Most Brits don't think they are paid ‘what they are worth' but asking for a raise pays off

Asia's Tech News Daily

© Provided by City AM

Most people don’t believe they’re being paid what they think ‘they are worth’ to do their current jobs. And, perhaps unsurprisingly, the longer it’s been since they last received a pay rise, then the more inclined they are to feel this way.

CIPHR polled 1,005 British adults to discover more about how employees perceive their pay. The findings reveal that

In fact, less than half (41 per cent) of workers consider their salary to adequately reflect their job role and experience.

The other half (44 per cent) think they’re being paid less than they should be, and one in six (15 per cent) can’t decide one way or the other, according to new data shared with City A.M. today.

By comparing whether employees agree or disagree with the idea that they are paid ‘what they are worth’ to the last time they received a pay rise, the results appear to show a direct correlation between the two, a survey by HR software provider CIPHR found.

Those that have waited over a year for a salary increase, are more likely (67 per cent) to be dissatisfied with their earnings. While the majority (60 per cent) of those who received a pay rise within the last six months think the opposite.

Senior management vs non-management staff

Notably, people occupying senior management positions, such as owners, CEOs, CFOs and C-level executives, are more likely to feel adequately rewarded for their efforts, with the majority (64 per cent) agreeing that they are paid ‘what they are worth’. Two-fifths (40 per cent) of them report getting a pay rise in the last six months.

Not so for non-management staff, however, who make up around 64 per cent of survey respondents. They are among the most likely (48 per cent) to think they’re underpaid and the least likely (33 per cent) to have had a pay rise within the last six months.

While an employee’s perception of what they earn can be shaped by numerous different factors, such as job title, organisational role, and experience, for example, it can only really be quantified in monetary terms.

Around £45,000 seems to be the sweet spot for most, which is significantly higher than the national average, according to the Office for National Statistics, the median annual pay for full-time employees in the UK is £31,461.

Nearly half (48 per cent) of people earning an income of over £45,000 think they are being paid ‘what they are worth’. On the flipside, 46 per cent of those earning less than £45,000 don’t think they are being paid ‘what they are worth’.

Asking for a pay rise

Given that around two-fifths (38 per cent) of employees say they haven’t had a pay rise in over a year, and around the same number (43 per cent) say they haven’t requested one in over a year, it’s easy to question why so many people have accepted the status quo? It does perhaps illustrate the maxim: if you don’t ask, you don’t get.

Workers at smaller companies – with 26 to 50 employees – seem the least likely to request a pay rise, with only 50 per cent having done so within the past year, compared to 55 per cent of those at larger organisations with over 251 staff.

Women also seem less likely than men to request a pay rise, with only 54 per cent compared to 60 per cent having asked their employers for a raise within the past year. When it comes to getting one, slightly more women (63 per cent) than men (60 per cent) actually got a pay rise.

To find out how many people were successful in negotiating a salary increase, CIPHR compared the last time employees requested a pay rise to the last time they received a pay rise.

A third (33 per cent) of the employees who requested a pay rise within the last month, got one in the last month; two-thirds (68 per cent) of the employees who requested a pay rise within the last six months, got one in the last six months; and three-quarters (77 per cent) of the employees who requested a pay rise within the past year, also got one in the past year (most – 54 per cent – around the same time they asked for one).

The majority (63 per cent) of respondents that say they haven’t requested a pay rise in over a year, haven’t got one in over a year. Only a third (37 per cent) bucked this trend. So, perhaps for employees, it does pay to ask.

It certainly pays to be prepared, said Gwenan West, head of people and talent at CIPHR: “Before you even contemplate asking for a pay rise, ask yourself ‘why’. Do you feel undervalued? Are you paid significantly less than the market rate? Have you taken on more responsibility?”

“What’s the worst you could be told – no?”, added HR consultant Courtney Thompson-Ayerst, implementation team lead at CIPHR.

“Having an open discussion is always the best way to approach a pay rise. Many employees look outside of their organisation as a form of negotiation, which can sometimes end in the wrong outcome. When, in fact, all that was needed was a simple conversation with their employer.”

