Professional workers set for salary rise in 2016, report says
Salaries for professional occupations in the UK will grow well ahead of the current inflation rate in 2016, research has found.
According to Robert Half 2016 Salary Guide, workers who occupy professional roles in the finance and accounting, financial services, administration and IT industry will see their salary grow on average by 3% over the next 12 months.
The expected increase is higher than the 2.6% gain the American consulting firm forecast last year and it is also marginally above the 2.8% rise announced in Wednesday’s Labour Market Statistics.
More importantly, the figure is considerably ahead of Britain’s current inflation rate of -0.1%.
Salaries for the roles that are the most difficult to fill are predicted to rise the most quickly in 2016, the report added. T
In the risk and compliance function within financial services firms, salaries are forecast to register a 4.9% increase on average, while the average gain in information technology roles is expected to be approximately 4%.
“Businesses are actively seeking the skilled professionals they need to achieve their growth goals,” said Robert Half UK’s senior managing director Phil Sheridan.
“With the growing supply and demand imbalance, salaries for specialised roles are expected to rise.
“Hard-to-fill roles are experiencing higher than average pay rises due to the increased competition for these candidates.”
Meanwhile, senior operational risk managers and mobile application developers are set for a bumper rise, with the average salary expected to rise by 6.8% and 7.6% respectively.