Freelance electricians earning nearly £50,000 a year, says building industry’s largest payroll providerNews
Posted by: electime 30th July 2021
Average weekly earnings for self-employed electrical contractors remained well above £1,000 in June, according to Hudson Contract’s latest analysis of pay trends in the construction industry.
At £1,032 per week, the earnings are 5.2 per cent higher than the same month last year and equivalent to an annual salary of nearly £50,000.
They have stayed above £1,000 a week every month since July last year, bar January when industry earnings decline in line with seasonal trends.
Ian Anfield, managing director, said: “Electricians are reaping the rewards for gaining a valuable trade that remains in high demand.
“The sector is still incredibly busy with housebuilding, renovation and infrastructure work and we don’t see any signs of activity slowing down.”
The £1.6bn-turnover group is the UK’s largest provider of tax status and employment contract services to the sector and supplies more than 2,500 companies across England and Wales.
Earnings declined by 3 per cent between May and June, which was attributed to freelancers taking time off with their families during the half-term holiday.
Hudson delivers the most accurate indication of subcontractor pay trends across the construction industry, publishing the average pay for a spectrum of 17 different trades split across 10 regions in England and Wales.
It supplies statistics to the Bank of England to keep policymakers updated with real-time insights on demand for skilled labour.