Average salary levels in the North East grew for the second year running last year across a variety of job roles, according to new data released by Reed Specialist Recruitment.
- 2.9 per cent average regional salary growth for 2019, compared to national average of 3.5 per cent (1.0 per cent increase in 2018)
- Jobs with the highest wage increase in 2019 at salaries below £40,000 in the region include accountant payable assistant (9.5 per cent), credit controller (8.9 per cent) and application support (8.4 per cent)
- Fastest increasing salaries for roles above £40,000 include project manager (9.6 per cent), software engineer (8.5 per cent) and cloud engineer (7.8 per cent)
From analysis of 7.5 million jobs posted since the start of 2016, Reed Specialist Recruitment’s annual suite of 2020 Salary Guides, found salaries across North East business sectors were on the rise. The 2.9 per cent average salary growth for the North East during 2019 compares with the national average salary growth of 3.5 per cent, and follows a 1.0 per cent increase in 2018.
Biggest job increases across the North East
A number of sectors and specific job roles experienced salary increases that outstripped the national average, with highlights for roles under £40,000 including a 9.5 per cent increase for accountant payable assistants, an 8.9 per cent increase for credit controllers and an 8.4 per cent increase for application support workers.
Jobs with salaries paying more than £40,000 a year in the North East also performed well – with a 9.6 percent increase for project managers in the engineering sector, an 8.5 per cent increase for software engineers and a 7.8 per cent increase for cloud engineers in the technology sector.
Mike Harrison, regional managing director for Reed North East, said: “The candidate market in the North East has grown in strength and competition in recent times. Within the last 12 months, numerous large firms have been making redundancies, so we are finding many high calibre candidates in the North East looking for new opportunities. This has left businesses with a wealth of talent to choose from and an opportunity to strengthen and expand their businesses now that the storm of uncertainty is starting to settle.
“This past economic uncertainty has definitely affected the market but, hopefully, as we move into 2020, new budgets will be set, and businesses will have a clearer lay of the land to set out ambitious plans. In this market, jobseekers need to ensure they are standing out from the competition because the talent in the region is impressive.”
Comparisons to other regions
The 2.9 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.
Harrison continued: “In an unpredictable market, things can change very quickly. In the meantime, candidates need to accurately and thoroughly represent their skills and experience. A great way to gain experience is to explore temporary and contract work across multiple industries.
“The North East market follows national trends. Given this, businesses must ensure they have an efficient and well planned interview process. Companies will need to offer a financial incentive to persuade candidates to change role, as well as doubling-down on why the move would benefit them.”