Period
to 22 October 2018

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 22 October 2018 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
22 Oct 2018
Same period 2017 Same period 2016
Rank 881 870 902
Rank change year-on-year -11 +32 -19
Contract jobs citing TARGET2 2 8 5
As % of all contract IT jobs advertised in the UK 0.002% 0.008% 0.005%
As % of the Quality Assurance & Compliance category 0.018% 0.065% 0.041%
Number of daily rates quoted 3 4 4
UK median daily rate £588 £500 £475
Median daily rate % change year-on-year +17.50% +5.26% +26.67%
10th Percentile £446 £500 £428
90th Percentile £594 £588 £549
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 11,226 12,270 12,081
As % of all contract IT jobs advertised in the UK 10.87% 12.35% 11.46%
Number of daily rates quoted 7,102 8,047 7,801
UK median daily rate £450 £438 £415
Median daily rate % change year-on-year +2.86% +5.42% +3.75%
10th Percentile £250 £256 £225
90th Percentile £625 £630 £600
UK excluding London median daily rate £400 £400 £380
% change year-on-year - +5.26% -
Number of hourly rates quoted 402 361 445
UK median hourly rate £21.76 £20.00 £22.84
Median hourly rate % change year-on-year +8.80% -12.42% +5.96%
10th Percentile £11.12 £10.59 £10.50
90th Percentile £49.88 £47.50 £47.50
UK excluding London median hourly rate £21.88 £20.00 £25.00
% change year-on-year +9.40% -20.00% +16.01%

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
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing TARGET2 over the 6 months to 22 October 2018.

Contractor daily rate histogram 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 22 October 2018. 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 -16 2 £588 +17.50%
London -11 1 £425 -15.00%
North West - 1 £588 -
South West - 1 £588 -
UK excluding London - 1 £588 -
North of England - 1 £588 -

For the 6 months to 22 October 2018, 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 2 (100.00%) Finance
1 2 (100.00%) Banking
1 2 (100.00%) Project Management
1 2 (100.00%) SWIFT
1 2 (100.00%) SEPA
2 1 (50.00%) Collaborative Working
2 1 (50.00%) Continuous Improvement
2 1 (50.00%) Process Improvement
2 1 (50.00%) Oracle Cash Management
2 1 (50.00%) Anti-Money Laundering
2 1 (50.00%) Financial Institution
2 1 (50.00%) Data Analysis
2 1 (50.00%) Microsoft PowerPoint
2 1 (50.00%) Requirements Analysis
2 1 (50.00%) Corporate Banking
2 1 (50.00%) WebSphere
2 1 (50.00%) Project Planning
2 1 (50.00%) Degree
2 1 (50.00%) User Acceptance Testing
2 1 (50.00%) Integration Testing
2 1 (50.00%) Time Management
2 1 (50.00%) V-Model
2 1 (50.00%) Cash Management
2 1 (50.00%) Waterfall
2 1 (50.00%) CMS
2 1 (50.00%) STATISTICA Visual Basic
2 1 (50.00%) .NET
2 1 (50.00%) Oracle
2 1 (50.00%) Microsoft Project
2 1 (50.00%) Windows

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 (50.00%) BizTalk Server
1 1 (50.00%) CMS
1 1 (50.00%) WebSphere
Applications
1 1 (50.00%) Microsoft Excel
1 1 (50.00%) Microsoft PowerPoint
1 1 (50.00%) Microsoft Project
Business Applications
1 1 (50.00%) Oracle Cash Management
General
1 2 (100.00%) Banking
1 2 (100.00%) Finance
2 1 (50.00%) Corporate Banking
2 1 (50.00%) Financial Institution
Job Titles
1 1 (50.00%) Analyst
1 1 (50.00%) Delivery Manager
1 1 (50.00%) Payments Analyst
1 1 (50.00%) Systems Analyst
1 1 (50.00%) Systems Delivery Manager
1 1 (50.00%) Systems Manager
1 1 (50.00%) Technical Analyst
1 1 (50.00%) Technical Delivery Manager
1 1 (50.00%) Technical Manager
Libraries, Frameworks & Software Standards
1 1 (50.00%) .NET
1 1 (50.00%) WebSphere MQ
Miscellaneous
1 2 (100.00%) SWIFT
Operating Systems
1 1 (50.00%) Linux
1 1 (50.00%) Windows
Processes & Methodologies
1 2 (100.00%) Project Management
2 1 (50.00%) Anti-Money Laundering
2 1 (50.00%) Cash Management
2 1 (50.00%) Collaborative Working
2 1 (50.00%) Continuous Improvement
2 1 (50.00%) Data Analysis
2 1 (50.00%) Integration Testing
2 1 (50.00%) Process Improvement
2 1 (50.00%) Project Planning
2 1 (50.00%) Requirements Analysis
2 1 (50.00%) Time Management
2 1 (50.00%) User Acceptance Testing
2 1 (50.00%) V-Model
2 1 (50.00%) Waterfall
Programming Languages
1 1 (50.00%) STATISTICA Visual Basic
Qualifications
1 1 (50.00%) Degree
Quality Assurance & Compliance
1 2 (100.00%) SEPA
Vendors
1 1 (50.00%) Oracle