The average salary for workers in the UK is expected to rise by 3% in 2016 which is great news for us all and shows real sign of growth as an economy. Some workers can anticipate their pay to grow more than others. That is according to Robert Half’s new 2016 Salary Guide. It suggests that the average salary in the UK will increase by 3% in 2016, up from 2015’s 2.6%.
Thinking of starting a career in Finance or IT? It may be a good time to do so. Jobs within these sectors are expecting salary rises between 5.7% and 7.4% in 2016, a huge rise gap between other sectors. There are reasons for the dramatic increase. There are definitely skill shortages and year after year, less skilled professionals available to these industries.
For instance, Gibbs S3 recently warned that the skills shortage in cyber security sectors has reached a crisis point.
Phil Sheridan is the Senior Managing Director at Robert Half UK. He explained: “The greatest salary increases are a clear indication of where the imbalance between supply and demand is highest.
“This is creating upward pressure on salaries for hard-to-fill roles such as applications developers, compliance experts, and information security managers; who are so essential to organisations operating in today’s fast-evolving yet tightly regulated commercial environment.
“Employers are having to move quickly to secure the best candidates and are offering other benefits to attract top professionals such as flexible working, annual leave and career breaks.”
Robert Half has created a list of the ten jobs expected to receive the biggest pay rise in the upcoming year. You can read the full list below.
1. Mobile Applications Developer
Expected salary increase: +7.4%
Expected salary: £32,500 – £61,500
2. Web Developer
Expected salary increase: +7.3%
Expected salary: £36,500 – £55,000
3. Junior Compliance Associate
Expected salary increase: +6.8%
Expected salary: £22,500 – £36,500
4. Information Security Manager
Expected salary increase: +6.6%
Expected salary: £63,250 – £97,000
5. Operation Risk Manager
Expected salary increase: +5.7%
Expected salary: £53,500 – £90,500
6. Financial Controller
Expected salary increase: +3.9%
Expected salary: £76,500 – £104,500
7. Senior Finance Manager
Expected salary increase: +3.7%
Expected salary: £54,250 – £64,750
8. Financial Business Partner
Expected salary increase: +3.6%
Expected salary: £47,000 – £59,750
9. Regulatory Accountant
Expected salary increase: +3.5%
Expected salary: £55,250 – £78,500
10. Qualified Management/Financial Accountant
Expected salary increase: +3.5%
Expected salary: £44,500 – £59,750