Average salary growth doubled in June

Average salary growth doubled in June, to a growth rate of 1.7% between May and June from a growth rate of 0.6% between April and May, according to research by Adzuna.co.uk.


Its latest UK Job market report found that advertised salaries rose to £32,933 in June 2014, marking the third consecutive month in which advertised salaries have risen.

In June, average salaries in London rose by 1.5% to £40,446, closing the gap on the consumer prices index rate, which stood at 1.9%.

Average salaries in London have risen by 2.9% since the beginning of the year.

The research also found that graduate salaries increased 5% year-on-year, from £23,590 in June 2013 to £24,762 in June 2014.

It also found that wages have increased in the trade and construction sector, with the average salary growing to £35,570 in June, up 3.5% year-on-year.

Andrew Hunter, co-founder of Adzuna, said: “Greater economic certainty is finally filtering through into a pick up in salaries.

“Employers are boosting wages as top talent becomes harder to source, hoping that by supplementing salaries they will attract the best staff.

“Employers have timed salary increases in the graduate market to coincide with the flood of new graduates who have recently entered the labour market.

“As the talent shortage begins to bite, fostering quality entry-level talent has become all the more important. Upping graduate salaries is one easy way for employers to stand out from the competition when attracting high-calibre, entry-level candidates.”