Lancashire workers in key sectors are cashing in on the skills shortage in some professions, says a new survey today.
According to an analysis of job placements made by the specialist recruitment company Hays, over the past year salaries for some professionals in the North West have risen by over 10 per cent.
Some of the greatest salary increases have been in construction, IT and procurement.
Counter offers are becoming prevalent in all professions as employers compete for the best talent, says Hays.
The survey of more than 700 employers and employees in the North West, which received over 10,000 responses nationwide, indicated that employers are confident their business activity will increase over the next 12 months and this will result in greater hiring.
Seventy per cent of employers are planning to increase head count over the next 12 months. However, 79 per cent are already concerned that they will encounter a shortage of suitable candidates.
Andrew Bredin, regional managing director of Hays in the North West, said: “Although salary increases aren’t yet widespread, there are definite pockets of very significant rises, which have been fuelled by skill shortages.
“To date, the greatest salary increases have been in sectors suffering from skill shortages where there simply aren’t enough people to fill the gaps. IT, finance, engineering and construction are all prime areas where jobseekers often have the pick of two or three jobs – they get snapped up quickly by employers.”
Mr Bredin said that, in Lancashire, a mix of housing and commercial construction projects across the North West was driving demand within the construction industry.