C&M salary survey reveals southern discomfort

Average travel salaries fell back in June although executive pay hit its highest total since December 2014.

Pay dropped by 2.47% in the month to £25,806, which was also down marginally year-on-year by 0.26%.

The fall was primarily due to a 4.63% decline in salaries in the south of the country – the largest monthly dip since February 2015 – while travel wages rose by 2.74% in the north.

Salaries for standard travel jobs slumped by 4.79% to the lowest level since September 2015. However, the figure remains 5.60% up annually, with standard salaries now having risen consistently year-on-year for the past 13 months.

Pay for the typical executive travel role rose to £74,899, far ahead of the average for the year so far and is the highest total since December 2014.

Barbara Kolosinska, director at C&M Executive Recruitment and C&M Executive Recruitment, which compiled the figures, said: “Average salaries in the travel industry dipped in June, but it has been a very strong first half of the year, with wages rising year-on-year in five of the first six months of 2016.

“There was also a strong increase in salaries in the north of England, while the executive travel jobs market continues to impress with a new 18-month salary high.”

Despite the anticipated fallout from the Brexit vote, there are few immediate signs of a slowdown in the travel recruitment market.

There were increases in both the number of new jobs being created and the number of candidates registering their interest in finding a new role when comparing the seven days following the decision compared to the previous period.

Kolosinska said: “Our initial reaction to the Brexit impact is one of relief – so far at least, there are very few signs of the travel recruitment market being negatively impacted in any way.”

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