A combination of increasing confidence in the automotive sector and lower levels of unemployment is pushing up staff salary demands, research has found.
According to the 2015 Automotive Salary Survey from Copeland Select, automotive industry recruiters, the average basic salary in 2014 was £44,775, which was a five per cent rise on the year before. Of the 3,000 professionals questioned, the study found that the average salary increase wanted in 2015 was 12 per cent, while 62 per cent of respondents said they are thinking about moving job this year, making for a potentially very active job market.
Addressing employees’ pay expectations is one challenge that owners of car dealerships and garages are going to have to face this year – another is ensuring staff are fully covered through the company’s motor trade insurance. Having employees as named drivers on a road risks insurance policy as well as having employer’s liability cover in place are a couple of such considerations that will need to be made.
Another key finding of Copeland Select’s annual survey was that 54 per cent of employees feel their current salary is below market value, which goes some way to explaining why the majority are considering changing jobs. The leading motivator for seeking a new role is career progression (59 per cent), followed by a salary increase (56 per cent) – the average pay increase achieved by moving jobs in 2014 was 11 per cent.
The research also revealed that more than half of employers allowed their staff to work from home on occasions and that 25 days annual leave was the norm.