Data shows increase in UK advertised salaries

Data from Adzuna has shown a year-on-year increase in average UK advertised salaries for the first time since June 2015.

Average advertised salaries increased by 1.2 per cent from November 2016 to £32,598, while London saw the biggest improvement in average salary, with an annual rise of 2.2 per cent to £39,457.

Increase

The data also showed that admin jobs saw the biggest increase in average advertised salaries, with a year-on-year rise of 26.7 per cent to £27,551.

While the growth in wages is positive news for jobseekers, salaries are yet to improve for those working in existing roles, suggesting employers need to boost salaries not only to attract new workers but also to keep talented staff.

Adzuna’s data also showed there was a slight drop in the number of jobs openings year-on-year. Currently, there are 1,150,124 vacancies, down by 1.3 per cent from 1,165,052 vacancies in November 2016. However, there has been improvement in the number of advertised vacancies month-on-month, with a rise of 0.2 per cent in November 2017.

Encouragement

Commenting on the data, Adzuna Co-Founder Doug Monro said: “The first increase in annual advertised salaries we’ve seen since the summer of 2015 is a timely shot in the arm for jobhunters and gives those already in work the encouragement that their pay packages may soon follow suit. If they don’t, with more than a million vacancies currently available, disgruntled employees may soon vote with their feet and look elsewhere.”