Product Lead Contracts

Product Leader
UK

The median Product Leader daily rate in the UK is £625 according to job vacancies posted during the 6 months to 30 April 2024.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.

6 months to
30 Apr 2024
Same period 2023 Same period 2022
Rank 567 659 817
Rank change year-on-year +92 +158 -140
Contract jobs requiring a Product Lead 15 59 39
As % of all contract jobs advertised in the UK 0.034% 0.099% 0.044%
As % of the Job Titles category 0.037% 0.10% 0.046%
Number of daily rates quoted 11 46 26
10th Percentile £400 £412 £402
25th Percentile £425 £513 £408
Median daily rate (50th Percentile) £625 £575 £420
Median % change year-on-year +8.70% +36.90% -6.15%
75th Percentile £630 £600 £497
90th Percentile £638 £688 £656
UK excluding London median daily rate £625 £418 £415
% change year-on-year +49.70% +0.60% -
Number of hourly rates quoted 0 0 10
10th Percentile - - £53.65
25th Percentile - - -
Median hourly rate - - £56.00
75th Percentile - - -
90th Percentile - - £56.05
UK excluding London median hourly rate - - £56.00
% change year-on-year - - +12.00%

All Contract IT Job Vacancies
UK

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.

Contract vacancies in the UK with a recognized job title 40,410 56,464 84,709
% of contract IT jobs with a recognized job title 92.77% 94.61% 95.47%
Number of daily rates quoted 26,305 39,470 59,485
10th Percentile £275 £313 £313
25th Percentile £410 £425 £425
Median daily rate (50th Percentile) £525 £540 £525
Median % change year-on-year -2.78% +2.86% +10.53%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £735
UK excluding London median daily rate £492 £500 £475
% change year-on-year -1.70% +5.26% +11.76%
Number of hourly rates quoted 2,664 1,570 2,099
10th Percentile £12.86 £14.29 £12.50
25th Percentile £16.30 £19.50 £15.50
Median hourly rate £36.42 £45.00 £23.50
Median % change year-on-year -19.07% +91.49% +3.14%
75th Percentile £60.75 £65.75 £48.88
90th Percentile £72.50 £75.75 £63.32
UK excluding London median hourly rate £39.55 £42.50 £19.50
% change year-on-year -6.94% +117.95% +2.63%

Product Lead
Job Vacancy Trend

Job postings that featured Product Lead in the job title as a proportion of all IT jobs advertised.

Job vacancy trend for Product Lead in the UK

Product Lead
Contractor Daily Rate Trend

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

Daily rate trend for Product Lead in the UK

Product Lead
Daily Rate Histogram

Daily rate distribution for jobs citing Product Lead over the 6 months to 30 April 2024.

Daily rate histogram for Product Lead in the UK

Product Lead
Contractor Hourly Rate Trend

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

Hourly rate trend for Product Lead in the UK

Product Lead
Top 7 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Product Lead within the UK over the 6 months to 30 April 2024. 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
Jobs
England +81 14 £625 +4.17% 16
London +71 8 £540 -10.00% 8
UK excluding London +47 5 £625 +49.70% 7
North of England - 4 £450 - 2
Yorkshire - 4 £450 -
Work from Home +110 1 - - 10
South East +12 1 £800 +41.59% 3

Product Lead Skill Set
Top 30 Co-occurring Skills and Capabilities

For the 6 months to 30 April 2024, Product Lead contract job roles required the following skills and capabilities in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads featuring Product Lead in the job title.

1 6 (40.00%) Product Ownership
1 6 (40.00%) Degree
2 5 (33.33%) Social Skills
3 4 (26.67%) Conversational UI
3 4 (26.67%) Machine Learning
3 4 (26.67%) Chatbot
3 4 (26.67%) Data Science
3 4 (26.67%) Natural Language Processing
3 4 (26.67%) Project Management
3 4 (26.67%) Artificial Intelligence
3 4 (26.67%) Customer Experience
4 3 (20.00%) Agile
4 3 (20.00%) Product Management
4 3 (20.00%) Strategic Planning
4 3 (20.00%) Marketing
4 3 (20.00%) Problem-Solving
4 3 (20.00%) Business Development
5 2 (13.33%) Product Strategy
5 2 (13.33%) SC Cleared
5 2 (13.33%) Security Cleared
5 2 (13.33%) Azure
5 2 (13.33%) Legacy Systems
5 2 (13.33%) Roadmaps
6 1 (6.67%) Azure Certification
6 1 (6.67%) Cost Centre Accounting
6 1 (6.67%) Profit Centre Accounting
6 1 (6.67%) Business Analysis
6 1 (6.67%) Supply Chain Management
6 1 (6.67%) General Ledger
6 1 (6.67%) Banking

Product Lead Skill Set
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Applications
1 4 (26.67%) Chatbot
Business Applications
1 1 (6.67%) SAP CO
1 1 (6.67%) SAP S/4HANA
Cloud Services
1 2 (13.33%) Azure
2 1 (6.67%) SuccessFactors
Development Applications
1 1 (6.67%) JIRA
General
1 5 (33.33%) Social Skills
2 3 (20.00%) Marketing
3 1 (6.67%) Banking
3 1 (6.67%) Finance
3 1 (6.67%) General Ledger
3 1 (6.67%) Manufacturing
3 1 (6.67%) Presentation Skills
Libraries, Frameworks & Software Standards
1 1 (6.67%) EDI
Miscellaneous
1 6 (40.00%) Product Ownership
2 2 (13.33%) Legacy Systems
3 1 (6.67%) Data Protection Act
3 1 (6.67%) Mobile App
Processes & Methodologies
1 4 (26.67%) Artificial Intelligence
1 4 (26.67%) Conversational UI
1 4 (26.67%) Customer Experience
1 4 (26.67%) Data Science
1 4 (26.67%) Machine Learning
1 4 (26.67%) Natural Language Processing
1 4 (26.67%) Project Management
2 3 (20.00%) Agile
2 3 (20.00%) Business Development
2 3 (20.00%) Problem-Solving
2 3 (20.00%) Product Management
2 3 (20.00%) Strategic Planning
3 2 (13.33%) Product Strategy
3 2 (13.33%) Roadmaps
4 1 (6.67%) Computer Science
4 1 (6.67%) Cost Centre Accounting
4 1 (6.67%) Data Analysis
4 1 (6.67%) Data Migration
4 1 (6.67%) Data Protection
4 1 (6.67%) Profit Centre Accounting
Qualifications
1 6 (40.00%) Degree
2 2 (13.33%) SC Cleared
2 2 (13.33%) Security Cleared
3 1 (6.67%) Azure Certification
3 1 (6.67%) CCA
3 1 (6.67%) Master's Degree
3 1 (6.67%) MBA
Quality Assurance & Compliance
1 1 (6.67%) Accessibility
1 1 (6.67%) NCSC
1 1 (6.67%) NIST
1 1 (6.67%) PMO
1 1 (6.67%) QA
Vendors
1 1 (6.67%) CA Agile Central
1 1 (6.67%) SAP
1 1 (6.67%) Zoho