[UK] 3 in 5 professionals unhappy with salary despite steep rises overall

[UK] 3 in 5 professionals unhappy with salary despite steep rises overall
21 Jan 2022

The latest survey by the UK’s leading independent job board has revealed that a staggering 3 out of 5 (61.3 per cent of) UK professionals are unhappy with their current salary, FE News reports.

The study by CV-Library surveyed 1,500 professionals, its findings showed that lawyers, teachers and new graduates were the most disappointed with their current pay packets. 

Despite such a significant number of workers reporting being unhappy with their wages, the majority (54.6 per cent) of respondents said they had never tried to negotiate for a higher salary.  

When asked their reasons for not negotiating for higher pay, 51.4 per cent of professionals said they didn’t want to risk losing their job, 39.6 per cent said they didn’t want to seem too pushy and 31.8 per cent said they didn’t know how to negotiate.  

Unsurprisingly the situation has been exacerbated by the pandemic. More than a quarter (28.9 per cent) of respondents said they had been less likely to negotiate their salary in 2021 than prior to the onset of COVID-19. However, the tide has changed and with record numbers of job postings, confidence amongst the UK workforce is significantly higher as we move further into the new year. 

This change is already reflected in the 2022 job market; average salaries are on the rise in 16 sectors so far in January 2022, compared to January 2021. The top 5 sectors with increased salaries are: 

1. Hospitality/hotel +65.8 per cent 

2. Marketing +12 per cent 

3. IT +11.6 per cent 

4. Administration +10.3 per cent 

5. Management +9.4 per cent 

Lee Biggins - CEO and founder of CV-Library - said, “When the pandemic first struck, businesses held all the power and competition for top jobs was tougher than ever. However, in the last few months we have seen this power shift back in favour of candidates and the year-on-year salary increases we are seeing across many industries already in 2022, substantiates this. As such, candidates should feel able to negotiate on salary without fear of losing out on an exciting opportunity.” 

Mr Biggins continued, “The key to negotiation is to be prepared. Be sure that you know what you’re worth and what you can bring to the business that will justify a higher salary. To successfully negotiate a salary increase, it’s vital that you take the time to think about what you want, and you check out the latest salaries on offer for your specific role. This will give you the supporting evidence that your expectations are realistic for the 2022 job market.” 


Source: FE News

(Link and quotes via original reporting)

The latest survey by the UK’s leading independent job board has revealed that a staggering 3 out of 5 (61.3 per cent of) UK professionals are unhappy with their current salary, FE News reports.

The study by CV-Library surveyed 1,500 professionals, its findings showed that lawyers, teachers and new graduates were the most disappointed with their current pay packets. 

Despite such a significant number of workers reporting being unhappy with their wages, the majority (54.6 per cent) of respondents said they had never tried to negotiate for a higher salary.  

When asked their reasons for not negotiating for higher pay, 51.4 per cent of professionals said they didn’t want to risk losing their job, 39.6 per cent said they didn’t want to seem too pushy and 31.8 per cent said they didn’t know how to negotiate.  

Unsurprisingly the situation has been exacerbated by the pandemic. More than a quarter (28.9 per cent) of respondents said they had been less likely to negotiate their salary in 2021 than prior to the onset of COVID-19. However, the tide has changed and with record numbers of job postings, confidence amongst the UK workforce is significantly higher as we move further into the new year. 

This change is already reflected in the 2022 job market; average salaries are on the rise in 16 sectors so far in January 2022, compared to January 2021. The top 5 sectors with increased salaries are: 

1. Hospitality/hotel +65.8 per cent 

2. Marketing +12 per cent 

3. IT +11.6 per cent 

4. Administration +10.3 per cent 

5. Management +9.4 per cent 

Lee Biggins - CEO and founder of CV-Library - said, “When the pandemic first struck, businesses held all the power and competition for top jobs was tougher than ever. However, in the last few months we have seen this power shift back in favour of candidates and the year-on-year salary increases we are seeing across many industries already in 2022, substantiates this. As such, candidates should feel able to negotiate on salary without fear of losing out on an exciting opportunity.” 

Mr Biggins continued, “The key to negotiation is to be prepared. Be sure that you know what you’re worth and what you can bring to the business that will justify a higher salary. To successfully negotiate a salary increase, it’s vital that you take the time to think about what you want, and you check out the latest salaries on offer for your specific role. This will give you the supporting evidence that your expectations are realistic for the 2022 job market.” 


Source: FE News

(Link and quotes via original reporting)

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