(News of The South) – Professional salaries in the UK are expected to increase by at least 3% in 2020 – following two years of pay freezes.
With over half of UK professionals believing that their pay is not an accurate reflection of the work they do – news of salary increases above 2020 inflation rates (1.94%) will be warmly welcomed.
Brexit
The biggest pay increases for white collar professionals will be in The Midlands (+4.46%), The North (+3.31%), followed by South East (+2.90%) and Merseyside (+2.86%).
Whilst business confidence returns to most regions within the UK, the capital London will experience the slowest growth in salaries at +2.15% – that is less half of the increase expected in The Midlands.
The findings come from leading global recruitment constancy Robert Walters. The firms annual Salary Survey 2020 is the biggest research piece of its kind, reviewing over 100,000 roles and the views of over 9,000 UK employees.
Professionals working in legal, marketing, procurement, accounting & finance and tech-based roles will see their pay increase above the national average. Whereas salaries within HR, banking, and logistics will remain static – at most receiving a 1 – 2% increase.
For contractors, the most lucrative day-rate increases will be in procurement (+8%), supply chain (+5%), and marketing (+4%). Not surprisingly it is again in HR, banking, and logistics where contractors will be receiving the lowest day-rate increase in 2020.
Comments
About Author
