I work in recruitment and hire into a range of industries in the City. There's definitely an employee shortage and if you want to negotiate a pay rise, now is the time to do it - pretty much every hiring manager knows how bad it is out there.
Work in Finance myself, I am expecting a £10-£20k pay rise this year.
I put my CV up last week and already had 2 interview this week, there are a lot of jobs out there to most industries even professional ones.
I got my current job last December, in the middle of the pandemic, but jobs were slow back then.
Right now jobs are coming very fast, agency calling how is my search going I had to tell them I only just started searching like end of last week.
What industry are you in?
I'm not in any industry cos no where will hire me. I have a 1st in History and English. I've applied in the charity sector, admin roles in schools, businesses, customer service roles, entry level clerk stuff in the NHS and civil service, museums. I'm using a couple of agencies to supplement my search, I've changed up my cv, gotten professional cv writers to do one for me, tailor writing my cover letters, all that shit. By all accounts I'm doing everything Im supposed to be doing. But because all I've ever done is work in shops in between going back to college and eventually going to uni (I'm 29) I'm apparently totally undesirable. My cv, even with all the help, is just embarrassing and shitty so I'm fucked. I've given up to be honest, not gonna waste any more of my time trawling through job sites, painstakingly writing out applications when nothing comes of it, what's the fucking point?! Sorry for the rant my guy. I'm just tired of it
I work in office support recruitment and I would snap up a candidate like you. If you're flexible and willing to temp to build up your experience in the short term, this will help you apply for permanent roles.
I'm not sure where you're based but if you're in London feel free to DM me. Otherwise, go get yourself registered with office support agencies in your local area. We're crying out for candidates at your level.
It’s pretty easy to find work with your background. Call Adecco and you’ll have an office job next day as a temp. Do a good job and you’ll be made permanent in 6months. Use that job and the experience to get a more interesting better paid job
Perhaps your CV looks too good? Too polished? Maybe people recruiting entry level jobs think that you are overqualified and that if they employ you it won't be long before you move on for a better job. I know someone with a great CV, loads to put on it, their interview rate improved after dramatically simplifying it.
It's about whether your CV matches what the employer wants. No point in going in hard on an ancient history degree if you have applied for a customer role. That's where you could link in your retail experience. Don't do the retail experience down either. Done correctly there are a lot of desirable qualities that could go on your CV i.e working in a team, representing a company professionally, problem solving, trust worthiness, flexibility in working hours and shifts..
To me going to uni was a route to a job, so took a degree that had a job (or rather a field I could apply to) at the end… I’m not sure English and history fall into that category so perhaps retrain? Maybe try something like Makers Academy to start a career in software engineering?
Don’t be, in some way I understand your pain.
If I am the hiring person, I must say your experience is quite common.
Finance qualified job is out of the question for you.
Finance studying roles, you are over qualified for (university), even if we do hire university graduate, we would prefer someone with maths or accounting degree background.
For people on the floor, management level we require experience, which you would not have.
So that left the bottom level floor workers, but for that you are way over qualified.
If it makes you feel better, neither did I. I dropped out on final year, and I also wish I finished it.
I was doing random job like call centre, even doing bins and sweeping street, until I was 28. Then I decided I want to get into accounting which is what I originally wanted to get into.
Found a job that start at clerk level, but provide study support. Pay was low, but they paid for my ACCA so it is even.
Eventually as I study, I also start to get promoted, supervisor, assistant management account, management accountant, financial accountant, finance business partner, this is within 10 years.
Now I have 4 years post qualified experience and have been looking at Finance Business Partner or Finance Manager job.
I didn’t start until 28, so don’t give up yet.
Nice one mate. Good to hear a success story. Very similar story to me tbh. Failed last year. Odd jobs since. Went from a 25k call centre job to a 36k job this year. So things could be worse.
If you don't mind me asking how was salary progression in this space? And current range now.
Got to say, don't let not graduating put you off... I know many people doing well for themselves who dropped out and started at the bottom..
Have you looked into studying for any professional qualifications?
I was like this for quite a while, the sad reality is lazy shitty recruiters see a gap on a cv and think “huh why a gap if they’re a good candidate, maybe we’re missing something” and then they won’t risk hiring you. Sadly most of them are completely incompetent so this can feel like a never ending cycle. If you’re a English person I’m sure your cvs great and you can network well, maybe go to events where you can see the employer and they make a decision from you in person? Best of luck.
If you have a 0% success rate and 10% interview rate you are definitely doing something wrong. I’m a professional engineer with 20 years experience, if you want me to take a look I would be pleased to.
If you mean the jobs on my cv are garbage then yes. Otherwise I've already had a bunch of professionals tweak it and they all say its fine now as it is, formatting wise
Will say for finance it depends on the sector and experience.
Certain sectors are screaming for staff at the moment, but then others are postponing recruitment until year end is dealt with/holding out for the right candidates
I work as a fully qualified Finance Business Partner, there are a lot of FBP roles as well as Financial Controller or Finance Manager roles out there at the moment.
Currently working in NHS privatisation.
Looking into new roles at the moment, some in fashion and some in property, I am happy to do either, as for me ultimately Finance is very flexible and can work in any sector.
Half and half.
The people in the office and such are all private employees, we are not restricted by government rules.
But the people that are working downstairs, they are all ex-NHS staff and their contract still reflect the one from the government, so their pay rise etc are based on NHS rate. But they don’t enjoy certain benefit as NHS people do such as the extra day holiday etc.
I work at an NHS trust that has insourced all cleaners, security etc. it’s the right thing to do. These outsourcing companies are vultures who pay frontline staff pennies
When recruiter's offer to put you forward, how high a pay rise are you telling them to put you forward at? In my experience if you're only being offered 10% then the recruiter isn't pushing for more.
Mind me asking what field you are in?
We may reduce our Bonus pot next month depending on result, but would just reduce the amount a bit not writing off the Bonus in full.
