Salary Survey: Industry pay resilient in face of Covid-19
According to data from the largest sector recruiter Pentasia based on placed salaries across its network, the average total salary in the year from 1 July 2019 to 30 June 2020 was £58,264, a 1.25% year-on-year – or £736 – drop.
Pentasia also analysed average salaries pre- and post-pandemic, and found that the average salary from July 2019 to January 2020 stood at £55,000, with this falling 1.8% to £54,000 as the effects of the pandemic took hold from March to June this year.
Some departments or specialisms however were harder hit than others, most notably sales and product, with fewer roles and decreasing salary levels. Marketing was also said to have taken “a noticeable hit”, the recruiter told iGB this week.
More positively, redundancy rates remained low during the period from July 2019 to June 2020, while confidence for future employee growth remains high among employers.
A clear disparity between employer and worker perceptions on remote working exists however, with this now seen as a hugely ‘desirable’ long-term goal for employees but employers “generally much less keen to stick with it” .
The full iGB-Pentasia Salary Survey for 2020 will be published this month on iGB.
You can read an overview of last year’s here, and in-depth analysis of regional trends; hiring trends by specialism, and demand for different skillsets.