Business

Advertised pay rates increase but vacancies fall, study finds

Average advertised salaries have increased by 4.3 per cent in the past year to almost £34,000 according to Adzuna

AVERAGE advertised salaries have increased by 4.3 per cent over the past year to almost £34,000, although the number of vacancies has fallen, according to a new study.

Research by jobs site Adzuna showed salary growth in every region of the UK, although advertised pay was down by 8 per cent for construction work.

Adzuna said that following a squeeze on pay, average salaries are starting to show signs of sustained growth.

The number of advertised vacancies fell by 4 per cent to 1.1 million over the past six months, said Adzuna.

Doug Monro, co-founder of Adzuna, said: "After a sustained period of stagnation, advertised salaries are finally showing stable signs of positive movement.

"Advertised pay is growing both year-on-year and month-on-month, reflecting a healthy picture.

"With six months of continuous growth under our belts, the signs are there that employers are starting to recover the confidence to pay higher salaries for top talent."

Adzuna added that Cambridge, Warrington, Southampton and Oxford were the best cities to find a job, while the worst were Sunderland, Hull and Middlesbrough.

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