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Do your colleagues earn more than you? Plus: the secret trick that can save retirees thousands
| Wednesday February 26 2020 |
Telegraph Money The week's most important personal finance news, analysis and expert advice, from pensions and property to investment ideas and savings tips.
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Average salary by profession: are you paid enough? | | By Stephanie Baxter, Deputy personal finance editor |
| Have you ever found yourself wondering whether your colleagues earn more than you? It’s only natural to be nosy about what your workmates earn. It is also really helpful to have a benchmark when you’re trying to push your boss to give you a pay rise, or thinking about how you want to progress your career. The problem is that most employers frown upon discussing salary in the workplace. Down the pub after a few drinks is when workmates are most likely to reveal all. But it may seem rude to ask someone what they earn – and revealing your own salary might lead to resentment. Avoid these awkward conversations by using our new comparison tool to find out how your salary compares to others in your field, on both a national and regional level. The average wage for full-time employees was 30,353 in the 2018-19 financial year. But there's a huge disparity between the highest and lowest-paid workers in the same occupation. In certain professions, some employees earn as much as 81,000 more than others in the same field. It won’t surprise you that chief executives and senior officials earned the most in the last year at 97,708. But air traffic controllers weren’t far behind with 94,431, earning more than pilots and flight engineers. As expected, London workers earn the most with an average salary of almost 39,000, compared to 32,120 in the South East, and just 27,187 in the North East. Salary isn’t everything, of course. Being happy and enjoying the job are also important given how much of our lives is spent in the workplace. We have compiled a list of the best-paid jobs that also give employees the most satisfaction. You can read about this and plenty more on Telegraph Money – subscribe now and try your first month for free. | | |
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