Questioning what the common UK wage is in 2022? If that’s the case, you’re not alone. A typical trait amongst Brits is that we don’t like speaking about cash and the way a lot all of us earn. Due to this, many individuals do not know what the common UK wage is or whether or not they’re incomes above or beneath it.

UK common salaries can range between industries, from minimal wage earners to these on six figures. Right here, we discover the median wage within the UK, in addition to the gender pay hole and which UK jobs pay the very best.

Need to know extra? Scroll down to find how your earnings stack up!

UK common wage

In accordance with the Workplace of Nationwide Statistics, or ONS, the UK common wage was £13,549 for part-time employees and £38,131 for full-time workers in 2021/2022. This has barely decreased from the common UK wage in 2020, which was £38,552 for full-time positions and £13,819 for part-time.

Moreover, the median common wage was decrease 12 months on 12 months – £11,310 for part-time and £31,285 for full-time. That is in comparison with £11,240 and £31,487 in 2020, respectively.

Median salaries are higher numbers for evaluating a wage. This strategy means it’s much less prone to get combined up by the few individuals incomes larger salaries. The median wage is on the centre of all wages, a “intermediary” whom you’ll be able to decide your individual wage towards.

That is higher than utilizing the common wage which is affected by the individuals who earn greater than £62,645 every year.

However, does a median wage alow you adequate revenue to pay the common family payments monthly?

What is an efficient wage within the UK?

Between £2,500 and £3,000 is taken into account to be a really perfect month-to-month web revenue within the UK. That wage may assist a snug life in a metropolis, together with a two-bedroom flat, leisure and leisure.

Not solely that, however many Brits really feel {that a} £2,000 a month revenue after tax is the minimal required quantity for a single particular person to dwell a great way of life. A £40,000 gross wage is what you would wish to dwell a snug however not extravagant life within the UK. That is additionally the wage a pair with youngsters would wish to dwell properly.

It could imply you’d be making sufficient to hire an residence or a automobile, dine out, and go on common holidays.

The Gender Pay Hole

The most recent information from the ONS exhibits that the common UK male full-time worker earns 14.9% greater than his feminine counterpart. Nevertheless, in part-time work, the pay hole distinction is in favour of feminine workers, with ladies incomes 2.22% greater than males.

It is because extra ladies work in part-time positions than males. In 2021, for full-time workers, the gender pay hole was 15.1% in favour of male workers. The part-time distinction was in favour of ladies by 17.4%.

Which jobs have the most important gender pay hole?

The latest information exhibits that male employees earn 50% greater than their feminine co-workers within the 5 professions with the most important wage gaps. Which means that male employees in these jobs earn the identical wage as feminine employees in the identical position in round half the time.

Cellular machine drivers, akin to those that work in pile driving or tarmac surfacing, have the most important UK gender pay hole. In these roles, male employees are paid 57.99% greater than feminine employees.

Is there an enchancment within the gender pay hole?

Sure. However this enchancment doesn’t apply to all age teams equally. Employees aged 40 and over nonetheless expertise a better hole than youthful employees – as a lot as 10% or over in lots of roles. It is because there are extra males than ladies shifting up into highly-paid managerial roles after age 39. After this age, the UK common wage tends to extend.

Which elements have an effect on UK common salaries?

Location

It’ll come as no shock that Londoners are making probably the most cash – a median of £728 each week. The capital’s median wage is £68 larger per week than the second highest within the South East, with a median of £660. It’s additionally £117 larger than the median determine for the remainder of the UK.

Bear in mind, although, that this quantity is given a lift because of town’s mega earners, akin to CEOs on six figures. Regionally, the North East has the bottom common pay, with full-time employees incomes £547 per week.

Nevertheless, you then have to think about that it could price much less total to dwell in different areas. Discover out the most cost-effective locations to dwell within the UK to see if it’s price a transfer to get extra disposable revenue out of your wage.

Occupation

The business you’re working in stands out as the purpose you’re not incomes as a lot as your folks. Now, should you’re fiercely enthusiastic about what you do and your wage is sufficient so that you can assist your self, that’s nice! However, should you’re doing it solely for the cash, it might be time for a profession change.

Age and expertise

Having expertise within the working world will all the time pay higher. Individuals within the 16 to 17 age bracket earned the least in 2021 with a median wage of £220 per week – £220.40 for girls and £219.10 for males.

By the way, this age bracket is the one one through which ladies are likely to earn greater than males. The figures bounce all the best way to £327 and £354 for men and women within the 18-21 age group.

When you get to the 40-49 age group, your earnings can doubtlessly attain a median of £704 per week, making this the highest-paid age bracket. Sadly, after this, the common UK wage begins to lower as you get nearer to retirement age. Full-time workers can count on to earn round £648 per week.

However what about these aged 60 and over? The common UK determine sits at £575, however these numbers also can start to dip. That is due to workers retiring, lowering the common earnings quite a bit.

Non-public or public sector

Sometimes, public sector salaries are larger than jobs within the non-public sector. In 2020, the UK median wage for full-time employees within the non-public sector was £30,973. However, these within the public sector earned barely extra, with the median common UK wage being £32,743.

When must you get a elevate?

Are you sad along with your present wage? If that’s the case, now’s the time to begin working in the direction of that pay rise. We’re not suggesting that you just immediately burst into your boss’s workplace demanding extra money, although.

You need to count on a elevate round as soon as per 12 months, so in case your common weekly earnings have not too long ago gone up, you’ll in all probability must make do with it for now. However, if it’s been a 12 months, or much more, since your earnings got a lift, it’s a good suggestion to begin planning your technique.

One of the simplest ways to ask for a pay rise

A very good time to request a pay rise is throughout your subsequent efficiency evaluate, so be certain to examine when the subsequent one is. Sadly, your strategy to the topic largely will depend on your superior’s character.

