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Advertised Salaries Start to Rebound as Employer Confidence Returns

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Average advertised salaries across the UK are beginning to rebound as employer confidence returns to the jobs market, according to the latest UK Job Market Report from Adzuna.co.uk.

  • Advertised salaries rise for just the second time in ten months, increasing 0.6% to reach £33,322 in December – as employer confidence begins to return within the jobs market
  • Available vacancies fall 6.4% from November to total 1.164 million, decreasing for the first time since January 2015 in an unexpected dip, as employers’ focus on upskilling and retaining existing workers begins to pay dividends
  • Despite decline in available jobs, positions outnumber jobseekers, as ratio of jobseekers to roles rises to 0.54, up from 0.52 in November
  • Consultancy and HR jobs see annual salary rises (up 11.1% and 4.2%) as employers prioritise retaining workers and look to consultants to bridge the hiring gap
  • Social work enters the worst decliners for advertised salaries, experiencing a 5.8% annual fall to £31,327 – as the industry faces further staffing challenges

Average advertised salaries across the UK are beginning to rebound as employer confidence returns to the jobs market, according to the latest UK Job Market Report from Adzuna.co.uk.

The UK average salary for an advertised position rose for just the second time in ten months, as December saw the average position offer £33,322. This marked a 0.6% monthly rise from £33,118 in November, building on the 0.2% rise seen the month before – and could signal a reversal of the recent downward trend in advertised salaries.

This increase between November and December has been the result of a culmination of contributory factors, namely jobseekers finally benefitting from rising wages for existing workers, a reduction in the number of advertised lower paid jobs and companies being forced to adapt to the rise of flexible self-employment options.

SOURCE: onrec.com