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Confidence boosts salaries

Cooper Lomaz Operations Director Mark Fletcher (right) and Sales Director Richard  Mould present the findings of the 2014 Cooper Lomaz ecruitment Salary Survey.

Cooper Lomaz Operations Director Mark Fletcher (right) and Sales Director Richard Mould present the findings of the 2014 Cooper Lomaz ecruitment Salary Survey.

Business confidence is boosting wages in East Anglia according to Cooper Lomaz Recruitment.

The Bury St Edmunds based recruitment consultants’ 2014 Salary Survey reveals modest salary increases across the board, but some companies are having trouble getting the right people.

Operations Director Mark Fletcher said: “The 2014 salary survey findings are a positive endorsement of the buoyancy of the East Anglian jobs market that there are a lot of quality positions paying good salaries which need filling.

“Coupled with the lower cost of living, the vacancies are increasingly drawing candidates from London and beyond.”

He said the survey concludes that trend will continue as long-awaited trunk road improvements, including the A11 dualling, develop along with faster rail links and broadband speeds.

The salary survey found that the sectors which present the biggest challenge are food manufacturing and the supply chain, where profit margins have long been squeezed by pressure from supermarkets. As a result, salaries have been depressed.

“The jobs are there but they are not paying as much as some other sectors. More needs to be done to establish apprenticeships and encourage graduates into the industry,” said Mr Fletcher.

Cooper Lomaz’s revenue rose 20 per cent in 2013 and it expects similar growth in 2014. Mark Fletcher said: “We have taken on 11 new consultants in the past year and anticipate we will increase our staffing levels by a similar number in the coming 12 months. The big challenge for us is to find people with the skill sets our clients are looking for.”

 

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