The Recruitment and Employment Confederation (REC) survey showed that salaries for permanent jobs amongst Britons increased post-Brexit voting, amid challenges in hiring people.
Some of these vacancies may include shipping jobs in Felixstowe, Ipswich or other towns in the country. The survey collected its data from several recruitment firms like A&S Recruitment. These firms cited that salary increased at its fastest pace since 2015 and reached a 19-month high in June.
REC Director of Policy Tom Hadley said that companies are forced to attract talents with bigger salaries, amid fewer job seekers. For instance, accountants and other financial positions have become more in demand. A need amongst employers to secure their businesses against economic uncertainty post-Brexit causes this trend, he added.
The survey, however, contradicted the official measure of salaries in the country, which depicted a weaker growth. Government data showed that salaries rose only 2.1 percent in the three months to April against an almost 3 percent increase in inflation. Still, policymakers from the Bank of England may consider the poll to be a basis for a continued increase in wages.
CV-Library’s statistics for salary growth in June revealed that the average pay climbed 1.3 percent year over the year. Salaries of people working in London rose 1.5 percent in the same period, while those in Sheffield earned 11.3 percent more. Hospitality and administration jobs tallied the biggest salary growth at 15.2 percent and 8.5 percent, respectively.
CV-Library Managing Director Lee Biggins said that employers intend to ramp up their recruitment plans, although nationwide uncertainty has made it harder for them to fill vacancies. Hence, they offer attractive packages to lure applicants.
British companies may currently find it hard to fill certain permanent positions ever since the EU referendum vote. For job hunters, however, the news may encourage them even more to find employment opportunities.