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What Is My Market Value?

Are You Trying to Find a Job Abroad?

Do you have any idea how your salary compares to the UK National Average? Or, whether you are paid fairly against the opposite sex? If you have no idea whether you earn more or less money than the rest of the UK workforce, then it is time for you to check out the UK Office for National Statistics's Annual Salary Survey.

How much do you get paid?

Do you whine about your pay packet every time you get paid? Are you sick of seeing how quickly your money gets sucked out when your bills are due? Well, before you resign, you might want to check out what other employees in other sectors are earning ¨ in case you have a cushy job by comparison.

Every year the UK Office for National Statistics produces their Annual Survey of Hours and Earnings results. This helps you understand how lucky you are ¨ or whether it's time to dust off your CV and start your job hunt.

The 2012 UK Salary Survey Results

The Annual Survey of Hours and Earnings tells us how we value each job in the UK. The Office for National Statistics' (ONS) report is based on an analysis of one percent of employee jobs taken from HM Revenue and Customs PAYE tax records. It does not include salaries or working practices of anyone that is self-employed.

To the end of the April 2012 tax year, median gross annual earnings for full-time employees were £26,500, an increase of 1.4 percent from the previous year. Sadly, in the UK, our rate of inflation was 2.3 percent, so wages are not keeping up with the cost of living.

The UK Gender Gap in UK Salaries

In the UK, women are still paid less than men, despite equal opportunities legislation attempting to prevent this. Women earn 9.6 percent less than men on average. Men are paid 14.9 percent more than women in full-time roles and in part-time roles men are paid 7.9 percent more than women.

The UK's Best and Worst Paid Jobs

We all need hairdressers so that we look fabulous when we go to work but sadly, hairdressers are the lowest paid employees in the UK. Airline pilots and company chief executives are among the highest paid jobs in the UK. In fact last year managers and senior officials earned £738 per week which is 46 percent higher than all UK employees.

Do Salaries Vary by Region?

It is no surprise that employees in London earn the highest weekly earnings. Employees in Wales earn the lowest weekly salary at£453.

How do Salaries in the UK Public Sector Compare with the UK's Private Sector?

The median gross weekly pay of full-time employees in the public sector was £565 in 2012, whereas the median gross weekly pay in the private sector was £479.

When Does Your Salary Peak in the UK Job Market?

If you are thinking about moving jobs and you are a man aged between 40 and 49 years old, then think carefully. In the UK, your salary peaks at this age and then decreases afterwards. So, you need to decide whether you have reached your peak ¨ and therefore need to stay where you are ¨ or whether you can afford another one or two jumps to maximise your salary during this period. For women, their UK salary reaches its peak when they are aged 30 to 39 years.

What Are the Typical Working Hours in the UK Job Market?

Actually, this is better than we expected. In the year until April 2012, full-time employees worked a mean average of 39.1 paid hours per week (including overtime) and part-time employees worked 18.1 hours per week.

If this survey gives you the nudge you need to kick-start your job search, then please contact us today to find out how we can create a new CV and LinkedIn profile that win your next job.

If you think you can get paid more in a new job, then review your CV, update your LinkedIn profile and then start scanning the market to work out what you're worth and what's available. Good luck!

To find more great jobs in the UK use our Custom Google Search Tool:

Custom Job Search

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Cities we write in

When your CV is upgraded by the UK CV Experts team, you can rest assured that it will be created in the UK by a native English speaker who has at least five years commercial experience in a recruitment role, or managerial function with recruitment responsibility. Our core team writes CVs in the following locations:

  • London
  • Birmingham
  • Manchester
  • Leeds
  • Oxford
  • Cambridge
  • Brighton
  • Southampton
  • York


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