Starting Salaries ‘On The Increase’

Posted on: 17 Aug 2017

If you’re looking for new print management jobs, there’s no better time to be applying for roles, or so it would seem according to recent analysis.

A survey carried out by Markit and the Recruitment & Employment Confederation (REC) found that a lack of suitable candidates for jobs, coupled with growth in the number of roles available to jobs seekers, is putting upward pressure on starting salaries.

In July, starting salaries for permanent staff increased, as did the hourly rates for short-term staff.

The research also found that there are more jobs on offer in the private sector than in the public sector at the moment, with the engineering, accounting/financial, and IT and computing industries currently the ones recruiting the most new staff.

Kevin Green, REC chief executive, commented: “Starting salaries are still rising, so for workers who want to boost their earnings now is a good time to consider moving job.”

He added that sectors that are particularly reliant on European workers are beginning to struggle to find staff, as more and more of this demographic leave in the wake of the vote to leave the EU.

This comes after figures published last month by the Department of Work and Pensions revealed that unemployment in the UK had fallen to its lowest level since 1975.

However, while unemployment is down and even though starting salaries appear to be increasing, the same can’t be said of earnings for those who’ve been in the same position for a longer amount of time.

Office for National Statistics data shows that, in real terms, earnings for those employed in Great Britain fell by 0.5 per cent between March and May this year, compared to the same period in 2016.