Your age isn’t the only number that increases over time. As you accrue more experience in the workplace, your value to employers inevitably increases, and salary expectations should follow in line.
There’s a direct correlation between age and salary – for most of your life they will increase together as you learn new skills, gain more experience and increase your potential. But it also depends on several variables, including your industry, development, skill set and even gender. Here’s what you need to know according to Instant Offices.
Average Wages in the UK
The average UK annual salary or monthly wage of full-time employees differs drastically across industries. According to the Annual Survey of Hours and Earnings (ASHE), average gross annual earnings for full-time employees was £27,600 in 2015, which was a 1.6% increase from the previous year.
Depending on which sector you join and where you’re situated, your salary could quickly outstrip this amount.
According to Graduate Jobs, the median starting salary for UK graduates in 2016 is between £19,000 and £22,000, which isn’t far from the national average. However, this figure is heavily influenced by several factors that will determine just how much you earn at what age.
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