The following table provides summary statistics for contract job vacancies with a requirement for Formula Language skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Formula Language over the 3 months to 28 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.

Lotus Formula Language
UK
3 months to
28 Jun 2017
Same period 2016 Same period 2015
Rank - 650 -
Contract jobs citing Formula Language 0 1 0
As % of all contract IT jobs advertised in the UK - 0.002% -
As % of the Programming Languages category - 0.005% -
Number of daily rates quoted 0 0 0
Median daily rate - - -
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Formula Language is in the programming language skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for programming language skills.

Contract Programming Language Skills
UK
Contract job vacancies with a requirement for programming language skills 19720 20910 21020
As % of all contract IT job vacancies advertised in the UK 41.86% 38.83% 38.11%
Number of daily rates quoted 26328 28996 26859
Median daily rate £450 £425 £400
Median daily rate % change year-on-year +5.88% +6.25%  
90% offered a daily rate of more than £310 £285 £263
10% offered a daily rate of more than £625 £600 £600
UK excluding London median daily rate £400 £375 £350
% change year-on-year +6.66% +7.14%  
Number of hourly rates quoted 797 908 915
Median hourly rate £42.00 £37.50 £37.00
Median hourly rate % change year-on-year +12.00% +1.35%  
90% offered a hourly rate of more than £19.82 £14.43 £18.27
10% offered a hourly rate of more than £53.00 £52.50 £51.82
UK excluding London median hourly rate £42.50 £37.00 £37.00
% change year-on-year +14.86% -  

Formula Language
Job Vacancy Trend

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

Job vacancy trend for Formula Language in the UK

Formula Language
Contractor Daily Rate Trend

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

Contractor daily rate trend for Formula Language in the UK

Formula Language
Contractor Hourly Rate Trend

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

Contractor hourly rate trend for Formula Language in the UK