Trends and projected salaries by industry
The East Midlands, known for its rich history and diverse industries, is home to an active job market with opportunities across various sectors. It’s crucial to stay informed about the salary trends and projections for different industries in this region. In this comprehensive salary guide, we’ll explore the job market, industry-specific trends, and projected salaries for the year ahead.
Administrative, HR, and Office Support:
The administrative sector is experiencing stabilisation, but recruiting challenges persist due to hiring processes and corporate expectations. Here are some projected salary ranges:
- Human Resources: £23,765 – £95,545
- Talent Acquisition: £23,280 – £72,750
- Customer Services: £18,188 – £28,500
- Procurement: £29,100 – £87,300
- Senior Support: £27,160 – £44,620
- Office Support: £19,158 – £22,310
- Secretarial: £21,825 – £28,615
Which HR roles are in-demand?
- HR director
- Talent acquisition manager
- Talent acquisition specialist
- HR business partner
- Learning and development specialist
- HR / talent co-ordinator
In-demand technical skills and experience: Transformation, Change management, Excel, SMCR (Senior Management Certification Regime), HRIS (HR Information Systems).
In-demand soft skills: Leadership and coaching, Management, Teamwork and collaboration, Value-driven, People-focused.
Finance and Accounting:
Continued competition for top finance and accounting talent means companies must offer more than just competitive salaries. Here are some projected salary ranges:
- Corporate Accounting: £44,135 – £164,900
- Accounting Operations: £21,340 – £43,165
- Commercial Accounting: £38,315 – £67,900
Which finance and accounting roles are in-demand?
- Accounts assistant
- Assistant management accountant
- Financial accountant
- Group reporting accountant
In-demand technical experience: Technical accounting, accounting standards, Financial analysis, Excel and ERP systems, Controls & SOX.
In-demand soft skills: Communication, Business partnership, Appetite for development, Team collaboration, Flexibility.
Financial Services:
The booming private equity and investment markets in the UK are driving demand for mid-level admin roles. Flexible working is key to attracting and retaining talent. Here are some projected salary ranges:
- Finance and Accounting: £18,430 – £126,585
- Compliance: £26,190 – £120,765
- AML/Financial Crime: £34,193 – £118,825
- Credit Risk: £31,525 – £110,580
- Operational Risk: £33,708 – £117,128
- Market Risk: £36,375 – £116,400
- Banking Operations: £18,673 – £143,560
Which financial services roles are in-demand?
- Client services associates
- Trade support clerk
- Investment management ops
- Credit operations
In-demand technical skills: VBA / Excel, Python, Sequel, Industry knowledge, Understanding of asset classes.
In-demand soft skills: Communication, Customer service, Relationship building, Accuracy, Attention to detail.
Legal:
Global governance and regulation ensure consistent demand in the legal sector, often leading to higher salaries. Here are some projected salary ranges:
- C&I in-house: £25,705 – £143,075
- Financial Services In-house: £30,313 – £185,270
Which legal roles are in-demand?
- Legal counsel
- Paralegal
- General counsel
- Trainee lawyer
In-demand technical experience: Commercial, Tech and SaaS, GDPR and data protection, Funds, Generalist.
In-demand soft skills: Stakeholder management, Negotiation, Team collaboration, Communication, Management.
Marketing and Creative:
The pandemic accelerated the shift to digital-first strategies, driving demand for efficiency and results. Here are some projected salary ranges:
- Digital: £21,340 – £82,450
- UX, UI, and Design: £21,340 – £85,360
- Marketing and Public Relations: £23,280 – £116,400
Which marketing roles are in-demand?
- Digital marketing manager
- CRM manager
- Content manager
In-demand technical skills: SEO, PPC, Google analytics, Salesforce / HubSpot, Copywriting
In-demand soft skills: Creativity, Passion, Strategic thinking, Stakeholder management, People skills
Technology:
As businesses prioritise transformation, demand for skilled tech workers has bever been higher, posing retention challenges for employers. Here are some projected salary ranges:
- Leadership: £47,045 – £136,770
- Architecture: £63,050 – £90,210
- Transformation: £31,040 – £101,850
- Cloud and Infrastructure: £18,915 – £97,000
- Information Security: £37,588 – £71,538
- Software Development and Testing: £26,190 – £85,360
- Business Intelligence and Data Analytics: £29,100 – £64,020
Which technology roles are in-demand?
- Software development
- DevOps
- IT support
- Cloud infrastructure
- Digital product roles
- Information security
In-demand technical skills: .Net, C#, C++, JavaScript, Angular, Node.js, AWS, GCP and Azure
In-demand soft skills: Stakeholder management, Appetite to upskill, Client management, Team collaboration, Openness to feedback.
In conclusion, the East Midlands offers a diverse job market with competitive salaries across various industries in 2023. Businesses are actively seeking top talent, and candidates can expect lucrative opportunities. Staying informed about these trends will help both employers and job seekers navigate this dynamic job market effectively. Whether you’re in finance, technology, or any other sector, the East Midlands has something to offer in terms of career growth and financial rewards.
Note: The above salary ranges are based on candidates who have little or no prior experience in the position, still developing relevant skills, and candidates with an average experience, who have most of the necessary skills in the position.
Source: https://www.roberthalf.co.uk/salary-guide
