Travel Salary Index - April to November 2020
C&M Reveals Pandemic’s Impact On Travel Recruitment
C&M Travel Recruitment and C&M Executive Recruitment’s
Travel Salary Index – April to November 2020
- Travel vacancies dip 94 per cent, but are beginning to rebound
- Candidate numbers also down by more than half
- Average salaries remain static, but pay for standard roles falls 2.78 per cent
Travel recruitment activity plummets
The travel recruitment sector has been decimated by the Covid-19 pandemic, with the number of new vacancies falling by 94 per cent between April and November 2020 compared to the same months in 2019, according to the latest Travel Salary Index from C&M Travel Recruitment and C&M Executive Recruitment which surveyed all new travel jobs registered with the companies during the period.
Vacancy numbers have remained very low throughout the timeframe, with consistent falls year-on-year of at least 88 per cent each month since April. However, volumes have increased over the latest months, with the September to November period seeing twice the number of new roles than were created between April and June.
Despite the number of redundancies made within the industry this year, there has also been a large fall in the number of new candidates searching for roles. Overall, the volume of new job seekers has fallen by 53 per cent since April compared to the same timeframe last year, although there have been wide monthly fluctuations.
Candidate numbers fell by a large 75 per cent in April, 76 per cent in May and 62 per cent in June before recovering somewhat to dip a relatively light 11 per cent in July. However, this was followed by decreases of 35 per cent in August, 42 per cent in September, 65 per cent in October and 49 per cent in November.
Salaries remain steady
Despite the unprecedented global events this year that resulted in drastic drops for both vacancies and job seekers, salaries for new jobs in travel have remained remarkably steady.
The average new travel job came with a wage of £28,504 between April and November 2020, which was up by 0.19 per cent (or £53) from the same months in 2019. Standard travel jobs (those paying up to £40,000) fell by 2.78 per cent during the timeframe to an average of £24,368.
Speaking about the stats, Barbara Kolosinska, Director at C&M Travel Recruitment and C&M Executive Recruitment, said: "We've experienced several global events in recent decades, but there truly has never been a more devasting few months for our industry than those that we have witnessed this year. With a 94 per cent reduction in travel vacancies since April, it has been an extremely testing time for us all, with some great talent having no choice but to leave the industry due to the lack of available positions.
"Thankfully, things appear to be improving and there are many reasons to feel increasingly positive. As well as the vaccine being rolled out, we are seeing incredibly encouraging figures from the first two weeks of December, suggesting this may become C&M's busiest month since the pandemic began.
"A substantial recovery for travel recruitment will, of course, take some time, but it does look like we will be ending the year on a somewhat positive note."
All figures are drawn from the salaries of 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 (Director - 07507 602 069 / firstname.lastname@example.org).