Growth in man­u­fac­tur­ing helps to push up salar­ies, Bright­wa­ter sur­vey re­ports

Belfast Telegraph - Business Telegraph - - News - BY STAFF RE­PORTER

A GROWTH in man­u­fac­tur­ing here has boosted salar­ies for some jobs in the sec­tor by nearly 30% with Mid-ul­ster firms of­fer­ing the best rates of pay, ac­cord­ing to a sur­vey to­day.

There has been an in­crease of be­tween 5% and 16% for most salar­ies across en­gi­neer­ing and man­u­fac­tur­ing, ac­cord­ing to the lat­est fig­ures from Bright­wa­ter’s an­nual salary sur­vey.

In com­par­i­son, other sec­tors were see­ing a small rise in salar­ies of around 2%.

Man­u­fac­tur­ing salary growth is good news for the sec­tor, af­ter aerospace gi­ant Bom­bardier last week an­nounced 490 job losses at its plants in North­ern Ire­land.

Bright­wa­ter said that the de­mand for skilled work­ers in man­u­fac­tur­ing re­flected growth of around three times the rate of the rest of the UK.

Mid-ul­ster of­fered the high­est-paid jobs in the sec­tor thanks to the pres­ence of a clus­ter of suc­cess­ful firms like CDE Global and Terex.

Across the board, Bright­wa­ter said salar­ies were climb­ing by be­tween 2% and 5% in other sec­tors and dis­ci­plines like fi­nance, HR, sup­ply chain and ac­coun­tancy.

Re­gional di­rec­tor Cathal O Don­nell said: “The re­cruit­ment sec­tor has al­ways been a strong barom­e­ter of so­cial and eco­nomic trends and this year’s salary sur­vey con­tin­ues to re­flect wider is­sues and pre­dict fu­ture de­vel­op­ments. Un­der­stand­ably, Brexit re­mains high on the agenda for firms as they look ahead to the eco­nomic land­scape.

“Whilst un­cer­tainty sur­round­ing a deal and the on­go­ing im­passe at Stor­mont may slow things some­what for the first quar­ter of 2019, the signs are that North­ern Ire­land will be­come a far more at­trac­tive place to do busi­ness which is good news for jobs, and we are al­ready see­ing con­sid­er­able pos­i­tive move­ment, par­tic­u­larly within the within back of­fice, shared ser­vice cen­tres, en­gi­neer­ing and le­gal sec­tors.

“Belfast’s rep­u­ta­tion for cen­tres of ex­cel­lence has done much for the eco­nomic land­scape and has reinforced the re­gion as a highly de­sir­able place for for­eign di­rect in­vest­ment.”

Strong barom­e­ter: Cathal O Don­nell

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