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Salaries Rise Across the UK in December

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Despite December being a quieter month for recruitment, average salaries across the UK increased by 1.1% last month, when comparing data with November 2016. This is according to the latest statistics from the UK’s leading independent job board, CV-Library.

The data found that key cities saw promising hikes in pay, when comparing both year-on-year and month-on-month data. In fact, the cities which saw above-average salary growth included:

Month-on-month data (December 2016 vs. November 2016) Year-on-year data (December 2016 vs. December 2015)
Cardiff – up 21.2% Cardiff – up 17%
Liverpool – up 5.5% Manchester – up 5.8%
Sheffield – up 3.7% Birmingham – up 4.8%
Leeds – up 2.7% Brighton – up 4.7%
Glasgow – up 1.1% Sheffield – up 4.3%

Furthermore, some key sectors also witnessed above average increases in pay compared to 2015, including: legal (up 13%), property (up 8.2%), manufacturing (up 7.6%), recruitment (up 7.2%) and IT (up 5.4%).

Lee Biggins, founder and managing director of CV-Library comments on the findings:

“It’s positive to witness increases in salaries across some of the UK’s major cities and sectors last month, with the likes of Cardiff, Liverpool and Manchester seeing particularly strong growth. The fact that pay has jumped so significantly in certain areas is a nice indication that businesses across the nation are continuing to work hard to attract the very best talent, despite December being a quieter month for hiring.”

Alongside this, the findings reveal that job vacancies were down by 9% when compared to December 2015, with applications also dropping by 1%. But while this could be perceived negatively, it is not unusual for this time of year, and could explain why salaries increased last month, as businesses pushed hard to attract active candidates ahead of the New Year rush.

Biggins concludes:

“We always expected applications and job vacancies to drop last month – December is one of the quietest months in the recruitment market so the fact that there was a widespread dip in candidate and business appetite is not unusual. The good news is that organisations are showing signs of investing in their current and future workforce and there is no doubt that these numbers will pick up dramatically this month.”

To find out more about CV-Library, visit www.cv-library.co.uk.

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CV-Library is one of the UK’s largest online job sites, with the UK’s biggest database of over 12m CVs. The company was founded in 2000 as a response to Lee’s identification of a market niche. As a young carpet fitter at the time struggling to find work, Lee saw a need for an easy-to-use job board benefiting both job hunters and recruiters. With a £9k loan and help from a web developer, the CV-Library website was built. Lee’s raw passion and hands-on marketing strategies lifted the business off the ground and it is this that continues to push his company to new heights.

The business is now one of the fastest growing websites in the country. The team is expanding rapidly, now employing over 200 staff. It has also launched sister website, Resume Library, in the US, where the company is set to expand and take the brand global over the coming years. Lee puts the reason for his success down to working incredibly hard, loving what he does and a strong desire to make the business the best it can be.

Lee has received over 50 awards and accolades to date and was last year recognised as Entrepreneur of the Year. In April 2015 CV-Library was also ranked as number 49 in the Sunday Times Profit Track 100.

 

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