Engineering salaries show rise despite business uncertainty
17 Sep 2019
Engineering pay increased year on year for August, with salaries for new roles in the industry up 1.2%.
Recruiters CV-Library said this occurred despite an estimated 1.4% fall in jobs advertised on its books.
Lee Biggins, founder and CEO explained the results stating:
“Times are tough for businesses across the sector right now and we cannot view these dramatic salary increases as an improvement in the UK job market, particularly as there are less jobs on offer than a year ago.
"We know that there is a storm on the horizon in the form of Brexit, which is leaving many organisations facing a huge sense of economic uncertainty.”
By contrast, said the company, last month's job applications showed a 13.2% rise across the engineering sector.
This may have been prompted, said Biggins, by the rise in salaries for advertised posts, creating a jump in the ratio of applicants per job of nearly 15%.
“The national employment rate is at an all-time high and many employers are still struggling to fill their jobs in the engineering industry. There is still an evident skills shortage in the UK, which has clearly resulted in a huge jump in pay,” commented the CEO.