Straight-Through Processing Contracts

Straight-Through Processing
UK

The following table provides summary statistics for contract job vacancies with a requirement for Straight-Through Processing skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Straight-Through Processing over the 6 months to 5 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
5 May 2024		 Same period 2023 Same period 2022
Rank 597 701 851
Rank change year-on-year +104 +150 -168
Contract jobs citing Straight-Through Processing 3 15 12
As % of all contract jobs advertised in the UK 0.007% 0.025% 0.014%
As % of the Processes & Methodologies category 0.008% 0.028% 0.015%
Number of daily rates quoted 2 13 12
10th Percentile £605 £489 £571
25th Percentile £613 £513 £650
Median daily rate (50th Percentile) £650 £700 £700
Median % change year-on-year -7.14% - +7.69%
75th Percentile £713 - £822
90th Percentile £735 £900 £850
UK excluding London median daily rate - £494 £275
% change year-on-year - +79.55% -

All Process and Methodology Skills
UK

Straight-Through Processing 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 37,268 53,074 80,383
As % of all contract IT jobs advertised in the UK 86.35% 89.85% 90.59%
Number of daily rates quoted 24,016 36,805 56,451
10th Percentile £300 £325 £340
25th Percentile £413 £438 £425
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 2,439 1,749 1,911
10th Percentile £12.75 £11.00 £12.50
25th Percentile £16.00 £16.25 £15.50
Median hourly rate £35.95 £35.80 £25.00
Median % change year-on-year +0.42% +43.20% +2.04%
75th Percentile £60.00 £65.00 £49.25
90th Percentile £72.50 £75.00 £65.00
UK excluding London median hourly rate £37.50 £35.00 £20.00
% change year-on-year +7.14% +75.00% -6.98%

Straight-Through Processing
Job Vacancy Trend

Job postings citing Straight-Through Processing as a proportion of all IT jobs advertised.

Job vacancy trend for Straight-Through Processing in the UK

Straight-Through Processing
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Straight-Through Processing.

Daily rate trend for Straight-Through Processing in the UK

Straight-Through Processing
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Straight-Through Processing.

Hourly rate trend for Straight-Through Processing in the UK

Straight-Through Processing
Top 3 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Straight-Through Processing within the UK over the 6 months to 5 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 +108 2 £650 -7.14% 1
Work from Home +126 1 - -
London +101 1 £600 -14.29% 1

Straight-Through Processing
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:

Cloud Services
1 1 (33.33%) Apple Pay
1 1 (33.33%) Azure
1 1 (33.33%) Google Pay
Database & Business Intelligence
1 1 (33.33%) Metadata
General
1 2 (66.67%) Analytical Skills
1 2 (66.67%) Finance
2 1 (33.33%) Banking
2 1 (33.33%) Influencing Skills
2 1 (33.33%) Private Banking
2 1 (33.33%) Retail
2 1 (33.33%) Social Skills
Job Titles
1 1 (33.33%) Agile Project Manager
1 1 (33.33%) Analyst
1 1 (33.33%) Banking Project Manager
1 1 (33.33%) Business Analyst
1 1 (33.33%) Data Management Specialist
1 1 (33.33%) Payments Project Manager
1 1 (33.33%) Project Manager
1 1 (33.33%) Senior
1 1 (33.33%) Senior Data Warehouse Specialist
Miscellaneous
1 1 (33.33%) Onboarding
1 1 (33.33%) Taxonomies
Processes & Methodologies
1 2 (66.67%) Business Case
1 2 (66.67%) Decision-Making
1 2 (66.67%) PRINCE2
1 2 (66.67%) Project Management
1 2 (66.67%) Scrum
1 2 (66.67%) SDLC
2 1 (33.33%) Agile
2 1 (33.33%) BPMN
2 1 (33.33%) Change Management
2 1 (33.33%) Continuous Improvement
2 1 (33.33%) Data Governance
2 1 (33.33%) Data Management
2 1 (33.33%) Kanban
2 1 (33.33%) Lean Six Sigma
2 1 (33.33%) Six Sigma
2 1 (33.33%) Stakeholder Engagement
2 1 (33.33%) UML
2 1 (33.33%) Use Case
2 1 (33.33%) User Acceptance Testing
2 1 (33.33%) Waterfall
Qualifications
1 2 (66.67%) Degree
2 1 (33.33%) Master's Degree
2 1 (33.33%) MBA
2 1 (33.33%) PMI Certification
2 1 (33.33%) PMP
Vendors
1 1 (33.33%) Apple
1 1 (33.33%) Google
1 1 (33.33%) Microsoft
1 1 (33.33%) SAP
1 1 (33.33%) Workday
1 Straight-Through Processing jobs Nationwide