What Is a Good Salary in 2019
The second highest-earning jobs belong to marketing and sales directors (£1,437.40 per week), followed by legal professionals not elsewhere classified – which is all legal professionals except judges, solicitors and barristers, a small but clearly well-paid group (£1,430.30). In third place are information technology and telecommunications directors (£1,364.40).
The pandemic's impact
It won't surprise you to learn that, initially at least, Covid-19 had a negative impact on average earnings in the UK. However, following a sudden drop at the onset of the pandemic, figures began to climb steadily. Between March 2020 and January 2021, average weekly earnings increased by 6.5 per cent, including bonuses, and 4.3 per cent for regular pay, according to the ONS. Partly, this is what we call the "composition effect" – which means that because many of the jobs that were lost during the pandemic were in low-paid sectors (hospitality, for example), the average for the jobs that remain has been brought up. That being said, there has been a noticeable increase in unemployment rates, which have grown from 4.1 per cent in the March to May 2020 period to five per cent in the November to January 2021 period.
When to get a raise
Unhappy with where you currently stand against the rest of the population? Well then, the time to start working towards a raise is now. But we're not suggesting that you immediately storm into your boss's office and demand more money after reading this article. Getting what you think you deserve is a much more delicate process that must be done right in order to succeed.
It's important to keep in mind that you should expect a raise about once a year, so if your earnings have already been given a boost quite recently, then it's probably best to grit your teeth and make do with what you've got for now. On the other hand, if it's coming up to a year or more since your salary last got a hike, you should start working on your strategy immediately.
The most obvious time to ask for a pay rise is during a performance review, so it's a good idea to make sure you know when your next one is coming up. Unfortunately, a lot of how you approach the rest of the process depends on your manager's personality. If they're a no nonsense and straight to the point kind of character, then an email in the run up to your review clearly stating that you would like to discuss a revised salary should go down well. In other cases, you might have to slip it in during another conversation.
But whenever the topic does finally come up, make sure you're prepared with a good case as to why you actually deserve a raise. Have you taken on any more responsibilities since your last pay rise? Or developed any new strategies that have significantly benefited the company? Have a long think and have these points clear in your mind before you go in and ask for more money. You need to deliver your case with confidence, so there's no room for forgetting key points and stumbling over words – a morning rehearsal of your statement in front of your bathroom mirror probably wouldn't hurt.
Source: https://www.gq-magazine.co.uk/article/average-uk-salary
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