UK salaries improve annually for first time since 2015


Average UK advertised salaries have posted a year-on-year increase for the first time since June 2015, according to the latest UK Job Market Report from Adzuna.

According to the figures, the 1.2% improvement in the year to November means the average advertised wage is now £32,598. However, while this represents a chink of light for jobseekers after a period of stagnant salaries, this wage growth has yet to filter through to those in existing roles.

Adzuna suggested employers may also have to consider increasing salary packages to not only attract fresh blood, but also to retain top talent.    

According to Adzuna data, London has shown one of the biggest improvements with regards to average salary, with advertised salaries up 2.2% from November 2016 to currently sit at £39,457.   However, Scotland has experienced the poorest annual salary shift year-on-year, with advertised wages in November 2017 (£29,630) 1.6% lower than 12 months previously.

Doug Monro, co-founder of Adzuna, explains: “The first increase in annual advertised salaries we’ve seen since the summer of 2015 is a timely shot in the arm for jobhunters and gives those already in work the encouragement that their pay packages may soon follow suit. If they don’t, with more than a million vacancies currently available, then disgruntled employees may soon vote with their feet and look elsewhere.”

The Adzuna jobs data shows that administrative jobs are the top performer in terms of improvements in average salary.

Doug Monro, co-founder of Adzuna, explains: “It is clear we are storming towards a paperless society and our reliance on technology is becoming ever-more dependent. However, low-skilled roles such as admin jobs are often overlooked. Rather than view administrative roles as next in line on the chopping block, they should be viewed as an opportunity to gain valuable transferable skills such as organisation and communication skills that can fast track jobseekers and employees higher up the recruitment chain.

“Secondly, admin jobs can be a useful part-time or temporary source of employment to gain additional income, given the recent pay squeeze. Reshaping perspective and retaining those in vulnerable positions within the labour market will prevent the quality of the talent pool diminishing.”

Wednesday, 3 January 2018

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UK salaries improve annually for first time since 2015
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