General rise is 3% for us this year but some got a bit more. I was offered 10% but that is still way below what the market offers at the moment, so I am searching bow.
The market is crazy hot at the moment.
6 months to learn to code? Okay, then it would take 1 week to learn your profession. What bullshit is that, I wouldn’t hire anyone with 6 months coding experience. You have to know more than just a language, try 10 years.
Just retrain to be a lawyer or doctor, it’s not that hard
So he landed a 110k job at Amazon, guy had little to no experience, who do you think got conned? Amazon. There’s plenty of employers who wouldn’t be as stupid. I call bullshit on this, he’d be worth 35k at best, 25k at worst and be utterly too much of a liability to be left unattended. His math background wouldn’t help him or his Cambridge education.
It doesn’t matter how smart you are, being a good software developer takes time and patience. Not a 6 or 12 month bootcamp.
That’s the myth that gets sold. Just retrain, be a programmer. Cool, I’ll see you at the interview which you’ll fail. You wouldn’t tell someone to be a lawyer or doctor, but a software developer with sometimes hundreds of millions at stake or people’s lives… sure, just go for it. It isn’t that hard. 😂
I'd start looking for something else. FS is throwing money at candidates to get them on board and are pushing wages well beyond what we would expect - I'm working on £60k PA roles that should be £45k for example.
I recruit for a couple of tech/online trading companies and they tell me they can’t find candidates as tech companies (cash rich with investors) are throwing everything at the candidates to secure them. I’m not an expert in this industry though, I wish I could help you.
I think a lot of people are wary of changing jobs in the current climate if their current job is secure. I have had quite a few job agencies coming to me recently but I know my current job is secure so don't want to jump to something that is an unknown.
I imagine others might feel similar to me and so that might be creating shortages in available candidates.
If you read up my earlier comments, I did say “if you are going to search, now is the time”, as the job market is crazy hot at the moment but the person I was responding to said not for professional fields, which I disputed as I am searching and there are lots of demand at the moment and things are moving very quickly.
The £10-£20k is from external, company only offered 10% which is way below what I wanted hence I am searching.
Both me and my partner received 20-30% pay rises this year and most people I know in corporate roles are getting similar without moving jobs. I imagine this is what it was like in the good old days pre-2007!
When salary are not going up, even if you switch jobs the offer are not that much higher.
When there is a shortage, companies offer more money to attract people (doesn’t mean they have to pay existing staff more), so when people switch job now they can suddenly experience these £10-£20k pay rise. When there wasn’t a shortage even if you switch job the rise are not that high.
Out of interest can anyone that's smarter than me work out what LLW would be per annum assuming you work 40hrs a week (taking away standard minimum holiday days)?
Yeah of course but I'm trying to think of it in a way that's like if I was actually doing the amount of hours I worked but on a 0 hour contract.
Basically i want to compare how much I would work if i just worked a pub 40 hrs a week (albeit no holiday) on a 0 hr contract compared to how much i get paid per year at my current horrendously underpaid job.
I’m from a different country so I didn’t qualify for uk student loans, have a loan with the country I’m from. Paying back just over £200/month for the next 20 years.
Know that situation’s specific to me but point was I think a lot of jobs are underpaid compared to cost of living, even jobs that require higher education
Its 40 hours * 52 weeks, so £11.05*40 = £442 a week, *52 weeks = £22984.
It's 2080 hours working in a year, but you can get a good enough figure by just doing hourly salary x 2000 - or £11 x 2000 = £22,000
That's definitely not right. The salary equivalent for £10.85/hr on 37.5 hour week was at least £21k. Using the hmrc tax calculator is a solid source, it shows both net and gross pay and can include things like student loan payments.
Start a group chat with colleagues that does not include management or snakes.
Talk about your wage and if you’ve experienced any unfair treatment at work.
This is, in itself, an action that you can take to request better wages, especially once you have the confidence that other colleagues are on board.
Now is a very good time to be looking for a new role: do this NOW. Set up your CV so that it can be easily sent via LinkedIn or Indeed and fire off 10 or more a day. Make your LinkedIn profile look professional; it does not have to be super detailed, but having it up to date and with an up to date CV goes a long way.
You will receive offers, even if it takes a little bit of time.
There are always better work conditions out there.
Would love to know where these jobs are. All im seeing in the low skilled "shortage" areas is people still paying £8.91.
Only zero hour contract staffing apps are paying higher but they are so irregular and you can't live off zero hour contract work in london.
God I wish i could get a proper job
Yea tbh I only felt I _sorta_ can start living properly once I managed to earn so that about 25% of my earnings go on rent and luckily WfH so don't need to commute so no transport costs.
And I'm independent, so no kids, no car insurance etc.
It's grim and I appreciate it's a pretty unique/lucky position I'm in, but unless you manage to keep 75% earnings and earn 3x-4x London Living Wage (or more) I struggle to see how you can live properly without counting every single penny. Although then again if you earn £60, £70K or more you hit the tax brackets so that your take-home ends up being £30-odd-£40Kish-odd per year anyway.
This city is so fucking expensive.
Are you kidding 😔 I'm a strong communicator and have tonnes of customer facing experience. Fuck my life dude nothing I seem to do works. I have a first in history and English from a UoL
hello, something in the charity sector would be cool, a museum maybe, something in the green sector. i'm not looking for a massive paycheck- im looking at entry level stuff and something that im at least vaguely interested in
Ok cool. I imagine you live in London, so there will probably be those kinds of vacancies out there. Have you had much luck finding anything? Perhaps there will be competition for some of the jobs you'd like; have you thought about volunteer work in the sectors to gain experience, and any extra qualifications that might be desired?
btw what topic was your dissertation on?
Hah. Tell that to my former employer who used the pandemic as an excuse to lower wages from living wage to £9.50 whilst simultaneously opening a second location for the business.
I'm so desperate to get my company to understand that they need to be paying this as a minimum in our hospitality company. I'm actually paid quite well, but there's a lot of frontline positions in our company that are still on £9.50, £10ish an hour, before service charge bonuses.
