Requirements Engineering Contracts

Requirements Engineering
UK

The following table provides summary statistics for contract job vacancies with a requirement for Requirements Engineering skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Requirements Engineering over the 6 months to 11 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
11 May 2024
Same period 2023 Same period 2022
Rank 537 672 759
Rank change year-on-year +135 +87 -98
Contract jobs citing Requirements Engineering 53 27 85
As % of all contract jobs advertised in the UK 0.12% 0.047% 0.097%
As % of the Processes & Methodologies category 0.14% 0.052% 0.11%
Number of daily rates quoted 35 11 66
10th Percentile - £475 £358
25th Percentile £405 £505 £418
Median daily rate (50th Percentile) £450 £625 £500
Median % change year-on-year -28.00% +25.00% -
75th Percentile £530 £750 £574
90th Percentile £550 £788 £638
UK excluding London median daily rate £410 £500 £433
% change year-on-year -18.00% +15.61% -13.50%
Number of hourly rates quoted 7 6 1
10th Percentile - £29.46 -
25th Percentile £65.25 £41.38 -
Median hourly rate £65.50 £64.13 £39.29
Median % change year-on-year +2.14% +63.21% -
75th Percentile £68.21 £77.38 -
90th Percentile £70.66 £84.00 -
UK excluding London median hourly rate £65.50 £64.13 -
% change year-on-year +2.14% - -

All Process and Methodology Skills
UK

Requirements Engineering is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 37,094 51,920 79,222
As % of all contract IT jobs advertised in the UK 86.26% 89.82% 90.60%
Number of daily rates quoted 23,889 35,981 55,625
10th Percentile £300 £325 £343
25th Percentile £413 £438 £426
Median daily rate (50th Percentile) £525 £550 £530
Median % change year-on-year -4.55% +3.77% +8.72%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £738
UK excluding London median daily rate £500 £500 £475
% change year-on-year - +5.26% +8.57%
Number of hourly rates quoted 2,438 1,716 1,886
10th Percentile £12.75 £11.00 £12.50
25th Percentile £16.00 £16.24 £15.50
Median hourly rate £36.50 £36.40 £25.68
Median % change year-on-year +0.29% +41.73% +4.82%
75th Percentile £60.00 £65.00 £49.50
90th Percentile £72.50 £75.00 £65.00
UK excluding London median hourly rate £38.06 £35.00 £20.00
% change year-on-year +8.74% +75.00% -6.98%

Requirements Engineering
Job Vacancy Trend

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

Job vacancy trend for Requirements Engineering in the UK

Requirements Engineering
Contractor Daily Rate Trend

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

Daily rate trend for Requirements Engineering in the UK

Requirements Engineering
Daily Rate Histogram

Daily rate distribution for jobs citing Requirements Engineering over the 6 months to 11 May 2024.

Daily rate histogram for Requirements Engineering in the UK

Requirements Engineering
Contractor Hourly Rate Trend

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

Hourly rate trend for Requirements Engineering in the UK

Requirements Engineering
Top 13 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Requirements Engineering within the UK over the 6 months to 11 May 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 +132 51 £450 -28.00% 32
UK excluding London +76 38 £410 -18.00% 29
Work from Home +124 16 £488 -14.47% 13
East of England - 14 £410 - 2
London +103 13 £513 -18.00% 4
North of England +43 12 £410 -23.36% 4
North West +28 12 £410 - 4
Midlands +30 4 £525 - 2
South West +10 4 £463 -45.59% 12
South East +18 3 £475 -5.00% 7
East Midlands +21 2 £550 -
West Midlands +16 2 £525 - 2
Scotland - 2 £415 - 3

Requirements Engineering
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:

Application Platforms
1 1 (1.89%) Adobe Experience Manager
1 1 (1.89%) Confluence
Applications
1 6 (11.32%) Microsoft Office
2 1 (1.89%) Microsoft Excel
2 1 (1.89%) Microsoft Project
2 1 (1.89%) MS Visio
2 1 (1.89%) Spreadsheet
Business Applications
1 1 (1.89%) Aladdin
1 1 (1.89%) Dynamics CRM
1 1 (1.89%) Magento
1 1 (1.89%) SAP Hybris
1 1 (1.89%) SimCorp Dimension
1 1 (1.89%) Teamcenter
Cloud Services
1 10 (18.87%) Azure
2 6 (11.32%) Azure DevOps
3 4 (7.55%) Miro
4 1 (1.89%) Dynamics 365
4 1 (1.89%) Power Platform
4 1 (1.89%) SAP Commerce Cloud
Communications & Networking
1 2 (3.77%) Internet
1 2 (3.77%) Network Security
2 1 (1.89%) LAN
Database & Business Intelligence
1 4 (7.55%) NoSQL
1 4 (7.55%) SAP HANA
2 2 (3.77%) Oracle Database
3 1 (1.89%) Data Warehouse
3 1 (1.89%) Power BI
3 1 (1.89%) Power Query
Development Applications
1 1 (1.89%) JIRA
1 1 (1.89%) LabVIEW
1 1 (1.89%) Rational DOORS
General
1 14 (26.42%) Social Skills
2 12 (22.64%) Analytical Skills
2 12 (22.64%) Manufacturing
2 12 (22.64%) Pharmaceutical
3 11 (20.75%) Finance
4 10 (18.87%) Public Sector
5 4 (7.55%) Back Office
6 3 (5.66%) Banking
7 2 (3.77%) Electronics
7 2 (3.77%) Military
8 1 (1.89%) Automotive
8 1 (1.89%) Corporate Banking
8 1 (1.89%) German Language
8 1 (1.89%) Investment Banking
8 1 (1.89%) Organisational Skills
8 1 (1.89%) Presentation Skills
8 1 (1.89%) Retail
8 1 (1.89%) Retail Banking
Job Titles
1 36 (67.92%) Analyst
2 33 (62.26%) Business Analyst
3 8 (15.09%) Senior
3 8 (15.09%) Systems Engineer
4 6 (11.32%) Senior Analyst
5 5 (9.43%) Finance Business Analyst
5 5 (9.43%) Financial Analyst
5 5 (9.43%) Principal Engineer
5 5 (9.43%) Principal Systems Engineer
5 5 (9.43%) Requirements Engineer
5 5 (9.43%) Senior Business Analyst
6 3 (5.66%) Business IT Analyst
6 3 (5.66%) IT Analyst
6 3 (5.66%) IT Business Analyst
6 3 (5.66%) Technical Analyst
7 2 (3.77%) Business Finance Analyst
7 2 (3.77%) Process Analyst
7 2 (3.77%) Senior Business Finance Analyst
7 2 (3.77%) Senior Financial Analyst
7 2 (3.77%) Senior Systems Engineer
Libraries, Frameworks & Software Standards
1 4 (7.55%) SAP PI
2 1 (1.89%) Web Services
Miscellaneous
1 8 (15.09%) Product Ownership
2 4 (7.55%) SWIFT Messaging Network
3 2 (3.77%) Cyberattack
3 2 (3.77%) Management Information System
4 1 (1.89%) Onboarding
4 1 (1.89%) Video Conferencing
4 1 (1.89%) Virtual Team
Operating Systems
1 1 (1.89%) Windows
Processes & Methodologies
1 23 (43.40%) Agile
1 23 (43.40%) Business Analysis
2 20 (37.74%) Requirements Gathering
3 15 (28.30%) Stakeholder Management
4 14 (26.42%) Stakeholder Analysis
5 13 (24.53%) Lean Six Sigma
5 13 (24.53%) Requirements Analysis
5 13 (24.53%) Six Sigma
6 12 (22.64%) Business Process Modelling
6 12 (22.64%) Data Governance
6 12 (22.64%) Data Protection
7 9 (16.98%) Acceptance Criteria
7 9 (16.98%) Systems Engineering
7 9 (16.98%) User Stories
8 8 (15.09%) Problem-Solving
8 8 (15.09%) Product Backlog
8 8 (15.09%) Project Management
8 8 (15.09%) Waterfall
9 7 (13.21%) Scaled Agile Framework
9 7 (13.21%) Scrum
Programming Languages
1 7 (13.21%) SQL
2 1 (1.89%) C
2 1 (1.89%) C++
2 1 (1.89%) Data Analysis Expressions
2 1 (1.89%) Java
2 1 (1.89%) PL/SQL
Qualifications
1 21 (39.62%) Degree
2 13 (24.53%) IIBA
3 6 (11.32%) Security Cleared
4 4 (7.55%) SC Cleared
5 3 (5.66%) CBAP
6 2 (3.77%) APMP
7 1 (1.89%) BPSS Clearance
7 1 (1.89%) DV Cleared
7 1 (1.89%) ISEB
7 1 (1.89%) Master's Degree
Quality Assurance & Compliance
1 12 (22.64%) GDPR
1 12 (22.64%) Good Clinical Practice
1 12 (22.64%) GxP
2 5 (9.43%) PCI DSS
3 4 (7.55%) ISO 20022
4 2 (3.77%) P3O
4 2 (3.77%) SLA
5 1 (1.89%) Data Quality
5 1 (1.89%) QA
System Software
1 2 (3.77%) vSphere
Vendors
1 5 (9.43%) SAP
2 4 (7.55%) CyberSource
2 4 (7.55%) Microsoft
3 2 (3.77%) Oracle
3 2 (3.77%) VMware
4 1 (1.89%) Adobe
4 1 (1.89%) Atlassian
4 1 (1.89%) Avaloq
4 1 (1.89%) Salesforce
4 1 (1.89%) SimCorp