CV-Library: December sees drop in "business appetite" & surge in salaries

Average salaries across the UK increased 1.1% last month, when compared with data from November 2016 – according to new research from CV-Library.

Month-on-month, Cardiff increased 21.2%, Liverpool 5.5%, Sheffield 3.7%, Leeds 2.7% and Glasgow 1.1%. Sectors also witnessed above average increases in pay compared to 2015, including: legal (up 13%), property (up 8.2%), manufacturing (up 7.6%), recruitment (up 7.2%) and IT (up 5.4%).

Job vacancies were down nine per cent when compared to December 2015, but applications were up one per cent. This is reportedly not unusual for this time of the year, and could go some way in explaining why salaries have hiked, as businesses pushed hard to attract active candidates ahead of the New Year rush.

Lee Biggins, Founder and Managing Director of CV-Library, commented on the results: “We always expected applications and job vacancies to drop last month – December is one of the quietest months in the recruitment market so the fact that there was a widespread dip in candidate and business appetite is not unusual.

“The good news is that organisations are showing signs of investing in their current and future workforce and there is no doubt that these numbers will pick up dramatically this month.”

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