Target Operating Model (TOM)
London > Central London
The following table provides summary statistics for contract job vacancies advertised in Central London with a requirement for Target Operating Model skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Target Operating Model over the 6 months to 3 June 2024 with a comparison to the same period in the previous 2 years.
| 6 months to 3 Jun 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 121 | 131 | 162 |
| Rank change year-on-year | +10 | +31 | -38 |
| Contract jobs citing Target Operating Model | 15 | 40 | 36 |
| As % of all contract jobs advertised in Central London | 0.63% | 1.07% | 0.80% |
| As % of the Processes & Methodologies category | 0.69% | 1.18% | 0.87% |
| Number of daily rates quoted | 10 | 31 | 29 |
| 10th Percentile | £550 | £513 | £443 |
| 25th Percentile | £603 | £525 | £513 |
| Median daily rate (50th Percentile) | £625 | £665 | £600 |
| Median % change year-on-year | -6.02% | +10.83% | +9.09% |
| 75th Percentile | £715 | £775 | £669 |
| 90th Percentile | £741 | £800 | £765 |
| London median daily rate | £550 | £670 | £600 |
| % change year-on-year | -17.91% | +11.67% | +9.09% |
All Process and Methodology Skills
Central London
Target Operating Model 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 advertised in Central London with a requirement for process or methodology skills.
| Contract vacancies with a requirement for process or methodology skills | 2,167 | 3,404 | 4,159 |
| As % of all contract IT jobs advertised in Central London | 90.75% | 91.26% | 92.12% |
| Number of daily rates quoted | 1,534 | 2,302 | 3,161 |
| 10th Percentile | £350 | £325 | £363 |
| 25th Percentile | £450 | £463 | £469 |
| Median daily rate (50th Percentile) | £550 | £600 | £565 |
| Median % change year-on-year | -8.33% | +6.19% | +7.11% |
| 75th Percentile | £675 | £725 | £688 |
| 90th Percentile | £799 | £813 | £775 |
| London median daily rate | £550 | £590 | £575 |
| % change year-on-year | -6.78% | +2.61% | +9.52% |
| Number of hourly rates quoted | 22 | 28 | 45 |
| 10th Percentile | £20.22 | £14.25 | £18.50 |
| 25th Percentile | £23.03 | £16.33 | £25.25 |
| Median hourly rate | £27.81 | £35.00 | £41.50 |
| Median % change year-on-year | -20.54% | -15.66% | +107.50% |
| 75th Percentile | £32.09 | £53.19 | £55.25 |
| 90th Percentile | £41.65 | £88.30 | £62.50 |
| London median hourly rate | £28.00 | £39.00 | £35.50 |
| % change year-on-year | -28.21% | +9.86% | +1.78% |
Target Operating Model
Job Vacancy Trend in Central London
Job postings citing Target Operating Model as a proportion of all IT jobs advertised in Central London.
Target Operating Model
Contractor Daily Rate Trend in Central London
3-month moving average daily rate quoted in jobs citing Target Operating Model in Central London.
Target Operating Model
Daily Rate Histogram in Central London
Daily rate distribution for jobs citing Target Operating Model in Central London over the 6 months to 3 June 2024.
Target Operating Model
Contract Job Locations in Central London
The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Target Operating Model within the Central London region over the 6 months to 3 June 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 |
|---|---|---|---|---|---|
| City of London | +17 | 14 | £625 | -7.41% | 1 |
| Target Operating Model London |
|||||
Target Operating Model
Co-occurring Skills and Capabilities in Central London 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: