Class of 2015 have 16% more jobs to choose from than last year
There were 15,825 graduate-specific advertised vacancies in May 2015, up 16.3% on the 13,610 available a year ago.
This has contributed to the simultaneous rise in the total number of advertised positions across the UK. Last month saw 1,058,425 available advertised positions, 2.4% above the 1,033,435 recorded in April and 29.3% above the 818,471 recorded in May 2014.
But the boom in entry level roles, combined with more lower-paid and part-time positions, also helped push down advertised salaries to a ten-month low. May saw advertised salaries fall 0.8% month-on-month to £34,002, following on from dips of 0.7% in April and 0.3% in March in the third consecutive month of average advertised salary reductions. Compared to the average of £34,549 six months before, May’s advertised salaries were 1.6% lower on average.
In a significant post-recession shift, workers may currently be better off staying in their positions and negotiating a pay-rise, rather than switching companies. While Adzuna data on advertised salaries is showing stagnation, the most recent ONS Labour Market Statistics report increasing wage packets – suggesting that companies are spending more on their existing employees and less on attracting experienced workers.