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Salaries for Professional Roles ‘to Grow by 3% in 2016’

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Starting salaries for professional occupations including finance and accounting, financial services, information technology and administration will grow by an average of 3% over the next 12 months, according to the Robert Half 2016 Salary Guide.

This is a higher increase than predicted in last year’s guide, which identified a 2.6% rise. It is also slightly higher than the average annual salary rise of 2.9% announced by the Office of National Statistics (ONS) last month and well ahead of the current inflation rate of 0%.

Roles that are the most difficult to fill are predicted to see salaries rising the most quickly in 2016, including those in the risk and compliance function within financial services firms (4.9%) and information technology roles (4% on average), particularly digital and IT security roles.

Phil Sheridan, senior managing director of Robert Half UK said:

“Businesses are actively seeking the skilled professionals they need to achieve their growth goals. With the growing supply and demand imbalance, salaries for specialised roles are expected to rise. Hard-to-fill roles are experiencing higher than average pay rises due to the increased competition for these candidates.”

SOURCE: recruitmentagencynow.com

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