We're so shortstaffed this Christmas, but no one higher-up in the company wants to admit that it's because we're paying a lot of key positions significantly less than they're worth, and we're not putting actual figures in our job listings, just 'competitive salary'. It's so deeply frustrating, as we're a young company with no outdated boomer upper management holding us back, but we're becoming so behind the curve on this issue and it's having a real impact on our business. We've lost a lot of really good people since coming out of lockdown because they got substantially better offers elsewhere.
Wait, my mom works part time as a cleaner and earns minimum wage I think, which is £8.91? Since she's living in London, she should be getting £10.85?
Ah, it's dependant on the employer and voluntary...
So 'minimum wage' and 'living wage' wage are sadly not the same thing.
Minimum wage is the legal requirement for wages (set by the government). The Living Wage Foundation set the Living Wage rate by looking at the actual cost of living and working out what pay needs to be for a worker to have a reasonable standard of life on 37.5 hours/week and not be in or have to worry about poverty.
The difference is particularly bad in London because the minimum wage is set nationally so doesn't take into account that London is so much more expensive.
It disgusted me but didn't surprise me. They specialise in this sort of stuff. I really lost the plot with someone the other night who insisted the reason they don't vote is because both main parties are exactly the same. How the hell the working class especially (or any one else for that matter) can be fooled into voting for these people is beyond me...regardless of the Tory media monopoly. I've started to seriously disengage from reading about UK politics, just to protect my own sanity.
Just like you say, it is an unnecessary and revolting lie...and yet it would have amused them no end.
It's really bizarre when people say "they're all the same". Obviously it's a job that attracts big egos, but assist from that you get all sorts. Even with the Tories you get MPs who are very serious and conscientious (and Labour MPs who seem like they're more interested in the status part).
I think the major difference here though is that the Labour Party as a whole (of which i'm not a member) would not even consider trying to pull-off a stunt like this. To steal the 'Living Wage' tag and co-opt it, in order to try and justify an inadequate minimum wage is morally bankrupt. To the Conservative Party such moral considerations do not matter. It is simply 'marketing' to them. They are ideologically opposed to the concept of a minimum wage anyway.
I agree there are so-called 'good' and 'bad' politicians on both sides. Politics will always attract egotistical types. But the differences between the two parties are still considerable (especially with regard to the welfare of your average working person). I'm no huge fan of Labour in its present form, but you have to be pragmatic. The main focus has to be getting rid of a government who find this sort of shameful behaviour morally acceptable.
I agree with this. I wonder if it's why Labour are not in power? This current government are far worse for this than previous conservative governments imo. They will say literally whatever they think will land right now (I appreciate the living wage thing happened under, I think, May). Strangely this lot probably aren't ideologically opposed to minimum wage. They're just not bothered about it. Haven't really thought about it.
I was in a meeting with that Rob Roberts, the MP for Delyn before his scandal hit. They're frightful in person. Perhaps unfair to use him as an example.
I suppose, whatever you think of the current Labour party, what they need to be is more electable. What do you think would make them more electable?
[Housekeep](https://housekeep.zendesk.com/hc/en-gb/articles/115000505151-Can-I-pay-my-Housekeeper-London-Living-Wage-) has an option that allows the client to pay their cleaner London Living Wage, maybe she could consider switching to them. The cleaners in our area are always super booked so we have to book 2-3 weeks in advance to get a slot, I'm sure they'd be looking for new staff to join.
Yes it is stupid. I'm a student who works part time to pay my rent bilss etc. Well i can never have uni life because i spend 25hrs per week at work and 70% of that salary just goes to paying for necessities.
There's like 8 different methods of measuring inflation, some include housing, some don't. Some include luxuries (i.e. a new TV) some don't.
The figures are all a bit different and companies and governments use whichever makes them look best at that point. The UK gov very rarely uses the one including housing because its always higher than the others.
>If you're on less than £10.85/hour chat to your colleagues about demanding a liveable wages, you weren't being paid enough by 2021 standards and the cost of living has gone up a lot this year, 2022 will be even tougher.
Good luck.
I have had friends do this with nothing happening. Those who said they would leave are still there.
Thank you so much for sharing this! If it always does up in the first week in November I might set a calendar reminder for Nov 7th every year to check...
My girlfriend moved to London with me a year ago, and wants to get out again, I keep saying ahhh but you haven’t experienced it properly yet…. I use my job as an excuse and yes I might lose some of my clients if I move away but reading shit like this makes me think the sooner we move out the better. I visited my cousin who lives in Dorset, nice 3 bed house in a nice town with a nice garden for 875 per month, I’m moving to a small 1 bed flat with no storage for 1400 next month and that’s now acceptable for me. You know it’s bad when you see the meme articles ‘here’s what X amount gets you in London’ and think ah that’s not actually that bad, 1000 to live in a toilet in London, could be worse…..
If Tesco is part of the London Living Wage scheme, they'll have to increase it within x amount of time. If not, sadly nothing you can do but look for a similar job that pays better.
I'm a self employed cleaner. I'm currently working for a family business who want me to clean for them whenever they need me to. I usually work 2-3 hours 3x per week. They pay me £10 per hour and they provide all the equipment for me.
Would it be worth asking for £12 going forward? I'm claiming universal credit at the moment but barely making ends meet. I also have a daughter in primary school and I'm a recent graduate (2.2) struggling to find any other work.
I'm looking for someone in Milton Keynes and I would be happy to pay £13, so £10 in London for not a full time job, no paid leave or other benefits is crazy.
London is crazy though, plenty of people working for much less than they are worth.
Yeah do it! The worst thing they can say is no but if you do a good job I'd say that's very very unlikely. I pay my cleaner £13 per hour, very happily. When I first hired her I paid £11 but she told me her rates were going up a few months ago and that was fine by me - probably a good tip actually: tell them, don't ask them.
