Despite demand beginning to slow in the construction sector, salaries are being driven by a combination of skills shortages and the cost-of-living crisis.
The report, compiled by the Association of Professional Staffing Companies (APSCo) using data provided by Broadbean Technology, revealed that average pay across construction increased 4% between January and October, with salaries increasing 1% between September and October (when signs of economic instability began to show).
Ann Swain, Global CEO of APSCo, commented on the findings, “While the construction sector has been on a roller coaster ride in terms of jobs throughout 2022, it is the sustained fall in application numbers that presents the greatest challenge to recruiters across the sector.
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Email Jaime“This latest data does show that the economic uncertainty since the beginning of September has hampered hiring, something we don’t expect to see a reverse in the immediate future.
“It’s crucial that the government enacts policies that will bring stability for workers, including announcing the long-awaited Employment Bill and revising policies to better recognise and support the unique needs of the highly skilled contractor labour market.”
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