It’s official: income is on the up. But the majority of staff say they still feel underpaid
At the same time as new statistics from ONS reveal average pay is speeding up, separate research reveals staff actually feel under-valued and under-paid.
According to the ONS, UK workers’ pay climbed by 1.9% over the last 12 months (the largest rise since before the financial crash), bringing average income to £27,600.
Yet, according to a study also published today by lottery provider Lottoland, two-thirds of Britons says they feel under-paid, and half of these are actively looking for a new job.
Its poll of more than 2,000 workers found 64% said they were ‘not satisfied’ with their level of income. By contrast, only 24% of staff said they were happy with what they were paid (and only 12% said they were over-paid).
Of those who said they were under-paid, 28% said they hadn’t had a pay review ‘for a long time’; 19% said they knew they were being paid less than their co-workers for doing the same job, while 16% resented the amount of unpaid overtime they regularly put in.
Some 62% of dissatisfied staff also said they were afraid of asking for a rise for fear of appearing ungrateful. For 13% of workers, the only way they felt they would get a pay rise was by moving to a new role.
Dan Hawkins, senior manager, Lottoland, said: “The issue of salary is bound to rear its head if employees feel underpaid for the hard work they carry out. If employees don’t feel like they’re a valued member of staff, then it is inevitable they will begin to look elsewhere for a more highly paid job role.”
Despite the survey revealing widespread disappointment about pay, separate pay data ahead of the ONS figures by CVLibrary yesterday revealed that one-in-eight workers actually earn more than £50,000.
The job site looked at roles advertised between 1st November 2014 – 31st October 2015 and discovered that over 189,000 of the 1.5 million jobs offered a salary of over £50,000.