Majority of professionals unhappy with their salary

(2 minutes to read)

CV-Library: ‘When the pandemic first struck, businesses held all the power. However, in the last few months we have seen this power shift back in favour of candidates’.

Despite data showing that some salaries are up, as many as 61% of UK professionals say that they’re unhappy with their current wage.

The CV-Library study of 1,500 professionals revealed that lawyers, teachers and new graduates were the most disappointed with their pay.

When questioned as to why those who were unhappy hadn’t tried to negotiate a higher wage 51.4% said they didn’t want to risk losing their job, 39.6% didn’t want to come across as being pushy and 31.8% admitted that they didn’t know how to negotiate.

According to the data, the top five sectors with salary increases are hospitality/hotel (+65.8%), marketing (+12%), IT (+11.6%), Administration (+10.3) and management (+9.4%).

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Lee Biggins, CEO and founder of CV-Library, commented, “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.

“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.”

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