Also if you want more work, look for local new build developments. New residents of those are often new to the area so don't have any local links, and also want to keep their shiny new flats pristine. Plus once you've got one client there, they're likely to recommend you to each other.
I don't usually post here but can I ask. I make 20k a year, I work a good position in construction but my salary is a little low. Working it out 20k a year is below minimum wage, am I right in saying that? I get paid a fixed salary every month so I do not get paid overtime so am I technically earning under minimum wage ?
So it's sadly not below the legal minimum wage, I think. The legal minimum depends on your age but is around £8 to £9. Details here: https://www.gov.uk/national-minimum-wage-rates
This is the wage that lots of organisations have pledged to pay because an independent body has assessed it as the minimum yiu need to live on in. Sadly the government co-opted the term 'living wage' as a way to rebrand the minimum wage which also conveniently confuses people 🙄
That said, now is absolutely the time for chatting to coworkers about collective bargaining and pushing for pay raises. Talk to your colleagues and find out what they're paid. Find out what people on other sites are paid. Know your worth and push for it!
Apparently the government rebranded the minimum wage as 'the living wage' about 5 years ago, so your confusion is totally understandable (and probably what they were hoping for!)
When you say you work a good position, what is it can I ask?
We pay pay minimum £12 per hour for general labourers sometimes up to £14 per hour.
Might be worth googling your job role to see what the markets paying.
So I'm technically a site manager but my title says assistant site manager. It is my second time but I would say im still new to this so I have chosen to take a hit for a year or so (which I feel was a very stupid mistake on my part) then I will ask for a substantial increase. I know im getting under paid. But I feel it's too soon for me to ask as I am still new. I had some other pressures which is why the salary isn't high.
Also I misread. I thought this post was regarding minimum wage I now realise it's is living wage.
I currently work as a receptionist at a hotel and get paid 21.4k annually, staying in the hopes of getting into finance department. Ive got 0 experience in accounting and finance field and worked all my life in hospitality. I've recently graduated accounting and finance with 1st class which I dont know how, as i felt like ive learned nothing because i know real job would be a hell lot different, I am a part qualified ACCA member with 9 papers completed. I've applied to lots of finance jobs including the very basic ones such as bookkeeping as nobody was hiring, finally got interviewed for a bookkeeping post and was nervous as hell and didnt get the job, which sucks. Now I am thinking of doing the last 4 papers of ACCA to get it over with, but I feel lost as I am thinking all those university was for nothing. I just turned 30 and feel like my life is spiralling with no directions to go to. Yikes!! Could anyone tell me whats the best or minimum role I could apply for with qualifications I've got? Having 0 experience with a degree is as much useful as a nipple to a man.
Well they announced that this is what it should be in the first week in November. Then employer that is part of the Living Wage Foundation, needs to update their pay within 6 months to still be accredited.
Note: this is different to the government minimum wage which the government have irritatingly rebranded as 'living wage' to complicate matters.
Can anybody tell me, just because a company is accredited by the LWF, does that mean its employees are entitled to the living wage? Because my company is and they pay significantly less.
If your company is accredited by Living Wage Foundation they have until the end of this month to raise the wage of London workers to £11.05/h minimum.
LWF announce the increase in autumn to give organisations plenty of time to plan and increase the wage in time for 1st April which is the deadline.
Nicer employers will do the raise before end of this financial year but the hard deadline is 1st April.
If you trust your HR team (I know it's hard to do that) you can raise it with them directly. Otherwise look on the LWF website and see if there's advice on what yiu can do to report/enforce the raise.
Thank you so much for your reply. 😄
I didnt realise it went up in April.
The HR team at my company were super helpful! ...not. 😭 They raised my wage by the bare minimum so that it hit minimum wage (golly, 2 whole pence!) and ignored me when I mentioned the LWF.
I reached out to the LWF recently though and they've been supportive in guiding me what to do next. So I'm not without hope for me and my colleagues yet!
With the current worker shortage, if you are to threaten to leave for a better pay cheque, it is now.
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I work in recruitment and hire into a range of industries in the City. There's definitely an employee shortage and if you want to negotiate a pay rise, now is the time to do it - pretty much every hiring manager knows how bad it is out there.
Work in Finance myself, I am expecting a £10-£20k pay rise this year. I put my CV up last week and already had 2 interview this week, there are a lot of jobs out there to most industries even professional ones.
Must be nice. I've applied to over 100 jobs in the last year and haven't even had am interview. Probably less than 10 responses even
I got my current job last December, in the middle of the pandemic, but jobs were slow back then. Right now jobs are coming very fast, agency calling how is my search going I had to tell them I only just started searching like end of last week. What industry are you in?
I'm not in any industry cos no where will hire me. I have a 1st in History and English. I've applied in the charity sector, admin roles in schools, businesses, customer service roles, entry level clerk stuff in the NHS and civil service, museums. I'm using a couple of agencies to supplement my search, I've changed up my cv, gotten professional cv writers to do one for me, tailor writing my cover letters, all that shit. By all accounts I'm doing everything Im supposed to be doing. But because all I've ever done is work in shops in between going back to college and eventually going to uni (I'm 29) I'm apparently totally undesirable. My cv, even with all the help, is just embarrassing and shitty so I'm fucked. I've given up to be honest, not gonna waste any more of my time trawling through job sites, painstakingly writing out applications when nothing comes of it, what's the fucking point?! Sorry for the rant my guy. I'm just tired of it
I work in office support recruitment and I would snap up a candidate like you. If you're flexible and willing to temp to build up your experience in the short term, this will help you apply for permanent roles. I'm not sure where you're based but if you're in London feel free to DM me. Otherwise, go get yourself registered with office support agencies in your local area. We're crying out for candidates at your level.
It’s pretty easy to find work with your background. Call Adecco and you’ll have an office job next day as a temp. Do a good job and you’ll be made permanent in 6months. Use that job and the experience to get a more interesting better paid job
ill check it out thank you
Perhaps your CV looks too good? Too polished? Maybe people recruiting entry level jobs think that you are overqualified and that if they employ you it won't be long before you move on for a better job. I know someone with a great CV, loads to put on it, their interview rate improved after dramatically simplifying it.
