Period
to 21 January 2019

The following table provides summary statistics for contract job vacancies with a requirement for TARGET2 skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited TARGET2 over the 6 months to 21 January 2019 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.

TARGET2
UK
6 months to
21 Jan 2019
Same period 2018 Same period 2017
Rank 879 863 853
Rank change year-on-year -16 -10 +30
Contract jobs citing TARGET2 5 25 4
As % of all contract IT jobs advertised in the UK 0.005% 0.025% 0.004%
As % of the Quality Assurance & Compliance category 0.047% 0.20% 0.036%
Number of daily rates quoted 2 20 3
UK median daily rate £588 £500 £475
Median daily rate % change year-on-year +17.50% +5.26% +6.15%
10th Percentile £581 £425 £463
90th Percentile £594 £500 £558
UK excluding London median daily rate £588 - £550
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

TARGET2 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 10,552 12,795 11,025
As % of all contract IT jobs advertised in the UK 10.68% 12.96% 11.48%
Number of daily rates quoted 6,604 8,387 7,216
UK median daily rate £450 £440 £425
Median daily rate % change year-on-year +2.27% +3.53% +5.07%
10th Percentile £255 £258 £228
90th Percentile £625 £638 £625
UK excluding London median daily rate £420 £400 £400
% change year-on-year +5.00% - +3.23%
Number of hourly rates quoted 360 351 395
UK median hourly rate £20.25 £20.60 £23.34
Median hourly rate % change year-on-year -1.72% -11.74% -6.64%
10th Percentile £11.00 £11.25 £10.83
90th Percentile £47.58 £50.78 £47.50
UK excluding London median hourly rate £20.25 £22.35 £25.00
% change year-on-year -9.40% -10.62% -

TARGET2
Job Vacancy Trend

Job postings citing TARGET2 as a percentage of all IT jobs advertised.

Job vacancy trend for TARGET2 in the UK

TARGET2
Contractor Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing TARGET2.

Contractor daily rate trend for TARGET2 in the UK

TARGET2
Top 6 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing TARGET2 within the UK over the 6 months to 21 January 2019. 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 -29 5 £588 +17.50% 1
London -1 4 - - 1
UK excluding London - 1 £588 -
North of England - 1 £588 -
North West - 1 £588 -
South West - 1 £588 -

For the 6 months to 21 January 2019, IT contractor jobs citing TARGET2 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 TARGET2.

1 5 (100.00%) Finance
1 5 (100.00%) Banking
1 5 (100.00%) Integration Testing
1 5 (100.00%) SWIFT
1 5 (100.00%) SEPA
2 4 (80.00%) REST
2 4 (80.00%) Analytical Skills
2 4 (80.00%) API Development
2 4 (80.00%) API Testing
2 4 (80.00%) PSD2
2 4 (80.00%) HP Quality Center
2 4 (80.00%) Test Scripting
2 4 (80.00%) QA
2 4 (80.00%) Validation
2 4 (80.00%) HP
3 3 (60.00%) Financial Institution
4 1 (20.00%) Anti-Money Laundering
4 1 (20.00%) Oracle Cash Management
4 1 (20.00%) BizTalk Server
4 1 (20.00%) WebSphere MQ
4 1 (20.00%) Project Management
4 1 (20.00%) .NET
4 1 (20.00%) Oracle
4 1 (20.00%) Windows
4 1 (20.00%) Linux
4 1 (20.00%) CMS
4 1 (20.00%) User Acceptance Testing
4 1 (20.00%) Requirements Analysis
4 1 (20.00%) WebSphere
4 1 (20.00%) Degree

TARGET2
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 1 (20.00%) BizTalk Server
1 1 (20.00%) CMS
1 1 (20.00%) WebSphere
Business Applications
1 1 (20.00%) Oracle Cash Management
General
1 5 (100.00%) Banking
1 5 (100.00%) Finance
2 3 (60.00%) Financial Institution
Job Titles
1 4 (80.00%) Payments Tester
1 4 (80.00%) Tester
2 1 (20.00%) Analyst
2 1 (20.00%) Delivery Manager
2 1 (20.00%) Payments Analyst
2 1 (20.00%) Systems Analyst
2 1 (20.00%) Systems Delivery Manager
2 1 (20.00%) Systems Manager
2 1 (20.00%) Technical Analyst
2 1 (20.00%) Technical Delivery Manager
2 1 (20.00%) Technical Manager
Libraries, Frameworks & Software Standards
1 4 (80.00%) REST
2 1 (20.00%) .NET
2 1 (20.00%) WebSphere MQ
Miscellaneous
1 5 (100.00%) SWIFT
2 4 (80.00%) Analytical Skills
Operating Systems
1 1 (20.00%) Linux
1 1 (20.00%) Windows
Processes & Methodologies
1 5 (100.00%) Integration Testing
2 4 (80.00%) API Development
2 4 (80.00%) API Testing
2 4 (80.00%) Test Scripting
2 4 (80.00%) Validation
3 1 (20.00%) Anti-Money Laundering
3 1 (20.00%) Cash Management
3 1 (20.00%) Project Management
3 1 (20.00%) Requirements Analysis
3 1 (20.00%) User Acceptance Testing
3 1 (20.00%) V-Model
3 1 (20.00%) Waterfall
Qualifications
1 1 (20.00%) Degree
Quality Assurance & Compliance
1 5 (100.00%) SEPA
2 4 (80.00%) PSD2
2 4 (80.00%) QA
Systems Management
1 4 (80.00%) HP Quality Center
Vendors
1 4 (80.00%) HP
2 1 (20.00%) Oracle