News & Blog

Read the latest business news, blogs and thought leadership articles from our members, as well as updates on the Edinburgh Chamber of Commerce's work in the city.

News & Blog

The Brook Street Salary Guide

Posted: 29th April 2015

According to results from our recent survey, more than two thirds of employees didn’t receive a pay rise in the last 12 months. Just over half of workers also told us that they’re hoping to receive an increase in the next 12 months. It could be an interesting year as businesses look to manage and deliver on employee expectations.

The UK jobs market has a much brighter outlook now than in previous years. There are more opportunities open to the best candidates and half of the organisations we surveyed told us that they’re worried about their top performers leaving in 2015.

Motivators for taking a new job

When we asked candidates about the factors that attract them to a new job, the top answers weren’t particularly surprising. Career progression, a better benefits package and training opportunities were important motivators along with the possibility of working closer to home.
Candidates also told us that the stand-out, most significant motivator in taking a new job is an increase in salary. According to recent research, salary and benefits are most influential for workers in either the early stages or the mid-late stage of their careers. Competing strongly on salary for these employees in particular will have a significant impact.

The complete package

Although salary isn’t everything, it is the cornerstone upon which a pay and reward package is based. It’s the headline figure and certainly carries the most weight. Getting salary right, especially in 2015 as more employment opportunities open up, will be crucial in attracting and retaining the best staff.

The Brook Street 2015 Salary Guide – Coming Soon

The Brook Street 2015 salary guide will be available in May and has been produced in partnership with CV Library. It provides the most up-to-date figures for 2015, covering average salaries in a range of disciplines.

To pre-order your copy, please contact Brook Street Edinburgh on (0131 225 5633)

Business Comment

Business Comment is the Edinburgh Chamber of Commerce’s bi-monthly magazine. It provides insight on Edinburgh’s vibrant business community, with features on the city’s key sectors, interviews with leading figures and news on new business developments in the capital.
Read more here