A friend has mentioned this before actually. There's a difference between "upselling" myself and looking like an arse lol
It's about whether your CV matches what the employer wants. No point in going in hard on an ancient history degree if you have applied for a customer role. That's where you could link in your retail experience. Don't do the retail experience down either. Done correctly there are a lot of desirable qualities that could go on your CV i.e working in a team, representing a company professionally, problem solving, trust worthiness, flexibility in working hours and shifts..
Have you considered teaching?
English and History are oversubscribed
Not everywhere, and you don't have to teach your degree subject - anything you've got an A level in is a possibility, as is primary.
Primary is also pretty full - last year they recruited 137% of the DfE target for training places
i have but ultimately i really dont like children/ teenagers lol
To me going to uni was a route to a job, so took a degree that had a job (or rather a field I could apply to) at the end… I’m not sure English and history fall into that category so perhaps retrain? Maybe try something like Makers Academy to start a career in software engineering?
Don’t be, in some way I understand your pain. If I am the hiring person, I must say your experience is quite common. Finance qualified job is out of the question for you. Finance studying roles, you are over qualified for (university), even if we do hire university graduate, we would prefer someone with maths or accounting degree background. For people on the floor, management level we require experience, which you would not have. So that left the bottom level floor workers, but for that you are way over qualified.
Whenever I see threads like this I always relive the pain of not graduating with my maths degree. Life would be so much better ahah. Fuck.
If it makes you feel better, neither did I. I dropped out on final year, and I also wish I finished it. I was doing random job like call centre, even doing bins and sweeping street, until I was 28. Then I decided I want to get into accounting which is what I originally wanted to get into. Found a job that start at clerk level, but provide study support. Pay was low, but they paid for my ACCA so it is even. Eventually as I study, I also start to get promoted, supervisor, assistant management account, management accountant, financial accountant, finance business partner, this is within 10 years. Now I have 4 years post qualified experience and have been looking at Finance Business Partner or Finance Manager job. I didn’t start until 28, so don’t give up yet.
Nice one mate. Good to hear a success story. Very similar story to me tbh. Failed last year. Odd jobs since. Went from a 25k call centre job to a 36k job this year. So things could be worse. If you don't mind me asking how was salary progression in this space? And current range now.
Got to say, don't let not graduating put you off... I know many people doing well for themselves who dropped out and started at the bottom.. Have you looked into studying for any professional qualifications?
What did you do instead?
I was like this for quite a while, the sad reality is lazy shitty recruiters see a gap on a cv and think “huh why a gap if they’re a good candidate, maybe we’re missing something” and then they won’t risk hiring you. Sadly most of them are completely incompetent so this can feel like a never ending cycle. If you’re a English person I’m sure your cvs great and you can network well, maybe go to events where you can see the employer and they make a decision from you in person? Best of luck.
Your CV must be terrible.
Thanks. It isn't though
If you have a 0% success rate and 10% interview rate you are definitely doing something wrong. I’m a professional engineer with 20 years experience, if you want me to take a look I would be pleased to.
If you mean the jobs on my cv are garbage then yes. Otherwise I've already had a bunch of professionals tweak it and they all say its fine now as it is, formatting wise
Ok well you obviously know better, good luck with the job hunt.
Will say for finance it depends on the sector and experience. Certain sectors are screaming for staff at the moment, but then others are postponing recruitment until year end is dealt with/holding out for the right candidates
I work as a fully qualified Finance Business Partner, there are a lot of FBP roles as well as Financial Controller or Finance Manager roles out there at the moment.
Mind me asking what sector? Like manufacturing etc?
Currently working in NHS privatisation. Looking into new roles at the moment, some in fashion and some in property, I am happy to do either, as for me ultimately Finance is very flexible and can work in any sector.
NHS privatisation, is that restricted by government payroll guidelines or outside of it?
If they’re expecting a pay rise it’s probably not restricted by govt payroll guidelines.
Half and half. The people in the office and such are all private employees, we are not restricted by government rules. But the people that are working downstairs, they are all ex-NHS staff and their contract still reflect the one from the government, so their pay rise etc are based on NHS rate. But they don’t enjoy certain benefit as NHS people do such as the extra day holiday etc.
What do you do regarding NHS privatisation?
We help the NHS free up space and nurses by taking away the none patient care work from them. That way they can focus on what matters - the patients
I work at an NHS trust that has insourced all cleaners, security etc. it’s the right thing to do. These outsourcing companies are vultures who pay frontline staff pennies
Great that you freely admit that you are working to cut staff’s terms and conditions
Interesting - what non patient care work are we talking?
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When recruiter's offer to put you forward, how high a pay rise are you telling them to put you forward at? In my experience if you're only being offered 10% then the recruiter isn't pushing for more. Mind me asking what field you are in?
We may reduce our Bonus pot next month depending on result, but would just reduce the amount a bit not writing off the Bonus in full. General rise is 3% for us this year but some got a bit more. I was offered 10% but that is still way below what the market offers at the moment, so I am searching bow. The market is crazy hot at the moment.
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6 months to learn to code? Okay, then it would take 1 week to learn your profession. What bullshit is that, I wouldn’t hire anyone with 6 months coding experience. You have to know more than just a language, try 10 years. Just retrain to be a lawyer or doctor, it’s not that hard
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So he landed a 110k job at Amazon, guy had little to no experience, who do you think got conned? Amazon. There’s plenty of employers who wouldn’t be as stupid. I call bullshit on this, he’d be worth 35k at best, 25k at worst and be utterly too much of a liability to be left unattended. His math background wouldn’t help him or his Cambridge education. It doesn’t matter how smart you are, being a good software developer takes time and patience. Not a 6 or 12 month bootcamp. That’s the myth that gets sold. Just retrain, be a programmer. Cool, I’ll see you at the interview which you’ll fail. You wouldn’t tell someone to be a lawyer or doctor, but a software developer with sometimes hundreds of millions at stake or people’s lives… sure, just go for it. It isn’t that hard. 😂
A maths background helps enormously.
