Advertised salaries up over 6% in past nine weeks
Despite a 59% drop in vacancies this week, advertised salaries in the nine weeks from 9th March have increased by 6.45%, according to Adzuna.co.uk. This takes the average advertised salary up to £36,419 from £34,211.
Ambulance workers have seen the largest rise in salary, up 16.9% on a year ago to £33,001. Teaching jobs have also seen salaries rise, up 6% on last year to £32,756. For the logistics and warehouse sector, salaries have risen 8.8% year-on-year to £28,968. The sector, however, has seen a decrease in demand in recent months, with vacancies down 66%. Engineering wages have also risen, up 5.4% to £41,041.
Pay increases varied across different parts of the UK, with the North of England witnessing the biggest wage rise of 11.7%. This was followed by the South East at 9.2% and Northern Ireland at 9.2%.
Andrew Hunter, co-founder of Adzuna, commented, “Salary growth shows the job market is moving in the right direction during this uncertain time, but the headline figures mask an uneven picture. There are several reasons which could lead to such a notable spike in salaries in such a short period of time. The change of vacancies in the wake of coronavirus has seen jobs lower end of the pay scale, such as hospitality and retail drop off significantly, while white-collar jobs have been easier to maintain with the flexibility of home working. This is likely to cause a spike in average advertised salaries. The downfall of jobs and changes in working conditions could also lead employers to increase salaries to attract the right staff to fill important roles and to help tackle the crisis with resources at a minimum.”
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