FMEA Contracts

Failure Mode and Effects Analysis (FMEA)
UK

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

6 months to
2 Jun 2024
Same period 2023 Same period 2022
Rank 564 676 768
Rank change year-on-year +112 +92 -69
Contract jobs citing FMEA 15 8 73
As % of all contract jobs advertised in the UK 0.035% 0.014% 0.083%
As % of the Processes & Methodologies category 0.041% 0.016% 0.092%
Number of daily rates quoted 1 5 55
10th Percentile - £428 £389
25th Percentile £325 - £432
Median daily rate (50th Percentile) £350 £450 £500
Median % change year-on-year -22.22% -10.00% -2.91%
75th Percentile £375 £488 £518
90th Percentile - - £534
UK excluding London median daily rate £350 £450 £500
% change year-on-year -22.22% -10.00% -3.10%
Number of hourly rates quoted 11 3 1
10th Percentile £35.52 £47.00 -
25th Percentile £35.59 £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 - £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 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 36,816 50,571 79,556
As % of all contract IT jobs advertised in the UK 85.44% 89.70% 90.62%
Number of daily rates quoted 23,638 35,025 55,934
10th Percentile £300 £325 £348
25th Percentile £413 £438 £433
Median daily rate (50th Percentile) £525 £550 £538
Median % change year-on-year -4.55% +2.33% +7.50%
75th Percentile £638 £650 £644
90th Percentile £750 £750 £738
UK excluding London median daily rate £500 £500 £488
% change year-on-year - +2.56% +8.33%
Number of hourly rates quoted 2,533 1,671 1,865
10th Percentile £12.75 £10.63 £12.50
25th Percentile £16.00 £15.57 £15.63
Median hourly rate £36.50 £36.00 £25.68
Median % change year-on-year +1.39% +40.19% +9.70%
75th Percentile £60.75 £65.00 £50.00
90th Percentile £72.50 £75.00 £65.00
UK excluding London median hourly rate £38.12 £35.00 £20.00
% change year-on-year +8.91% +75.00% -4.88%

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 2 June 2024.

Hourly rate histogram for FMEA in the UK

FMEA
Top 8 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 2 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 +104 15 £350 -22.22% 109
UK excluding London +56 15 £350 -22.22% 116
East of England +14 7 £350 - 9
North West - 5 - - 12
North of England - 5 - - 24
Work from Home +109 4 - - 17
Midlands +26 3 - - 47
West Midlands - 3 - - 36

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 (33.33%) Microsoft Excel
1 5 (33.33%) Microsoft PowerPoint
1 5 (33.33%) Microsoft Project
2 4 (26.67%) Simulink
3 3 (20.00%) Stateflow
Business Applications
1 2 (13.33%) Teamcenter
Cloud Services
1 5 (33.33%) Power Platform
Database & Business Intelligence
1 5 (33.33%) Power BI
Development Applications
1 1 (6.67%) ClearCase
1 1 (6.67%) Git
General
1 9 (60.00%) Manufacturing
2 5 (33.33%) Analytical Skills
3 4 (26.67%) Automotive
3 4 (26.67%) Social Skills
4 2 (13.33%) Finance
4 2 (13.33%) Military
Job Titles
1 6 (40.00%) Senior
2 5 (33.33%) Manufacturing Engineer
2 5 (33.33%) Support Engineer
3 4 (26.67%) Embedded Engineer
4 3 (20.00%) Embedded Software Engineer
4 3 (20.00%) IT Engineer
4 3 (20.00%) IT Support
4 3 (20.00%) IT Support Engineer
4 3 (20.00%) Software Engineer
4 3 (20.00%) Test Engineer
5 2 (13.33%) Applications Engineer
5 2 (13.33%) Senior Embedded Engineer
5 2 (13.33%) Senior Embedded Software Engineer
5 2 (13.33%) Senior Software Engineer
5 2 (13.33%) Systems Engineer
6 1 (6.67%) Integration Engineer
6 1 (6.67%) RAMS Engineer
6 1 (6.67%) Systems Integration Engineer
6 1 (6.67%) Systems Test Engineer
6 1 (6.67%) Test and Integration Engineer
Miscellaneous
1 5 (33.33%) Life Science
2 4 (26.67%) Self-Motivation
3 3 (20.00%) Algorithms
4 2 (13.33%) Driving Licence
Processes & Methodologies
1 11 (73.33%) Validation
2 8 (53.33%) Problem-Solving
2 8 (53.33%) Project Management
3 5 (33.33%) Analytics
3 5 (33.33%) Business Intelligence
3 5 (33.33%) Continuous Improvement
3 5 (33.33%) Data Analytics
3 5 (33.33%) Data Extraction
3 5 (33.33%) Process Improvement
3 5 (33.33%) Smart Manufacturing
3 5 (33.33%) Test Scripting
4 4 (26.67%) Systems Engineering
5 3 (20.00%) Software Engineering
6 2 (13.33%) 3D Modelling
6 2 (13.33%) CAD
6 2 (13.33%) CAE
6 2 (13.33%) Knowledge Management
6 2 (13.33%) Logistics
6 2 (13.33%) Mentoring
6 2 (13.33%) Monte Carlo Method
Programming Languages
1 5 (33.33%) MATLAB
1 5 (33.33%) SQL
2 1 (6.67%) Python
Qualifications
1 7 (46.67%) Degree
Quality Assurance & Compliance
1 5 (33.33%) GAMP
1 5 (33.33%) GxP
2 2 (13.33%) HAZOP
Systems Management
1 1 (6.67%) Functional Safety
Vendors
1 3 (20.00%) MathWorks