According to the UK Job Market Report by Adzuna, December 2024 saw the average advertised annual salary exceed £40,000 for the first time, driven by a 7.15% increase from the previous year. Job vacancies fell by 4.01%, indicating a challenging hiring landscape. However, sectors like Trade & Construction and Teaching showed growth. Salary transparency hit a record low in 2024, with more employers omitting salary information, contributing to a landscape where the number of jobseekers per vacancy rose to 2.05.
The average advertised annual salary passed £40,000 for the first time in December 2024, indicating a significant trend in salary growth amid declining job vacancies.
Salary transparency continues to trend downwards with more employers in the UK hiding salaries in job postings, marking 2024 as the worst year for salary transparency.
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