Advertisement
Home // Latest News // People // Hospitality sector salaries rise by 3.7% in February

Hospitality sector salaries rise by 3.7% in February

Salaries in the hospitality industry increased by 3.7% in February when compared with the same month last year, according to new data.

Job site CV Library analysed job market data from February this year with the same month in 2016 and found hospitality to be the sixth best performing sector after the automotive, property, manufacturing, legal and accounting/finance sectors.

Furthermore, when looking at month-on-month data, the hospitality industry was one of a few to see a small increase in pay, rising by 0.4%.

Lee Biggins, founder and managing director of CV Library, said: “With businesses across the sector keen to attract only the best candidates to their job roles, it’s positive to see that companies are pushing their salaries up in order to offer competitive pay packages to talented recruits.

“This is clearly one tactic that hospitality organisations are using in an effort to stay one step ahead of their competition.”

Alongside this, the hospitality industry was also one of the only industries to see applications jump last month, increasing by 6.5% when comparing data with February 2016. Applications also rose by 8% month-on-month.

The top industries for salary growth (February 2017 vs. February 2016) included:

  1. Automotive – 9.1%
  2. Property – 8.6%
  3. Manufacturing – 7.7%
  4. Legal – 7.5%
  5. Accounting/Finance – 6.4%
  6. Hospitality – 3.7%
  7. Recruitment – 3.6%
  8. IT – 2.4%
  9. Education – 2.2%

About Tom Davis

Tom Davis
A graduate from Staffordshire University with a degree in Journalism and Media Studies, Tom enjoys photography and is a keen cyclist. Please do drop him an email with any potential new story ideas.

Check Also

AccorHotels to acquire Travel Keys

AccorHotels has announced today it has begun exclusive negotiations for the acquisition of Travel Keys, …

Why not sign up to the Hotel Owner Daily Briefing?

Why not sign up to the Hotel Owner Daily Briefing?

Join our mailing list to let Hotel Owner deliver the latest news from across the UK hospitality industry, directly to your inbox.

We have added you to our list! Please check your inbox to confirm your subscription.