HR & Management
The five sectors and five cities paying the highest salaries in the UK
3 min read
04 February 2016
Britain’s employers are willing to pay three per cent more for staff members than they were last year, as revealed in a study that has listed the five cities and five sectors in the country that pay the most.
The findings come from recruitment firm reed.co.uk as part of its Job Index for January 2016. According to the study, advertised pay for the average UK worker has risen by 2.6 per cent to £39,576 – an increase of £709 annually.
Comparatively, the country’s jobseekers are more ambitious too. They applied for roles that pay an average of £27,020, which is a 4.3 per cent rise on January 2015 and a 3.1 per cent rise on average desired salaries across 2015 overall.
Mark Rhodes, marketing director of reed.co.uk, said: “UK jobseekers have started 2016 by increasing their aspirations and applying for better paying positions than last year. And whilst businesses continue to grow steadily, many employers are offering higher salaries to secure the talent they need to support their ambitions.
“However, our latest figures suggest that candidates are selling themselves short and actually expect to earn less than what companies are willing to offer.”
Read more about the job search:
- How businesses can fight “New year, new you” mentality to retain top talent
- The top 25 jobs Britain has to offer in 2016 – and the salaries to expect
- 5 key reasons why a third of UK workers want new jobs in 2016
Sectors that have experienced an increase in applications for roles with higher salaries include manufacturing with a 69 per cent increase, accountancy with 30 per cent, strategy and consultancy with 17 per cent and marketing with 12 per cent.
The study also broke down the top five sectors and top five cities based on highest average salaries.
The top five sectors:
(1) Accountancy – £62,105
(2) HR – £60,243
(3) Technology – £44,342
(4) Banking – £42,092
(5) Marketing – £39,585
The top five cities:
(1) London – £69,651
(2) Liverpool – £48,088
(3) Birmingham – £47,345
(4) Edinburgh – £47,013
(5) South East London – £40,152
Rhodes continued: “With the average job advertised on reed.co.uk offering a salary of £39,567, and the average worker looking to earn £27,020, it’s important that jobseekers know their market value and can find out what to expect from their industry using a tool like reed.co.uk’s Salary Checker.
“For anyone who’s been sitting tight whilst the recovery takes hold, now is a great time to make a move and improve their earnings.”
In January, we highlighted the five weirdest job roles available in the UK, as businesses set out on a quest to make job vacancies avoid generic terms such as administrator for bizarre positions that sound more appealing.