Travel Salary Index - January 2016
25th February 2016
Travel Salaries Rise To Three-Year High
C&M Travel Recruitment and C&M Executive Recruitment’s
Travel Salary Index – January 2016
- Travel salaries rise across the board in January
- Executive wages rebound to highest point since 2014
- Candidate and vacancies numbers rise, but remain down annually
Strong month for salaries
The average salary for a new job in travel increased again last month to stand at its highest point since April 2013, according to the latest Travel Salary Index from C&M Travel Recruitment and C&M Executive Recruitment which surveyed all new vacancies at the consultancies in the month. January’s increase of 1.31 per cent to £26,693 means that travel wages have now risen consistently for the last five months and stand 4.06 per cent higher than at the beginning of last year.
The picture was even more impressive for standard travel jobs (those paying up to £40,000), which have now reached their highest total since February 2013 after jumping by 2.43 per cent last month to £23,018.
There was also good news for executive travel salaries (those paying above £40,000) which rose to their highest point since December 2014, while wages in the south leapt to their highest level since May 2013 and salaries for travel jobs in the north reached their highest total since May 2014.
Speaking about the figures, Barbara Kolosinska, Director at C&M Travel Recruitment and C&M Executive Recruitment, said: “What a month! It’s rare for wages to grow so universally, but in January we saw salaries increase in the north and south and for both standard and executive travel jobs. This only happened once last year, so to see increases across all four of these measures in the very first month of the year is clearly a great sign for 2016.
“It is also particularly positive to see the executive travel recruitment sector bounce back strongly both in terms of wage growth and hiring activity.”
Candidates begin to return
Following a slow December, the number of candidates looking for a new job in travel almost doubled in January, which was the biggest monthly increase since January 2014, but it was still down compared to the beginning of last year. Similarly, there was a large increase in the number of new travel jobs being made available in January although the total remained down annually.
Ms Kolosinska added: “The number of candidates searching for roles picked up last month and we expect this to increase further throughout the year.
“The average new travel job now comes with wages that are higher than at any point since early 2013, and this promise of an increased salary could well tempt many people in the industry to look at the options currently available to them.”
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).