Salaries for new roles jump despite economic uncertainty
UK employers ramped up salaries last month as they looked to snap up the best new recruits in a notoriously difficult period for hiring.
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Salaries for new roles rose 38 per cent year-on-year in August, according to the latest job market data from CV Library.
The research showed that the south east enjoyed an even larger increase of 64 per cent, beaten only by the huge 80 per cent boost posted in the north east.
The growth came despite looming economic uncertainty as the UK prepares to leave the EU.
Last month marked a 2.2 per cent increase in jobs on offer compared to the previous year, while applications also jumped 10 per cent.
However, CV Library founder and chief executive Lee Biggins warned the salary increases were likely due to increased pressure on businesses, and should not be viewed as an improvement in the job market.
“At the same time, while there are more jobs on offer than a year ago, we know that there is a storm on the horizon in the form of Brexit, which is leaving many organisations facing a huge sense of economic uncertainty,” he said.
It comes after new government figures revealed the UK’s booming digital sector is outstripping the wider economy for salary levels.
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Staff in tech-based roles earned 50 per cent more than the national average last year, as growth in the sector outpaced other industries.
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