[UK] Average advertised salaries pass £40,000 for first time

New research has revealed that the UK’s average advertised annual salary has passed £40,000 for the first time, The Standard reports.

According to jobs site Adzuna, the increase in pay for advertised jobs follows continuing demand for skilled staff, together with hiring hesitancy among employers.

The figure has increased from £37,577 over the past year, Adzuna said.

In addition, the study reportedly found that there are two jobseekers for every vacancy and the time taken to fill vacant roles has increased by almost two days to 34 over the past year.

Jobs in the legal profession had the shortest time to fill at 31 days. The longest were in domestic help and cleaning at 38 and healthcare and nursing at 37.

Adzuna said just over half of employers did not include pay details in job adverts and added that 2024 was the worst year on record for salary transparency.

Andrew Hunter - co-founder of Adzuna - said, “Jobseekers who were hoping for a continued streak of growth in available roles following November’s bounce will be disappointed, as vacancies fell again in December.

“This could be attributed to the seasonal hiring slowing down over the Christmas period.

“Sectors such as teaching continue to have a high volume of roles while legal, logistics & warehouse and sales roles have all experienced an annual increase compared to the same time last year.

“While it appears companies are not hiring as much, they are loosening their purse strings, with the average advertised salary now reaching over £40,000 for the first time since we started tracking the UK job market in 2016.”

Source: The Standard

(Quotes via original reporting)

New research has revealed that the UK’s average advertised annual salary has passed £40,000 for the first time, The Standard reports.

According to jobs site Adzuna, the increase in pay for advertised jobs follows continuing demand for skilled staff, together with hiring hesitancy among employers.

The figure has increased from £37,577 over the past year, Adzuna said.

In addition, the study reportedly found that there are two jobseekers for every vacancy and the time taken to fill vacant roles has increased by almost two days to 34 over the past year.

Jobs in the legal profession had the shortest time to fill at 31 days. The longest were in domestic help and cleaning at 38 and healthcare and nursing at 37.

Adzuna said just over half of employers did not include pay details in job adverts and added that 2024 was the worst year on record for salary transparency.

Andrew Hunter - co-founder of Adzuna - said, “Jobseekers who were hoping for a continued streak of growth in available roles following November’s bounce will be disappointed, as vacancies fell again in December.

“This could be attributed to the seasonal hiring slowing down over the Christmas period.

“Sectors such as teaching continue to have a high volume of roles while legal, logistics & warehouse and sales roles have all experienced an annual increase compared to the same time last year.

“While it appears companies are not hiring as much, they are loosening their purse strings, with the average advertised salary now reaching over £40,000 for the first time since we started tracking the UK job market in 2016.”

Source: The Standard

(Quotes via original reporting)