Teachers, Engineers, logistics & warehouse and ambulance workers are among the handful of professionals whose advertised pay has beaten the average nationwide annual salary increase despite a significant fall in vacancies across the UK, according to new research by job search engine Adzuna.co.uk.
Advertised salaries have increased by 6.45% over just 9 weeks from March 9th. The average advertised salary in the UK now stands at £36,419, up from £34,211. This represents a pay rise of £2,200 and marks a 3x increase on what an average employee might expect to get as a pay raise in a year, with the inflation rate around 1.94% currently.
The study analysed the 350,000+ jobs being advertised in the UK in May 2020 to show the top-performing sectors in terms of pay rises over the last year, revealing workers from certain industries can expect significantly more cash in their pockets this summer.
Pay for ambulance workers has seen the highest growth, with an average salary of £33,001 available, 16.9% higher than a year ago and pushing well ahead of the average annual increase of 0.7%. Increased demand for healthcare workers such as ambulance care assistants, emergency ambulance technicians, paramedics and ambulance planners is likely to push up salaries in the wake of coronavirus.
Teaching jobs score nearly as high in the salary stakes, with salaries on offer averaging £32,756, 6% more than a year ago, and 44,261 positions advertised in May. This means teaching is on-par with the average wage growth over the past 9 weeks (6.45%) and pushes well above inflation (1.9%). It reflects a growing reliance on tutors and teaching support to help children with homeschooling through the pandemic. The top hiring companies include Spires Online Tutoring, Tutorful, Simply Education. The increase comes towards the end of the academic year, where schools may also be looking to incentive staff to stay the course: the sector is currently paying a premium to attract the right talent from a shrinking pool of staff.
Logistics and Warehouse gets a top grade, with average salaries rising 8.8% year on year to £28,968. Despite a 66% drop in vacancies as a result of lock-down measures, there is still huge demand for workers in this sector with 11,878 jobs across the country. Employers are likely to put a salary incentive in place to encourage staff to work in a riskier climate that may involve less social distancing than required. The top hiring companies are Amazon, Hermes and DHL.
Engineering wages, meanwhile, have risen 5.4% to £41,041, after experiencing a 69.4% drop in vacancies in 12 weeks. Pay packets for consultancy jobs (+4%), Accounting and Finance (3.7%) and Sales (3.9%) all beat the current inflation rate of 1.9%.
Table 1: Top 10 Sectors for Salary Growth, June 2018
|Sector||Average Salary||Salary % 12 Month Change||Total Vacancies|
|Logistics & Warehouse||£28,968||8.80%||11,878|
|Accounting & Finance||£45,659||3.70%||21,751|
|Scientific & QA||£44,676||2.60%||5352|
Wages increase regionally
The North East of England sees the biggest wage increase since the 9th March (+11.7%) among the 6,293 jobs split across the region. The South East sees the second-highest wage growth (+9.2%) among the 64,580 jobs available across East Sussex, Hampshire, Kent, and other counties in this region. Northern Ireland rounds off the top 3 with a 9.2% increase in advertised salaries. Coronavirus has caused a significant redistribution of roles across the UK, which has seen lower-paid industries such as hospitality and catering and retail lose more than 70% of vacancies, while many high paid industries have remained comparatively stable. This has caused salaries to increase across the UK.
Andrew Hunter, co-founder of Adzuna, comments: “Salary growth shows the job market is moving in the right direction during this uncertain time, but the headline figures mask an uneven picture. There are several reasons which could lead to such a notable spike in salaries in such a short period of time. The change of vacancies in the wake of coronavirus has seen jobs lower end of the pay scale, such as hospitality and retail drop off significantly, while white-collar jobs have been easier to maintain with the flexibility of home working. This is likely to cause a notable spike in average advertised salaries. The downfall of jobs and changes in working conditions could also lead employers to increase salaries to attract the right staff to fill important roles and to help tackle the crisis with resources at a minimum.”
Table 2: Salary Growth by region, May 2020
|Region||Salary change since 9th March|
|North East England||11.50%|
|South East England||9.40%|
|North West England||6.70%|
|South West England||6.60%|
|Yorkshire and the Humber||6.40%|