Those who took up a new job in the travel industry in the first half of this year were offered, on average, 13% more than new recruits a year ago.
The average wage for a new recruit now stands at £37,747, up £4.302 year on year, according to the latest Travel Salary Index from C&M Travel Recruitment.
The increase follows a similar rise of 12.6% in the first six months of last year.
However, much of the increase appears to be due to the large number of roles with salaries of between £40,000 and £55,000, which skewed the average figure upwards, said C&M.
Standard jobs (those paying less than £40,000) rose 7% to £31,275, almost £2,000 more than at the start of last year, when the average pay was up 6% on the first half of 2022.
But for roles paying between £22,000 and £29,999, wages increased by just 0.16% (or £43) in the first half of 2024 compared to the same months in 2023.
And a lack of new roles above £60,000 caused an 8% drop in the average senior salary (those paying £40,000-plus) to £53,925. This followed a 17% rise in the first half of last year.
In the business travel sector, salaries rose 12.5% to an average of £36,046, which followed a 9% rise in the same months last year, but there was a 61% drop in candidates being placed in new roles.
C&M Director Barbara Kolosinska said: “On the face of it, salaries in the travel industry are increasing by double digits year after year, which is fantastic news, but this isn’t the full story.
“Wages are certainly rising for some in-demand roles and we are seeing an increasing number of positions that are now offering very attractive salaries in the £40,000 to £55,000 range. This is excellent news for candidates at this level who now have a range of roles offering salaries at the same level as similar positions in different industries.
“However, after the big hike in pay for lower-level roles that we saw following the pandemic, wage growth for many of these positions has now stalled. This gives these employees little incentive to re-enter the jobs market and change roles.”
Overall, travel recruitment dipped in the first half of 2024, with an 11% drop in new candidates and a 34% fall in vacancies.
Barbara said one reason for the drop in recruitment was that many companies had filled long-term vacancies immediately post pandemic. “But with the recent general election providing clarity regarding the government’s position going forward, we’re hopeful that this will inspire confidence and prompt many travel companies to broaden their recruitment plans,” she added.
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The average wage for a new recruit now stands at £37,747, up £4.302 year on year, according to the latest Travel Salary Index from C&M Travel Recruitment.
The increase follows a similar rise of 12.6% in the first six months of last year.
However, much of the increase appears to be due to the large number of roles with salaries of between £40,000 and £55,000, which skewed the average figure upwards, said C&M.
Standard jobs (those paying less than £40,000) rose 7% to £31,275, almost £2,000 more than at the start of last year, when the average pay was up 6% on the first half of 2022.
But for roles paying between £22,000 and £29,999, wages increased by just 0.16% (or £43) in the first half of 2024 compared to the same months in 2023.
And a lack of new roles above £60,000 caused an 8% drop in the average senior salary (those paying £40,000-plus) to £53,925. This followed a 17% rise in the first half of last year.
In the business travel sector, salaries rose 12.5% to an average of £36,046, which followed a 9% rise in the same months last year, but there was a 61% drop in candidates being placed in new roles.
C&M Director Barbara Kolosinska said: “On the face of it, salaries in the travel industry are increasing by double digits year after year, which is fantastic news, but this isn’t the full story.
“Wages are certainly rising for some in-demand roles and we are seeing an increasing number of positions that are now offering very attractive salaries in the £40,000 to £55,000 range. This is excellent news for candidates at this level who now have a range of roles offering salaries at the same level as similar positions in different industries.
“However, after the big hike in pay for lower-level roles that we saw following the pandemic, wage growth for many of these positions has now stalled. This gives these employees little incentive to re-enter the jobs market and change roles.”
Overall, travel recruitment dipped in the first half of 2024, with an 11% drop in new candidates and a 34% fall in vacancies.
Barbara said one reason for the drop in recruitment was that many companies had filled long-term vacancies immediately post pandemic. “But with the recent general election providing clarity regarding the government’s position going forward, we’re hopeful that this will inspire confidence and prompt many travel companies to broaden their recruitment plans,” she added.
The post If you switch jobs now, will you get a pay rise? appeared first on Travel Gossip.
Continue reading...
