Travel Salary Index - March 2018
New Salary High For Standard Travel Jobs
C&M Travel Recruitment and C&M Executive Recruitment’s
- Standard travel wages jump through £25,000 barrier for first time
- Average travel wages rise 9 per cent to wipe out February’s falls
- Candidate numbers reach near record high
Record month for travel wages
In another hugely volatile month for travel salaries, wages for the typical new travel job (those paying up to £40,000) broke the £25,000 barrier for the first time to set a new record, according to the latest Travel Salary Index from C&M Travel Recruitment and C&M Executive Recruitment which surveyed all new vacancies registered with the companies during the month.
With a figure of £25,139, standard travel job salaries jumped by 10.28 per cent in March 2018 and by a huge 14.46 per cent from the same month last year.
March’s figure caps an incredibly unpredictable first quarter of 2018 for standard travel roles, which were up 12.21 per cent in January, then down 6.83 per cent in February and up 10.28 per cent in March, but importantly, all three months saw increases compared to their equivalent timeframes in 2017.
There was also huge movement for overall travel wages in March which rebounded back to £26,910 with a massive 9.18 per cent increase, after falling by 7.27 per cent in February and rising by 7.91 per cent in January. This was their highest monthly figure since last September and the second highest number in the past five years.
Candidate numbers see big gain
The number of new candidates registering for travel jobs in March 2018 jumped 43 per cent from February and, despite a small 2 per cent dip from March 2017, recorded the third highest total since the index began in 2012.
March also saw a 4 per cent rise in the number of new travel vacancies being created, which was the third consecutive monthly increase and means that the total stands at its highest level since September 2017.
Speaking about the figures, Barbara Kolosinska, Director at C&M Travel Recruitment and C&M Executive Recruitment, said: “March’s record salary highs are obviously fantastic news and will be particularly pleasing to the many people currently searching for a new job in travel. However, the volatility of the market so far this year means we shouldn’t automatically presume these wages are here to stay.
“What’s most encouraging is that wages across the first quarter of 2018 rose by 3.5 per cent from the same months last year, so there are definite signs that companies are increasing their salaries and aiming to attract the best candidates around.”
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).