The average asking salary across the construction industry has risen 9% to £45,900.
That’s according to recruiter Randstad Construction, Property and Engineering, which analysed nearly 6,800 permanently placed construction jobs in the 12 months to 30 May 2018.
Salaries rose despite a drop in the number of vacancies advertised, according to Randstad. Pay in site management has risen 3%, with average asking salaries rising from £47,100 a year to £48,500. Assistant site managers’ asking salaries hit £37,600 per year with the highest-flying candidates being offered £48,500 a year in London, according to Randstad’s data. Meanwhile site managers have seen their pay rise 3% to £50,500, up from £48,800 the previous year. Average salaries are higher in London, currently sitting at £53,400. One senior site manager, a role now typically being paid £62,900 a year, secured a new job in Welwyn Garden City on a salary of £78,000, the recruitment firm claimed.
Maintenance engineers have seen salaries rise by 5%, from £31,800 to £33,500. In project management, average pay has risen 8%, from £59,500 to £64,200. Pay for senior project managers has risen 7%, from £75,700 to £80,800.
Site engineers have seen pay rise even further. Average asking salaries have risen 19%, from £37,100 to £44,300 – with the best site engineers in the capital being paid up to £68,700, Randstad claimed.
Owen Goodhead, managing director of Randstad construction, property & engineering said: “The best senior site managers are earning close to an MP’s salary. While that’s good news for individuals, it’s potentially not such great news for the economy.
“Our research shows that construction workers from overseas are being put off coming to the UK and those that are here are thinking about moving elsewhere; we know that over a third of European construction workers who are already here have considered leaving the UK due to Brexit. This should be of huge concern to industry leaders and the government, especially in the capital where nearly one in three people working in London’s construction sector were born in the EU. The shrinking pool of EU talent is already driving up wages – that’s the power of supply and demand.”