Travel Salary Index - July 2014
25th August 2014
C&M Travel Salary Index: Candidates Returning In Force To Travel Jobs Market
C&M Travel Recruitment and C&M Executive Recruitment’s
Travel Salary Index – July 2014
- New candidate registrations reach highest level since October 2013
- Executive salaries rise to yearly high
- Wages for standard travel roles fall back in July but remain up annually
Candidates focusing again on job opportunities
Employees appear to be turning their attention to the jobs market again, with July seeing a sharp increase in the number of candidates registering their interest in new roles. In total, more new candidates searched for jobs last month than at any point since October 2013, with the month also seeing the fastest increase in new registrations since January 2014.
The stats were revealed in the latest Travel Salary Index from C&M Travel Recruitment and C&M Executive Recruitment, which surveyed all new candidates and roles registered at the companies in July.
“We’ve seen a big increase in new candidate registrations in the past month, which is obviously great news,” said Barbara Kolosinska, sales director at C&M Travel Recruitment and C&M Executive Recruitment.
“The rise suggests that people now have a bit more confidence in the economy, are more secure in their current job and feel comfortable enough to assess their career prospects. This, of course, also presents a great opportunity for companies in the travel industry who can now attempt to take advantage of the wider selection of great candidates in the market.”
Executive pay rockets ahead
In terms of salaries, pay for executive roles (£40,000-plus) increased in July at its fastest rate for at least the last two and a half years to reach its highest level in 2014 so far. This rise in higher-paid positions helped to cushion the fall in average salaries for new travel jobs, which dipped by 2.64 per cent in July to £24,635 but still increased by 0.30 per cent annually. Pay for standard travel roles (those with salaries of less than £40,000) dipped by 3.28 per cent in the month to reach £19,646 but was still up by 2.70 per cent compared to July 2013.
“Executive salaries reached a new high last month and rose at the fastest rate we’ve ever seen since beginning tracking wages at the start of 2012,” said Ms Kolosinska.
“Standard travel salaries fared less well in July, but they remain up compared to the same month last year with the dip likely to be a result of a slight reduction in the number of higher salaried management positions becoming available.”
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 / email@example.com) or Barbara Kolosinska (sales director - 07507 602 069 / firstname.lastname@example.org).