Average weekly earnings for self-employed construction workers are continuing to skyrocket beyond pre-pandemic levels, as Hudson Contract’s last month’s payroll data has recently been made public.
According to Hudson Contract, the UK’s largest supplier of tax status and employment contract services in the construction industry, last month saw the average weekly earnings for self-employed tradespeople rise to £904, giving skilled workers an extra £124 per month. And this is just the average, and varies from region to region within England and Wales. In the East Midlands, for example, labour costs have hit an all-time high at £1,014 a week.
This is following a continuous surge in demand as the construction industry, and indeed other projects around the UK, get back on their feet. The construction sector, along with the country, has been injected with a surge of energy, following the introduction of regeneration, housing and infrastructural projects which are already underway. The opportunities and necessity for skilled workers is breath taking, and is being reflected by these figures of rocketing wages.
The cost of skilled labour rose by 3.6% in July of this year, a rise which arrived at a fortuitous time for the industry: Hudson Contract reported in June that the construction sector saw the most substantial rise in earnings out of any UK sector since the beginning of the pandemic, at an enormous 14% increase. Earnings have been steadily rising throughout this year too, with evident growth from March through to the present time. In May, average weekly earnings were up 20% on pre-pandemic levels.
This substantial increase in weekly average pay is generating a very hopeful and vibrant feeling within the construction industry. Hudson Contract, the largest UK supplier of tax status and employment contract services for those working in the construction industry, have given indicators over the past year and a half of the superb health of the construction industry.
Managing Director of Hudson Contract, Ian Anfield, exudes this optimism, and gives the healthy state of the housing market as one of the reasons for this continued surge in high productivity for the industry and high pay for workers:
‘The housing market is booming with the price of the average UK home increasing by nearly £25,000 over the last year’, he says, and predicts that this advantageous state of affairs will be likely ‘to continue for the foreseeable future’.
He puts this down to ‘big infrastructure investments’, backed by the government ‘as part of its “leveling up” agenda, which is adding to confidence in the sector’.
Hopeful and confident times indeed for the construction industry, though there are, as ever, notable challenges ahead. Anfield notes that ‘shortages in building materials and skilled labour’ is one such obstacle, compounded by the global pandemic, after-effects of Brexit and the like.
But one way of solving this issue is to ensure that potential skilled workers are aware of the multifarious opportunities for professional and personal growth within the construction industry at present – judging by the statistics and expert opinions, these conditions are only set to improve, with higher wages and higher demand ever on the horizon.
Now is the perfect time to become trained as a tradesperson – this is indisputable. Train as a tradesperson now in order to reap the benefits of a healthy sector – the healthiest in the UK – which is repaying the price of training ten times over. Becoming a tradesperson is a lifelong investment, a quick way into a rewarding, fulfilling, and financially secure career. It will equip you with the skills, employability, self-confidence and discipline you’ve been looking for, and will give you work to be proud of.
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