Forget about your normal 2% to 4% pay rises. The British dental profession is seeing a stratospheric increase in pay, with new dentist job posts advertising salaries that are 25% higher this year compared to 2018, according to new data from global job listing firm Indeed.
Dental nurses and hygienists are also seeing job postings advertising pay that’s 18% higher, on average, than the same time last year.
The Indeed pay report was provided exclusively to Yahoo Finance UK ahead of a wider release on Tuesday. Indeed listed a range of other professions that have seen double-digit rises in pay alongside the dental industry:
The data was revealed on the same day that the UK Office for National Statistics (ONS) released its official labour market report, showing 222,000 new jobs were created in the UK in the three-month period between November 2018 to January 2019. This pushed down unemployment to a 44-year low of 3.9%.
A tight job market and low unemployment in Britain has helped spur average pay increases that are in excess of 3%. However, some industries — specifically the dental profession — have been forced to pay out more to hire and retain staff.
Brexit is considered to be one of the driving factors behind surging salary offers in dentistry.
Roughly 15% of UK-based dentists come from the European Union, according to data from the British Dental Association and analysis of ONS labour data. This skilled profession has one of the highest shares of EU workers in the UK, according to Indeed analysis of ONS statistics.
EU citizens have become less interested in working in the UK since the 2016 Brexit referendum, which has hurt recruitment efforts.
“Recruitment of dentists from EU countries had all but dried up, with anti-EU sentiment and a poor exchange rate with the euro being blamed,” said Michael Watson, a retired dentist-turned-writer in a recent blog post featured on the industry website Dentistry.co.uk.
Other industries have been affected as well.
“Th[e] picture is one of a general decline in European jobseeker interest in British jobs,” Indeed’s top UK economist Pawel Adrjan said. “Among the areas of the economy that particularly rely on people from the EU, healthcare and construction stand out as most exposed to a potential worker ‘Brexodus.'”
But dentists staying in the UK are seeing average advertised salaries of nearly £62,000 per year.
Other jobs that have seen a massive 21% increase in advertised salaries include audiologists, insurance lawyers, and underwriters.
“In sectors where there are long-term shortages of skilled staff, such as dentistry, insurance underwriting and industrial engineering, the battle for talent is morphing into an all out salary arms race,” said Adrjan.