Annual pay rise was 8.8 per cent

Across all respondents who report receiving a pay rise in the past year, the average increase was 8.8 per cent (the median pay rise was 3%). The average pay rise for those that were awarded one over a year ago, was nearly 3 per cent lower, at 6.2 per cent, the median pay rise was 2 per cent.

People working in the arts, entertainment, or recreation (77 per cent), manufacturing (71 per cent), HR (70 per cent), finance and insurance (69 per cent), legal services (67 per cent), and retail (67 per cent), were among the most likely to report getting a pay rise in the past year.

Claire Williams, director of people and services at CIPHR, said: “There’s no denying that people’s perception of their own value in the workplace is closely linked to the financial package they receive. This has obvious implications for employers. Workers that feel undervalued or underpaid can have a negative impact on productivity, employee engagement, job satisfaction, morale and so much more.”

Internet Explorer Channel Network
Asia's Tech News Daily
News Related


Star Health IPO opens today — Check out close date, allotment and other important details

© BCCL Star Health IPO opens today — Check out close date, allotment and other important details Star Health and Allied Insurance IPO has opened today and will close on ... Read more »

Wall Street: How S&P 500, Dow Jones, Nasdaq, Russell 2000 fared on Monday

© Provided by CNBCTV18 The US stock markets on Monday witnessed some recovery from a slide last week. The S&P 500 recovered more than half its drop from Friday even ... Read more »

RERA has brought discipline to real estate sector but needs more teeth, say experts

© Provided by The Indian Express Four and a half years since Real Estate Regulatory and Development Act came into force, Maharashtra continues to lead the country in terms of ... Read more »

‘No dearth of O2, medicines': Pune administration seeks to allay fears

© Provided by The Indian Express In view of the emergence of the Omicron variant of the Covid-19 virus, the district administration in Pune has started preparation in the event ... Read more »

Brian Kelly bolting Notre Dame to coach LSU in stunning move

College football’s head coaching carousel is in full swing. Brian Kelly, who has been Notre Dame’s head football coach for the last 12 years, is expected to take over the ... Read more »

Will Karnataka impose a lockdown amid Omicron scare? CM Basavaraj Bommai answers

© Provided by Zee News Davanagere: Karnataka Chief Minister Basavaraj Bommai on Monday dismissed fears in some quarters over any possible lockdown amid COVID-19 cases in some educational institutions and ... Read more »

Go Fashion shares set to list on BSE, NSE today; check what grey market trends suggest on listing

© Provided by CNBCTV18 Go Fashion — the operator of Go Colors outlets — is set to list its shares on stock exchanges BSE and NSE on Tuesday, November 30. ... Read more »

Covid news live: WHO warns Omicron poses ‘very high' risk; new variant detected in at least a dozen countries

LIVE – Updated at 01:39 © Photograph: Manu Fernández/AP A syringe is loaded with the Moderna Covid-19 vaccine at a hospital in Madrid, Spain. The WHO has warned that the ... Read more »

MI6 needs tech sector's help to win AI race with China and Russia – spy chief

MI6 will have to become “more open to stay secret” and work with tech companies to counter threats posed by China and Russia who seek to gain advantage by mastering ... Read more »

Biden says Americans may need an 'updated' Omicron vaccine or booster

© Provided by Daily Mail MailOnline logo President Joe Biden on Monday warned Americans they may need another shot to protect them from the Omicron variant of COVID-19 as he outlined ... Read more »

Jermain Defoe removed from coaching duties at Rangers

© Provided by Daily Mail MailOnline logo Giovanni van Bronckhorst has removed Jermain Defoe from coaching duties at Rangers – but stressed the veteran striker can still play a vital ... Read more »

Lim Tean, who took over SBS Transit drivers' case, says trial will proceed

© The Independent Singapore © The Independent Singapore Singapore — Lawyer and opposition leader Lim Tean said on Monday morning (Nov 29) that the lawsuit filed by 13 bus drivers ... Read more »

