White collar salaries surge as recruits name their price
Salaries for white collar professionals are expected to surge by as much as 25% in the early months of this year as companies bouncing back after the Omicron-slowdown fight to hold onto their best staff.
The rise in pay could see even starter salaries in some professions soar to six figures, with reports that graduate lawyers are being employed on starting packages as high as £150,000.
According to the findings from the Robert Walters 2022 UK Salary Guide, recruits are less likely to ask about flexi-working as it is now taken as a “given” that firms will agree to it.
Professional services firms are planning to increase their budget for pay raises by 10-15% this year – the largest increase seen since 2008 and almost 3x the inflation rate.
Whilst the biggest pay rises will be reserved for new starters – at least 5% of the increase in payroll budgets will be reserved for existing employees in 2022.