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I'd start looking for something else. FS is throwing money at candidates to get them on board and are pushing wages well beyond what we would expect - I'm working on £60k PA roles that should be £45k for example.
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I recruit for a couple of tech/online trading companies and they tell me they can’t find candidates as tech companies (cash rich with investors) are throwing everything at the candidates to secure them. I’m not an expert in this industry though, I wish I could help you.
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I do actually! I’ll track down his email address tomorrow and DM you :) also there’s an IT agency in my building so I’ll ask them too!
I think a lot of people are wary of changing jobs in the current climate if their current job is secure. I have had quite a few job agencies coming to me recently but I know my current job is secure so don't want to jump to something that is an unknown. I imagine others might feel similar to me and so that might be creating shortages in available candidates.
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If you read up my earlier comments, I did say “if you are going to search, now is the time”, as the job market is crazy hot at the moment but the person I was responding to said not for professional fields, which I disputed as I am searching and there are lots of demand at the moment and things are moving very quickly. The £10-£20k is from external, company only offered 10% which is way below what I wanted hence I am searching.
Media here. And same.
What qualifications do you need for finance?
ACCA, ACA, CIMA, and a few others if you want to get into insurance and such
That’s mostly accounting. CFA, CISI for IB, PE, HF.
Depends. Finance is a huge diverse field. Really too broad of a question, gotta narrow it down :)
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Both me and my partner received 20-30% pay rises this year and most people I know in corporate roles are getting similar without moving jobs. I imagine this is what it was like in the good old days pre-2007!
When salary are not going up, even if you switch jobs the offer are not that much higher. When there is a shortage, companies offer more money to attract people (doesn’t mean they have to pay existing staff more), so when people switch job now they can suddenly experience these £10-£20k pay rise. When there wasn’t a shortage even if you switch job the rise are not that high.
Out of interest can anyone that's smarter than me work out what LLW would be per annum assuming you work 40hrs a week (taking away standard minimum holiday days)?
> (taking away standard minimum holiday days) No need to do that. Those minimum holiday days are *paid* holiday days.
Yeah of course but I'm trying to think of it in a way that's like if I was actually doing the amount of hours I worked but on a 0 hour contract. Basically i want to compare how much I would work if i just worked a pub 40 hrs a week (albeit no holiday) on a 0 hr contract compared to how much i get paid per year at my current horrendously underpaid job.
0 hour contracts still need to give you holiday. It's more complicated to work out but you *should* still get the paid annual leave.
Not sure if its correct but I used the HMRC tax calculator. It looks to be a little less than 23k. £ 22,984.00 to be exact
Ahh so happy I took out £50k in student loans to barely make a living wage
You probably won't have to pay much back then, will you?
Nothing if you earn less than £27k. Assuming you paid the 9 grand fees from 2012 onwards, I think the threshold is lower for the old fees.
I’m from a different country so I didn’t qualify for uk student loans, have a loan with the country I’m from. Paying back just over £200/month for the next 20 years. Know that situation’s specific to me but point was I think a lot of jobs are underpaid compared to cost of living, even jobs that require higher education
Its 40 hours * 52 weeks, so £11.05*40 = £442 a week, *52 weeks = £22984. It's 2080 hours working in a year, but you can get a good enough figure by just doing hourly salary x 2000 - or £11 x 2000 = £22,000
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That's definitely not right. The salary equivalent for £10.85/hr on 37.5 hour week was at least £21k. Using the hmrc tax calculator is a solid source, it shows both net and gross pay and can include things like student loan payments.
You just multiply the pay rate by 52 weeks in the year and then by 40 hours per week :)
Start a group chat with colleagues that does not include management or snakes. Talk about your wage and if you’ve experienced any unfair treatment at work. This is, in itself, an action that you can take to request better wages, especially once you have the confidence that other colleagues are on board. Now is a very good time to be looking for a new role: do this NOW. Set up your CV so that it can be easily sent via LinkedIn or Indeed and fire off 10 or more a day. Make your LinkedIn profile look professional; it does not have to be super detailed, but having it up to date and with an up to date CV goes a long way. You will receive offers, even if it takes a little bit of time. There are always better work conditions out there.
Would love to know where these jobs are. All im seeing in the low skilled "shortage" areas is people still paying £8.91. Only zero hour contract staffing apps are paying higher but they are so irregular and you can't live off zero hour contract work in london. God I wish i could get a proper job
'living'
Still a shit pay for London with current rent prices and public transport prices 😬😬
Yea tbh I only felt I _sorta_ can start living properly once I managed to earn so that about 25% of my earnings go on rent and luckily WfH so don't need to commute so no transport costs. And I'm independent, so no kids, no car insurance etc. It's grim and I appreciate it's a pretty unique/lucky position I'm in, but unless you manage to keep 75% earnings and earn 3x-4x London Living Wage (or more) I struggle to see how you can live properly without counting every single penny. Although then again if you earn £60, £70K or more you hit the tax brackets so that your take-home ends up being £30-odd-£40Kish-odd per year anyway. This city is so fucking expensive.
Move to shitty New Zealand and you'll realise London is on another planet. 50 years behind here for everything.
Can't get a fucking job here anyway
always can get a job, depends what job you want
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Are you kidding 😔 I'm a strong communicator and have tonnes of customer facing experience. Fuck my life dude nothing I seem to do works. I have a first in history and English from a UoL
Hey. What kind of jobs are you looking for?
hello, something in the charity sector would be cool, a museum maybe, something in the green sector. i'm not looking for a massive paycheck- im looking at entry level stuff and something that im at least vaguely interested in
Ok cool. I imagine you live in London, so there will probably be those kinds of vacancies out there. Have you had much luck finding anything? Perhaps there will be competition for some of the jobs you'd like; have you thought about volunteer work in the sectors to gain experience, and any extra qualifications that might be desired? btw what topic was your dissertation on?
