Hospitality sector wages increase by more than a third

Lamont Pridmore - Accountants

According to a report by job site CV-Library, wages for job postings in the hospitality sector rose 38 per cent last month as business owners struggle to find staff.

The report, which compared data from November 2018, with the same period in 2017, found that hospitality was one of the nation’s biggest industries to see hikes in advertised salaries last month.

The average salaries for new roles reached a 12-month high in the hospitality sector, soaring by 38 per cent in November.

Employers in the industry are continuing to advertise their job vacancies ahead of the New Year, with the number of live job vacancies increasing by 7 per cent in November. However, applications fell by 5.2 per cent over the same period.

Lee Biggins, CV Library’s managing director, said the higher rates of pay are a direct result of the ongoing struggles that many businesses are currently facing.

He added that the UK’s economic uncertainty and a widening skills gap have made it difficult to entice candidates away from their current positions.

Earlier this year, CV-Library published more data which showed that hospitality workers have the fastest growing pay packets of any other sector, with wages rising by 10.4 per cent by the end of 2017.

Despite this, a YouGov survey found that around 330,000 members of staff are considering leaving the UK due to Brexit, which could result in a severe shortage of workers.

A UK hospitality spokesperson said: “The increase in wages point to a restriction in the available workforce, which is why access to labour post-Brexit is vital for employers.

“However, the data should be taken at face value as the hospitality sector provides a wide variety of roles across necessarily different pay grades so it may be difficult to apply data across the entire spectrum of jobs.”