Average salaries for hospitality roles hit a six-month high in July, as pay increased by 6.1% month-on-month, above the national inflation rate of 2.3%.
According to data from independent job board CV-Library found that salaries had grown consistently since January 2018. However, despite pay for hospitality roles seeing positive growth, a separate survey from CV-Library found that 80% of hospitality professionals believe that they’re underpaid.
In addition, CV-Library’s July Job Market Report found that jobs in the hospitality sector were increasing by 8.1% year-on-year.
While average applications fell in July 2018, the amount of hospitality candidates registering their CV on CV-Library increased by 7.1% month-on-month, suggesting that many individuals are open to finding a new opportunity right now.
Lee Biggins, founder and managing director of CV-Library, said: “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 hospitality 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.”
Biggins added: “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.”