Period
to 10 August 2020

The following table provides summary statistics for contract job vacancies with a requirement for IFRS skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited IFRS over the 6 months to 10 August 2020 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.

International Financial Reporting Standards (IFRS)
UK
6 months to
10 Aug 2020
Same period 2019 Same period 2018
Rank 505 755 789
Rank change year-on-year +250 +34 -47
Contract jobs citing IFRS 45 95 108
As % of all contract jobs advertised in the UK 0.13% 0.10% 0.10%
As % of the Quality Assurance & Compliance category 1.24% 1.01% 0.91%
Number of daily rates quoted 25 64 63
Median daily rate £475 £550 £550
Median daily rate % change year-on-year -13.64% - +15.79%
10th Percentile £350 £413 £378
90th Percentile £625 £768 £723
UK excluding London median daily rate £525 £550 £459
% change year-on-year -4.55% +19.89% +11.89%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

IFRS is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
UK
Contract vacancies with a requirement for quality assurance or compliance skills 3,638 9,426 11,818
As % of all contract IT jobs advertised in the UK 10.39% 10.28% 11.43%
Number of daily rates quoted 2,126 5,832 7,499
Median daily rate £458 £450 £450
Median daily rate % change year-on-year +1.67% - +0.56%
10th Percentile £256 £228 £250
90th Percentile £645 £638 £638
UK excluding London median daily rate £425 £425 £400
% change year-on-year - +6.25% +1.27%
Number of hourly rates quoted 187 425 384
Median hourly rate £26.50 £22.00 £23.25
Median hourly rate % change year-on-year +20.45% -5.38% +6.16%
10th Percentile £11.82 £10.92 £11.25
90th Percentile £50.85 £53.75 £52.50
Median hourly rate £22.55 £23.17 £22.00
% change year-on-year -2.70% +5.32% +10.00%

IFRS
Job Vacancy Trend

Job postings citing IFRS as a proportion of all IT jobs advertised.

Job vacancy trend for IFRS in the UK

IFRS
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing IFRS.

Daily rate trend for IFRS in the UK

IFRS
Daily Rate Histogram

Daily rate distribution for jobs citing IFRS over the 6 months to 10 August 2020.

Daily rate histogram for IFRS in the UK

IFRS
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing IFRS.

Hourly rate trend for IFRS in the UK

IFRS
Top 11 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing IFRS within the UK over the 6 months to 10 August 2020. 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 +248 39 £475 -13.64% 16
London +172 21 £400 -27.27% 14
UK excluding London +225 20 £525 -4.55% 3
South East +174 14 £500 -20.00%
Work from Home -7 9 £500 -28.57% 1
North of England +115 3 £525 -8.70% 2
North West +81 2 £525 -25.00% 1
South West +91 1 - -
Scotland +82 1 - - 1
Wales - 1 £700 -
North East - 1 - -

For the 6 months to 10 August 2020, IT contractor jobs citing IFRS also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads with a requirement for IFRS.

1 36 (80.00%) Finance
2 17 (37.78%) SAP
3 10 (22.22%) SQL
3 10 (22.22%) Banking
4 8 (17.78%) Data Modelling
4 8 (17.78%) Agile Software Development
5 7 (15.56%) ABAP
5 7 (15.56%) Stakeholder Management
5 7 (15.56%) IFRS 9
6 5 (11.11%) SAP S/4HANA
6 5 (11.11%) Solvency II
6 5 (11.11%) Validation
7 4 (8.89%) Microsoft Excel
7 4 (8.89%) Test Scripting
7 4 (8.89%) SAP HANA
7 4 (8.89%) Data Governance
7 4 (8.89%) Analytics
8 3 (6.67%) Credit Risk Modelling
8 3 (6.67%) Reinsurance
8 3 (6.67%) QlikView
8 3 (6.67%) Credit Risk
8 3 (6.67%) Technical Architecture
8 3 (6.67%) Degree
8 3 (6.67%) User Acceptance Testing
8 3 (6.67%) General Ledger
8 3 (6.67%) Data Analysis
8 3 (6.67%) XML
8 3 (6.67%) Business Intelligence
8 3 (6.67%) SAS
8 3 (6.67%) GAAP

