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UK – Average salaries rise 6.6% in September

04 October 2018

Salaries across the UK reported an increase of 6.6% in September, when compared with data from the same period in 2017, according to the latest data from job site CV-Library.

The average salary increased from £32,337 in September 2017, to £34,461 in September 2018. What’s more, this hike in pay means that the average salary for Brits is the highest it’s been since January 2017.

A number of the nation’s key industries also witnessed jumps in pay last month, with many outpacing the national average growth. Below are the top ten industries that reported an increase in advertised salaries in September: 

Industry Increase in pay (Sept. 2018 Vs Sept 2017) Average salary September 2018
     
Marketing Salaries up by 33.2% £43,560
Charity Salaries up by 24.7% £31,540
Legal Salaries up by 10% £33,280
Sales Salaries up by 9% £32,660
Accounting Salaries up by 8.8% £34,660
Recruitment Salaries up by 5.4% £30,060
Catering Salaries up by 4.7% £24,870
IT Salaries up by 3.3% £44,090
Agriculture Salaries up by 2.8% £32,880
Education Salaries up by 2.6% £29,030

“The hike in salaries is extremely positive and is largely down to the fact that businesses are recognising the need to make every effort to attract talented candidates to their roles,” Lee Biggins, founder and managing director of CV-Library, said.

“Not only were salaries on the rise last month, but job vacancies also saw an increase in September, jumping by 5.1% when comparing year-on-year data. This increase in activity appeared to awaken candidate appetite, with CV registrations increasing by 5% during the same period.”

“Organisations are continuing to advertise their jobs and while this could suggest that many are feeling confident about their hiring efforts, it also hints at the fact that many vacancies are being left unfilled due to ongoing skills shortages.

Separately, data from Adzuna found that average advertised pay increased by 4.7% in September to £33,470 since a year ago across the UK, but has fallen slightly in the past four months.

Adzuna also found that there were 1.1 million job vacancies in September, down by 0.5% over the previous month and 5.5% since a year ago.

"Brexit uncertainty is hitting business confidence and this can clearly be seen in hiring patterns and advertised salaries across the country,” Andrew Hunter, co-founder of Adzuna, said.