Travel Salary Index - August 2017
27th September 2017
Travel Salaries Set New Record High During Exceptional August
C&M Travel Recruitment and C&M Executive Recruitment’s
Travel Salary Index – August 2017View the full monthly survey here
- Standard travel wages jump to all-time high
- Overall salaries also reach highest point since January 2016
- Northern wages hit five-year peak
- August sees new monthly records for both vacancy and candidate numbers
Wages jump to new high
August was a bumper month for travel recruitment with standard wages reaching a new high, while there were also record monthly totals for both vacancy and candidate numbers, according to the latest Travel Salary Index from C&M Travel Recruitment and C&M Executive Recruitment.
With £24,051, wages for the average standard new job in the travel industry (those paying up to £40,000) set a new all-time record and broke through the £24,000 barrier for the first time. August’s figure was up by 6.33 per cent from the previous month and by 10.01 per cent from the same month last year.
It was also an exceptional month for salaries in the north of the UK, with typical wages jumping by 6.18 per cent to reach £23,650 – their highest level since October 2012. Southern salaries also jumped to their highest point since April 2016.
Overall, the average new travel job offered a salary of £26,348 in August which was the highest total since January 2016 and was up 1.11 per cent from July 2017.
Jobs, jobs, jobs in August
August defied the traditional late summer holiday period and produced the best figures ever seen for the month. The number of new vacancies created in August jumped by 28 per cent from July, which is the first increase ever seen during the month.
Compared to August 2016, the number of new vacancies created last month rose by more than 50 per cent while there was a 39 per cent increase in candidate registrations.
Analysing the stats, Barbara Kolosinska, Director at C&M Travel Recruitment and C&M Executive Recruitment, said: “With the exception of December, August is usually the quietest month of the year by some distance, but that certainly wasn’t the case in 2017 - this was the busiest August that we’ve ever seen.
“We always experience a dip in new vacancies from July, but this year the number of new jobs created in August not only increased from the previous month, but did so by 28 per cent!
“With salaries also jumping to record highs, the industry is now in a fantastic place, with large numbers of candidates being able to search through a range of great roles offering attractive salaries.”
All figures are drawn from the salaries of the month’s new vacancies advertised with C&M Travel Recruitment and C&M Executive Recruitment.
C&M Travel Recruitment was established in 1998 and is the largest and most successful specialist travel recruitment company in the UK.
For further information please contact: Owen Mckeon (Content Manager - 0161 238 4497 / firstname.lastname@example.org) or Barbara Kolosinska (Director - 07507 602 069 / email@example.com).