IFRS
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 3 (6.67%) SAS
2 1 (2.22%) Apache Spark
2 1 (2.22%) Confluence
Applications
1 4 (8.89%) Microsoft Excel
2 1 (2.22%) Microsoft Office
2 1 (2.22%) Microsoft PowerPoint
2 1 (2.22%) MS Visio
Business Applications
1 5 (11.11%) SAP S/4HANA
2 2 (4.44%) SAP CO
2 2 (4.44%) SAP FI
2 2 (4.44%) SAP FI/CO
3 1 (2.22%) Dynamics NAV
3 1 (2.22%) Loan IQ
3 1 (2.22%) Misys Opics
3 1 (2.22%) NetSuite
3 1 (2.22%) Oracle ERP
3 1 (2.22%) Oracle Financials
3 1 (2.22%) SAP Oil and Gas
Cloud Services
1 1 (2.22%) AWS
1 1 (2.22%) Office 365
1 1 (2.22%) SaaS
1 1 (2.22%) SuccessFactors
Database & Business Intelligence
1 4 (8.89%) SAP HANA
2 3 (6.67%) QlikView
3 2 (4.44%) Crystal Reports
3 2 (4.44%) Data Mining
3 2 (4.44%) Relational Database
3 2 (4.44%) SAP BW
3 2 (4.44%) SQL Server
4 1 (2.22%) Apache Hive
4 1 (2.22%) Big Data
4 1 (2.22%) Data Lake
4 1 (2.22%) Data Warehouse
4 1 (2.22%) Hadoop
4 1 (2.22%) MS Access
4 1 (2.22%) Snowflake Schema
4 1 (2.22%) Spark SQL
Development Applications
1 1 (2.22%) Git (software)
1 1 (2.22%) Gradle
1 1 (2.22%) IBM UrbanCode
1 1 (2.22%) Jenkins
1 1 (2.22%) JIRA
1 1 (2.22%) Maven
1 1 (2.22%) Sonatype Nexus
1 1 (2.22%) Toad
General
1 36 (80.00%) Finance
2 10 (22.22%) Banking
3 3 (6.67%) General Ledger
4 1 (2.22%) Dutch Language
4 1 (2.22%) French Language
4 1 (2.22%) Front Office
4 1 (2.22%) Investment Banking
4 1 (2.22%) Legal
4 1 (2.22%) Public Sector
4 1 (2.22%) Retail
4 1 (2.22%) Telecoms
Job Titles
1 12 (26.67%) Consultant
2 10 (22.22%) SAP Consultant
3 9 (20.00%) Analyst
4 7 (15.56%) Business Analyst
5 5 (11.11%) Architect
5 5 (11.11%) SAP Technical Consultant
5 5 (11.11%) Technical Consultant
6 3 (6.67%) Data Analyst
6 3 (6.67%) Data Architect
6 3 (6.67%) Finance Manager
6 3 (6.67%) Lead Architect
6 3 (6.67%) Project Manager
6 3 (6.67%) Senior Manager
6 3 (6.67%) Test Manager
7 2 (4.44%) Developer
7 2 (4.44%) Functional Consultant
7 2 (4.44%) Lead Data Architect
7 2 (4.44%) SAP Analyst
7 2 (4.44%) SAP Business Analyst
7 2 (4.44%) SAP Functional Consultant
Libraries, Frameworks & Software Standards
1 3 (6.67%) XML
Miscellaneous
1 3 (6.67%) Credit Risk
1 3 (6.67%) Reinsurance
2 2 (4.44%) Analytical Skills
2 2 (4.44%) Greenfield Project
2 2 (4.44%) Self-Motivation
3 1 (2.22%) Derivative
3 1 (2.22%) FMCG
3 1 (2.22%) Management Information System
3 1 (2.22%) Virtual Team
Operating Systems
1 1 (2.22%) Linux
Processes & Methodologies
1 8 (17.78%) Agile Software Development
1 8 (17.78%) Data Modelling
2 7 (15.56%) Stakeholder Management
3 5 (11.11%) Validation
4 4 (8.89%) Analytics
4 4 (8.89%) Data Governance
4 4 (8.89%) Test Scripting
5 3 (6.67%) Business Intelligence
5 3 (6.67%) Credit Risk Modelling
5 3 (6.67%) Data Analysis
5 3 (6.67%) Risk Management
5 3 (6.67%) Technical Architecture
5 3 (6.67%) User Acceptance Testing
6 2 (4.44%) Business Continuity
6 2 (4.44%) Change Management
6 2 (4.44%) ERP
6 2 (4.44%) ETL
6 2 (4.44%) Project Management
6 2 (4.44%) Regression Testing
6 2 (4.44%) System Testing
Programming Languages
1 10 (22.22%) SQL
2 7 (15.56%) ABAP
3 1 (2.22%) C
3 1 (2.22%) Elm
3 1 (2.22%) Haskell
3 1 (2.22%) Scala
3 1 (2.22%) VBA
Qualifications
1 3 (6.67%) Degree
2 2 (4.44%) ACCA
2 2 (4.44%) CIMA
2 2 (4.44%) Security Cleared
3 1 (2.22%) BPSS Clearance
3 1 (2.22%) DBS Check
3 1 (2.22%) PMI Certification
3 1 (2.22%) PMP
3 1 (2.22%) SC Cleared
Quality Assurance & Compliance
1 7 (15.56%) IFRS 9
2 5 (11.11%) Solvency II
3 3 (6.67%) GAAP
4 2 (4.44%) GDPR
4 2 (4.44%) QA
4 2 (4.44%) Sarbanes-Oxley
5 1 (2.22%) CRD IV
5 1 (2.22%) Data Quality
5 1 (2.22%) Disclosure Scotland
5 1 (2.22%) SLA
Vendors
1 17 (37.78%) SAP
2 2 (4.44%) Oracle
3 1 (2.22%) Ab Initio
3 1 (2.22%) Ariba
3 1 (2.22%) Concur
3 1 (2.22%) Hyperion
3 1 (2.22%) Infor
3 1 (2.22%) Informatica
3 1 (2.22%) Microsoft
3 1 (2.22%) Murex
3 1 (2.22%) Sage