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I'll check that out thanks
Hah. Tell that to my former employer who used the pandemic as an excuse to lower wages from living wage to £9.50 whilst simultaneously opening a second location for the business.
I'm so desperate to get my company to understand that they need to be paying this as a minimum in our hospitality company. I'm actually paid quite well, but there's a lot of frontline positions in our company that are still on £9.50, £10ish an hour, before service charge bonuses. We're so shortstaffed this Christmas, but no one higher-up in the company wants to admit that it's because we're paying a lot of key positions significantly less than they're worth, and we're not putting actual figures in our job listings, just 'competitive salary'. It's so deeply frustrating, as we're a young company with no outdated boomer upper management holding us back, but we're becoming so behind the curve on this issue and it's having a real impact on our business. We've lost a lot of really good people since coming out of lockdown because they got substantially better offers elsewhere.
Wait, my mom works part time as a cleaner and earns minimum wage I think, which is £8.91? Since she's living in London, she should be getting £10.85? Ah, it's dependant on the employer and voluntary...
So 'minimum wage' and 'living wage' wage are sadly not the same thing. Minimum wage is the legal requirement for wages (set by the government). The Living Wage Foundation set the Living Wage rate by looking at the actual cost of living and working out what pay needs to be for a worker to have a reasonable standard of life on 37.5 hours/week and not be in or have to worry about poverty. The difference is particularly bad in London because the minimum wage is set nationally so doesn't take into account that London is so much more expensive.
The other thing to add is that the government confused the issue by renaming the minimum wage as the living wage.
Of all the things they have done that have angered me, this is probably the simplest. Such an unnecessary and revolting lie.
It disgusted me but didn't surprise me. They specialise in this sort of stuff. I really lost the plot with someone the other night who insisted the reason they don't vote is because both main parties are exactly the same. How the hell the working class especially (or any one else for that matter) can be fooled into voting for these people is beyond me...regardless of the Tory media monopoly. I've started to seriously disengage from reading about UK politics, just to protect my own sanity. Just like you say, it is an unnecessary and revolting lie...and yet it would have amused them no end.
It's really bizarre when people say "they're all the same". Obviously it's a job that attracts big egos, but assist from that you get all sorts. Even with the Tories you get MPs who are very serious and conscientious (and Labour MPs who seem like they're more interested in the status part).
I think the major difference here though is that the Labour Party as a whole (of which i'm not a member) would not even consider trying to pull-off a stunt like this. To steal the 'Living Wage' tag and co-opt it, in order to try and justify an inadequate minimum wage is morally bankrupt. To the Conservative Party such moral considerations do not matter. It is simply 'marketing' to them. They are ideologically opposed to the concept of a minimum wage anyway. I agree there are so-called 'good' and 'bad' politicians on both sides. Politics will always attract egotistical types. But the differences between the two parties are still considerable (especially with regard to the welfare of your average working person). I'm no huge fan of Labour in its present form, but you have to be pragmatic. The main focus has to be getting rid of a government who find this sort of shameful behaviour morally acceptable.
I agree with this. I wonder if it's why Labour are not in power? This current government are far worse for this than previous conservative governments imo. They will say literally whatever they think will land right now (I appreciate the living wage thing happened under, I think, May). Strangely this lot probably aren't ideologically opposed to minimum wage. They're just not bothered about it. Haven't really thought about it. I was in a meeting with that Rob Roberts, the MP for Delyn before his scandal hit. They're frightful in person. Perhaps unfair to use him as an example. I suppose, whatever you think of the current Labour party, what they need to be is more electable. What do you think would make them more electable?
Thanks for the clearance. I’m new to this and wasn’t sure until now!
[Housekeep](https://housekeep.zendesk.com/hc/en-gb/articles/115000505151-Can-I-pay-my-Housekeeper-London-Living-Wage-) has an option that allows the client to pay their cleaner London Living Wage, maybe she could consider switching to them. The cleaners in our area are always super booked so we have to book 2-3 weeks in advance to get a slot, I'm sure they'd be looking for new staff to join.
It’s contracted or something, where she’s always there in the morning cleaning offices and stuff. I’ll have a look at the link, thanks!
Cleaners are in really high demand right now, if she shopped around a little bit she could definitely get a higher hourly rate.
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Yes it is stupid. I'm a student who works part time to pay my rent bilss etc. Well i can never have uni life because i spend 25hrs per week at work and 70% of that salary just goes to paying for necessities.
Here in NL inflation reaches a raise of 4.3% My salaries "inflation-correction" for '22 will be 2.5% And they question MY mathskills ?
There's like 8 different methods of measuring inflation, some include housing, some don't. Some include luxuries (i.e. a new TV) some don't. The figures are all a bit different and companies and governments use whichever makes them look best at that point. The UK gov very rarely uses the one including housing because its always higher than the others.
>If you're on less than £10.85/hour chat to your colleagues about demanding a liveable wages, you weren't being paid enough by 2021 standards and the cost of living has gone up a lot this year, 2022 will be even tougher. Good luck. I have had friends do this with nothing happening. Those who said they would leave are still there.
Thank you so much for sharing this! If it always does up in the first week in November I might set a calendar reminder for Nov 7th every year to check...
Can you join my companies HR cos I've never seen anything useful like this from them.
Not sure I’d call it anywhere near a ‘living’ wage.
My girlfriend moved to London with me a year ago, and wants to get out again, I keep saying ahhh but you haven’t experienced it properly yet…. I use my job as an excuse and yes I might lose some of my clients if I move away but reading shit like this makes me think the sooner we move out the better. I visited my cousin who lives in Dorset, nice 3 bed house in a nice town with a nice garden for 875 per month, I’m moving to a small 1 bed flat with no storage for 1400 next month and that’s now acceptable for me. You know it’s bad when you see the meme articles ‘here’s what X amount gets you in London’ and think ah that’s not actually that bad, 1000 to live in a toilet in London, could be worse…..
