Product Thinking Contracts

Product Thinking
UK

The table below provides summary statistics for contract job vacancies requiring Product Thinking skills. It includes a benchmarking guide to the contractor rates offered in vacancies that cited Product Thinking over the 6 months leading up to 31 October 2024, comparing them to the same period in the previous two years.

6 months to
31 Oct 2024
Same period 2023 Same period 2022
Rank 544 613 819
Rank change year-on-year +69 +206 -
Contract jobs citing Product Thinking 5 14 17
As % of all contract jobs advertised in the UK 0.014% 0.030% 0.021%
As % of the Processes & Methodologies category 0.016% 0.034% 0.023%
Number of daily rates quoted 2 7 7
10th Percentile £338 £391 £398
25th Percentile £378 £401 £439
Median daily rate (50th Percentile) £456 £432 £650
Median % change year-on-year +5.56% -33.54% -
75th Percentile £547 £464 -
90th Percentile £594 £523 £660
UK excluding London median daily rate - - £400
Number of hourly rates quoted 1 2 2
10th Percentile - - -
25th Percentile £46.25 £41.25 £53.25
Median hourly rate £47.50 £42.50 £54.50
Median % change year-on-year +11.76% -22.02% -
75th Percentile £48.75 £43.75 £55.75
90th Percentile - - -
UK excluding London median hourly rate - - -

All Process and Methodology Skills
UK

Product Thinking 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.

Contract vacancies with a requirement for process or methodology skills 31,490 41,786 73,446
As % of all contract IT jobs advertised in the UK 86.08% 88.59% 90.30%
Number of daily rates quoted 18,955 28,261 50,998
10th Percentile £310 £311 £350
25th Percentile £413 £425 £450
Median daily rate (50th Percentile) £525 £538 £550
Median % change year-on-year -2.33% -2.27% +7.32%
75th Percentile £638 £650 £650
90th Percentile £738 £745 £750
UK excluding London median daily rate £500 £500 £500
% change year-on-year - - +9.89%
Number of hourly rates quoted 1,122 1,595 1,727
10th Percentile £15.00 £14.25 £13.35
25th Percentile £20.03 £18.93 £17.00
Median hourly rate £36.00 £43.86 £35.00
Median % change year-on-year -17.92% +25.31% +66.67%
75th Percentile £65.00 £65.00 £63.75
90th Percentile £73.75 £77.50 £72.50
UK excluding London median hourly rate £35.00 £43.33 £28.90
% change year-on-year -19.22% +49.93% +60.56%

Product Thinking
Job Vacancy Trend

Job postings citing Product Thinking as a proportion of all IT jobs advertised.

Job vacancy trend for Product Thinking in the UK

Product Thinking
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Product Thinking.

Daily rate trend for Product Thinking in the UK

Product Thinking
Daily Rate Histogram

Daily rate distribution for jobs citing Product Thinking over the 6 months to 31 October 2024.

Daily rate histogram for Product Thinking in the UK

Product Thinking
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Product Thinking.

Hourly rate trend for Product Thinking in the UK

Product Thinking
Top 3 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Product Thinking within the UK over the 6 months to 31 October 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 +66 5 £456 +5.56% 3
London +42 5 £456 +5.56% 3
Work from Home +76 2 £600 - 1

Product Thinking
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:

Application Platforms
1 2 (40.00%) SharePoint
Cloud Services
1 2 (40.00%) Azure
1 2 (40.00%) GitHub
1 2 (40.00%) Microsoft 365
1 2 (40.00%) Microsoft Copilot
1 2 (40.00%) Power Platform
1 2 (40.00%) PowerApps
2 1 (20.00%) Figma
2 1 (20.00%) Miro
Communications & Networking
1 1 (20.00%) Cisco ISE
1 1 (20.00%) Firewall
Database & Business Intelligence
1 2 (40.00%) Power BI
Development Applications
1 1 (20.00%) JIRA
General
1 1 (20.00%) Finance
1 1 (20.00%) Local Government
1 1 (20.00%) Social Skills
Job Titles
1 2 (40.00%) Designer
1 2 (40.00%) Developer
1 2 (40.00%) Digital Developer
1 2 (40.00%) Product Designer
2 1 (20.00%) Analyst
2 1 (20.00%) Business Analyst
Libraries, Frameworks & Software Standards
1 2 (40.00%) YAML
Miscellaneous
1 1 (20.00%) Mobile App
1 1 (20.00%) Product Ownership
Operating Systems
1 1 (20.00%) Android
Processes & Methodologies
1 2 (40.00%) Agile
1 2 (40.00%) Data Science
1 2 (40.00%) Infrastructure as Code
1 2 (40.00%) Infrastructure Automation
1 2 (40.00%) Interaction Design
1 2 (40.00%) User Experience
1 2 (40.00%) User-Centered Design (UCD)
2 1 (20.00%) API Integration
2 1 (20.00%) Content Strategy
2 1 (20.00%) Decision-Making
2 1 (20.00%) Front End Development
2 1 (20.00%) Iconography
2 1 (20.00%) Journey Map
2 1 (20.00%) Product Vision
2 1 (20.00%) Server Management
2 1 (20.00%) Service Design
2 1 (20.00%) Typography
2 1 (20.00%) User Research
2 1 (20.00%) UX Research
2 1 (20.00%) Workshop Facilitation
Programming Languages
1 2 (40.00%) Bicep
1 2 (40.00%) PowerShell
1 2 (40.00%) Python
2 1 (20.00%) SQL
Vendors
1 2 (40.00%) Microsoft
2 1 (20.00%) Cisco
2 1 (20.00%) Planview
2 1 (20.00%) Salesforce
2 1 (20.00%) Sybase