Average salaries growing - report

WAGE BOOST: Adzuna says workers' average salary growth doubled in June

WAGE BOOST: Adzuna says workers' average salary growth doubled in June

First published in Business News

WORKERS’ average salary growth doubled in June, suggesting the labour market recovery is picking up speed, a survey has said.

A UK job market report from Adzuna says advertised salaries increased to £32,933 last month, growing 1.7 per cent between May and June.

The rise was more than double the rate of growth witnessed between April and May, which stood at 0.6 per cent, and was the third consecutive month of rising advertised salaries.

The survey also revealed the amount of available vacancies is also increasing, with the 839,950 advertised positions in June more than 20 per cent higher than a year ago.

On a monthly basis, vacancies lifted 2.6 per cent, helping push the unemployment rate down to 6.5 per cent.

Andrew Hunter, co-founder of Adzuna, said: “Greater economic certainty is finally filtering through into a pick-up in salaries.

“Employers are boosting wages as top talent becomes harder to source, hoping that by supplementing salaries they will attract the best staff.

“At the same time, the pace of job creation is pulling ahead of the number of workers looking to change jobs.

“Competition for jobs is falling as a result.

“The post-recession era of tough rivalry between job hunters is drawing to a close, as the power switches into the hands of those looking to move, rather than those looking to hire.”

Comments (1)

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11:59am Tue 29 Jul 14

Libertarian Party (North) says...

All very wonderful, but salaries offered in advertisements are a very poor indicator of what salaries were actually achieved, especially for Public Sector jobs, which are usually advertised at the highest rate in a pay grade, which recruits rarely achieve, because rates are largely dictated by seniority of service, not merit.

Furthermore, it excludes the 260,000 unemployed prople in the North East for whom there are not nearly enough vacancies, with hundreds applying for most vacancies. They recieved approximately £1 per week increase in the past year.
All very wonderful, but salaries offered in advertisements are a very poor indicator of what salaries were actually achieved, especially for Public Sector jobs, which are usually advertised at the highest rate in a pay grade, which recruits rarely achieve, because rates are largely dictated by seniority of service, not merit. Furthermore, it excludes the 260,000 unemployed prople in the North East for whom there are not nearly enough vacancies, with hundreds applying for most vacancies. They recieved approximately £1 per week increase in the past year. Libertarian Party (North)
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