Pay for new roles is up by nearly 40% in the UK, making September the ideal time to look for a new job.
Data from job board CV-Library shows salaries for new roles have risen by a staggering 37.8% year-on-year, meaning you could earn a bumper new pay packet this month!
Certain regions across the UK witnessed even bigger surges in pay. Salaries in the north east are up by a whopping 80%, while the south-east has seen 64% increase, and the south-west 61%.
Meanwhile, the east of England and east midlands saw smaller increases of 35% and 34%, respectively.
The data also shows there were 2.2% more jobs on offer in August compared to last year, with the biggest jump of over a quarter (27%) witnessed in Glasgow. Brighton and Southampton saw a jump of 12%.
Conversely, the biggest drop in job vacancies of 11% were seen in Newcastle and Leicester, followed by Birmingham at 5%.
Interestingly, the data also shows applications are up by 10% year-on-year, suggesting that job seekers are making the most of booming pay.
Applications increased the most in the south-east, by 15%, followed by a 13% rise in the east of England, and 11% in the south-west.
Lee Biggins, CEO of CV-Library, said: “Given the busy holiday season, August is a notoriously tricky time to hire, so it’s no surprise that companies are pulling out all the stops to attract job hunters to their roles.
“What’s more, with more jobs on offer, it’s definitely an ideal time to consider moving jobs and securing yourself a bigger pay packet.
He added: “These salary rises shouldn’t cover up the fact that there is a lot of economic uncertainty right now. If you do plan on moving jobs, make sure it’s the right move for you before jumping into any drastic decisions. The market isn’t as strong as it appears.
“Many Brits are making the most of this pay and jobs boom, so remember it isn’t a certainty that you’ll land yourself a job during these trying times.”