Increasing skills shortages are pushing up rates of pay for craft workers, says a survey released this week.
More than one third of engineering companies have raised rates of pay for employees that they had difficulty recruiting or retaining, according to the study by pay consultancy Incomes Data Services.
Most craft workers were paid around £300 per week. The highest-paid sector was aerospace and defence, with an average craft pay rate of £309 per week.
Among individual companies, one of the highest craft pay rates was £425 per week at cigarette machine manufacturer Philip Morris Engineering.
The main factors used when determining craft workers’ rates of pay are the rates paid by other companies in the area, and the concept of `the going rate for the job’.
One automotive component manufacturer reported: `It is extremely difficult to recruit qualified technicians and engineers, which is putting pressure on internal salaries.’
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