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There are few things more frustrating to a jobseeker than seeing a job ad without any salary data.
After all, many candidates use a salary range as a quick way of seeing which openings are worth them looking into.
But just how widespread is the problem?
Thanks to listing every vacancy in the UK – over 500,000 – we can provide the answer, and it’s probably higher than you’d expect.
In fact, more than 50% of UK employers do not publish salaries in their job advertisements.
Data crunchers at Adzuna HQ have analysed salary data for almost every UK job ad to determine how salary disclosure differs by sector, company and location. We then incorporated data from our Jobsworth salary prediction system, which produces a salary estimate for every job ad with no advertised wage, to complete the overall picture.
250,000 Jobs Don’t Show Salaries
Currently over 250,000 live UK job ads do not disclose salaries. Some employers are becoming increasingly reticent when it comes to publishing pay information – with excuses given including falling salaries, use of recruitment consultants, fear of disclosing salaries to competitors or current staff, and wide pay ranges for roles.
Most cryptic job ads are found in the City.
More than 40,000 of these roles are located in the guarded City sectors such as Finance, Engineering and IT. The data shows that the average Banking IT salary is £54,000 and the average City Engineering role pays £68,000 p.a.
HSBC and Google Among Most Guilty Employers
Most guilty employers – Over 98% of analysed roles at top employers like Google, HSBC and Ernst & Young, do not disclose any wage information, with RBS, the Royal Mail and Vodafone all in the top ten offenders. At the other end of the scale, Nando’s and Tesco are among the most transparent employers.
Sector Sector Sector
Employers in the Property Sector are most open about proposed wages, with 92% of ads displaying a salary – perhaps the need to entice staff with attractive pay and bonuses is high? Wages can reach up to £50k p.a. for Property Manager roles. Other service sectors like Advertising and Healthcare also show strong transparency, so it is no surprise that service industries are driving GDP growth.
Jobsworth – Your Salary Estimator
Adzuna’s Jobsworth salary prediction system produces a salary estimate for every job ad with no advertised wage and publishes it on the website, using advanced data science techniques. In tests, our estimates are within 10% the vast majority of the time. This results in job seekers knowing what pay to expect and ultimately a better job search experience.
How it works:
We analyse over 500,000 UK job ads on a daily basis to understand current salary trends based on keywords, categories, companies and locations.
Our neural network-based system then produces a Jobsworth salary estimate for every ad with no advertised salary. In tests, we’re within 10% the vast majority of the time – and getting better every day.
This all results in job seekers knowing what salary to expect, and ultimately a better job search experience.