The average advertised UK salary fell by 1% between May 2016 and May 2017, according to research by Adzuna.
Its UK job market report: June 2017, which analyses online job vacancy data in the UK from over 500 sources, found that the average advertised UK salary increased by 0.2% between April 2017 and May 2017, rising from £32,678 to £32,743.
Average advertised salaries in Wales increased by 2.2% between May 2016 and May 2017 to reach £29,857. Average advertised salaries rose by 0.5% in Northern Ireland and by 0.3% in the east of England between May 2016 and May 2017, while decreases of 0.9% and 2.5% were recorded in London and Scotland, respectively. Overall, average advertised salaries increased by 1.6% in the six months to May 2017.
Average advertised salaries in the consultancy sector fell by 26.9% between May 2016 and May 2017 to reach £35,839. For domestic help and cleaning roles, the average advertised salary declined by 13.5% year on year, and advertised average salaries for social work jobs dropped by 11.4% between May 2016 and May 2017. Average advertised salaries decreased by -7.5% and -4.9% for maintenance jobs and PR roles, respectively, with average advertised salaries recorded at £32,672 for maintenance positions and £33,733 for those in PR.
Doug Monro, co-founder at Adzuna, said: “The fact that salary growth is making progress on a month-on-month basis as well as over a six-month period, shows the gap between wage growth and inflation may, slowly but surely, be closing. Although wage growth is nowhere near the desired pace, salaries are well and truly on the up. Despite the temporary economic lull having wider effects such as falling retail sales and flat-lining levels of home ownership, jobseekers and employees actually have more opportunities available now than ever.”