Sumber penjagaan kesihatan mental di luar jangkauan B40, kata pakar

© Provided by Free Malaysia Today Sebuah kaji selidik di peringkat kebangsaan mendapati 79% daripada golongan yang mengalami kemurungan adalah daripada kumpulan B40. PETALING JAYA: Komuniti B40 yang berpendapatan rendah ... Read more »

Lionel Messi wins Ballon d'Or award for record-breaking seventh tim

Lionel Messi has been crowned winner of the Ballon d’Or award for a record seventh time with Robert Lewandowski finishing as runner-up. The Argentine forward capped off a remarkable 2021 ... Read more »

Strictly's John Whaite keen to win Glitterball after Bake Off trophy disaster

Strictly Come Dancing star John Whaite has revealed that his butter-fingered mum broke his Bake Off trophy – leaving space on the shelf for the Glitterball. The chef, 32, won ... Read more »

Conservative freshman lawmaker enters Alaska governor's race

© Provided by Associated Press FILE – Alaska House Sergeant at Arms Michaela Bradner, right, tells state Rep. Christopher Kurka, R-Wasilla, that his face shield is inadequate to meet the ... Read more »

Washington state sees more flooding, next storm approaches

BELLINGHAM, Wash. (AP) — Localized flooding in Washington state from another in a series of rainstorms doesn’t appear to be as severe as an extreme weather flooding event earlier in ... Read more »

Calgary family stranded in South Africa amid travel bans prompted by Omicron variant

A family from Calgary stuck in South Africa due to newly imposed COVID-19 travel restrictions hopes to return home. © Tom Reynolds / Global News The family, all of whom ... Read more »

Lawyer: Jussie Smollett 'a real victim' of attack in Chicago

CHICAGO (AP) — Jussie Smollett “is a real victim” of a “real crime,” his attorney said in opening statements at the ex-“Empire” actor’s trial Monday, rejecting prosecutors’ allegation that he ... Read more »

Monster-SUV mit Plug-in-Hybrid und 750 PS - BMW Concept XM (2022)

Das erste eigenständige Modell der M GmbH seit dem M1 von 1978 ist in vielerlei Hinsicht das genaue Gegenteil: Sports Utility Vehicle statt Sportwagen, wuchtig und hoch statt flink und ... Read more »

Blue Jays give starter Kevin Gausman five-year, $110M deal?

The Toronto Blue Jays acted quickly to ensure that their rotation would stay strong for the 2022 season. © Darren Yamashita-USA TODAY Sports Kevin Gausman makes sense for Toronto after ... Read more »

COVID-19: Daughter fears 'terrified' father, 41, 'trapped in his own body' after contracting coronavirus

Father-of-eight James Grayson is in a coma after falling critically ill with coronavirus in October. His daughter Ebonnie tells Sky News her family are "absolutely heartbroken" after scans showed his lungs are continuing to deteriorate. Read more »

Resident is slammed for being 'selfish' after complaining they were woken up by air ambulance dealing with a patient nearby - with 999 chiefs saying 'messages like this really affect morale'

Southampton resident branded 'selfish' after complaining about air ambulanceThe angry homeowner moaned about being woken up by a helicopter at 4amThousands of social media users flocked to the air rescue charity's defence  Read more »

MI6 chief warns that a tech revolution over next ten years could pose major threat to world order

Richard Moore, 58, head of MI6 will liken tech changes to industrial revolutionWill use speech to say revolution could pose major threat to world orderChallenge requires a 'sea-change' in MI6's culture and ethos Read more »

Keep korma and carry on eating: Two Indian wedding guests can't bring themselves to walk away from the free buffet as fire rages behind them

Two men in Maharashtra, India nonchalantly eat as a massive fire rages behindThe fire 'caused by firecrackers' needed several firefighters to put outThat did not stop the two men from enjoying the buffet at the Bhiwandi nuptials Read more »

‘Total monster' wife killer who was released from his life term despite never revealing where he hid victim's body is sent back to jail for breaching parole rules

Russell Causley, who refused to say where he hid his wife's body, is back in jail The murderer was handed a life sentence for killing Carole Packman in in 1996 He was again taken into custody for breaching standard licence conditions Read more »