In the event that they’re a direct and no-nonsense type of particular person, sending an e-mail within the lead-up to the evaluate is a good suggestion. Within the e-mail, you’ll be able to state that you just’d like to debate your wage, to keep away from any surprises. In different circumstances, you could have to debate it in one other dialog.

Everytime you do carry up the subject, have a great case ready for why it’s best to have the elevate. Have you ever created new methods which have benefitted the corporate? Have you ever taken on extra accountability because you final had a pay rise?

Take into consideration what you’ve achieved over the past 12 months and have your case clear earlier than you ask for extra money. A dialog like this wants confidence – the worst factor you are able to do is sound nervous or overlook key factors. Rehearsing in entrance of a mirror is all the time a good suggestion!

How huge of a pay rise must you ask for?

Earlier than you go in with all weapons blazing, you want to have an thought of how a lot extra cash to count on. Try the common salaries of different employees in your position – you would even ask your folks and acquaintances how a lot they’re incomes.

Don’t really feel awkward about having conversations about funds with your folks. The much less you keep at midnight about different individuals’s earnings, the extra assured you’ll really feel speaking to your supervisor a few elevate.

When you’ve achieved your analysis, you’ll be able to determine how a lot you wish to enhance your earnings or look forward to a determine to be instructed by your supervisor. Bear in mind, asking for a elevate is a fragile matter, so the latter possibility might be the most effective. If the instructed determine is simply too low, you’ll be able to all the time attempt to negotiate.

It’s higher to slowly make your manner in the direction of your required determine than go straight in with an eye-wateringly excessive quantity that instantly will get rejected.

What to do in case your pay rise request is rejected

If the worst occurs and your request is rejected, don’t really feel disheartened. Consider it as a chance to indicate you’re keen to remain on the firm and increase your efficiency. Ask what you would do to warrant a future pay rise and stroll out of the negotiation with pleasure.

Take into accout, although, {that a} pay rise rejection isn’t all the time private. Lately, some corporations merely can’t afford to provide out common pay rises.

In search of one other job as an alternative? Why not discover a real make money working from home job or discover out the way to get a job with no expertise.

Find out how to negotiate the wage for a brand new job supply

If the corporate you’re employed for isn’t in a position to give you a pay rise, it might be time to consider a brand new job. If you happen to determine to do that, remember the fact that negotiating your new wage is tremendous necessary for getting off to a great begin.

Wait in your potential new employer to supply a quantity, thank them, however politely request time to consider it earlier than you snap their arm off. It could be tempting to grab up the supply right away, however excited about it exhibits that you just’re sensible. It’ll additionally offer you an opportunity to think about the supply with out your judgement being clouded by pleasure.

One of the simplest ways to strategy a negotiation

In some methods, negotiating the wage of a brand new job is like asking for a pay rise in your present one. You’ll must be armed with the data of how a lot different individuals in the identical subject earn, and also you’ll have to promote your self. However, you’re already good at this should you’re on this place anyway.

When starting the negotiation along with your new supervisor, broaching the topic with out being defensive is essential. Define your required determine as a suggestion quite than a requirement. Keep keen in regards to the job as a result of the purpose is to come back throughout as a precious and constant crew member.

By no means give out an ultimatum. It will put your employer off instantly, doubtlessly leaving you jobless. If wage negotiations don’t work, attempt negotiating worker advantages like bonuses or holidays.

These will appear to be small requests, so your employer could also be extra inclined to go for them. That is very true should you’ve saved the appeal on all through the assembly!

Coping with rejection

If there’s no likelihood of any negotiation, it might be price asking if a pay evaluate is feasible when you’ve acquired by means of the probation interval. This offers you an opportunity to indicate off your talents within the position and offers you the boldness to argue your case. Bear in mind, your price isn’t outlined by your wage!

Find out how to get probably the most out of your wage

Budgeting

Many monetary objectives might be achieved with cautious budgeting, and it means you don’t have to compromise on the necessities. It’s very important to save lots of first and spend after as an alternative of the opposite manner round.

A very good rule of thumb is to spend 50% of your wage on necessities, 15% on private purchases and 35% ought to go into your financial savings.

Set objectives

Saving cash with none objectives is a nasty thought. You could possibly be depriving your self should you don’t truly know what you’re saving cash for. Take into consideration which brief and long-term objectives you’d like to attain.

Some short-term objectives might be a vacation, shopping for a automobile, or some new furnishings. Lengthy-term objectives may embody shopping for your first dwelling or going to school.

Control your spending

Bear in mind to maintain monitor of how a lot you’re spending, particularly with private purchases. Presents and impulsive buys can rapidly add up!

FAQs

Which UK jobs have the bottom common salaries?

In 2022, childcare employees as soon as once more had the bottom common UK earnings, with take-home pay of simply £6,925, 3.4% greater than in 2021. After childcare employees, bar workers had the second lowest common earnings within the UK, taking dwelling £7,844.

What are the highest-paid jobs within the UK?

You in all probability consider CEOs whenever you think about the highest paid jobs within the UK, however they’re truly in second place now. Promoting administrators, gross sales, and advertising positions are actually the highest-paid roles within the UK.

That is partly due to the CEO position struggling a 2.2% common earnings decline. IT administrators are in third place, with common salaries of £68,912

What’s an above-average UK wage?

Within the UK, £50,000 might be classed as an above-average annual wage. The UK common wage for a household with each dad and mom working is £40,000, so £50,000 could be an above-average revenue of 67% extra.

What’s extra, you wouldn’t pay excessive taxes on this revenue and would nonetheless be within the 20% bracket. You’d pay round £13,000 in Nationwide Insurance coverage and revenue tax leaving you with roughly £37,000.