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13th November 2018 Wages In UK Increasing At Fastest Rate Since 2008
The UK unemployment rate has increased slightly but wages are increasing at faster rate. The unemployment rate increased to 4.1 percent.
Average weekly earnings excluding bonuses rose by 3.2 percent on the year in the third quarter of 2018 which is biggest rise since the fourth quarter of 2008
The Bank of England BoE is forecasting wage growth at 3.25 percent by late 2019.
8th November 2018 UK Wage Rises For New Workers So Get A New Job Today!
UK starting salaries are rising at one of the fastest rates in three years due to growing skills gap and increasing job vacancies.
According to the Recruitment and Employment Confederation REC new staff salary growth is at a 3 year high.
UK firms are having to pay more to attract new employees. Finding a new job could bag you a healthy new pay rise.
For workers not willing to move you should on average be getting the fastes pay rise since 2009 as average pay excluding bonuses are increasing at 3.1 percent.
The REC data showed demand for both permanent and temporary staff increased in October. Available staff reduced by the most in nine months.
Shortages of IT workers engineers nurses and care staff were particularly widespread
— cheeringup (@cheeringup) September 4, 2018
25th February 2018 Nearly A Million Job Vacancies In UK
A total of 823,000 job vacancies were advertised in January according to the Officer for National Statistics ONS. Low-paid workers should be looking to capitalise on this by changing job for higher salary benefits and career prospects.
If you have unattractive wages or working conditions, why are you putting up with it when there are so many alternative job vacancies waiting for you to apply?
If you aren’t getting a wage rise of more than 3 percent in 2018 you are accepting a pay cut. Many people, including the Prime Minister of Japan reckon employers should increase wages faster to increase corporate income as well as personal income so its your national duty to look for a new job today.
17th January 2018 Wages Expected To Increase Faster In UK
Bank of England policymaker Michael Saunders expects UK wage growth to accelerate in 2018 as Brexit results in fewer foreign workers coming to Britain.
In a speech in London, Mr Saunders said much of the new jobs created in the UK have until recently been filled by foreign workers. However the Brexit vote in June 2016 has resulted in the numbers of EU workers coming to UK falling as the UK has become less attractive to these workers especially as the value of the pound has also fallen each pound taken back to EU country is now worth less to EU workers working in UK.
UK firms will have to pay UK workers more to do the same jobs and attract workers to vacant posts. Mr Saunders, who is a member of the Bank of England’s Monetary Policy Committee which sets UK interest rates, thinks wages will increase by 3 percent in 2018, much faster than 2017. As a result the Bank of England will be forced to increase interest rates in UK again. The Bank of England uses wage rises to decide interest rate levels. Increasing wage rises will lead to increased UK interest rates.
Many UK jobs vacancies will remain unfilled as a result of drop in foreign worker inflows and as a result the UK will need to increase its productivity to keep up with demand.
9th January 2018 UK Hires Permanent Staff At Fastest Rate Since August 2017
British companies recruited full time employees at fastest pace for 4 months in December in a recruitment environment evidencing growing skills gap and rising starting wages.
The Recruitment and Employment Confederation REC says UK employers are having to increase wages to attract new staff. The Bank of England BoE has forecast faster wage growth for 2018 due to low unemployment and growing skills gap.
If you are looking for an increase in your wage, 2018 should be the best year to get one.
2nd January 2018 Most People In UK Didn’t Get A Pay Rise In 2017
Two thirds of UK workers didn’t get a pay rise or career progression in 2017 according to a totaljobs.com survey of over 5,000 employees in UK.
If your present employer is not developing your career or your rewards for your skills and experience, you need to look around for an employer which does value you.
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- If the recruiter you are actually talking to has only just started searching for a candidate for a job vacancy or has been searching for candidates for 6 months or more you may be wasting your time speaking to that recruiter.
- Recruiters who have just started looking for candidates rarely hire the first list of job applicants. It is a bit like X Factor. If you are up first then you will be forgotten come the decision on who progresses to the next stage!
- If the recruiter has been trying to fill the job vacancy for 6 months or more then the recruiter may lack the experience to get you the job or nobody has the skills to meet the job description and you could again be wasting your time.
- Ask the recruiter if they have put any candidates forward for the job vacancy. If so why did they fill to get the job? If the recruiter gives you this info it may help you identify if you would fair any better? Have you got the missing skill or ability to be more successful in applying for the job vacancy.
- Fully appraise yourself of the recruitment screening process for each job vacancy. This includes identifying who you will potentially work with and how many rounds there are in the recruitment process interviews and assessments.
- If the recruiter finishes their introduction to the job vacancy they are working on and does not agree to a specific date and time for feedback after they plan to speak to their client assume the recruiter does not think you are good enough for the job vacancy.
- Check out the experience and track record of the recruiter you are talking to. If they have no experience then it suggests they are not that into you. That is not to say you will not progress to next stage. It just means you are about as far away from getting a job with that recruiter as it is possible to be!
It is your national duty to find a job that increases your wages by at least 3.0%. By the end of 2017, inflation will be running at 3.0%, so just to stand still, cost of living-wise, you need a pay increase of 3.0%. By finding an employer who more fairly values your skills and experience, you will help drive UK economic growth. Stagnating UK wages is holding the UK economy back.
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