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Navigating the recruitment landscape

Electronic component recruitment specialist, MRSL, explores salaries, flexible working trends and the technology and application sectors expecting growth.

From 2022 to 2024, UK salaries have increased significantly across all sectors. In 2022, the average salary increase was about 4.3 per cent. This rose to 5.1 per cent in 2023 due to inflation and a tighter labour market. However, the projected average salary increases for 2024 is slightly lower at 4.4 per cent according to mainstream data sources. These changes reflect ongoing efforts by employers to remain competitive amidst economic pressures.

One of the most significant shifts has been the increased emphasis on employment flexibility. Offering a competitive salary alone is no longer sufficient to attract top talent. Today’s candidates seek positions where they feel valued and understood. Employers must comprehend the underlying reasons why candidates are seeking new opportunities and prioritise these motivations—whether they are related to career growth, work-life balance, or personal fulfilment—before discussing financial compensation.

In 2024, following substantial overspending in 2022 and 2023, the market has become highly competitive, testing relationships and the resilience of business strategies. This period is revealing who are the true top performers within companies versus those who merely benefited from the previous market shortages.

MRSL engages with industry frontline workers including salespeople, directors, engineers, and marketing professionals. This interaction provides a unique, insightful perspective on emerging trends and future expectations in the electronic component industry.

The defence sector is expected to grow due to increasing global security concerns and advancements in defence technologies, driving demand for advanced electronic components. Renewable energy solutions are gaining momentum as the world pushes for sustainability, necessitating efficient energy storage, smart grids and sustainable power generation technologies.

Power conversion technology is set for significant advancements, with growing demand for efficient energy management systems requiring high-performance components. The aviation industry is evolving with next-generation aircraft development, needing sophisticated components for safety, efficiency and connectivity.

The IoT sector, especially in RF technologies, is expanding rapidly. Innovations in RF are crucial for seamless communication between connected devices, supporting the growth of smart homes, industrial automation, healthcare monitoring and other IoT applications.

www.mrslgroup.com