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Barclays

Barclays poll finds 59% of media firms plan to increase wages in 2015

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By John Glenday, Reporter

March 18, 2015 | 2 min read

Media industry employees can look forward to a pay rise this year according to an employer’s survey carried out by Barclays, which found that 53 per cent of employers plan to increase salaries – up from 44 per cent last year.

Increased confidence was found across the board according to the poll of 666 UK firms, with 59 per cent brushing off concerns over wage pressure despite the hikes.

Over all the research found that 41 per cent of media businesses are more confident about the British economy than they were this time last year whilst close to half (48 per cent) are planning to create new posts to fill.

Not a single respondent said they planned to lay anyone off this year.

A detailed breakdown of the figures for those seeking to recruit found that 59 per cent aim to boost the number of entry level posts, 15 per cent will create senior management roles and 85 per cent aim to create middle or junior management positions.

Lorraine Ruckstuhl of Barclays’ Technology, Media and Telecoms team, said: “Against a positive backdrop of continued falling unemployment and wage growth outstripping inflation in recent months, it’s heartening to see that over half of media firms surveyed are planning to increase wages this year and a similar amount are also poised to create new roles.”

“However, it’s concerning to see the slight dip in intention to take on apprentices, as apprenticeships are extremely important in nurturing and developing the next generation of leaders and can also bring significant commercial benefits.”

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