Salaries stagnant despite jobs boost

The Advertiser Series: Most jobs are being created in tourism, leisure, estate agency and construction Most jobs are being created in tourism, leisure, estate agency and construction

JOB vacancies are growing but salaries have not increased for a year despite renewed confidence in the economy, according to a new report.

Employment firm reed.co.uk said pay had remained at the same level as the start of 2013 even though the number of new jobs was up by almost a third.

Most jobs are being created in tourism, leisure, estate agency and construction, said the report.

James Reed, chairman of reed.co.uk, said: "We've endured a prolonged period of salary stagnation.

"But with more jobs being created than at any time in the last five years, for many individuals having a look at the market and considering a change of position will be the most effective route to a pay rise.

"It will be key growth sectors requiring specialist skills, such as technology, engineering and science, which offer the greatest opportunity for individuals to increase their salaries."

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