Cost Reduction
Hertfordshire > Watford
The table below provides summary statistics for contract job vacancies advertised in Watford requiring Cost Reduction skills. It includes a benchmarking guide to the contractor rates offered in vacancies that cited Cost Reduction over the 6 months leading up to 15 May 2025, comparing them to the same period in the previous two years.
| 6 months to 15 May 2025 |
Same period 2024 | Same period 2023 | |
|---|---|---|---|
| Rank | - | - | 19 |
| Rank change year-on-year | - | - | - |
| Contract jobs citing Cost Reduction | 0 | 0 | 3 |
| As % of all contract jobs advertised in Watford | - | - | 2.36% |
| As % of the Processes & Methodologies category | - | - | 2.94% |
| Number of daily rates quoted | 0 | 0 | 2 |
| 10th Percentile | - | - | £533 |
| 25th Percentile | - | - | £563 |
| Median daily rate (50th Percentile) | - | - | £625 |
| 75th Percentile | - | - | £688 |
| 90th Percentile | - | - | £718 |
| Hertfordshire median daily rate | - | - | £513 |
All Process and Methodology Skills
Watford
Cost Reduction falls under the Processes and Methodologies category. For comparison with the information above, the following table provides summary statistics for all contract job vacancies requiring process or methodology skills in Watford.
| Contract vacancies with a requirement for process or methodology skills | 28 | 96 | 102 |
| As % of all contract IT jobs advertised in Watford | 93.33% | 93.20% | 80.31% |
| Number of daily rates quoted | 22 | 69 | 68 |
| 10th Percentile | £312 | £277 | £196 |
| 25th Percentile | £416 | £325 | £391 |
| Median daily rate (50th Percentile) | £450 | £425 | £525 |
| Median % change year-on-year | +5.88% | -19.05% | +5.00% |
| 75th Percentile | £575 | £613 | £738 |
| 90th Percentile | - | £735 | £958 |
| Hertfordshire median daily rate | £550 | £425 | £500 |
| % change year-on-year | +29.41% | -15.00% | +4.17% |
| Number of hourly rates quoted | 1 | 4 | 9 |
| 10th Percentile | - | £13.06 | - |
| 25th Percentile | £46.31 | £13.34 | £21.00 |
| Median hourly rate | £47.44 | £14.75 | £22.00 |
| Median % change year-on-year | +221.63% | -32.95% | -37.14% |
| 75th Percentile | £48.57 | £15.38 | £34.35 |
| 90th Percentile | - | £16.05 | £38.64 |
| Hertfordshire median hourly rate | £65.00 | £50.00 | £65.00 |
| % change year-on-year | +30.00% | -23.08% | +22.82% |
Cost Reduction
Job Vacancy Trend in Watford
Job postings citing Cost Reduction as a proportion of all IT jobs advertised in Watford.
Cost Reduction
Contractor Daily Rate Trend in Watford
3-month moving average daily rate quoted in jobs citing Cost Reduction in Watford.