Contractors’ salaries rise at slowest rate for five years

By Dave Rogers and Jonathan Owen2019-11-11T06:00:00

Hays survey for Building shows that narrowing margins are limiting annual average salary increases to 2.8%

Salaries at UK contractors are rising at the slowest rate in five years, as the country’s builders feel the effects of pressure on margins and a slowdown in workloads.

The latest contractors’ salary survey, conducted for Building by Hays over the summer, shows overall pay across the sector increased by 2.8% in the year to July – compared with a rise of 3.2% the previous year. This year’s figure was the lowest since 2014, when workers were enjoying an average pay hike of 7.4%.

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