The majority of professionals in the Midlands are in line for a salary increase this year, with average pay packets predicted to climb by 5%, according to the latest Salary Survey by Robert Walters.
The increase is set to outstrip the national average of 4%, and is more than twice the rate of salary growth expected in the South East.
The Survey reveals a number of sectors where demand is outpacing the availability of qualified candidates, resulting in even higher spikes in pay rises. This is particularly evident for legal professionals, where salary increases are averaging 9%, with in-house lawyers commanding the largest increases.
Accountancy and finance professionals are also enjoying healthy rises, as underlined by an 8% increase in pay packets and greater flexibility in non-salaried benefits.
Professionals in information technology (5%), supply chain and procurement (9%) and human resources (5%) sectors are others who can look forward to a pay hike this year, highlighting widespread regional development.
Chris Poole, Managing Director – UK Regions, says:
"The Midlands is a vital hub for business growth in the UK, as evidenced by continued expansion and migration of business operations from London and the South East into the region. The Survey shows that the growing strength of the economy is driving an atmosphere of confidence among both professionals and employers in the region.
“While increased pay and benefits are important for many professionals, we are seeing more candidates putting a premium on good work-life balance and long-term career prospects. Along with increased salaries, therefore, prospective employees need to be assured that these opportunities are available to them.”
To request further information or comment on the Robert Walters UK Salary Survey, please contact:
Tel: +44 (0)20 7509 8839