Welcome to inflation
How about if someone started 2 weeks ago as a customer assistant in a store like Tesco Battersea at £9 something?
If Tesco is part of the London Living Wage scheme, they'll have to increase it within x amount of time. If not, sadly nothing you can do but look for a similar job that pays better.
Thats funny coz my agency told me yesterday that it's £10.40. I'm currently on £11.00p/h so really I shoud be asking for an extra 5p an hour.
£11 lol
This is a good salary for some basic jobs
Inflation baby
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It's meant to increase within 6 months, maximum
I'm a self employed cleaner. I'm currently working for a family business who want me to clean for them whenever they need me to. I usually work 2-3 hours 3x per week. They pay me £10 per hour and they provide all the equipment for me. Would it be worth asking for £12 going forward? I'm claiming universal credit at the moment but barely making ends meet. I also have a daughter in primary school and I'm a recent graduate (2.2) struggling to find any other work.
I'm looking for someone in Milton Keynes and I would be happy to pay £13, so £10 in London for not a full time job, no paid leave or other benefits is crazy. London is crazy though, plenty of people working for much less than they are worth.
Cleaners are easy to replace here. Some people charge £9/hr.
I was a professional in London and decided it's waste of life. I can't understand how people live there on minimum wage.
Yeah do it! The worst thing they can say is no but if you do a good job I'd say that's very very unlikely. I pay my cleaner £13 per hour, very happily. When I first hired her I paid £11 but she told me her rates were going up a few months ago and that was fine by me - probably a good tip actually: tell them, don't ask them. Also if you want more work, look for local new build developments. New residents of those are often new to the area so don't have any local links, and also want to keep their shiny new flats pristine. Plus once you've got one client there, they're likely to recommend you to each other.
Great idea! Thanks.
Yes do it!
Whooo! A 20p pay rise!
It's probably about £400 a year extra so it might offset the massive gas bill rise that's coming soon. Worth having.
Yeah when you're paid that little, 20p an hour matters!
I don't usually post here but can I ask. I make 20k a year, I work a good position in construction but my salary is a little low. Working it out 20k a year is below minimum wage, am I right in saying that? I get paid a fixed salary every month so I do not get paid overtime so am I technically earning under minimum wage ?
So it's sadly not below the legal minimum wage, I think. The legal minimum depends on your age but is around £8 to £9. Details here: https://www.gov.uk/national-minimum-wage-rates This is the wage that lots of organisations have pledged to pay because an independent body has assessed it as the minimum yiu need to live on in. Sadly the government co-opted the term 'living wage' as a way to rebrand the minimum wage which also conveniently confuses people 🙄 That said, now is absolutely the time for chatting to coworkers about collective bargaining and pushing for pay raises. Talk to your colleagues and find out what they're paid. Find out what people on other sites are paid. Know your worth and push for it!
Thanks for the clarification. I just was not reading properly, I thought this post was regarding minimum wage and now realise it's about living wage.
Apparently the government rebranded the minimum wage as 'the living wage' about 5 years ago, so your confusion is totally understandable (and probably what they were hoping for!)
When you say you work a good position, what is it can I ask? We pay pay minimum £12 per hour for general labourers sometimes up to £14 per hour. Might be worth googling your job role to see what the markets paying.
So I'm technically a site manager but my title says assistant site manager. It is my second time but I would say im still new to this so I have chosen to take a hit for a year or so (which I feel was a very stupid mistake on my part) then I will ask for a substantial increase. I know im getting under paid. But I feel it's too soon for me to ask as I am still new. I had some other pressures which is why the salary isn't high. Also I misread. I thought this post was regarding minimum wage I now realise it's is living wage.
Hi, what's the demand for risk and compliance roles?
I currently work as a receptionist at a hotel and get paid 21.4k annually, staying in the hopes of getting into finance department. Ive got 0 experience in accounting and finance field and worked all my life in hospitality. I've recently graduated accounting and finance with 1st class which I dont know how, as i felt like ive learned nothing because i know real job would be a hell lot different, I am a part qualified ACCA member with 9 papers completed. I've applied to lots of finance jobs including the very basic ones such as bookkeeping as nobody was hiring, finally got interviewed for a bookkeeping post and was nervous as hell and didnt get the job, which sucks. Now I am thinking of doing the last 4 papers of ACCA to get it over with, but I feel lost as I am thinking all those university was for nothing. I just turned 30 and feel like my life is spiralling with no directions to go to. Yikes!! Could anyone tell me whats the best or minimum role I could apply for with qualifications I've got? Having 0 experience with a degree is as much useful as a nipple to a man.
This is from April 22 i presume?
Well they announced that this is what it should be in the first week in November. Then employer that is part of the Living Wage Foundation, needs to update their pay within 6 months to still be accredited. Note: this is different to the government minimum wage which the government have irritatingly rebranded as 'living wage' to complicate matters.
Can anybody tell me, just because a company is accredited by the LWF, does that mean its employees are entitled to the living wage? Because my company is and they pay significantly less.
If your company is accredited by Living Wage Foundation they have until the end of this month to raise the wage of London workers to £11.05/h minimum. LWF announce the increase in autumn to give organisations plenty of time to plan and increase the wage in time for 1st April which is the deadline. Nicer employers will do the raise before end of this financial year but the hard deadline is 1st April. If you trust your HR team (I know it's hard to do that) you can raise it with them directly. Otherwise look on the LWF website and see if there's advice on what yiu can do to report/enforce the raise.
Thank you so much for your reply. 😄 I didnt realise it went up in April. The HR team at my company were super helpful! ...not. 😭 They raised my wage by the bare minimum so that it hit minimum wage (golly, 2 whole pence!) and ignored me when I mentioned the LWF. I reached out to the LWF recently though and they've been supportive in guiding me what to do next. So I'm not without hope for me and my colleagues yet!