Period
to 26 July 2017

The table below provides summary statistics for contract job vacancies with a requirement for knowledge and experience of VocaLink products and/or services. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited VocaLink over the 6 months to 26 July 2017 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.

The figures below represent the IT contractor job market in general and are not representative of contractor rates within VocaLink Limited.

VocaLink
UK
6 months to
26 Jul 2017
Same period 2016 Same period 2015
Rank 839 894 891
Rank change year-on-year +55 -3 -35
Contract jobs citing VocaLink 5 8 9
As % of all contract IT jobs advertised in the UK 0.005% 0.007% 0.008%
As % of the Vendors category 0.012% 0.016% 0.018%
Number of daily rates quoted 5 3 4
UK median daily rate £575 £488 £500
Median daily rate % change year-on-year +17.95% -2.50% +28.21%
10th Percentile £525 £354 £466
90th Percentile £740 £521 £518
UK excluding London median daily rate - £500 £500
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

VocaLink is in the vendor products and services category. The following table is for comparison with the above and provides summary statistics for all vendor product and service related skills in contract job vacancies.

Contract Vendor Product & Service Skills
UK
Contract job vacancies with a requirement for skills associated with vendor products and/or services 41709 49023 50321
As % of all contract IT job vacancies advertised in the UK 43.80% 44.62% 44.60%
Number of daily rates quoted 25535 30083 29030
UK median daily rate £425 £413 £400
Median daily rate % change year-on-year +3.03% +3.13% +2.56%
10th Percentile £250 £245 £219
90th Percentile £600 £581 £575
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.23% +3.33% +7.14%
Number of hourly rates quoted 1426 1623 2179
UK median hourly rate £17.00 £17.50 £17.50
Median hourly rate % change year-on-year -2.86% - +2.94%
10th Percentile £10.50 £10.00 £10.25
90th Percentile £47.50 £45.00 £43.89
UK excluding London median hourly rate £16.50 £17.45 £17.00
% change year-on-year -5.44% +2.65% +3.03%

VocaLink
Job Vacancy Trend

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

Job vacancy trend for VocaLink in the UK

VocaLink
Contractor Daily Rate Trend

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

Contractor daily rate trend for VocaLink in the UK

VocaLink
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing VocaLink over the 6 months to 26 July 2017.

Contractor daily rate histogram for VocaLink in the UK

VocaLink
Top 2 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing VocaLink within the UK over the 6 months to 26 July 2017. 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 +48 5 £575 +41.54%
London +23 5 £575 +41.54%

For the 6 months to 26 July 2017, IT contractor jobs citing VocaLink also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for VocaLink.

1 5 (100.00%) WorldPay
2 3 (60.00%) Banking
3 2 (40.00%) Agile Software Development
3 2 (40.00%) Migration

VocaLink
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:

General
1 3 (60.00%) Banking
Job Titles
1 5 (100.00%) Analyst
1 5 (100.00%) Payments Analyst
2 4 (80.00%) Business Analyst
2 4 (80.00%) Payments Business Analyst
3 1 (20.00%) Business Change Analyst
3 1 (20.00%) Change Analyst
Processes & Methodologies
1 2 (40.00%) Agile Software Development
1 2 (40.00%) Migration
Vendors
1 5 (100.00%) WorldPay