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Olympics push salaries up to the ‘gold standard’

Filed under: Recruitment General — Stephanie on March 30, 2012

There are predictions that the growing confidence of businesses could spark an improvement in the job market and a prediction of ‘gold standard’ remuneration for those taking up short-term positions throughout the London Olympics has been made.

Recent unemployment figures indicated another rise but many experts in the field of recruitment predict that the slow recovery of the job market is set to continue. A survey by Manpower which questioned over 2,000 employers revealed 2 percent are looking to lift the restrictions on recruitment within the next few months. Adecco also suggested that many businesses are showing a rise in business confidence and recruitment over the following 12 months.

The London job market looks optimistic boosted by the Olympic games, which is pushing pay rates above the UK average. Those in the construction, IT and security sectors are enjoying salary offers 30 percent higher than the UK average revealed the search engine for jobs, Adzuna.

The MD of Manpower UK, Mark Cahill commented:

“Although it’s too early to say that a full-blown recovery is upon us, it does feel like we’re turning a corner when it comes to the jobs market. Businesses that were battening down the hatches in the last quarter appear to be considering taking on staff.”

Adzuna revealed that IT workers could expect salaries equating to £55,000 per annum for their short-term post at the Olympics. This is great news for anyone looking for information security jobs, with salaries averaging 36 percent higher than the standard UK salary available.

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