Q3 2023 - Construction Industries

January 2023 - June 2023

The “Industry Moves Trends” report analyses how much over basic salary hiring managers have been offering in order to successfully attract upper quartile, permanently employed candidates from an industry competitor in the last six months. Combine this with our salary survey for maximum benefit.

Market Observations

• Monetary value difference remains broadly stable since the last report.
• 16% increase is a sharp reduction from the last report, highlighting a return to more stable salary increases.
• We’ve noticed an increase in demand for supply chain management skills over the last 6 months.
• New vacancy levels remain positive, however are down a third from 6-12 months ago when the market was at its most volatile.
• We’ve noticed an effort from many companies to increase the days each week in the office, with 1-2 days work from home now normal.
• New vacancies have come from a broadly even split of backfills and new hires, reflecting a return to more normal hiring conditions.