Annual salary growth in 2015 - 4% in Sheffield and 5% in LeedsAccording to research conducted by job vacancy website CV Library, the counties of Leeds, Sheffield and Bristol experienced the largest salary growth among UK cities in 2015 compared to 2014. The study is based on salary data for job advertisements on its website and found that the average annual salary rose by 4% in Sheffield and 5% in Leeds.
The following statistics were also noted:
- Bristol – The average annual salary rose to £31,053 in 2015 from £29,670 in 2014. An increase of over 3%.
- London – The average annual salary grew to £37,443 from £36,523.
- Southampton – the average annual salary increased from £30,120 in 2014 to £30,753 in 2015.
- Edinburgh – the average annual salary rose to £31,160 in 2015 from £30,615 in 2014.
- Birmingham – the average annual salary grew to £31,296 from £30,978.
- Manchester –the average annual salary rose to £29,790 from £29,620.
- Exeter – the average annual salary grew to £27,409 in 2015 from £27,275 in 2014.
- Cardiff – the average annual salary rose from £30,706 in 2014 to £30,751 in 2015.
Within specific industry sectors, the research found the following:
- Construction – 10% rise in the average annual salary.
- Retail – Salaries grew to £27,580 in 2015 from £26,052 in 2014.
- Media – Salaries rose from £29,531 to £31,201. An increase of around 6%.
- Charity – The average annual salary increased to £25,361 from £24,339.
- Manufacturing – 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.”
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