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 29 March 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
29 Mar 2017
Same period 2016 Same period 2015
Rank 596 645 614
Rank change year-on-year +49 -31  
Contract jobs citing EFT 9 3 11
As % of all contract IT jobs advertised in the UK 0.020% 0.006% 0.021%
As % of the Miscellaneous category 0.062% 0.018% 0.068%
Number of daily rates quoted 0 1 5
Median daily rate - £358 £340
Median daily rate % change year-on-year - +5.14%  
UK excluding London median daily rate - £358 £365
% change year-on-year - -2.05%  
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 14438 16788 16177
As % of all contract IT job vacancies advertised in the UK 31.92% 31.19% 30.27%
Number of daily rates quoted 9334 10966 9753
Median daily rate £445 £425 £420
Median daily rate % change year-on-year +4.70% +1.19%  
90% offered a daily rate of more than £265 £260 £250
10% offered a daily rate of more than £625 £625 £600
UK excluding London median daily rate £395 £375 £375
% change year-on-year +5.33% -  
Number of hourly rates quoted 535 571 682
Median hourly rate £22.50 £22.54 £18.70
Median hourly rate % change year-on-year -0.17% +20.53%  
90% offered a hourly rate of more than £11.33 £12.50 £11.75
10% offered a hourly rate of more than £50.00 £50.50 £45.00
UK excluding London median hourly rate £19.50 £26.50 £18.50
% change year-on-year -26.41% +43.24%  

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

EFT
Top 9 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing EFT within the UK over the 3 months to 29 March 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 +54 8 - -
London +33 3 - -
South East +20 3 - -
Hertfordshire - 1 - -
Welwyn Garden City - 1 - -
Tyne and Wear - 1 - -
Sunderland - 1 - -
North East - 1 - -
East of England - 1 - -

For the 6 months to 29 March 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 10 (37.04%) E-Commerce
1 10 (37.04%) EFTPOS
1 10 (37.04%) Smartcard
1 10 (37.04%) Mobile Commerce
1 10 (37.04%) ISO 8583
1 10 (37.04%) VeriFone
1 10 (37.04%) FIS
2 9 (33.33%) Analytical Skills
2 9 (33.33%) Linux
3 8 (29.63%) BASE24
4 7 (25.93%) Unix
4 7 (25.93%) Windows
4 7 (25.93%) WorldPay
4 7 (25.93%) Ingenico
5 6 (22.22%) Use Case
6 5 (18.52%) Banking
6 5 (18.52%) Finance
6 5 (18.52%) SQL
6 5 (18.52%) FTP
6 5 (18.52%) Internet
6 5 (18.52%) Thales
7 4 (14.81%) Target Operating Model
7 4 (14.81%) Trend Analysis
7 4 (14.81%) Technical Analysis
7 4 (14.81%) Relational Database
7 4 (14.81%) QA
7 4 (14.81%) Product Management
7 4 (14.81%) EPoS
7 4 (14.81%) BPR
7 4 (14.81%) RDBMS

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:

Application Platforms
1 1 (3.70%) PowerExchange
Business Applications
1 8 (29.63%) BASE24
2 2 (7.41%) Postilion
3 1 (3.70%) Payment Gateway
3 1 (3.70%) VisionPLUS
Cloud Services
1 1 (3.70%) IaaS
1 1 (3.70%) PaaS
1 1 (3.70%) SaaS
1 1 (3.70%) Sage Pay
Communications & Networking
1 5 (18.52%) FTP
1 5 (18.52%) Internet
2 3 (11.11%) ATM
Database & Business Intelligence
1 4 (14.81%) NonStop SQL
1 4 (14.81%) RDBMS
1 4 (14.81%) Relational Database
2 1 (3.70%) PowerCenter
Development Applications
1 2 (7.41%) VersaTest
General
1 5 (18.52%) Banking
1 5 (18.52%) Finance
2 2 (7.41%) Financial Institution
2 2 (7.41%) Retail
Job Titles
1 5 (18.52%) Analyst
1 5 (18.52%) Service Desk Engineer
2 4 (14.81%) Business Analyst
2 4 (14.81%) Payments Analyst
2 4 (14.81%) Payments Business Analyst
2 4 (14.81%) Support Engineer
3 3 (11.11%) Applications Support
3 3 (11.11%) BASE24 Developer
3 3 (11.11%) Developer
4 2 (7.41%) Applications Engineer
4 2 (7.41%) Applications Support Engineer
4 2 (7.41%) Consultant
4 2 (7.41%) Customer Engineer
4 2 (7.41%) Customer Support Engineer
4 2 (7.41%) Implementation Consultant
4 2 (7.41%) Migration Engineer
4 2 (7.41%) Product Consultant
4 2 (7.41%) Service Desk Support
4 2 (7.41%) Team Leader
4 2 (7.41%) Test Manager
Libraries, Frameworks & Software Standards
1 2 (7.41%) Web Services
2 1 (3.70%) HTML
Miscellaneous
1 10 (37.04%) EFTPOS
1 10 (37.04%) Smartcard
2 9 (33.33%) Analytical Skills
3 4 (14.81%) EPoS
4 2 (7.41%) Mainframe
5 1 (3.70%) APACS
5 1 (3.70%) Chip and PIN
5 1 (3.70%) EMV
5 1 (3.70%) Mobile Payment
Operating Systems
1 9 (33.33%) Linux
2 7 (25.93%) Unix
2 7 (25.93%) Windows
3 2 (7.41%) Red Hat Enterprise Linux
Processes & Methodologies
1 10 (37.04%) E-Commerce
1 10 (37.04%) Mobile Commerce
2 6 (22.22%) Use Case
3 4 (14.81%) BPR
3 4 (14.81%) Business Analysis
3 4 (14.81%) Product Management
3 4 (14.81%) Security Management
3 4 (14.81%) Target Operating Model
3 4 (14.81%) Technical Analysis
3 4 (14.81%) Trend Analysis
4 3 (11.11%) Migration
5 2 (7.41%) BPMN
5 2 (7.41%) Incident Management
6 1 (3.70%) Customer Requirements
6 1 (3.70%) DevOps
6 1 (3.70%) Integration Testing
6 1 (3.70%) Open Source
6 1 (3.70%) Problem Management
6 1 (3.70%) Risk Analysis
6 1 (3.70%) User Acceptance Testing
Programming Languages
1 5 (18.52%) SQL
2 1 (3.70%) Java
2 1 (3.70%) PHP
Quality Assurance & Compliance
1 10 (37.04%) ISO 8583
2 4 (14.81%) QA
System Software
1 3 (11.11%) Active Directory
2 1 (3.70%) KVM
Vendors
1 10 (37.04%) FIS
1 10 (37.04%) VeriFone
2 7 (25.93%) Ingenico
2 7 (25.93%) WorldPay
3 5 (18.52%) Thales
4 4 (14.81%) HP
5 3 (11.11%) Red Hat
5 3 (11.11%) Wincor Nixdorf
6 2 (7.41%) Elavon
6 2 (7.41%) Fujitsu
6 2 (7.41%) IBM
6 2 (7.41%) Toshiba
7 1 (3.70%) Cubic Transportation
7 1 (3.70%) Hypercom
7 1 (3.70%) Informatica
7 1 (3.70%) PayPal
7 1 (3.70%) Sage
7 1 (3.70%) TSYS
7 1 (3.70%) VocaLink