Buzz People

£150k starting salary!

A professional recruitment firm says it is placing graduate lawyers on starting salaries as high as £150,000 amid a shortage of workers.
Alan Bannatyne, chief financial officer at Robert Walters, told the BBC people in many UK industries were quitting for better paid jobs amid soaring demand.
"15% is the minimum pay rise we're seeing, but some are increasing their salaries by up to 50%," he said.
"Unless something significant happens, 2022 should be even better for staff."
UK job vacancies have hit record levels since the economy reopened as employers scramble to meet demand.
Robert Walters, which focuses on placing professionals in roles, said this had put firms in a "fierce competition for talent" and it was "incredibly hard to find the right people".
Employers have put up salaries to attract workers, although Mr Bannatyne said there had been "winners and losers" from Covid and not everyone was in a position to pay well.
"Bricks-and-mortar retailers and airlines have really struggled so will probably not be paying bonuses or giving pay rises," he told the BBC.
"So they become a hunting ground for other high growth businesses, such as online retailers, anything to do with technology and digital, and manufacturers of household goods."
£150,000 starting salaries as firms fight for staff - BBC News
Register Now