Sheridan Smith 'is lucky to be alive' after ploughing her £100,000 Range Rover into a tree in high-speed smash during Storm Arwen – but escaped horror with cuts and bruises

Sheridan Smith, 40, was driving her Range Rover round tight bend when she lost control during icy conditions on Saturday and crashed into treeSheridan and boyfriend Alex Lawler were said to be in the car at time of crash Her neighbour said the actress was 'lucky to be alive' the horrifying collision Read more »

Judge blocks Biden health-care worker vaccine mandate in 10 states

Nurse Katrina Philpot protests against COVID-19 vaccine and mask mandates near the state Capitol on Friday, Aug. 20, 2021, in Santa Fe, N.M. AP Photo/Cedar Attanasio A federal judge put ... Read more »

Kidnapping, endangerment trials upcoming

Nov. 29—Trial court dates have been set in Criminal Court for unrelated cases ranging in charges of kidnapping and assault to reckless endangerment. Dozens of other defendants made appearances for ... Read more »

‘I'm A Celebrity… Get Me Out Of Here!' Latest: Question Marks Over Live Show For Fourth Consecutive Night

ITV is facing the possibility of a fourth consecutive night without a live episode of I’m a Celebrity… Get Me Out of Here! on Monday, with Storm Arwen continuing to ... Read more »

LA begins enforcing strict mandate requiring proof of vax

1 / 7Virus Outbreak CaliforniaPatrons Naomi and Troy DeMontmorency, from Kern County, Calif., show their digital vaccination certificates to waiter Juan Rodrigues, left, before being allowed to enter the Fred ... Read more »

Amid virus scare, bulls & bears fight it out on D-Street

Mumbai: India’s stock benchmarks ended marginally higher on Monday after swinging between gains and losses as investors braced for uncertain days ahead in the wake of the new Covid-19 variant. ... Read more »

FPI money to track new variant of worry

Mumbai: Foreign funds, pulling money out of Indian equities on concerns such steep valuations, a hawkish US central bank and a stronger dollar among others, have one more reason to ... Read more »

Irish funeral results in 8 arrests as families clash

It was a grave situation. A serious dustup in an Irish cemetery has so far resulted in the arrest of seven men and one woman from a pair of families ... Read more »

Oil prices rise on bets OPEC+ will hold off output hike

FILE PHOTO: Pipelines run to Enbridge Inc.’s crude oil storage tanks at their tank farm in Cushing By Sonali Paul MELBOURNE (Reuters) – Oil prices climbed on Tuesday, extending a ... Read more »

21-year-old Kansas state legislator suspected of DUI weeks after domestic violence arrest

Controversial Kansas state Rep. Aaron Coleman, 21, was arrested on suspicion of driving under the influence over the weekend, four weeks after he was arrested and charged with domestic battery, ... Read more »

750-HP BMW XM Concept Previews an Insane Performance SUV Flagship

© BMW The plug-in-hybrid XM will arrive at the end of next year and is the first stand-alone M model since the 1970s-era M1 sports car. The BMW XM concept ... Read more »

Yassmin Abdel-Magied claims 'Australia is run by bullies' in Twitter rant unleashing on Scott Morrison's trolling laws - after she was driven out of the country over 'lest we forget' post

She previously referred to herself as Australia's 'most publicly hated Muslim'Ms Abdel-Magied turned to foul language on Twitter to get her point across She also delved into her own history of getting death threats in recent years Read more »

Girlfriend of 'kinky sex overlord' is charged with child sex offences and stealing morphine while working as a nurse - as her four polyamorous partners raise a new baby at home

A girlfriend of a 'kinky sex overlord' is accused of sexual offences with minorsGrace Boyce-Carnus, 22, is the second girlfriend of James Robert DavisThe former nurse is accused of stealing morphine from a hospital  Read more »

Video: PGA legend Lee Elder dies at 87 after becoming the first African-American golfer to play at the Masters in 1975: Trailblazer 'paved the way' for future black stars like Tiger Woods

Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic