Automotive job market surging
Job applications, vacancies and salaries are all on the up in the UK, according to first quarter figures.
CV-Library’s job market report compared data from the first quarter of 2017 to the last quarter of 2016. It found that automotive was one of the most competitive industries to find a job in, with job applications seeing a very impressive quarterly increase of 39.3%.
While this was to be expected – with January typically being one of the busiest times for recruiters – it is still very promising to see the job market in the industry continuing to strengthen.
Lee Biggins, founder and managing director of CV-Library, said, ‘It is fantastic to see the job market in the automotive industry not only holding its own, but also expanding throughout the first quarter of the year. It is particularly promising to see a huge number of candidates in the sector actively looking for their next career challenge, and with salaries seeing an impressive rise, the financial benefits of making a career move are clear to see.’
Additionally, average advertised salaries experienced positive growth, with the automotive industry seeing strong pay increases when compared to the last quarter. In fact, the sector saw quarterly salary increases of 3.3% – well above the UK average of 2.4%.
Furthermore, total job vacancies have seen similarly encouraging growth, increasing by 16.8% when compared to the last quarter, highlighting the strong expansion aims of UK businesses in the industry, with job hunters more than happy to oblige.
Biggins said, ‘The first quarter of the year has proved to be a successful time for candidates and companies alike. With a huge number of candidates looking for a new job, businesses should have a very deep talent pool to choose from when it comes to filling a vacancy. That said, it is clear from our findings that hiring demand is not necessarily meeting candidate appetite, and we hope to see this improve in the next quarter.
‘2017 will inevitably bring a range of challenges to the job market, with the likes of Brexit, the ‘gig’ economy and worker automation constantly under the spot-light. However it is very promising to see the core automotive job market strengthening and expanding throughout this period.’