As many UK businesses vie to attract the best candidates, offering bumper pay packets is clearly a strategy that is being taken, with new data from CV-Library, the UK’s leading independent job board, revealing that key locations across the nation saw standout increases in salary offerings last month.
The findings, which compared April 2017 job market trends with April 2016, suggest that employers across the UK are offering higher salaries in a bid to incentivise eager job hunters. In fact, for candidates that are looking to boost their pay cheque this month, the latest data from CV-Library reveals that the top UK locations for pay rises right now are:
- Bristol – Salaries rose by 7.6%
- Wales – Salaries rose by 6.1%
- Guildford – Salaries rose by 5.7%
- Edinburgh – Salaries rose by 5.0%
- Sheffield – Salaries rose by 4.2%
- Birmingham – Salaries rose by 3.7%
- Leeds – Salaries rose by 2.3%
- Scotland – Salaries rose by 2%
- Cardiff – Salaries rose by 1.4%
- Manchester – Salaries rose by 1.4%
Interestingly, London missed out on the top 10, with the city recording a fairly incremental 0.1% increase in wages year-on-year.
Lee Biggins, founder and managing director of CV-Library, comments: “It’s very promising to see that some of the UK’s top locations experienced positive pay rises last month. Clearly, the competition to secure the best candidates is showing no signs of letting up, with companies looking to bolster their ranks with the top talent. Increasing advertised salaries on job postings is just one of the approaches that companies are taking to attract candidates, which is great news for job hunters out their looking for their next opportunity.”
Despite these positive increases in some of the UK’s top locations, total average salaries across the country only saw a 0.2% increase year-on-year, highlighting the fact that these uplifts were not enjoyed nationwide. Indeed, some areas, such as Portsmouth, Southampton and Glasgow actually experienced a negative impact to advertised salaries, dropping by 11.9%, 9.3% and 8.9%, respectively.
Biggins continues: “Whilst salary growth in these top locations hasn’t been replicated across the UK as a whole, we are hopeful that the desire for new recruits will drive companies throughout the country to offer larger salaries. In doing this, businesses will be able to attract further prospective employees into their recruitment process, providing them with the best possible collection of candidates to choose from when it comes to hiring.”
Learn more about CV-Library at www.cv-library.co.uk
