FMEA Contracts

Failure Mode and Effects Analysis (FMEA)
UK

The table below provides summary statistics for contract job vacancies requiring FMEA skills. It includes a benchmarking guide to the contractor rates offered in vacancies that cited FMEA over the 6 months leading up to 12 June 2024, comparing them to the same period in the previous two years.

6 months to
12 Jun 2024
Same period 2023 Same period 2022
Rank 567 689 772
Rank change year-on-year +122 +83 -68
Contract jobs citing FMEA 17 8 76
As % of all contract jobs advertised in the UK 0.039% 0.014% 0.087%
As % of the Processes & Methodologies category 0.046% 0.016% 0.096%
Number of daily rates quoted 1 5 58
10th Percentile - £428 £393
25th Percentile £325 - £432
Median daily rate (50th Percentile) £350 £450 £500
Median % change year-on-year -22.22% -10.00% -3.29%
75th Percentile £375 £488 £518
90th Percentile - - £549
UK excluding London median daily rate £350 £450 £500
% change year-on-year -22.22% -10.00% -3.10%
Number of hourly rates quoted 12 3 1
10th Percentile £35.52 £47.00 -
25th Percentile £35.62 £48.13 -
Median hourly rate £42.50 £50.00 £75.00
Median % change year-on-year -15.00% -33.33% +41.51%
75th Percentile £43.75 £54.38 -
90th Percentile £47.58 £57.00 -
UK excluding London median hourly rate £42.50 £50.00 £75.00
% change year-on-year -15.00% -33.33% +41.51%

All Process and Methodology Skills
UK

FMEA 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 37,178 49,770 79,013
As % of all contract IT jobs advertised in the UK 85.13% 89.61% 90.64%
Number of daily rates quoted 23,737 34,458 55,587
10th Percentile £300 £325 £350
25th Percentile £413 £438 £436
Median daily rate (50th Percentile) £525 £550 £538
Median % change year-on-year -4.55% +2.33% +7.50%
75th Percentile £638 £650 £650
90th Percentile £750 £750 £743
UK excluding London median daily rate £500 £500 £490
% change year-on-year - +2.04% +8.89%
Number of hourly rates quoted 2,579 1,678 1,852
10th Percentile £12.75 £10.96 £12.50
25th Percentile £16.00 £15.75 £15.90
Median hourly rate £37.00 £35.65 £26.00
Median % change year-on-year +3.79% +37.12% +13.04%
75th Percentile £61.28 £65.00 £50.15
90th Percentile £72.50 £75.00 £65.25
UK excluding London median hourly rate £38.12 £34.90 £21.00
% change year-on-year +9.23% +66.18% -

FMEA
Job Vacancy Trend

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

Job vacancy trend for FMEA in the UK

FMEA
Contractor Daily Rate Trend

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

Daily rate trend for FMEA in the UK

FMEA
Contractor Hourly Rate Trend

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

Hourly rate trend for FMEA in the UK

FMEA
Hourly Rate Histogram

Hourly rate distribution of jobs citing FMEA over the 6 months to 12 June 2024.

Hourly rate histogram for FMEA in the UK

FMEA
Top 9 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing FMEA within the UK over the 6 months to 12 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 +95 17 £350 -22.22% 118
UK excluding London +38 17 £350 -22.22% 115
East of England +11 7 £350 - 8
North of England - 5 - - 27
North West - 5 - - 14
Work from Home +115 4 - - 23
Midlands +19 4 - - 42
West Midlands - 4 - - 31
South East +14 1 - - 24

FMEA
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:

Applications
1 5 (29.41%) Microsoft Excel
1 5 (29.41%) Microsoft PowerPoint
1 5 (29.41%) Microsoft Project
2 4 (23.53%) Simulink
3 3 (17.65%) Stateflow
4 1 (5.88%) Siemens NX
Business Applications
1 2 (11.76%) Teamcenter
Cloud Services
1 5 (29.41%) Power Platform
Database & Business Intelligence
1 5 (29.41%) Power BI
Development Applications
1 1 (5.88%) ClearCase
1 1 (5.88%) Git
General
1 10 (58.82%) Manufacturing
2 5 (29.41%) Analytical Skills
2 5 (29.41%) Social Skills
3 4 (23.53%) Automotive
4 2 (11.76%) Finance
4 2 (11.76%) Military
Job Titles
1 6 (35.29%) Manufacturing Engineer
1 6 (35.29%) Senior
2 5 (29.41%) Support Engineer
3 4 (23.53%) Embedded Engineer
4 3 (17.65%) Embedded Software Engineer
4 3 (17.65%) IT Engineer
4 3 (17.65%) IT Support
4 3 (17.65%) IT Support Engineer
4 3 (17.65%) Software Engineer
4 3 (17.65%) Test Engineer
5 2 (11.76%) Applications Engineer
5 2 (11.76%) Senior Embedded Engineer
5 2 (11.76%) Senior Embedded Software Engineer
5 2 (11.76%) Senior Software Engineer
5 2 (11.76%) Systems Engineer
6 1 (5.88%) Integration Engineer
6 1 (5.88%) Lead
6 1 (5.88%) RAMS Engineer
6 1 (5.88%) Systems Test Engineer
6 1 (5.88%) Test and Integration Engineer
Miscellaneous
1 5 (29.41%) Life Science
1 5 (29.41%) Self-Motivation
2 3 (17.65%) Algorithms
3 2 (11.76%) Driving Licence
Processes & Methodologies
1 11 (64.71%) Validation
2 9 (52.94%) Problem-Solving
3 8 (47.06%) Project Management
4 6 (35.29%) Continuous Improvement
5 5 (29.41%) Analytics
5 5 (29.41%) Business Intelligence
5 5 (29.41%) Data Analytics
5 5 (29.41%) Data Extraction
5 5 (29.41%) Process Improvement
5 5 (29.41%) Smart Manufacturing
5 5 (29.41%) Systems Engineering
5 5 (29.41%) Test Scripting
6 3 (17.65%) CAD
6 3 (17.65%) Critical Thinking
6 3 (17.65%) Knowledge Management
6 3 (17.65%) Logistics
6 3 (17.65%) Monte Carlo Method
6 3 (17.65%) Software Engineering
6 3 (17.65%) Technical Leadership
6 3 (17.65%) Workshop Facilitation
Programming Languages
1 5 (29.41%) MATLAB
1 5 (29.41%) SQL
2 1 (5.88%) Python
Qualifications
1 8 (47.06%) Degree
2 1 (5.88%) DV Cleared
2 1 (5.88%) SC Cleared
2 1 (5.88%) Security Cleared
Quality Assurance & Compliance
1 5 (29.41%) GAMP
1 5 (29.41%) GxP
2 3 (17.65%) HAZOP
Systems Management
1 1 (5.88%) Functional Safety
Vendors
1 3 (17.65%) MathWorks