Cost Reduction
UK > England
The following table provides summary statistics for contract job vacancies advertised in England with a requirement for Cost Reduction skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Cost Reduction over the 6 months to 8 June 2024 with a comparison to the same period in the previous 2 years.
| 6 months to 8 Jun 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 437 | 547 | 595 |
| Rank change year-on-year | +110 | +48 | -78 |
| Contract jobs citing Cost Reduction | 106 | 91 | 185 |
| As % of all contract jobs advertised in England | 0.29% | 0.19% | 0.26% |
| As % of the Processes & Methodologies category | 0.33% | 0.21% | 0.29% |
| Number of daily rates quoted | 63 | 28 | 95 |
| 10th Percentile | £433 | £321 | £361 |
| 25th Percentile | £525 | £450 | £425 |
| Median daily rate (50th Percentile) | £600 | £595 | £550 |
| Median % change year-on-year | +0.84% | +8.18% | +11.11% |
| 75th Percentile | £753 | £716 | £638 |
| 90th Percentile | £815 | £783 | £733 |
| UK median daily rate | £600 | £513 | £550 |
| % change year-on-year | +17.07% | -6.82% | +15.79% |
| Number of hourly rates quoted | 3 | 0 | 5 |
| 10th Percentile | - | - | £13.25 |
| 25th Percentile | £30.70 | - | £14.00 |
| Median hourly rate | £31.80 | - | £35.50 |
| 75th Percentile | £56.04 | - | £43.95 |
| 90th Percentile | £69.92 | - | £55.83 |
| UK median hourly rate | £60.50 | - | £35.50 |
| % change year-on-year | - | - | +39.22% |
All Process and Methodology Skills
England
Cost Reduction 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 England with a requirement for process or methodology skills.
| Contract vacancies with a requirement for process or methodology skills | 31,786 | 42,433 | 64,536 |
| As % of all contract IT jobs advertised in England | 85.49% | 89.93% | 90.85% |
| Number of daily rates quoted | 20,644 | 29,761 | 45,992 |
| 10th Percentile | £300 | £325 | £338 |
| 25th Percentile | £413 | £443 | £433 |
| Median daily rate (50th Percentile) | £525 | £550 | £548 |
| Median % change year-on-year | -4.55% | +0.46% | +9.50% |
| 75th Percentile | £650 | £675 | £650 |
| 90th Percentile | £750 | £775 | £750 |
| UK median daily rate | £525 | £550 | £538 |
| % change year-on-year | -4.55% | +2.33% | +7.50% |
| Number of hourly rates quoted | 2,351 | 1,531 | 1,717 |
| 10th Percentile | £12.81 | £10.63 | £12.50 |
| 25th Percentile | £16.00 | £15.57 | £15.50 |
| Median hourly rate | £37.50 | £36.00 | £25.50 |
| Median % change year-on-year | +4.17% | +41.18% | +13.33% |
| 75th Percentile | £61.30 | £64.63 | £50.00 |
| 90th Percentile | £72.50 | £75.00 | £65.00 |
| UK median hourly rate | £36.50 | £35.65 | £25.68 |
| % change year-on-year | +2.38% | +38.82% | +11.65% |
Cost Reduction
Job Vacancy Trend in England
Job postings citing Cost Reduction as a proportion of all IT jobs advertised in England.
Cost Reduction
Contractor Daily Rate Trend in England
3-month moving average daily rate quoted in jobs citing Cost Reduction in England.
Cost Reduction
Daily Rate Histogram in England
Daily rate distribution for jobs citing Cost Reduction in England over the 6 months to 8 June 2024.
Cost Reduction
Contractor Hourly Rate Trend in England
3-month moving average hourly rates quoted in jobs citing Cost Reduction in England.
Cost Reduction
Hourly Rate Histogram in England
Hourly rate distribution of jobs citing Cost Reduction in England over the 6 months to 8 June 2024.
Cost Reduction
Contract Job Locations in England
The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Cost Reduction within the England region over the 6 months to 8 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 |
|---|---|---|---|---|---|
| London | +78 | 36 | £666 | +9.67% | 56 |
| North of England | +27 | 25 | £560 | -13.85% | 33 |
| Midlands | - | 21 | £588 | - | 33 |
| West Midlands | - | 20 | £588 | - | 22 |
| North West | +19 | 17 | £625 | +4.17% | 18 |
| South West | +15 | 7 | £571 | - | 29 |
| Yorkshire | +14 | 5 | £432 | -42.40% | 10 |
| East of England | +5 | 4 | £560 | +9.27% | 20 |
| South East | +2 | 4 | £663 | +29.90% | 35 |
| North East | +13 | 2 | - | - | 6 |
| East Midlands | - | 1 | - | - | 11 |
| Cost Reduction UK |
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Cost Reduction
Co-occurring Skills and Capabilities in England 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:
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