Travel Salary Index - 2013 Overview
30th January 2014
Travel Salaries Rise Again In 2013
C&M Travel Recruitment and C&M Executive Recruitment's
Travel Salary Index - 2013
- Travel salaries rise again, but at slower rate than in 2012
- Salaries for standard travel jobs rise at faster pace than for executive roles
- Pay increases quicker in the north than south
- Strong growth also seen in the number of new candidates and jobs
Positive year for travel salaries
Travel salaries showed strength in 2013 by increasing 1.66 per cent in the year to reach an average of £24,831, according to the Travel Salary Index 2013 from C&M Travel Recruitment and C&M Executive Recruitment which measures the wages of all new jobs advertised at the companies. While the increase was behind the 5.12 per cent annual rise seen in 2012, the figure means that average salaries for new jobs in the travel industry have risen annually for at least the past three years.
There was also a strong increase in the number of travel companies looking to expand their team, with a 4.60 per cent annual rise in the number of jobs being made available. In addition, 2013 also saw a strong increase in applicant numbers, with new candidate registrations rising by a very healthy 9.32 per cent compared to 2012.
"With salaries, job availability and new candidate registrations all rising annually, 2013 was undoubtedly a positive year for travel recruitment, said Barbara Kolosinska, sales director at C&M Travel Recruitment and C&M Executive Recruitment.
"The most pleasing thing is that we saw average salaries for new travel jobs increase annually last year after also rising in 2012 and 2011. We're hearing from many people in the sector that they are confident about what 2014 has in store and we're delighted that our own figures suggest that that the industry is in a healthy place.
"In addition to this, we've also seen a very strong start to this year, with far more new vacancies being made available in January than we would expect to see in the average month. Fingers crossed this continues for the whole of 2014!"
Lower salaries rise faster than executive pay
Looking at the price brackets for new jobs, the average salary for a role advertised with C&M Travel Recruitment (which focuses on new positions with salaries up to £40,000) stood at £19,908 in 2013, while the figure for positions advertised with Chisholm & Moore Executive Recruitment (which deals with salaries of £40,000 and above) reached £55,640. Encouragingly, both figures increased annually (by 3.21 per cent and 1.07 per cent, respectively), but the rate of increase was far more impressive for lower paid roles.
Gap closes between wages in north and south
Salaries also rose in both the north and south of the UK last year, with the 4.48 per cent increase in northern wages easily outpacing the 1.50 per cent rise seen in the south. Despite this, average salaries for new travel jobs remain around 22 per cent higher in the south than in the north.
"It is terrific to see salaries increasing across the country for both standard and executive travel jobs in 2013", added Ms Kolosinska.
"Many may be surprised to see pay growing quicker in the north than in the south, but we actually saw the same result in 2012. However, southern wages remain far ahead of those in the north, so it is highly unlikely that the salary gap narrows considerably in the near future."
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 (sales director - 07507 602 069 / email@example.com).