Period
to 24 November 2017

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 6 months to 24 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.

Electronic Funds Transfer (EFT)
UK
6 months to
24 Nov 2017
Same period 2016 Same period 2015
Rank 891 858 863
Rank change year-on-year -33 +5 -11
Contract jobs citing EFT 5 28 31
As % of all contract IT jobs advertised in the UK 0.005% 0.027% 0.027%
As % of the Miscellaneous category 0.014% 0.081% 0.083%
Number of daily rates quoted 1 13 19
UK median daily rate £600 £150 £400
Median daily rate % change year-on-year +300.00% -62.50% -14.71%
UK excluding London median daily rate - £150 £425
% change year-on-year - -64.71% -8.21%
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

EFT 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 34732 34740 37265
As % of all contract IT jobs advertised in the UK 33.70% 33.09% 32.54%
Number of daily rates quoted 23048 22773 23696
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 1020 1200 1471
UK median hourly rate £20.63 £20.50 £19.50
Median hourly rate % change year-on-year +0.62% +5.13% +8.33%
10th Percentile £11.25 £11.72 £11.25
90th Percentile £48.75 £47.50 £47.25
UK excluding London median hourly rate £20.00 £21.00 £19.00
% change year-on-year -4.76% +10.53% +8.57%

EFT
Job Vacancy Trend

Job postings citing EFT as a percentage of all IT jobs advertised.

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 2 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 6 months to 24 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
London -11 4 £600 -
England -29 4 £600 +300.00%

For the 6 months to 24 November 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 2 (40.00%) Retail
1 2 (40.00%) Java
1 2 (40.00%) Front Office
2 1 (20.00%) CISM
2 1 (20.00%) Firewall
2 1 (20.00%) Management Information System
2 1 (20.00%) C#
2 1 (20.00%) Telecoms
2 1 (20.00%) Finance
2 1 (20.00%) GIAC
2 1 (20.00%) Fixed Income
2 1 (20.00%) BASE24
2 1 (20.00%) ISO 8583
2 1 (20.00%) Equities
2 1 (20.00%) Information Security
2 1 (20.00%) Tandem
2 1 (20.00%) Agile Software Development
2 1 (20.00%) Banking
2 1 (20.00%) SAP
2 1 (20.00%) Unix
2 1 (20.00%) Linux
2 1 (20.00%) Python
2 1 (20.00%) Cisco
2 1 (20.00%) CISSP
2 1 (20.00%) Foreign Exchange (FX)
2 1 (20.00%) EMV
2 1 (20.00%) EFTPOS
2 1 (20.00%) CheckPoint
2 1 (20.00%) Smartcard
2 1 (20.00%) McAfee

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 (20.00%) Skype for Business
Business Applications
1 1 (20.00%) BASE24
1 1 (20.00%) Postilion
1 1 (20.00%) VisionPLUS
Cloud Services
1 1 (20.00%) Amazon AWS
1 1 (20.00%) Microsoft Azure
Communications & Networking
1 1 (20.00%) Firewall
1 1 (20.00%) NFC
Database & Business Intelligence
1 1 (20.00%) NonStop SQL
1 1 (20.00%) Pentaho
General
1 2 (40.00%) Front Office
1 2 (40.00%) Retail
2 1 (20.00%) Banking
2 1 (20.00%) Finance
2 1 (20.00%) Telecoms
Job Titles
1 2 (40.00%) Developer
2 1 (20.00%) Analyst
2 1 (20.00%) Architect
2 1 (20.00%) BASE24 Developer
2 1 (20.00%) Java Developer
2 1 (20.00%) Linux Developer
2 1 (20.00%) Payments Architect
2 1 (20.00%) Payments Solutions Architect
2 1 (20.00%) Qualitative Analyst
2 1 (20.00%) Quantitative Analyst
2 1 (20.00%) Software Developer
2 1 (20.00%) Solutions Architect
Miscellaneous
1 1 (20.00%) Contactless
1 1 (20.00%) Derivative
1 1 (20.00%) EFTPOS
1 1 (20.00%) EMV
1 1 (20.00%) Equities
1 1 (20.00%) Fixed Income
1 1 (20.00%) Foreign Exchange (FX)
1 1 (20.00%) Management Information System
1 1 (20.00%) Security Operations Centre
1 1 (20.00%) Smartcard
1 1 (20.00%) Tandem
1 1 (20.00%) Virtual Team
Operating Systems
1 1 (20.00%) Linux
1 1 (20.00%) Unix
Processes & Methodologies
1 1 (20.00%) Agile Software Development
1 1 (20.00%) Algorithmic Trading
1 1 (20.00%) Collaborative Working
1 1 (20.00%) Cybersecurity
1 1 (20.00%) Electronic Trading
1 1 (20.00%) Identity Access Management
1 1 (20.00%) Information Assurance
1 1 (20.00%) Information Security
1 1 (20.00%) Low Latency
1 1 (20.00%) Multi-Factor Authentication
1 1 (20.00%) Multithreaded Programming
1 1 (20.00%) Multithreading
1 1 (20.00%) Performance Optimisation
1 1 (20.00%) Project Management
1 1 (20.00%) Security Operations
1 1 (20.00%) SIEM
Programming Languages
1 2 (40.00%) Java
2 1 (20.00%) C#
2 1 (20.00%) Python
Qualifications
1 1 (20.00%) CISM
1 1 (20.00%) CISSP
1 1 (20.00%) Degree
1 1 (20.00%) GIAC
Quality Assurance & Compliance
1 1 (20.00%) GDPR
1 1 (20.00%) ISO 8583
1 1 (20.00%) ISO/IEC 27001
1 1 (20.00%) NIST 800
Systems Management
1 1 (20.00%) McAfee ePO
Vendors
1 1 (20.00%) Blue Coat
1 1 (20.00%) CheckPoint
1 1 (20.00%) Cisco
1 1 (20.00%) CyberArk
1 1 (20.00%) Lumension
1 1 (20.00%) McAfee
1 1 (20.00%) Meridio
1 1 (20.00%) Palo Alto
1 1 (20.00%) SAP
1 1 (20.00%) Thycotic
1 1 (20.00%) Varonis
1 1 (20.00%) WorldPay