According to the Hays UK Salary & Recruitment Trends 2016 report, an annual survey of over 20,000 employers and employees in the UK, increased business confidence, a more fluid jobs market and the UK’s skill shortages will create unprecedented pressure on employers to increase salaries next year.
• Salaries increased by 2.3% in 2015, with over two thirds of employers expecting to increase pay again next year
• 59% of employees expect to move jobs within the year and over half will enter 2016 dissatisfied with pay
• War for talent continues with 74% of employers looking to hire additional staff next year
• Over three quarters cite a lack of suitable candidates as one of their biggest challenges when recruiting
Salary pressure increases in 2015
The analysis of salary data from Hays job listings, job offers and candidate registrations showed salaries in 2015 grew on average 2.3% nationally, up from 1.8% in 2014, with employees in construction and IT seeing the biggest jumps, at 3.6% and 2.8% respectively.