Comment on ONS release on earnings for the continuously employed: "Employers are making concerted efforts to hang onto their top talent"

Andrew Hunter, co-founder of Adzuna, comments: “Employers are making concerted efforts to hang onto their top talent. Those workers who were in continuous employment for 2013 and 2014 saw their earnings rise more quickly than those moving jobs or joining the workforce. In particular, workers in senior management and director roles, as well as those in professional services, saw their salaries climb significantly. It counters the argument that the best way to scale the salary ladder is to switch positions; in the current jobs market, there is value in staying put too.
 
“However, a boom in the creation of lower-paid jobs makes median earnings for the continuously employed look more favourable by comparison. And the sector which has seen most growth in continuously employed workers is the elementary sector – typically lower-paid occupations – suggesting there may be a bottle-neck of workers stuck in low-paid roles. However, it’s not all doom and gloom for those at the start of their careers. The under-30s who have been continuously employed have seen the highest growth in full-time weekly earnings of any age-group. Those that are able to get into the careers they want are being rewarded.”