Average salaries

Average advertised salaries have dropped in last six months

The average advertised salary has dropped in the last six months in all salaries except the South-East, according to new research.

The research, from jobs search engine AllTheTopBananas.com, shows that the average advertised salary in London is now £41,397, down from £41,565, while in East Anglia the average salary is £33,902, down £585 and the North West’s average salary is bottom of the table at £29,057, down £619.

Dave Martin, managing director at AllTheTopBananas.com, said: “This seems to be another symptom of the credit crunch and the general economic woes the country is going through. We had seen strong growth in advertised salaries for 12 months. This is a sudden and unexpected drop. It’s possible that despite the rise in the cost of living, recruiters are responding to the uncertainties over how businesses will perform in the next year, and are reducing salaries as they advertise jobs. Who knows how this will pan out in the next few months? While average advertised salaries are much higher now than they were 12 months ago, there’s no way of telling what we will be looking at in autumn 2009.”

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