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Industry News money notes

Published on August 3rd, 2016 | by The GC Team

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Salaries in retail sector continue to rise

Salaries in the retail sector continued to increase in July, with data showing growth of 8% compared to the previous year.

According to independent job site CV-Library, the retail industry saw the highest rate of UK salary growth, placing it at number one on the list of the top five sectors that posted the biggest increases in July.

  1. Retail – 8%
  2. Legal – 7.2%
  3. Accounting/Finance – 6.9%
  4. Education – 5.9%
  5. Property – 5.7%

In further positive news for the sector, CV-Library said that candidate registrations increased 1.5% year on year, and application rates were up by 3.3%, suggesting that job hunters are still active despite recent instability in the industry.

The data does, however, reveal a year-on-year drop in job postings, down 17.5% from July 2015.

Lee Biggins, founder and managing director of CV-Library, said: “The retail sector has recently been plagued with instability, so it’s great to see that candidate appetite is still strong, with CV registration rates continuing to grow.

“The rise in salaries is also positive, as it indicates that businesses are pushing to offer candidates fair salaries and provide stability in the face of post-Brexit uncertainty. It’s reassuring for job hunters that retail organisations are recognising the need to offer the right workplace perks in order to attract the best talent, especially when competition is so fierce.”

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Get Connected is the top trade journal for the UK electricals industry. Its website is the fastest, most interesting and up to date in the business.



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