We’ve been having lots of conversations recently, amongst the team and with clients, about pay rates.
Rates of pay have been rising, particularly for skilled contractors. There are huge shortages of skilled trades people in some sectors and locations across the UK. Where demand is high and supply is low increasing pay rates are inevitable.
If you’re an employer looking to recruit new staff or contractors then now is a good time to look at what rates of pay you can offer. It can make a huge difference to the response you might receive to job adverts.
It’s also important to look at rates of pay for existing employees. If you are paying below market rates then staff retention could become an issue. if you have good staff that you want to hold onto then it makes sense to consider this.
If you aren’t sure about the going rates for certain skilled trades/contractors or salaries for permanent roles then do get in touch. We’ll be happy to have a chat and advise on market rates. It’s worth bearing in mind that rates can vary quite a bit by location within the UK so whilst it may not be an issue on one site on another site the same work may command a higher rate.
Getting your rates right before you start the recruitment process can really help with recruiting timelines and securing the right staff. It will help attract the right people with the skills you are looking for and will speed up the process.
If you need help or advice with this give drop us a message or give us a call.