PAYE Umbrella contractors in the IT skills market may be intrigued by some developing trends which have come to light in the latest ITJobsWatch report. The survey shows that rates of pay for Developer roles have fallen by 6 per cent compared to the same period last year, with Developers now earning £400 per day as opposed to the £425 they secured in early 2010.
This is still a marked improvement on the £350 daily rate they managed in February 2009 but few freelancers are cheered by a decline in pay rates even so. By contrast, Business Analysts have seen their pay rates increase by the same amount – 6 per cent – on last year, taking their daily rate from £450 in 2010 to £475 today. In February 2009, the going rate for these roles was £425 per day.
Straight analyst roles have also seen a steady rise in daily pay rate through the years, growing from £375 in February 2009 to £400 in 2010 and reaching £410 today. Senior Analysts have seen the biggest leap, with daily rates surging from £440 last year to £475 now. Project Managers, too, have seen rates rise from last year’s £425 per day to this February’s £463. Senior Developers have perhaps suffered the most bruising trend – pay rates have declined from last February’s £525 per day right back to the level they were at in 2009: £450 per day.
It may be that offshore companies are picking up more developer jobs, although it’s equally possible that firms are recruiting permanent developers at present in preference to contractors. This pattern may change back in favour of contractors from umbrella companies later in the year.