picture released, Gt
A professional recruitment firm says it is hiring newly graduated lawyers with salaries of up to £150,000, amid a staff shortage.
Alan Bannatyne, chief financial officer at Robert Walters, told the BBC that people in many industries in the UK were quitting their jobs for better-paying jobs amid rising demand.
He stressed that “15 percent was the minimum increase in wages, but some raise salaries by up to 50 percent.”
He added, “Unless something important happens (that changes events), 2022 should be a better year for the staff.”
Robert Walters’ company, which recruits professionals, said companies were in “fierce competition for talent” and it was “extremely difficult to find the right people”.
As a result, Bannatyne noted, salary inflation was the highest in 20 years, although there were “winners and losers” due to the spread of COVID-19 and not everyone was in a position to pay well.
He told the BBC: “Retailers and airlines have really struggled, so they probably won’t pay bonuses or raise wages.”
“They have become a hunting ground for growing companies, such as online retailers and anything to do with technology, digital technology, and manufacturers of household goods,” he added.
Robert Walters, which has offices in Asia, Europe and the United States, said it had its best December month ever, as its net fee income rose 39% globally.
She said demand in the last three months of the year was strongest in the Asia Pacific region, but the trend of staff shortages was evident around the world, including in the UK.
Huge bonus set
Skills shortages were particularly evident in sectors such as law, where vacancies for law firms in London rose by about 131 percent year-on-year between January and November last year, according to data from recruitment firm BCL Legal and the data company. Vince Soft.
It is noteworthy that lawyers who have recently started their profession now earn in the best known firms, up to 147,000 pounds before bonuses.
City banks have also boosted entry-level salaries to retain them, and Robert Walters’ company expects this year’s bonus pool to be “huge”.
There was also a pay rise in already low-wage jobs. Sainsbury’s last week became the latest supermarket to pay store workers at least £10 an hour, following similar moves from rival stores such as Morrisons, Lidl and Aldi.
All in all, new jobs in the UK are at record levels since the economy reopened as employers scramble to meet demand.
Meanwhile, many workers have reassessed their careers during the lockdown and changed or quit their jobs, in what some have called the “big resignation”.
This helped drive up salaries across the UK, with average total wages, including bonuses, growing at 4.9 percent year-on-year between August and October.
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https://www.bbc.com/arabic/business-59953955
