Algorithms
UK
The table below looks at the prevalence of the term Algorithms in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Algorithms over the 6 months to 15 May 2024 with a comparison to the same period over the previous 2 years.
| 6 months to 15 May 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 266 | 278 | 342 |
| Rank change year-on-year | +12 | +64 | -24 |
| Contract jobs citing Algorithms | 364 | 541 | 686 |
| As % of all contract jobs advertised in the UK | 0.86% | 0.95% | 0.78% |
| As % of the Miscellaneous category | 2.82% | 2.85% | 2.37% |
| Number of daily rates quoted | 229 | 341 | 433 |
| 10th Percentile | £400 | £413 | £425 |
| 25th Percentile | £475 | £500 | £540 |
| Median daily rate (50th Percentile) | £590 | £613 | £675 |
| Median % change year-on-year | -3.67% | -9.26% | +22.73% |
| 75th Percentile | £738 | £788 | £788 |
| 90th Percentile | £875 | £950 | £900 |
| UK excluding London median daily rate | £500 | £545 | £538 |
| % change year-on-year | -8.17% | +1.21% | +13.26% |
| Number of hourly rates quoted | 55 | 25 | 28 |
| 10th Percentile | £33.56 | £19.00 | £19.20 |
| 25th Percentile | £47.38 | £20.47 | £21.00 |
| Median hourly rate | £55.00 | £22.00 | £45.25 |
| Median % change year-on-year | +150.00% | -51.38% | +6.47% |
| 75th Percentile | £58.75 | £57.76 | £55.16 |
| 90th Percentile | £65.00 | £75.00 | £58.53 |
| UK excluding London median hourly rate | £55.00 | £22.00 | £45.00 |
| % change year-on-year | +150.00% | -51.11% | - |
All Generic Skills
UK
Algorithms is in the General and Transferable Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for generic IT skills.
| Contract vacancies with a requirement for generic IT skills | 12,885 | 18,988 | 28,967 |
| As % of all contract IT jobs advertised in the UK | 30.28% | 33.25% | 33.12% |
| Number of daily rates quoted | 8,301 | 13,052 | 20,257 |
| 10th Percentile | £269 | £313 | £313 |
| 25th Percentile | £413 | £450 | £438 |
| Median daily rate (50th Percentile) | £545 | £550 | £550 |
| Median % change year-on-year | -0.91% | - | +10.00% |
| 75th Percentile | £674 | £676 | £660 |
| 90th Percentile | £800 | £800 | £763 |
| UK excluding London median daily rate | £500 | £500 | £475 |
| % change year-on-year | - | +5.26% | +9.83% |
| Number of hourly rates quoted | 890 | 627 | 724 |
| 10th Percentile | £12.25 | £9.80 | £14.25 |
| 25th Percentile | £15.14 | £10.63 | £17.23 |
| Median hourly rate | £31.25 | £22.49 | £27.50 |
| Median % change year-on-year | +38.98% | -18.24% | +4.05% |
| 75th Percentile | £61.30 | £63.75 | £50.00 |
| 90th Percentile | £70.00 | £75.00 | £66.00 |
| UK excluding London median hourly rate | £28.50 | £22.00 | £21.04 |
| % change year-on-year | +29.55% | +4.56% | -12.33% |
Algorithms
Job Vacancy Trend
Job postings citing Algorithms as a proportion of all IT jobs advertised.
Algorithms
Contractor Daily Rate Trend
3-month moving average daily rate quoted in jobs citing Algorithms.
Algorithms
Daily Rate Histogram
Daily rate distribution for jobs citing Algorithms over the 6 months to 15 May 2024.
Algorithms
Contractor Hourly Rate Trend
3-month moving average hourly rates quoted in jobs citing Algorithms.
Algorithms
Hourly Rate Histogram
Hourly rate distribution of jobs citing Algorithms over the 6 months to 15 May 2024.
Algorithms
Top 14 Contract Locations
The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Algorithms within the UK over the 6 months to 15 May 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 | +18 | 331 | £598 | -0.42% | 484 |
| London | +39 | 217 | £650 | -7.14% | 226 |
| Work from Home | +73 | 137 | £675 | +10.20% | 236 |
| UK excluding London | -8 | 108 | £500 | -8.17% | 264 |
| North of England | +20 | 26 | £475 | -12.76% | 45 |
| Midlands | +44 | 19 | £550 | - | 36 |
| South West | +9 | 19 | £450 | -10.00% | 29 |
| West Midlands | +31 | 18 | £550 | -2.22% | 34 |
| East of England | +7 | 18 | £375 | -23.08% | 44 |
| South East | -15 | 16 | £600 | +4.35% | 93 |
| North West | +15 | 14 | £525 | +0.48% | 28 |
| Yorkshire | +25 | 12 | £400 | -30.43% | 14 |
| Scotland | +25 | 10 | £475 | -36.67% | 15 |
| East Midlands | +15 | 1 | - | - | 2 |
Algorithms
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:
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