While it’s generally accepted that your salary will increase with age as you progress on the career ladder, many people don’t know how their pay cheque measures up to their peers.
And because talking about money is still taboo, it’s not like you can just ask everyone down the pub what their take home pay is and get an honest answer.
Now, finally, new research has put an end to all the wondering.
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The study, conducted by Instant Offices has figured out what you should be getting paid based on your age and monthly UK averages.
It showed that the average UK salary for a full-time employee is £27,000 and that those residing in the capital take home the most money with a monthly average of £2,925.
The full figures from the research based on age are as below:
- Late teens: £15,240- 16,332 Monthly: £1,270–£1,361
- Twenties: £21,948- £23,088 Monthly: £1,829–£1,924
- Thirties: £27,972- £30,420 Monthly: £2,331–£2,535 (this is when the average salary for women peaks at £2,331)
- Forties: £27,096- £33,960 Monthly: £2,258–£2,830 (this is when the average salary for men peaks at £2,830)
Whether you are bang on average, racing ahead of your peers or ‘lagging’ for your age according to these results – it’s important to keep some things in mind.
While there is no substitute for making serious money, there are certain company benefits that may be worth as much or more than a pay increase.
Annual leave and sick leave should always be considered when you’re deciding whether you are earning enough – and flexible work time, pensions, maternity pay should be factored in as well.
If you really think you’re not being paid your worth, the maybe it’s time to learn how to play the ‘pay rise game’.
Want to find out more? Why not attend ‘How to Negotiate a Pay Rise (and extra holiday too) with Step Up Club’. Learn how to negotiate with confidence and get the most out of your career with Alice Olins and Phanella Mayall Fine, founders of Step Up Club. Find out more at: live.stylist.co.uk
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