Salaries rise across the engineering sector as employers push to attract more candidates
It’s been a strong start to the year for both employers and professionals, and it’s clear that businesses were working hard last month to continue attracting talented engineering candidates. According to the latest statistics from CV-Library, advertised salaries for engineering roles increased by 3.6% month-on-month.
The data, which explored fluctuations in pay, jobs and applications throughout February, reveals that the sector also saw an increase in advertised salaries of 3.9%, when comparing year-on-year data. Some of the UK’s key industries witnessed above average salary growth last month, compared to data from January 2018. The top industries for pay hikes include:
- Hospitality – 6.5%
- Marketing – 4.6%
- Engineering – 3.6%
- Accounting – 2.6%
- Manufacturing – 1.3%
- IT – 1.3%
- Legal – 1.2%
- Recruitment – 1.1%
- Construction – 1.1%
- Catering – 0.5%
Lee Biggins, founder and managing director of CV-Library, said: “It’s great to see that salaries are on the rise across the sector, especially given that pay declined in January. It’s particularly positive to see this growth in key industries, especially in sectors such as engineering and manufacturing which continue to struggle with impending skills shortages.”
The data reveals that engineering job vacancies were also up last month, rising by 7.5% year-on-year. That said, advertised vacancies were down by 11.8% month-on-month, as were applications, which saw a decline of 15.9% when compared with January 2018.
Biggins added: “Despite both vacancies and applications declining month-on-month, this is not cause for concern. We typically see jobs and applications soar in January with both employers and job hunters starting the year on a high. As such, we expected to see these numbers decline slightly throughout February.”
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