2 (22.22%) Use Case
3 2 (22.22%) BPMN
3 2 (22.22%) Wincor Nixdorf
4 1 (11.11%) Fujitsu
4 1 (11.11%) Sage Pay
4 1 (11.11%) Payment Gateway
4 1 (11.11%) Thales
4 1 (11.11%) Hypercom
4 1 (11.11%) Cubic Transportation
4 1 (11.11%) Red Hat Enterprise Linux
4 1 (11.11%) VocaLink
4 1 (11.11%) TSYS
4 1 (11.11%) Mobile Payment
4 1 (11.11%) Analytical Skills
4 1 (11.11%) Digital Transformation Programme
4 1 (11.11%) Customer Requirements
4 1 (11.11%) Postilion

EFT
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 2 (22.22%) BASE24
2 1 (11.11%) Payment Gateway
2 1 (11.11%) Postilion
Cloud Services
1 1 (11.11%) Sage Pay
Communications & Networking
1 1 (11.11%) ATM
General
1 1 (11.11%) Banking
1 1 (11.11%) Finance
1 1 (11.11%) Retail
Job Titles
1 3 (33.33%) Analyst
1 3 (33.33%) Business Analyst
1 3 (33.33%) Payments Analyst
1 3 (33.33%) Payments Business Analyst
2 2 (22.22%) Payments Test Manager
2 2 (22.22%) Test Manager
3 1 (11.11%) Consultant
3 1 (11.11%) Customer Engineer
3 1 (11.11%) Customer Support Engineer
3 1 (11.11%) Functional Analyst
3 1 (11.11%) Implementation Consultant
3 1 (11.11%) Migration Engineer
3 1 (11.11%) Payments Consultant
3 1 (11.11%) Product Consultant
3 1 (11.11%) Support Engineer
3 1 (11.11%) Team Leader
3 1 (11.11%) Test Leader
Libraries, Frameworks & Software Standards
1 1 (11.11%) HTML
1 1 (11.11%) Web Services
Miscellaneous
1 7 (77.78%) EFTPOS
1 7 (77.78%) Smartcard
2 2 (22.22%) EPoS
2 2 (22.22%) Greenfield Project
3 1 (11.11%) Analytical Skills
3 1 (11.11%) APACS
3 1 (11.11%) Chip and PIN
3 1 (11.11%) EMV
3 1 (11.11%) Mainframe
3 1 (11.11%) Mobile Payment
Operating Systems
1 1 (11.11%) Linux
1 1 (11.11%) Red Hat Enterprise Linux
Processes & Methodologies
1 7 (77.78%) E-Commerce
1 7 (77.78%) Mobile Commerce
2 2 (22.22%) BPMN
2 2 (22.22%) Use Case
3 1 (11.11%) Customer Requirements
3 1 (11.11%) Digital Transformation Programme
3 1 (11.11%) GAP Analysis
3 1 (11.11%) Migration
Programming Languages
1 1 (11.11%) Java
1 1 (11.11%) PHP
Quality Assurance & Compliance
1 7 (77.78%) ISO 8583
Vendors
1 7 (77.78%) FIS
1 7 (77.78%) VeriFone
2 6 (66.67%) Ingenico
2 6 (66.67%) WorldPay
3 2 (22.22%) Elavon
3 2 (22.22%) Wincor Nixdorf
4 1 (11.11%) Cubic Transportation
4 1 (11.11%) Fujitsu
4 1 (11.11%) Hypercom
4 1 (11.11%) IBM
4 1 (11.11%) Red Hat
4 1 (11.11%) Sage
4 1 (11.11%) Thales
4 1 (11.11%) Toshiba
4 1 (11.11%) TSYS
4 1 (11.11%) VocaLink