Developer Rates Rising
At last we can see Developer rates rising, according to the job market website ITJobsWatch.
The average rate advertised for Developers has been Â£375 a day for quite a few years now. It reached Â£425 at the peak of the boom in 2007.
It was one of the complaints of contractors in recent years, i.e. that rates were nowhere near where they used to be.
Now we can see average developer rates rising for the first time in ages.
Developer rates now average Â£400Â day. This means that they are half way back to where they were at the peak of the boom.
Number of Contracts
It’s not just contractor rates that are rising. The number of contracts advertised is rising too.
In the last 3 months the number of contracts advertised was 11,409. For the same peiod last year the number of developer contracts advertised was 11,132. The same period for the year before that was 10,957.
Of course, we are not in boom territory yet. However, both rates and the numbers of contracts advertised are now both going in the same direction.
It is starting to feel more like a good market again.
90% of Developer ads offer a rate of more than Â£275 a day. That’s up on the Â£250 a day for the last few years.
Indeed, 10% of Developer ads offer Â£550 or more. So, if you are getting that or more you are likley to be in the top 10% of Developers as regards rates.
If you take out London, the average rates offered for Developers is Â£350 a day. That’s up from Â£325 over the lst few years. So the market is getting better across the country it seems and not just in London.
It’s great to see Developer Rates rising again.
Perhaps we are on the cusp of a new boom with rising numbers of contracts and rising rates.