IFRS 9 Contracts with Work from Home Options

IFRS 9 Financial Instruments
UK > Work from Home

The table below provides summary statistics for contract job vacancies with an option to work from home (WFH) and a requirement for IFRS 9 skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited IFRS 9 over the 6 months to 20 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
20 May 2024
Same period 2023 Same period 2022
Rank 334 451 612
Rank change year-on-year +117 +161 -128
Contract jobs citing IFRS 9 7 4 7
As % of all contract jobs with a WFH option 0.048% 0.016% 0.016%
As % of the Quality Assurance & Compliance category 0.33% 0.13% 0.12%
Number of daily rates quoted 6 0 2
10th Percentile £473 - £463
25th Percentile £563 - £521
Median daily rate (50th Percentile) £588 - £634
Median % change year-on-year - - +1.40%
75th Percentile £600 - £738
90th Percentile - - £791
UK median daily rate £600 £600 £613
% change year-on-year - -2.04% -7.55%

All Quality Assurance and Compliance Skills
Work from Home

IFRS 9 is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a WFH option and a requirement for quality assurance or compliance skills.

Contract vacancies with a requirement for quality assurance or compliance skills 2,117 3,016 5,913
As % of all contract jobs with a WFH option 14.38% 12.17% 13.30%
Number of daily rates quoted 1,469 2,193 4,206
10th Percentile £305 £325 £313
25th Percentile £415 £420 £406
Median daily rate (50th Percentile) £515 £520 £510
Median % change year-on-year -0.96% +1.96% +7.37%
75th Percentile £622 £625 £604
90th Percentile £750 £737 £700
UK median daily rate £510 £525 £515
% change year-on-year -2.86% +1.94% +8.42%
Number of hourly rates quoted 75 68 130
10th Percentile £12.75 £18.20 £11.75
25th Percentile £14.00 £23.02 £20.00
Median hourly rate £23.50 £39.60 £44.50
Median % change year-on-year -40.66% -11.01% +128.21%
75th Percentile £48.75 £60.94 £54.00
90th Percentile £65.00 £71.98 £75.00
UK median hourly rate £21.00 £35.00 £30.00
% change year-on-year -40.00% +16.67% +42.86%

IFRS 9
Trend for Jobs with a WFH Option

Job vacancies with a work from home option citing IFRS 9 as a proportion of all IT jobs advertised.

IFRS 9 trend for jobs with a WFH option

IFRS 9
Daily Rate Trend for Jobs with a WFH Option

3-month moving average daily rate quoted in job vacancies with a work from home option citing IFRS 9.

IFRS 9 daily rate for jobs with a WFH option

IFRS 9
Daily Rate Histogram for Jobs with a WFH Option

Daily rate distribution for jobs with a work from home option citing IFRS 9 over the 6 months to 20 May 2024.

IFRS 9 daily rate histogram for jobs with a WFH option

IFRS 9
Co-occurring Skills and Capabilities with WFH Options 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 3 (42.86%) SAS
General
1 4 (57.14%) Finance
2 1 (14.29%) Analytical Skills
2 1 (14.29%) Retail
2 1 (14.29%) Social Skills
Job Titles
1 4 (57.14%) Data Modeller
2 3 (42.86%) SAS Modeller
3 2 (28.57%) Credit Risk Modeller
4 1 (14.29%) Analyst
4 1 (14.29%) Business Analyst
Miscellaneous
1 6 (85.71%) Credit Risk
Processes & Methodologies
1 6 (85.71%) Stress Testing
2 5 (71.43%) Analytics
2 5 (71.43%) Data Modelling
3 3 (42.86%) Portfolio Management
3 3 (42.86%) Validation
4 2 (28.57%) Credit Risk Modelling
4 2 (28.57%) Internal Audit
5 1 (14.29%) Agile
5 1 (14.29%) Business Analysis
5 1 (14.29%) Change Management
5 1 (14.29%) Model Validation
5 1 (14.29%) Project Management
5 1 (14.29%) Quantitative Analysis
5 1 (14.29%) Regulatory Change
5 1 (14.29%) Regulatory Compliance
Programming Languages
1 3 (42.86%) SQL
Quality Assurance & Compliance
1 7 (100.00%) IFRS
2 1 (14.29%) Basel III
2 1 (14.29%) COREP
2 1 (14.29%) FINREP