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.
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The top industries for salary growth (February 2017 vs. February 2016) included:
- Automotive – 9.1%
- Property – 8.6%
- Manufacturing – 7.7%
- Legal – 7.5%
- Accounting/Finance – 6.4%
- Hospitality – 3.7%
- Recruitment – 3.6%
- IT – 2.4%
- Education – 2.2%