Average salaries for new hospitality roles have soared by38% – a higher rate than any of the other ten sectors monitored, UK independent job site CV-Library’s data research found. The site, which correlated data fromNovember 2018 with the same period in 2017, has found the rate of salary growth in hospitality is the highest of ten key sectors including IT, accounting and construction.
Lee Biggins, founder and managing director of CV-Library, said:
“This staggering increase in salaries is a direct result of the on going struggles that many businesses are currently facing. Ongoing economic uncertainty, coupled with the growing skills gap, is making it difficult to entice candidates away from their current positions. As such, it’s clear from the data that organisations in the hospitality sector are pulling out all the stops to secure the top talent.”
It comes as hospitality attempts to inflate wages to compensate for the skills shortage currently gripping the industry during the uncertainty of Brexit. In October it was revealed the average hourly pay of workers over 25 in the UK hospitality industry is £8.60 – 39p above the new £8.21 National Living Wage announced in next year’s budget.
Under the new NLW, the minimum hourly rate that workers aged 25 and over are entitled to will increase from £7.83 to £8.21.
Under 18 – increase from £4.20 to £4.35 an hour
18/20 – £5.90 to £6.15 an hour
21/24 – increase from £7.38 to £7.70 an hour
Apprenticeship – increase from £4.20 to £4.35
Mike Shipley, analytics and insight solutions director at software provider Fourth, said:
“Considering hourly wages of hospitality workers increased by 4.8% over the last six months, it’s likely the gap between real wages and the new thresholds will be further exacerbated between now and April. Attracting and retaining quality employees is one of the biggest challenges hospitality operators now face and with a well-documented shortage of labour, particularly in skilled back-of-house roles, operators are offering competitive rates, alongside development programmes, incentives and other initiatives to attract the best employees, which are all driving up costs.”