GAAP Contracts

Generally Accepted Accounting Principles (GAAP)
UK

The following table provides summary statistics for contract job vacancies with a requirement for GAAP skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited GAAP over the 6 months to 9 June 2024 with a comparison to the same period in the previous 2 years.

6 months to
9 Jun 2024
Same period 2023 Same period 2022
Rank 567 670 828
Rank change year-on-year +103 +158 -109
Contract jobs citing GAAP 35 25 28
As % of all contract jobs advertised in the UK 0.081% 0.045% 0.032%
As % of the Quality Assurance & Compliance category 0.59% 0.33% 0.24%
Number of daily rates quoted 23 11 8
10th Percentile £431 £406 £455
25th Percentile - £494 £519
Median daily rate (50th Percentile) £630 £575 £725
Median % change year-on-year +9.57% -20.69% +54.67%
75th Percentile £645 £675 £888
90th Percentile £690 £700 £899
UK excluding London median daily rate - £575 £863
% change year-on-year - -33.33% +200.00%

All Quality Assurance and Compliance Skills
UK

GAAP 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 requirement for quality assurance or compliance skills.

Contract vacancies with a requirement for quality assurance or compliance skills 5,947 7,502 11,580
As % of all contract IT jobs advertised in the UK 13.73% 13.50% 13.21%
Number of daily rates quoted 3,715 5,115 7,992
10th Percentile £280 £290 £298
25th Percentile £400 £413 £406
Median daily rate (50th Percentile) £510 £525 £515
Median % change year-on-year -2.86% +1.94% +8.42%
75th Percentile £625 £644 £625
90th Percentile £750 £750 £725
UK excluding London median daily rate £475 £486 £455
% change year-on-year -2.26% +6.81% +7.06%
Number of hourly rates quoted 422 249 310
10th Percentile £11.00 £13.29 £12.30
25th Percentile £13.18 £18.93 £16.50
Median hourly rate £23.05 £38.00 £27.73
Median % change year-on-year -39.36% +37.04% +32.05%
75th Percentile £48.75 £63.75 £50.00
90th Percentile £70.00 £77.95 £68.75
UK excluding London median hourly rate £19.00 £37.50 £22.29
% change year-on-year -49.33% +68.24% +6.14%

GAAP
Job Vacancy Trend

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

Job vacancy trend for GAAP in the UK

GAAP
Contractor Daily Rate Trend

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

Daily rate trend for GAAP in the UK

GAAP
Daily Rate Histogram

Daily rate distribution for jobs citing GAAP over the 6 months to 9 June 2024.

Daily rate histogram for GAAP in the UK

GAAP
Contractor Hourly Rate Trend

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

Hourly rate trend for GAAP in the UK

GAAP
Top 5 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing GAAP within the UK over the 6 months to 9 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
England +99 25 £630 +20.00% 53
London +84 15 £630 +22.33% 34
Work from Home +117 13 £630 -3.08% 22
UK excluding London +48 9 - - 17
South East - 9 - - 9

GAAP
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:

Business Applications
1 15 (42.86%) Oracle AGIS
1 15 (42.86%) Oracle Assets
1 15 (42.86%) Oracle General Ledger
1 15 (42.86%) Oracle Payables
2 11 (31.43%) Oracle EBS
3 6 (17.14%) Oracle Receivables
4 4 (11.43%) Oracle Subledger Accounting
4 4 (11.43%) SAP CO
4 4 (11.43%) SAP FI
4 4 (11.43%) SAP FI/CO
5 2 (5.71%) Oracle Internet Expenses
Development Applications
1 3 (8.57%) JIRA
General
1 31 (88.57%) Finance
2 21 (60.00%) General Ledger
3 12 (34.29%) Analytical Skills
3 12 (34.29%) Social Skills
4 6 (17.14%) Banking
5 5 (14.29%) Telecoms
6 4 (11.43%) Back Office
7 3 (8.57%) Retail
8 2 (5.71%) Corporate Banking
9 1 (2.86%) German Language
9 1 (2.86%) Investment Banking
Job Titles
1 14 (40.00%) Analyst
2 13 (37.14%) Financial Analyst
3 11 (31.43%) Architect
3 11 (31.43%) Oracle Architect
3 11 (31.43%) Oracle Solutions Architect
3 11 (31.43%) Solutions Architect
4 5 (14.29%) Banking Analyst
5 4 (11.43%) Lead
6 3 (8.57%) Consultant
6 3 (8.57%) SAP CO Consultant
6 3 (8.57%) SAP Consultant
6 3 (8.57%) SAP FI Consultant
6 3 (8.57%) SAP FI/CO Consultant
7 1 (2.86%) Business Analyst
7 1 (2.86%) Business IT Analyst
7 1 (2.86%) Investment Banking Business Analyst
7 1 (2.86%) IT Business Analyst
7 1 (2.86%) Report Manager
7 1 (2.86%) Scrum Master
7 1 (2.86%) Senior Manager
Libraries, Frameworks & Software Standards
1 4 (11.43%) EDI
1 4 (11.43%) XML
Miscellaneous
1 4 (11.43%) Foreign Exchange (FX)
2 3 (8.57%) Derivative
2 3 (8.57%) Greenfield Project
3 2 (5.71%) Equities
3 2 (5.71%) Fixed Income
Processes & Methodologies
1 15 (42.86%) Accounts Payable
1 15 (42.86%) End-to-End Testing
1 15 (42.86%) Test Scripting
2 6 (17.14%) Accounts Receivable
3 5 (14.29%) Revenue Recognition
3 5 (14.29%) Stakeholder Engagement
4 4 (11.43%) Risk Management
5 3 (8.57%) Backlog Management
5 3 (8.57%) Business Analysis
5 3 (8.57%) Project Management
6 2 (5.71%) SDLC
7 1 (2.86%) Agile
7 1 (2.86%) Process Improvement
7 1 (2.86%) Record to Report
7 1 (2.86%) Scrum
Programming Languages
1 3 (8.57%) ABAP
Qualifications
1 9 (25.71%) ICAEW
2 3 (8.57%) SAP Certification
3 1 (2.86%) CIMA
Quality Assurance & Compliance
1 10 (28.57%) IFRS
Vendors
1 19 (54.29%) Oracle
2 7 (20.00%) Microsoft
3 4 (11.43%) Apple
3 4 (11.43%) SAP
4 1 (2.86%) CA