Manufacturing jobs thrive, but salaries take a hit

The manufacturing sector’s labour market has shown signs of withstanding the recent Brexit and the dreaded ‘summer slowdown’, with the latest data from the UK’s leading independent job site, CV-Library, revealing an increase in jobs and candidate applications in August 2016.

The job site compared data from August 2016 with August 2015 and found that the manufacturing sector was amongst the top five sectors for job growth last month, outpacing the national average (21.8%). The top five included:

1. Automotive: 43.2% growth

2. Manufacturing: 36.5% growth

3. Marketing: 31.8% growth

4. Construction: 30.3% growth

5. Catering: 24.8% growth

According to the data, candidate applications in the manufacturing sector also rose by a staggering 25.4% compared with the previous year (far higher than the national average of 5%), suggesting that job hunter appetite during this period was also rife.

Lee Biggins, founder and managing director of CV-Library comments: “It’s extremely positive to see that the manufacturing sector did not fall victim to the typical ‘summer slowdown’ this year, especially given that there is still a great amount of uncertainty around the impact of the Brexit on jobs. Our data tells us that organisations across the industry have recognised the need to tap into candidates who might have used time-off during the summer months to think about, and look for, new opportunities.”

Despite these positive figures, the data does reveal that manufacturing salaries were down by 3.8% during this period, while the national average actually increased by 4.7%. The biggest drops in salaries were seen in the following sectors:

1. Social Care: 8.4% decrease

2. Hospitality: 4.4% decrease

3. Manufacturing: 3.7% decrease

4. Media: 1.5% decrease

5. Retail: 1.1% decrease

Biggins continues: “In the face of the UK’s current economic woes, it’s not too much of a shock that salaries are down in the manufacturing sector. That said, with the national average actually rising, it’s definitely still too early to tell whether the industry is lagging behind this summer, or whether it’s a direct impact of the current economic climate. Despite ongoing uncertainty, it’s clear that the industry’s labour market is continuing to thrive and businesses and candidates alike should be confident in the fact that the job market is growing, and application rates are remaining strong.”

This news will be warmly welcomed by candidates in this months’ predicted job hunter surge.

Find out more at www.cv-library.co.uk.

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