2024 Built Environment Sector Salaries Will Rise Steadily & Hybrid Working Will Come Under Scrutiny
We are very pleased to announce that our2024 Salary Surveys & Guidesare now available to download from our website. These helpful and informative guides highlight some of the hiring and salary trends in the markets that we service.
Our surveys include a short 2023 market overview as well as a 2024 market outlook, where our expert consultant teams share their views on expected salary trends for the coming year.
Each market has its own challenges and influencing factors but there are some common themes. For the most part, we saw salaries rise in early 2023 as the cost-of-living crisis and rising inflation set in. By the end of the year, hiring organisations pushed back, as they sought to balance the need to pay more for urgently needed available talent, with budget constraints resulting from rising raw material and services costs, along with funding cuts.
In 2024, our consultants are anticipating salaries will rise. Demand for engineering, surveying, planning and project delivery specialists will continue to outstrip supply, with employers finding themselves competing against eachother. Salary and contract rate rises are an inevitable result of this competition. However, wider economic and political factors such as expected London mayoral, local and general elections, which affect major infrastructure investment, will mean employers will temper rises with a need to keep costs under control.
In terms of working practices, most widely reported by our teams is the trend of organisations moving away from offering fully remote roles and increasing the number of days their teams need to be office based. It is unlikely hybrid models will disappear altogether, primarily because employees and job seekers are pushing back. In those sectors where demand outstrips supply, organisations will have little choice but to offer some sort of flexibility, with two-day WFH and three days in the office seemingly the current compromise.
James Fernandes, Carrington West Managing Director says, “The built environment recruitment market has been straining under the pressure of too few professionals with technical expertise available to meet the current demands of organisations undertaking major UK projects. This will continue into 2024. Employers need to strike the balance between addressing the needs and desires of the post-pandemic workforce and short-term commercial goals.”
Carrington West is an award-winning recruitment company providing market leading talent to the UK highways, traffic & planning, town planning g, water & environmental, utilities & power, building and rail industries. We recruit interim, temporary and permanent professionals from entry to board level across multiple disciplines for private and public sector organisations. Founded in 2011, we have grown quickly due to the passion, integrity and excellence of our people who consistently deliver outstanding levels of service so our clients can achieve their goals. For regular updates and alerts follow us on LinkedIn. You can visit the website at www.carringtonwest.com
