Salaries have been largely affected by COVID-19, but some industries and jobs more so than others, and with this many are reviewing if their pay packet matches their profession. With research conducted by job website Glassdoor and the Office for National Statistics (ONS), cloud payroll software specialists Staffology has highlighted what the impact was on the job market, and who benefited from it.
Cooks: being a vital part of the most heavily impacted industry during COVID-19 has seen cooks bring in an average of £16,964.
Launderers, dry cleaners and pressers: likely a secondary effect of the pandemic, the small amounts of foot traffic to these businesses have seen salaries decrease to £17,145.
Educational support assistants: like playworkers, these jobs play an important part in a child’s development, but as learning turned remote, their usefulness seemed short-lived and pay packets sat at £17,212.
Hairdressers and barbers: COVID-19 saw many businesses that were once a part of daily life be forgotten, and although many found themselves becoming at-home hairdressers thanks to YouTube tutorials, this industry has been hard hit with an average salary barely above educational support assistants at £17,223.
Staffology also noted that textiles, clothing and online sales saw a surge in both sales and salaries, with a 4.66 percent rise in weekly income and online purchases representing 28.5 percent of sales in October 2020, an eight percent rise from February.
According to Glassdoor, the highest paying jobs in the UK in 2021 are:
Enterprise architect: directing a company’s IT infrastructure and operations is currently the most lucrative position in the UK, offering an average of £71,400 per year.
Risk manager: a specified role that requires great organisation skills to mitigate any and all risks for a business, risk managers see an average salary of £68,600.
Enterprise account manager: unlike normal account managers, this role usually only has a very small portfolio of some of the largest accounts which can include household names. Additionally, a single contract could be worth millions so while there is incredible pressure, there is also the attractive £65,800 salary.
Technical programme manager: this multi-tasking role requires superb industry knowledge and helps to create strategic programmes for the business, a much-needed input during the pandemic which fetched these workers £65,800.
Investment banking associate: developing scenarios for what future acquisitions will turn into requires a fair amount of business analysis but this insight can be priceless for big businesses looking to get bigger. Their necessity earns associates £65,000 per year.
Caine Bird, expert technical payroll writer commented: “COVID-19 has had a significant impact on the world in multiple respects, however our analysis of the most recent Government data highlights how it impacted salaries on a sliding scale.
“Despite reduced salaries over the past year, the industries that were hit the hardest by the pandemic – the arts, retail, and hospitality – have all experienced a growth in their weekly salaries during 2021, which is great to see.”
He added: “In fact, the arts were the second fastest growing industry in salary from 2020 to 2021, increasing by 11 percent.
“Comparing the average weekly salaries of the last ten years and 2021 alone, the industries that have grown the most are education, financial & insurance activities, and administrative and support service activities.
“Conversely, the three industries with the lowest growth rates are mining and quarrying, accommodation and food service activities, and transport and storage, all having grown less than seven percent across the decade.”