- Executive salaries led the way last year
- Small dip in pay for standard roles
- Wages increased at faster pace in north than south for third year running
Strong growth for executive pay in 2014
Salaries for the typical new executive travel role rose by just under five per cent last year, while pay for standard roles saw a small fall, according to the 2014 Travel Salary Index from C&M Travel Recruitment, which looked at all new roles registered at the companies during the year.
The average executive travel job (those paying £40,000 or above) came with a salary of £58,418 in 2014, which was the highest figure the index has ever seen and marked the fourth successive year of growth. Conversely, wages for standard travel positions (below £40,000) fell by 1.03 per cent to stand at £19,702, however this remained 2.15 per cent above the 2012 average.
As a result, overall salaries in the travel industry were broadly static last year with a dip of just 0.08 per cent to reach an average of £24,810.
“It was a great year for those searching for new executive travel roles, with the average salary being five per cent, or £2,778, higher than in 2013,” said Barbara Kolosinska, Director at C&M Travel Recruitment.
“Early signs suggest that 2015 could be even stronger, with executive salaries rising to a three-year high last month, so it is clear that many travel companies are currently willing to increase their salary packages in order to attract the best senior members for their team.
“However, overall there was a very small dip in travel salaries in 2014, but this is almost entirely a result of the weak start to the year. In fact, since May, salaries have risen by 2.88 per cent compared to the same months in 2013 – which is a far more encouraging indicator for the year ahead!”
North rises against south
Despite average wages for travel jobs remaining considerably higher in the south (£25,676) than in the north (£21,442), the gap has closed for the third successive year. Salaries rose in the north of the country by 1.59 per cent in 2014, compared to a 0.64 per cent fall in the south.
“This is the third year in a row that northern salaries have closed the gap on southern ones,” said Ms Kolosinska. “Travel wages remain an average of 19.75 per cent higher in the south than in the north but they were 25.98 per cent greater as recently as 2012, so a trend is clearly developing.
“This potentially means that the travel jobs market in the north of the UK becomes increasingly competitive this year as more people are attracted to the wages on offer in the likes of Manchester and Aberdeen.”
Candidates and vacancy numbers see small dip
In terms of new candidates and travel vacancies, the market slowed down slightly last year with a 1.42 per cent fall in registrations and a 3.30 per cent dip in new travel roles. However, both measures ended the year strongly with year-on-year growth recorded across the last six months of 2014.
All figures are drawn from the salaries of the new vacancies advertised with C&M Travel 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).