Engineering salaries hit a three-month high, but majority still feel that they’re underpaid

Data from CV-Library explores the latest labour market trends

Hampshire, 3^rd August 2018 – Average salaries for engineering roles hit a three-month high in July, as pay increased by 1.8% year-on-year. That’s according to the latest findings from the UK’s leading independent job board, CV-Library.

The job board explored data taken from its own site over the past seven months and found that salaries have grown consistently since April 2018. But, despite salaries for engineering roles seeing positive growth, a separate survey from CV-Library found that nearly two-thirds (63%) of engineering professionals believe that they’re underpaid.

Lee Biggins, founder and managing director of CV-Library and EngineeringJobs.co.uk comments: “As organisations struggle to find people to fill their vacancies, we’re seeing many businesses push up their pay packets, in a bid to attract the right people to their roles.

“However, a separate study of ours has found that the majority of engineering professionals believe they aren’t being paid enough. If you’re a disgruntled employee, or a manager, it’s worth looking at average salaries in your industry to ensure that you’re being paid, or paying, what you should be.”

In addition, CV-Library’s July Job Market Report found that employers across the industry are clearly feeling defiant about their hiring efforts, with engineering jobs at a six-month high, increasing by 9.1% year-on-year.

What’s more, while average applications fell in July 2018, the amount of engineering candidates registering their CV on CV-Library is at a three-month high, increasing by 11.9% month-on-month. This suggests that many individuals are open to finding a new opportunity right now.

Biggins continues: “With unemployment at a record low, all sectors across the UK are bearing the brunt of continued skills shortages. However, it’s clear that the appetite is there for new roles, so long as employers are willing to offer the financial packages that job hunters desire.”

Check out CV-Library’s brand new salary guide for more insights on average pay.