October 3rd 2023.
With prices of everything from property to the weekly shop skyrocketing, many of us are looking for an increase in salary to match inflation. According to new data by RIFT, certain jobs are likely to see large pay rises in the coming year.
Chief executives and senior officials had the highest average salary of £109,937, while cleaners came in bottom at £11,628. Among the employees who made the most were those in marketing, finance and information technology directors, medical practitioners, pilots and headteachers, with the worst-paid including kitchen assistants, retail cashiers, waiters and waitresses, bar staff, playworkers and lollipop men.
RIFT found that over 60 professions had seen wages drop in recent years, yet those on the lower end of the scale were often better off on an annual basis. Authors, writers and translators saw the largest salary reduction of all, falling by 17.6%, taking their yearly wage from £48,438 to £40,170.
On the other side, the workers set to see their bank balances grow most over the cost of living crisis were found to be hairdressers. Salon owners’ salaries grew 42.2% in a single year – a rise of almost £8,500. Bar staff are also set to see a pay rise, earning 29.7% more on an annual basis. Information and technology directors also saw a 27% pay rise year on year – the third highest of all occupations.
Other roles that experienced pay rises include glass makers, sports coaches, barristers, youth workers, health care managers, beauticians, and travel agents. Bradley Post, MD of RIFT commented on the findings: ‘It continues to be an incredibly tough time for many where our household finances are concerned and with the dark clouds of economic uncertainty yet to lift, the last thing anyone needs is for their income to take a hit.’
While these figures are averages, it is worth remembering that building on your skills and seeking progression can increase your earning potential. If you’re in a profession that has seen a reduction in earnings, it might be worth discussing a pay rise in 2023.
[This article has been trending online recently and has been generated with AI. Your feed is customized.]
[Generative AI is experimental.]
