TALiNT Partners Insights provides invaluable information that enables businesses to make informed, strategic decisions. Our curated insights are your tools for problem-solving, fostering growth, and achieving success within talent acquisition and staffing.

Data from Bullhorn reveals 8% drop in salaries since the pandemic

Table of Contents




Salary inflation across the professional recruitment sector has declined

According to the latest data from APSCo, salaries have dropped since the pandemic and despite the cost-of-living crisis.

The data was provided by Bullhorn and revealed that despite the increased demand for staff since COVID-19 hit the country, average permanent salaries dropped 8% between August 2020 and August 2022. During this same period, the number of permanent jobs added increased 48%, while contract roles rose 71%.

August stats from Office for National Statistics (ONS) in 2020 revealed a growth in GDP for the second consecutive month, this latest data from APSCo has indicated that salary increases have failed to keep pace with changes across the economy. 

A similar picture is evident in pre-pandemic comparisons, with remuneration dropping 7% between August 2019 and August 2022. This suggests that salary inflation across the professional recruitment sector has declined despite demand for talent increasing. 

Ken Brotherston, TALiNT Partners CEO said: We’re seeing a market in some turmoil. Although unemployment still remains low and vacancies high, there is clearly a sea-change in confidence for both employers and staff in the recruitment sector. This is a reflection of trends in the wider economy and will continue at least until there is less uncertainty in relation to energy prices and inflation.


Target Recruit MPU