Average Liverpool salary jumps in July… but people in the city are still underpaid

Data from the files of one of the UK’s biggest independent job sites CV-Library reveals average Liverpool salaries jumped 6.7% in July compared to the same month in 2017. Tony McDonough reports

Money, business, growth, pound
Workers in Liverpool believe they are underpaid despite a rise in average salaries

 

One of the UK’s biggest jobs sites says data from its own files shows average Liverpool salaries jumped 6.7% in July compared to the same month in 2017.

However, in a separate survey also carried out by CV-Library, more than 60% of people in the city believe they are not being paid enough for the job that they do.

The rise in average salaries in July put was well above the national inflation rate of 2.3% and considerably outpaced the national average, which saw a much smaller growth of 1.7%.

In addition, CV-Library’s data revealed the city was the top location for job growth last month, with advertised vacancies hitting a seven-month high in July and rising by 31.2% year-on-year.

In the survey, again from the company’s own files, it is revealed the average annual salary in Liverpool is £31,474 and that 62% of people in the city believe they are underpaid. And when the figure is compared to the national average of £33,200, they’d be right – it is 5% less.

Lee Biggins, founder and managing director of CV-Library, said: “Liverpool’s economy is certainly standing strong, as reflected in our findings. Employers are feeling confident and understand that they need to offer competitive salaries, in order to secure the top workers.”

And on the survey which revealed people felt underpaid, he added: “We often hear that candidates look for a new job to secure a higher salary, so we wanted to explore how true this sentiment is in the UK, comparing the insights against our own salary data.

“It certainly confirms that the vast majority of workers believe that they’re underpaid and it’s clear that this feeling is more apparent in the North.

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