Procure-to-Pay (including Purchase-to-Pay, P2P)
UK
The following table provides summary statistics for contract job vacancies with a requirement for Procure-to-Pay skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Procure-to-Pay over the 6 months to 16 May 2024 with a comparison to the same period in the previous 2 years.
| 6 months to 16 May 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 410 | 476 | 617 |
| Rank change year-on-year | +66 | +141 | -121 |
| Contract jobs citing Procure-to-Pay | 173 | 209 | 237 |
| As % of all contract jobs advertised in the UK | 0.41% | 0.37% | 0.27% |
| As % of the Processes & Methodologies category | 0.47% | 0.41% | 0.30% |
| Number of daily rates quoted | 105 | 108 | 157 |
| 10th Percentile | £418 | £413 | £375 |
| 25th Percentile | £500 | £475 | £463 |
| Median daily rate (50th Percentile) | £588 | £575 | £550 |
| Median % change year-on-year | +2.17% | +4.55% | +7.32% |
| 75th Percentile | £688 | £644 | £650 |
| 90th Percentile | £875 | £904 | £713 |
| UK excluding London median daily rate | £550 | £575 | £550 |
| % change year-on-year | -4.35% | +4.55% | +29.41% |
| Number of hourly rates quoted | 1 | 6 | 0 |
| Median hourly rate | £30.00 | £75.00 | - |
| Median % change year-on-year | -60.00% | - | - |
| UK excluding London median hourly rate | £30.00 | £75.00 | - |
| % change year-on-year | -60.00% | - | - |
All Process and Methodology Skills
UK
Procure-to-Pay 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 with a requirement for process or methodology skills.
| Contract vacancies with a requirement for process or methodology skills | 36,679 | 51,168 | 79,259 |
| As % of all contract IT jobs advertised in the UK | 86.19% | 89.82% | 90.63% |
| Number of daily rates quoted | 23,608 | 35,479 | 55,636 |
| 10th Percentile | £300 | £325 | £345 |
| 25th Percentile | £413 | £438 | £429 |
| Median daily rate (50th Percentile) | £525 | £550 | £530 |
| Median % change year-on-year | -4.55% | +3.77% | +8.16% |
| 75th Percentile | £638 | £650 | £638 |
| 90th Percentile | £750 | £750 | £738 |
| UK excluding London median daily rate | £500 | £500 | £479 |
| % change year-on-year | - | +4.38% | +9.49% |
| Number of hourly rates quoted | 2,436 | 1,692 | 1,900 |
| 10th Percentile | £12.75 | £10.64 | £12.50 |
| 25th Percentile | £15.94 | £16.10 | £15.50 |
| Median hourly rate | £36.27 | £35.65 | £25.68 |
| Median % change year-on-year | +1.75% | +38.82% | +5.35% |
| 75th Percentile | £60.00 | £65.00 | £49.75 |
| 90th Percentile | £72.50 | £75.00 | £65.00 |
| UK excluding London median hourly rate | £37.50 | £35.00 | £20.00 |
| % change year-on-year | +7.14% | +75.00% | -6.21% |
Procure-to-Pay
Job Vacancy Trend
Job postings citing Procure-to-Pay as a proportion of all IT jobs advertised.
Procure-to-Pay
Contractor Daily Rate Trend
3-month moving average daily rate quoted in jobs citing Procure-to-Pay.
Procure-to-Pay
Daily Rate Histogram
Daily rate distribution for jobs citing Procure-to-Pay over the 6 months to 16 May 2024.
Procure-to-Pay
Contractor Hourly Rate Trend
3-month moving average hourly rates quoted in jobs citing Procure-to-Pay.
Procure-to-Pay
Top 14 Contract Locations
The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Procure-to-Pay within the UK over the 6 months to 16 May 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 |
|---|---|---|---|---|---|
| England | +82 | 137 | £550 | -3.93% | 58 |
| UK excluding London | +83 | 92 | £550 | -4.35% | 38 |
| Work from Home | +116 | 74 | £600 | +4.35% | 320 |
| London | +56 | 53 | £575 | +0.88% | 17 |
| South East | +26 | 40 | £625 | +4.17% | 11 |
| North of England | +34 | 23 | £550 | +10.00% | 10 |
| Scotland | +37 | 12 | £688 | +19.57% | 1 |
| North West | +20 | 12 | £560 | +23.76% | 9 |
| East of England | +14 | 11 | £500 | -25.93% | 7 |
| Yorkshire | +21 | 10 | £540 | -1.82% | |
| Midlands | +26 | 4 | £425 | -32.00% | 7 |
| South West | - | 4 | £391 | - | 1 |
| West Midlands | +25 | 3 | £425 | -32.00% | 5 |
| East Midlands | +13 | 1 | - | - | 2 |
Procure-to-Pay
Co-occurring Skills and Capabilities 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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