Engineering salaries rise, as competition remains fierce22 May 2018

Engineering salaries rise Engineering salaries rise, as competition remains fierce

With job vacancies and applications also seeing an increase in April

It’s clear that businesses across the engineering industry are working hard to attract talented candidates into their roles, with advertised salaries witnessing a 3.1% increase last month. What’s more, job vacancies also rose by an impressive 13.5% in April. That’s according to the latest data from CV-Library, the UK’s leading independent job site.

The data explored fluctuations in salaries, jobs and applications throughout April and compared these with statistics from the same period in 2017. While the nation as a whole saw salaries rising by 2% year-on-year, the engineering sector saw an above-average hike in pay, making it onto the list of the top 10 industries for salary growth right now. The full list includes:

  1. Legal – Salaries rose by 11.3%
  2. IT – Salaries rose by 7.2%
  3. Social care – Salaries rose by 7.2%
  4. Marketing – Salaries rose by 4.4%
  5. Sales – Salaries rose by 4.3%
  6. Automotive – Salaries rose by 3.9%
  7. Accounting – Salaries rose by 3.4%
  8. Engineering – Salaries rose by 3.1%
  9. Recruitment – Salaries rose by 2.7%
  10. Catering – Salaries rose by 1.2%

Lee Biggins, founder and managing director of CV-Library, comments: “It’s great to see that employers across the engineering sector are remaining positive in the face of ongoing uncertainty and that many are continuing to invest in their recruitment efforts. With salaries rising across the industry, the data suggests that the competition to secure the top talent isn’t letting up any time soon! This rise in pay and job vacancies is great news for candidates in the industry who may be looking for their next role. ”

However, application rates in the industry remained fairly stagnant in April, rising by just 0.4%. That said, despite this being a small increase, it was one of the few sectors to actually see a rise in applications.

Biggins concludes: “The fact that application rates remained stagnant across the engineering sector suggests that professionals are not feeling confident enough to move around the job market right now. If businesses in the industry hope to entice candidates out of their current roles, they must continue to offer the most competitive packages they can.”

Mark Venables

Related Companies
CV Library

This material is protected by MA Business copyright
See Terms and Conditions.
One-off usage is permitted but bulk copying is not.
For multiple copies contact the sales team.