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Wages still rising despite slowdown
9:40am Friday 25th July 2008
WAGES for advertised jobs are robustly rising in Swindon – despite the credit crunch gripping the country.
Statistics show the average annual salary for a job advertised in Swindon has gone up by £2,404 to £31,521 since January.
Swindon employees can earn about £1,000 more than the average advertised national salary of £30,450, according to research from jobs search engine – AllTheTopBananas.com.
The town’s selection of large corporations means a skilled workforce is still in demand, say recruitment experts.
But businesses may struggle to keep wages above the rate of rising inflation said Swindon Chamber of Commerce president Joanna Stagg. “I think there is going to be pressure for wages to go up as inflation goes up,” she said.
“But companies are not making as much money as they were three or four months ago. Their bottom line is being squeezed.”
Managing director of Aligra Personnel Mark Neilson said: “Salaries have always been high for the region in Swindon.
“That is not going to change in the foreseeable future despite the credit crunch.
“In Swindon the economy is booming so there is still a skill shortage.
“People have to pay to get the right skills in. They have to make the salaries attractive to find these people.”
Major employer Nationwide says its staff are still receiving normal pay rises.
“The credit crunch hasn’t affected the way we pay our staff,” said a Nationwide spokesman.
Every employee receives a bonus of 10.4 per cent of their salary – depending on the company’s performance.
Other major employer in the town, car manufacturer Honda says its average salary for an associate on the production line is £24,000 while Swindon Council’s average wage is £16,000 but the figure includes the council’s high volume of part-time workers.
Marketing and investments manager at the Swindon Strategic Economic Partnership Sinclair Brown said all evidence showed the town’s economy was standing up against a national downturn.
“Apart from the construction companies we haven’t seen any real effect on the Swindon economy,” he said.
Your Say YourSwindon
yeti, swindon says...
4:30pm Fri 25 Jul 08
Oik1, swindon says...
4:48pm Fri 25 Jul 08
No pay rise for me until next year at the earliest.
Look at the story printed and make your own conclusions, two of the towns biggest employers, Honda and Swindon council, neither of these pay the ordinary worker anywhere near £30,000
Like I said, utter claptrap!
Your sayYourSwindon
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Swindon's average salary is £31,521
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BWB, SWINDON says...
2:20pm Fri 25 Jul 08
My Son of 38,Is currently on £11000.
Last year he was on £9500.
He Is Computor Literate,but no Jobs in Swindon.When he was out of work
the Job Center sent him for three weeks work,at £9000.
That turned out to be three DAYs work.NO apology from Job Center
altho they admitted It was their mistake.Black economy Is booming.
Work for cash In hand,and draw Job seekers allowance.