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UK – Average salaries up 1% in June

06 July 2017

Average salaries in the UK saw a steady increase last month, rising by 1.3% when compared with data from June 2016, according to the latest statistics from job board CV-Library.

The data found that many cities across the UK also saw an increase in pay in June, when comparing year-on-year data. When comparing June 2017 data with June 2016, the cities which saw strongest salary growth were Sheffield (11.3%) and Cardiff (10.9%).

Meanwhile key industries also saw a year-on-year rise in salaries with the hospitality (15.2%) and administration (8.5%) sectors seeing the biggest increases.

“We are now one year on from the EU Referendum, and with post-election uncertainty still looming, it is very positive to see that salaries are continuing to rise at a steady rate, across the UK,” Lee Biggins, founder and managing director of CV-Library, said. “Many key cities and sectors have seen positive growth, indicating that businesses across the nation are still working hard to attract talented candidates to their vacancies, despite these unpredictable times.” 

Findings also revealed that businesses are remaining optimistic about their hiring plans, as job vacancies increased by 4.4% year-on-year. Among the cities, Glasgow, Brighton and Manchester increasing by 24.1%, 19.5% and 17.5% respectively.

Despite the growth in salary and job vacancies, candidate application rates saw an 11.6% drop when compared with June 2016.

“While it’s great to see that businesses have not cut down their hiring plans, it’s clear that there is still a lot of uncertainty across the nation and therefore, unsurprising that application rates have taken a dip,” Biggins said. “The onus is now on organisations to continue to work hard to offer attractive packages and entice individuals into their roles. While candidate appetite does tend to drop in the summer months, as the dust settles post-election we hope to see application rates pick back up.”