Straight-Through Processing Contracts

Straight-Through Processing
UK

The following table provides summary statistics for contract job vacancies with a requirement for Straight-Through Processing skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Straight-Through Processing 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 576 672 830
Rank change year-on-year +96 +158 -121
Contract jobs citing Straight-Through Processing 3 12 11
As % of all contract jobs advertised in the UK 0.007% 0.021% 0.013%
As % of the Processes & Methodologies category 0.008% 0.024% 0.014%
Number of daily rates quoted 2 11 11
10th Percentile £554 £489 £650
25th Percentile £597 £520 £663
Median daily rate (50th Percentile) £688 £700 £700
Median % change year-on-year -1.79% - +7.69%
75th Percentile £772 - £831
90th Percentile £811 - £850
UK excluding London median daily rate - £463 -

All Process and Methodology Skills
UK

Straight-Through Processing 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%

Straight-Through Processing
Job Vacancy Trend

Job postings citing Straight-Through Processing as a proportion of all IT jobs advertised.

Job vacancy trend for Straight-Through Processing in the UK

Straight-Through Processing
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Straight-Through Processing.

Daily rate trend for Straight-Through Processing in the UK

Straight-Through Processing
Daily Rate Histogram

Daily rate distribution for jobs citing Straight-Through Processing over the 6 months to 2 June 2024.

Daily rate histogram for Straight-Through Processing in the UK

Straight-Through Processing
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Straight-Through Processing.

Hourly rate trend for Straight-Through Processing in the UK

Straight-Through Processing
Top 2 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Straight-Through Processing 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
London +92 3 £688 -1.79% 4
England +89 3 £688 -1.79% 5

Straight-Through Processing
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 1 (33.33%) Endur
Cloud Services
1 2 (66.67%) Apple Pay
1 2 (66.67%) Google Pay
Database & Business Intelligence
1 1 (33.33%) SQL Server
General
1 2 (66.67%) Banking
1 2 (66.67%) Finance
1 2 (66.67%) Retail
2 1 (33.33%) Analytical Skills
2 1 (33.33%) Back Office
Job Titles
1 2 (66.67%) Agile Project Manager
1 2 (66.67%) Payments Project Manager
1 2 (66.67%) Project Manager
2 1 (33.33%) Banking Project Manager
2 1 (33.33%) C# Developer
2 1 (33.33%) Developer
2 1 (33.33%) Endur Developer
2 1 (33.33%) Financial Services Project Manager
2 1 (33.33%) OpenLink Developer
2 1 (33.33%) Senior
2 1 (33.33%) Senior C# Developer
2 1 (33.33%) Senior Developer
Libraries, Frameworks & Software Standards
1 1 (33.33%) .NET
1 1 (33.33%) Blazor
Miscellaneous
1 1 (33.33%) Foreign Exchange (FX)
Processes & Methodologies
1 2 (66.67%) Agile
1 2 (66.67%) Business Case
1 2 (66.67%) Contract Negotiation
1 2 (66.67%) Decision-Making
1 2 (66.67%) PRINCE2
2 1 (33.33%) CI/CD
2 1 (33.33%) DevOps
2 1 (33.33%) Risk Management
Programming Languages
1 1 (33.33%) C#
1 1 (33.33%) PL/SQL
1 1 (33.33%) SQL
1 1 (33.33%) T-SQL
Qualifications
1 2 (66.67%) Degree
1 2 (66.67%) PMI Certification
1 2 (66.67%) PMP
Vendors
1 2 (66.67%) Apple
1 2 (66.67%) Google
2 1 (33.33%) Microsoft
2 1 (33.33%) OpenLink
2 1 (33.33%) Oracle