Retail salaries rise as April sees vacancies increase

Advertised salaries in the retail sector saw a 1.7% increase last month, according to the latest data from job site CV-Library.

Advertised jobs rose by 29% year-on-year, however application rates dropped by 13.1% when compared with data from April 2017. Pay rates in retail fell by 6% year-on-year.

CV-Library suggests that the trade is trying its best to attract talented candidates in its time of uncertainty.

Lee Biggins, founder and managing director of CV-Library, said: “It’s great to see that employers across the retail sector are remaining positive in the face of economic uncertainty, particularly given the ongoing struggles currently facing the industry.

“With salaries rising across the industry last month, the data suggests that the competition to secure the top talent isn’t letting up any time soon.”

He added: “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 in the industry hope to entice candidates out of their current roles, they must push to offer the most competitive packages they can.”