UK starting salaries rise at fastest pace in three years - Survey

Reuters reports key findings from a survey by the UK’s Recruitment and Employment Confederation (REC).

Key Highlights:

The monthly gauge of starting salaries for permanent workers from the Recruitment and Employment Confederation (REC) and accountancy KPMG jumped to 63.4 from 60.5 in April, its highest since May 2015.

The survey also showed the number of permanent staff starting new jobs rose in May at the weakest pace this year.

"Because of the lack of candidate availability, we are seeing employers paying higher salaries to attract the right people," REC director of policy Tom Hadley said.