Strong Wage Growth Prospects for Plant Hire Vacancies
Candidates applying for plant hire vacancies in the coming months could see higher starting salaries, as part of a broader trend towards higher wages in the construction industry.
The Construction Products Association reports that in the first quarter, salaries and wages were higher among heavy-side materials companies, and 71% of light-side companies too.
For the coming months, the light side of the market should begin to catch up, as these firms often get involved towards the end of the building process – which means strong performance among heavy-side firms is typically a precursor to growth in light-side too.
Rebecca Larkin, senior economist at the CPA, said: “It is encouraging that after a couple of quarters of muted activity, heavy-side manufacturers reported stronger sales growth in Q1.
“Light-side manufacturers opened 2016 a little weaker, but this is likely to be a hangover as the slowdown reported by the heavy side at the end of last year filters through to light-side activity.”
The availability of well paid plant hire vacancies is closely linked with activity levels in the core construction market, making confidence among materials suppliers a good indicator for the labour market too.
In the weeks since the Budget speech in March, the sector has seen strong prospects in large projects, such as rail infrastructure and flood defences – which the CPA’s chief executive Dr Diana Montgomery said helps provide confidence for investing in capacity and skills.