Ryan FowlerCiphr, a provider of HR and payroll software, has highlighted the top 10 UK jobs that have experienced notable wage growth over the past two years, outstripping the inflation rate and offering a silver lining in the ongoing cost of living crisis.
From April 2021 to April 2023, the UK grappled with an average annual inflation rate of 7.8%, culminating in a total rise of 16.2%. This increase overshadowed the wage growth in most occupations, placing considerable financial stress on many UK workers. Despite this, Ciphr’s analysis, based on data from the Office for National Statistics (ONS), reveals that 26% of full-time roles saw earnings growth surpassing this inflation figure, with some positions enjoying increases of over 30%.
Only 26% exceeded the inflation rate
Publicans and managers of licensed premises led the charge with a 38% increase in median pay, followed closely by vehicle and metal goods assemblers, senior officers in fire, ambulance, and prison services, and web design professionals, all witnessing substantial wage hikes of 36%, 34%, and 31% respectively. These remarkable increases stand in stark contrast to the average 11.8% rise seen by the typical full-time UK worker during the same timeframe.
Which roles saw wages rise above inflation?
Surprisingly, many of the roles with above-inflation wage increases are traditionally lower-paid positions such as bar staff, waiters, web designers, and chefs, showcasing significant pay growth against the backdrop of economic uncertainty.
However, the realities of high inflation and increased living costs continue to challenge workers, with many seeing their wage gains diminished by rising expenses. Additionally, certain professions like clinical psychologists, cyber security experts, and legal professionals have seen salary increases that lag behind inflation, further straining the finances of those employed in these fields.
