Average salary levels in the East Midlands grew solidly for the second year in a row last year across a variety of job roles, according to new data released by Reed Specialist Recruitment.
- 3.3 per cent average regional salary growth for 2019, compared to national average of 3.5 per cent (1.8 per cent increase in 2018)
- Jobs with the highest wage increase in 2019 at salaries below £40,000 in the region include commis chef (9.0 per cent), supply chain coordinator (8.3 per cent) and catering manager (8.1 per cent)
- Fastest increasing salaries for roles with salaries above £40,000 include data engineer (9.5 per cent), reward manager (9.0 per cent) and operations manager (7.6 per cent)
From analysis of 7.5 million jobs posted since the start of 2016, Reed Specialist Recruitment’s annual suite of salary guides for 2020, found that salaries across East Midlands business sectors were on the rise. The 3.3 per cent average salary growth for the region is a solid increase, and follows a 1.8 per cent increase in 2018.
Biggest job increases across East Midlands
Several sectors and specific job roles experienced salary increases that outstripped the national average in the region. In roles under £40,000, highlights include a 9.0 per cent increase for commis chefs, an 8.3 per cent increase for supply chain coordinators and an 8.1 per cent increase for catering managers.
Jobs with salaries paying more than £40,000 a year in East Midlands also performed well – a 9.5 per cent increase for data engineers, a 9.0 per cent increase for reward managers and 7.6 per cent increase for operations managers.
Rob Russell, regional managing director for Reed East Midlands, said: “The East Midlands has performed solidly over the last year, growing for the second year in a row against a backdrop of political and economic uncertainty.
“The technology and hospitality & leisure sectors have seen the largest growth in salaries, as skills shortages have put a greater emphasis on finding the right talent. The local talent pool features a real mix of candidates, with businesses needing to do research about their market before looking to recruit.
“Given the state of the market, companies must be willing to offer generous remuneration and benefits packages when highly skilled candidates become available. It’s a competitive landscape in terms of top talent, with businesses needing to do their utmost to attract the cream of the crop.”
Comparisons to other regions
The 3.3 per cent average increase in advertised salaries across the region is more than regions such as the South West (1.8 per cent), the North West (1.7 per cent) and Yorkshire & Humberside (1.6 per cent). However, the 2020 Reed Salary Guides also found that this is below the national average salary growth of 3.5 per cent.
Russell continued: “Before starting the hiring process, organisations must review the training and development opportunities they are offering to employees. Companies should also consider whether their benefits package is suitably competitive.
“The arrival of millennials in businesses has changed working habits. Candidates are looking for more than just a competitive salary, and the most successful organisations will also be offering flexible working, the opportunity for development and a good work-life balance.”