Travel Salary Index - October 2016
22nd November 2016
Travel Job Placements Reach Yearly High, But Wages Fall
C&M Travel Recruitment and C&M Executive Recruitment’s
Travel Salary Index – October 2016
- Travel placements rise to 2016 high
- London wages reach highest point since May, but Northern pay falls to two-year low
- Average wages dip to lowest level since August 2014
- New vacancy and candidate numbers both strong
Placements and candidate numbers on the rise
The number of people starting new jobs in the travel industry rose to its highest level of the year in October, according to the latest Travel Salary Index from C&M Travel Recruitment and C&M Executive Recruitment which surveyed the month’s new vacancies.
Alongside the increase in placements, the month also saw more candidates begin their travel job search than at any point since May, while the number of new travel roles being made available was the third highest of the year.
Barbara Kolosinska, Director at C&M Travel Recruitment and C&M Executive Recruitment, said: “More candidates found new travel jobs last month than at any point this year, which is a terrific sign of the health of the travel industry at the moment.
“With high numbers of both new candidates and new travel roles being created, activity levels in the travel recruitment market remain very strong and it looks like the industry is set for a busy end to the year.”
Average salaries fall in October
Despite travel wages in London rising to their highest point since May, the average wage for a new travel job in the UK has fallen to its lowest point in over two years. With a total of £24,337, the average new travel role now pays less than at any point since August 2014.
The fall comes as a result of wages in the North dipping to £20,487, their lowest point since March 2014, however this was mainly due to the unusually high proportion of lower paying Travel Consultant roles being filled in the month.
Wages for standard travel jobs (those paying up to £40,000), also fell in October to £21,250, which was their lowest figure since September 2015 although this remains above the 2015 monthly average. October also marked the first time in 17 months that standard travel wages have fallen annually.
Ms Kolosinska added: “On first glance, October’s overall fall in wages is disappointing, but this was mainly due to an unusually high number of lower paid Travel Consultant roles being placed in the month and skewing the overall average, rather than a general decrease in wages across all positions.
“In fact, in London, where there was a more typical balance of lower and higher paying roles in October, salaries increased to their highest point since May. The next couple of months will give us a better indication of whether wages are falling or if October was just a one-off, but this has been a strong year for wages and it still looks very likely that the 2016 average salary will beat last year’s figure.”
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).