ELECTRICAL EARNINGS HEAT UP IN JULYNews
Posted by: electime 9th August 2019
Weekly earnings for self-employed electrical contractors continued to grow last month, according to the latest figures released by Hudson Contract.
Analysis of July payroll data for more than 2,200 construction companies in England and Wales reveals a month-on-month rise of 1.1 per cent to a weekly average of £1,130.
This is equivalent to an annual salary of more than £59,000, putting self-employed electricians into the top 6 per cent of households by income.
The rise builds on the 6.4 per cent increase seen in June.
Electricians remain the third-best paid of all 17 construction trades covered by Hudson Contract. Only shop-fitters and plumbers had higher weekly earnings.
Contractors in the North East continued to see the biggest increase in weekly earnings in July, rising 9.3 per cent to £996, followed by the East Midlands, up 9.1 per cent to £1079, and the North West, up 4.8 per cent to £852.
Ian Anfield, managing director of Hudson Contract, said: “Electrical contractors are earning the equivalent of an annual salary of more than £59,000, putting them into the top 6 per cent of households by income*.
“This is a powerful message for young people who want to enter the trade, be their own boss and enjoy the financial freedom.
“Our analysis shows these skilled freelancers are earning a premium for their valuable services and are a world away from ‘gig economy’ workers.”
Hudson Contract delivers the most accurate indication of sub-contractor pay trends across the construction industry, using payroll data to publish the average pay for a spectrum of different trades split across 10 regions in England and Wales.