Top postcodes for pay rise potential

New data from CV-Library, the UK’s leading independent job board, reveals that not only is pay growth strong across the nation, but that the standout increases in salary offerings vary noticeably from location to location.

As many UK businesses vie to attract the best candidates, the findings suggest that, in comparison to job market trends in the same period last year, employers are incentivising eager job hunters with higher salaries. And those incentives vary from region to region.

In fact, the data puts Bristol at No.1, with salaries rising on average by 7.6%, and positions Manchester at No.10 with an increase of 1.4%.

Perhaps most surprisingly, London doesn’t make the top ten at all, with the city recording an incremental 0.1% increase in wages, year-on-year.

Also highlighting the fact that these uplifts were not nationwide, total average salaries across the country only saw a 0.2% increase year-on-year. Indeed, some areas, such as Portsmouth, Southampton and Glasgow actually experienced a negative impact to advertised salaries, dropping by 11.9%, 9.3% and 8.9%, respectively.

The top locations across the UK by pay rise potential are:

1. Bristol – Salaries rose by 7.6%
2. Wales – Salaries rose by 6.1%
3. Guildford – Salaries rose by 5.7%
4. Edinburgh – Salaries rose by 5.0%
5. Sheffield – Salaries rose by 4.2%
6. Birmingham – Salaries rose by 3.7%
7. Leeds – Salaries rose by 2.3%
8. Scotland – Salaries rose by 2%
9. Cardiff – Salaries rose by 1.4%
10. Manchester – Salaries rose by 1.4%

Lee Biggins, founder and managing director of CV-Library, comments: “It’s very promising to see that some of the UK’s top locations experienced positive pay rises last month. Clearly, the competition to secure the best candidates is showing no signs of letting up, with companies looking to bolster their ranks with the top talent. Increasing advertised salaries on job postings is just one of the approaches that companies are taking to attract candidates, which is great news for job hunters out their looking for their next opportunity.

“Whilst salary growth in these top locations hasn’t been replicated across the UK as a whole, we are hopeful that the desire for new recruits will drive companies throughout the country to offer larger salaries. In doing this, businesses will be able to attract further prospective employees into their recruitment process, providing them with the best possible collection of candidates to choose from when it comes to hiring.” 

Thursday, 4 May 2017

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Top postcodes for pay rise potential