Advertised job salaries fall to 11-month low
Advertised salaries have fallen to an 11-month low as workforce growth is driven by part-time and lower-paid roles. According to research undertaken by Adzuna, the average advertised UK salary was £33,696 in June. This is down 0.9% from £34,002 in May.
Meanwhile, UK job market has seen a growth in vacancies with 1,092,030 roles advertised in June, up 3.2% from May.
While salaries are seen to be stagnating, the increase in lower paid and part-time roles also contributes to this growth. However, the National Living Wage (NLW) is likely to impact one in ten new workers across the UK.
Many UK care personnel are expected to benefit the most from the NLW as many are on zero-hour contracts or paid minimum wage. However, several employers, such as IKEA, are planning to pay above and beyond the NLW to give themselves a recruitment advantage and hopefully attract the best of retail applicants.
Other sectors across the UK which are at the lower end of the pay scale include teaching and education, admin, IT and warehouse.
Competition for jobs within the UK is also declining in many cities, with Sunderland, Hull and Bradford being cited as the top three worst cities to find a job while Cambridge, Guildford and Reading take the top spots.
Suzanne Sherriff is a Commercial Team Leader in our Temporary Division. With ten years recruitment experience, she works across several industries with temporary, contract and interim positions. She thinks that the decreased competition and the increased job growth may be a sign of greater mobility.
Suzanne says “As more and more vacancies open up, employees have the confidence to leave their current job, even for a temporary position, to assist in their efforts to finding a new long term role. It means there is a healthy bank of candidates available for work in both temporary and permanent roles.”