With advertised salaries for new roles increasing by 1.2% in June, it’s clear that businesses across the UK were feeling confident last month. What’s more, some of the nation’s key industries also saw impressive hikes in pay. That’s according to the latest statistics from CV-Library, the UK’s leading independent job site.
The report, which compared job market data from June 2018, with that of the same period in 2017, revealed that the job market is thriving right now, with some of the nation’s key sectors offering competitive salaries. In fact, the top industries for a pay increase include:
- Legal – pay up by 13.1%
- Catering – pay up by 9.9%
- Marketing – pay up by 8.3%
- Sales – pay up by 4.9%
- Automotive – pay up by 3.9%
- Recruitment – pay up by 3%
- IT – pay up by 2.5%
- Accounting – pay up by 2.3%
- Engineering – pay up by 1.6%
- Manufacturing – pay up by 1.2%
Lee Biggins, founder and managing director of CV-Library, comments: “We typically see recruitment slowing down over summer months, but these hikes in pay suggest that businesses are continuing to push hard to attract talented candidates into their roles. What’s more, some of the UK’s key industries are thriving right now, which is great news for both companies and job hunters across the nation.”
Furthermore, the data found that job vacancies also rose last month, increasing by 5.9% year-on-year. While this further proves that businesses are ramping up their recruitment efforts this summer, unfortunately application rates weren’t quite keeping pace with employer demand. The top five industries for job growth in June, include:
- Hospitality – jobs up by 34.8%
- Agriculture – jobs up by 25.6%
- Legal – jobs up by 17.6%
- IT – jobs up by 15.9%
- Education – jobs up by 11.3%
Biggins concludes: “It’s clear from the data that organisations were remaining very active in their recruitment efforts last month. With June marking two years since the Brexit vote, it’s positive to see that businesses are still pulling out all the stops to secure talented new recruits and continue driving the economy forward.
“That said, applications were not keeping pace last month, suggesting that job hunters are still feeling uncertain, even two years down the line. What’s more, our overall happiness tends to increase during the summer months, particularly given the spate of nice weather we’ve been having recently, so it’s not surprising to see that candidate appetite has taken a knock.
“Despite this, companies across the UK need to keep working hard if they hope to see applications picking back up in the coming months.”
If you’re looking for new recruits, browse through our CV database, or post your job vacancies on CV-Library right now.
