Travel Salary Index - March 2019
Salaries Rise But Travel Candidate Shortage Hits Market
C&M Travel Recruitment and C&M Executive Recruitment’s
- Salaries rise to highest point since September
- Standard travel wages increase for first time in 2019
- Placements rise but new candidate numbers see further fall
Strong month for travel salaries
With a 4.15 per cent monthly increase, salaries for the average new job in travel have risen to their highest level since last September, 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.
March’s figure of £27,579 is also up 2.49 per cent from the same month in 2018 and up 4.71 per cent on the rolling 12-month average. It was also a positive month for standard travel jobs (those paying up to £40,000) with average salaries rising by 2.25 per cent to £24,817 – their first monthly increase of the year. There was a big jump of 7.02 per cent on the rolling 12-month average, but wages fell by 1.28 per cent compared to March 2018, which was the first year-on-year fall since December 2017 following 14 months of successive rises.
Candidate numbers slip in March
It was a poor month for new candidates, with registrations falling to their weakest March total since at least 2011 meaning that the number of new job seekers has now dipped year-on-year for ten months in a row.
Despite this, the amount of successful job placements remained healthy and rose by three per cent compared to March 2018, while the volume of new travel jobs also stayed above average after a marginal monthly rise of one per cent despite a year-on-year fall.
Speaking about the stats, Barbara Kolosinska, Director at C&M Travel Recruitment and C&M Executive Recruitment, said: "Travel salaries increased by an average 4.15 per cent last month, but more importantly, they rose across all levels of the travel industry from entry positions to executive roles. This is great to see and means that the average new travel job now pays £669 more than at the same point in 2018.
"However, it's concerning that candidate numbers are down year-on-year once again. It's hard to say exactly how much impact the prolonged Brexit uncertainty is having on the recruitment market, but it clearly is a factor for many potential candidates who are choosing to remain in their current roles rather than look for a change. However, now that the UK appears to be remaining in the EU until at least the end of October, we're hopeful that we'll see activity levels improve over the rest of spring and into summer."
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).