Insight: Sales salaries rise, as competition for the top candidates remains fierce, CV- Library
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It’s clear that organisations are working hard to attract talented sales professionals into their roles, with advertised salaries for these positions witnessing a 4.3% increase last month. That’s according to the latest data from CV-Library, the UK’s leading independent job site.
The data explored fluctuations in salaries, jobs and applications throughout April and compared these with statistics from the same period in 2017. While the nation, as a whole, saw salaries rising by 2% year-on-year, the sales sector saw an above-average hike in pay, making it onto the list of the top 10 industries for salary growth right now. The full list includes:
- Legal – Salaries rose by 11.3%
- IT – Salaries rose by 7.2%
- Social care – Salaries rose by 7.2%
- Marketing – Salaries rose by 4.4%
- Sales – Salaries rose by 4.3%
- Automotive – Salaries rose by 3.9%
- Accounting – Salaries rose by 3.4%
- Engineering – Salaries rose by 3.1%
- Recruitment – Salaries rose by 2.7%
- Catering – Salaries rose by 1.2%
Lee Biggins, founder and managing director of CV-Library, comments: “It’s great to see that employers across are remaining positive in the face of ongoing uncertainty, and that many are continuing to invest in their recruitment efforts for sales positions. With salaries rising across the industry, the data suggests that the competition to secure the top talent isn’t letting up any time soon!”
Furthermore, advertised jobs were also up last month, increasing by 7.1% year-on-year. That said, candidate appetite was not keeping pace with employer demand, with application rates dropping by 7.4% when compared with data from April 2017.
Biggins concludes: “Last month’s ONS employment figures also revealed that unemployment rates had dropped once again, suggesting that professionals are not feeling confident enough to move around the job market right now. If businesses hope to entice talented sales professionals out of their current roles, they must continue to offer the most competitive packages they can.”
