October 2014 figures:
Tech talent takes home top salaries

  • Figures released for October 2014 show that job opportunities are at their highest since the Reed Job Index began in December 2009 with growth of over 27% on an annual basis. The Reed Job Index for October now stands at 227, 9.6% higher than the year-to-date average for 2014.

  • Sectors

    The top year on year growth sectors for jobs advertised are Transport and Logistics (66.59%), Hospitality and Catering (63.34%) and Construction and Property (55.34%). The Education (22.84%) and Charity and Voluntary (19.50%) sectors have seen the highest growth in job vacancies month on month.

  • Salaries

    Despite the average UK salary increase falling short of the UK inflation rate (0.6% compared to 1.2%) the report reveals signs of positive salary growth in cities like Edinburgh (5.5%) and Bristol (4.4%), which have increasing job availability in the Financial Services sector. The Reed Salary Index for October now stands at 98.

  • Regions

    The reed.co.uk Job Index reveals the top 10 cities for earning power, with London leading the way (£37,716), followed by Aberdeen (£32,769), Oxford (£30,262) and Cambridge (£30,239).

    Londoners in Tech, Media and Financial Services as well as Accountancy and PR bring in the biggest annual wage; however the year on year increase is only just slightly above inflation rate, at 1.3%.

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  • National Job Index in the last 13 months

  • October: Top 5 regions year-on-year

    • 1. Wales 42.93%
    • 2. North West England 32.84%
    • 3. West Midlands (Region) 29.22%
    • 4. Yorkshire and Humberside 28.94%
    • 5. North East England 27.54%
  • October: Top 5 sectors year-on-year

    • 1. Transport & Logistics 66.59%
    • 2. Hospitality & Catering 63.34%
    • 3. Construction & Property 55.34%
    • 4. Manufacturing 52.48%
    • 5. Social Care 41.86%