Leeds and Sheffield experience biggest UK pay growth

Pay increase-pay gao-2015Leeds, Sheffield and Bristol experienced the largest salary growth among UK cities in 2015 compared to 2014, according to research by job vacancy website CV Library.

Its study, which is based on salary data for job advertisements on its website, found that the average annual salary rose by 5% in Leeds and 4% in Sheffield.

In terms of cities, the research also found:

  • The average annual salary in Bristol rose by more than 3% to £31,053 in 2015 from £29,670 in 2014.
  • In London, the average annual salary grew to £37,443 from £36,523.
  • In Southampton, the average annual salary increased from £30,120 in 2014 to £30,753 in 2015.
  • In Edinburgh, the average annual salary rose to £31,160 in 2015 from £30,615 in 2014.
  • In Birmingham, the average annual salary grew to £31,296 from £30,978.
  • In Manchester, the average annual salary rose to £29,790 from £29,620.
  • In Exeter,the average annual salary grew to £27,409 in 2015 from £27,275 in 2014.
  • In Cardiff, the average annual salary rose from £30,706 in 2014 to £30,751 in 2015.

When it comes to industry sectors, the research found:

  • There was a 10% rise in the average annual salary in the construction sector.
  • Salaries in the retail industry grew to £27,580 in 2015 from £26,052 in 2014.
  • Pay in the media industry rose by 6% from £29,531 to £31,201.
  • The average annual salary in the charity sector increased to £25,361 from £24,339.
  • Manufacturing roles saw annual average wage growth of 2%, rising from £29,260 in 2014 to £29,964 in 2015.

Lee Biggins, founder and managing director at CV Library, said: “It’s great to see that cities across the entire nation have seen a rise in advertised salaries and that salary increases aren’t concentrated in one particular region.

“Overall this all is good news for candidates looking for their next opportunity in 2016, and it’s exciting that UK employers are able to invest more heavily in finding the right talent for their business. Pay rises are being seen across the UK and its key sectors, and this is encouraging news for 2016’s job market.”