Higher travel pay is failing to encourage people to move jobs amid concerns over Brexit and the impact of Boris Johnson as the new prime minister, it is claimed today.
Pay for new jobs in travel and tourism rose last month to hit the second highest figure in at least the last seven years, new research revealed.
The 0.82% increase to £28,185 stands behind April’s £28,382 as the highest number recorded since 2012, according to the latest monthly travel salary index produced by C&M Travel Recruitment and C&M Executive Recruitment.
More: Trade urges Boris to avoid a no-deal Brexit
Much of the increase was due to a large rise in the number of placements in the £40,000 to £50,000 range, while salaries jumped in the north of the UK to reach a record high of £25,464.
However, wages for standard travel jobs paying below £40,000 dipped marginally by 0.92% last month to stand at £24,073, yet still increased by 5.2% on a rolling 12-month average.
While pay levels went up or were broadly maintained, new candidate numbers has fallen year-on-year for 13 months in succession, while vacancy numbers dipped for the past five successive months.
The falls of just 4% and 2% respectively suggest that the market is regaining some balance, C&M claimed.
Director Barbara Kolosinska said: “Salaries rose again last month and it’s become somewhat of a trend to see wages constantly rise compared to the same months last year while the number of new jobseekers falls.
“It has been a candidate-driven market for some time now and this is becoming ever truer as each week passes.”
She added: “There are some incredibly attractive vacancies out there with terrific salaries available, but many people simply aren’t looking to move roles at the moment – this could be to do with continuing concerns about Brexit, the potential impact of Boris Johnson as the new prime minister or simply the distractions of the summer.
“While travel companies continue to battle for the industry’s top talent, they need to ensure they do all they can to offer attractive salaries and great packages in order to give applicants a clear reason to choose them over their competitors.”
More: Trade urges Boris to avoid a no-deal Brexit
