The automotive sector is experiencing a period of salaries growth as “businesses are working hard to beat the competition and secure talented recruits”, according to recruitments specialists.
The CV Library ranked the sector third in a line-up of the top ten currently experiencing rises in average salaries, being pipped to the top by hospitality and agriculture in second place.
It revealed that pay packets in automotive had risen by 4.1% month-on-month between August and September.
The UK job board compared its data from September 2017 with data from the same period in 2016 to come up with its results and ranked the most appealing industries to potential recruits, in terms of pay growth, as follows:
1. Hospitality – 24.6%
2. Agriculture – 12.8%
3. Automotive – 7.8%
4. Retail – 7.1%
5. Design – 6.5%
6. Customer services – 6.4%
7. Recruitment – 3.8%
8. Engineering – 2.4%
9. IT – 2%
10. Marketing – 1.4%
Lee Biggins, founder and managing director of CV Library, said: “September is traditionally a busy time for recruitment and it’s clear that businesses across the automotive industry were pulling out all the stops last month.
“It’s great to see that the sector saw salaries increasing, suggesting that businesses are working hard to beat the competition and secure talented recruits.
“For job hunters looking for their next role, the hospitality industry could be a great place to start.”
Alongside this, advertised job vacancies within the industry rose by a staggering 18.3% year-on-year and a further 0.5% month-on-month, suggesting that organisations across the sector are feeling confident.
Biggins added: “It’s clear that business confidence was on the up last month, as the job market continued to strengthen.
“This, coupled with the rise in salaries, proves that employers in the automotive industry are continuing to invest in their workforce and still striving to secure talented candidates.
“With this in mind, now could be the perfect time for job hunters and recent graduates to find their next exciting role and bump up their pay packets.”