Staff working in Brighton and Hove saw an average of a ten per cent salary increase this year, making the seaside city top in the country for salary growth.
Brighton salaries were up 9.9 per cent year-on-year, according to research from job site CV-Library. The data, which was calculated by comparing job market data from February 2017 with February 2016, also showed a month-on-month salary jump in the city.
Lee Biggins, founder and managing director of CV-Library, said: “It’s great to see that Brighton is the top city for salary growth – the city is a hub to some very exciting organisations, and with direct links to London it has quickly become a secondary hub of economic activity. With more and more organisations putting out job adverts, competition to attract skilled workers is fierce. The offering of strong pay packages is clearly one tactic that companies across the city are using in an effort to stay one step ahead of their competition.”
Joining Brighton in the top five cities for pay rises are Edinburgh (9.5 per cent), Hull (8.6 per cent), Bristol (8.6 per cent) and Manchester (6.8 per cent).
Although this year also saw a 5.3 per cent jump in the number of jobs advertised, the number of people applying for jobs in Brighton and Hove plummeted by 3.3 per cent. This suggests that although companies are confident to trade in the city, candidates do not desire Brighton jobs at a level in keeping with employer desire to recruit.
Mr Biggins said: “It’s unsurprising to see applications dropping off after January; the mantra of ‘New Year, new me’ means that January is traditionally one of the busiest periods for recruiters, with job applications vastly increasing in number. The challenge for businesses now is to tap into this talent pool while it’s still available. As a result, we’re seeing increasingly fierce activity from companies, with job postings and salaries on the rise. All this bodes well for the candidates out there looking for their next move, with companies keen to bring in the best talent.”