Travel Salary Index - May 2015
24th June 2015
Travel Salary Stability Continues In May
C&M Travel Recruitment and C&M Executive Recruitment’s
Travel Salary Index – May 2015
- Average wages for new travel jobs increase just 0.38 per cent
- Little salary movement for both standard and executive roles
- Candidate numbers rise but vacancies fall
Salaries up marginally in May
The typical new travel job last month came with a salary 0.38 per cent higher than in April, according to the latest Travel Salary Index from C&M Travel Recruitment and C&M Executive Recruitment.
The rise means that the average travel role now stands at £24,861, which is down 1.40 per cent (£353) in the past year – the first year-on-year fall since last August. The picture was similar for standard travel roles (those paying salaries below £40,000) with May’s figure rising 0.58 per cent compared to April, but falling 1.31 per cent since May 2014. Executive salaries also rose marginally in May by just 0.38 per cent.
The biggest monthly changes to salaries happened geographically with new roles in the north of the country increasing by 3.39 per cent (their biggest monthly gain since last September), while salaries in the south dipped by 3.93 per cent.
Speaking about the stats, Barbara Kolosinska, Director at C&M Travel Recruitment and C&M Executive Recruitment, said: “May was a very stable month for travel salaries with average wages increasing by just £94 from April. In fact, pay for new roles has risen only gradually for the past few months with May’s total being a slim £193 higher than in February.
“While this may initially seem like weak growth, it should actually provide reassurance to both employers and candidates as these consistent figures demonstrate the current stability of the travel industry.”
Shortage of vacancies
While the number of candidates searching for travel roles increased slightly in May, there was a sharp drop in new vacancies being made available. However, while last month’s figure was the smallest since August 2014, the total number of new travel jobs created so far this year was still up by 11.27 per cent compared to the same period in 2014.
“The uncertainty of the general election outcome clearly affected travel recruitment plans last month,” Ms Kolosinska added. “There was a distinct drop in the number of roles being created in May, with the total being the lowest since last August. Fortunately, this already appears to be a blip, with June’s early total immediately looking far more positive.”
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).