UK salaries up by over 8% year-on-year, figures show
The latest figures from recruitment software solutions company Recruitive have shown an 8.15 per cent increase in UK salaries compared with data from June 2016.
The figures showed an increase in salaries year-on-year and month-on-month in a number of cities across the UK, despite uncertainty after the General Election in June.
Amongst the key cities that saw a year-on-year rise in salaries last month were Birmingham, with an increase of 2.12 per cent, and Manchester, which saw an increase of 1.85 per cent.
Salaries were also found to have increased in Leeds when comparing figures from June 2017 with June 2016, with a rise of 3.10 per cent.
Several top industries in the UK also experienced a growth in salaries year-on-year, with distribution seeing a rise of 9.82 per cent and retail 8.65 per cent.
Recruitive’s figures come after data released by CV-Library earlier this week showed an increase in advertised salaries in the second quarter of 2017 compared with data from Q2 2016, with hospitality seeing the highest rise at 7.7 per cent, followed by agriculture at 6.2 per cent and education at 6.1 per cent.
Commenting on the figures, Recruitive Operations Director Carla Fern stated that it is very positive to see that salaries are continuing to rise at a steady rate across the UK after post-election uncertainty, adding that the positive salary growth indicates that businesses across the nation are still working hard to attract candidates to their vacancies.
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