Compensation Archives

Gender pay gap UK: what it looks like and what companies can do about it

by Simon Goodall | Sep 28, 2021 | Compensation, Diversity, Startup

In short: The gender pay gap in the UK stands at 15% – though it is much higher for startups & scaleups (25%). The two main drivers of the gap are (1) a skew in seniority levels (men tend to be in more senior positions than women) and (2) a skew in terms of...

Startup compensation, holidays & remote working: 5 insights from our benchmarking

by Payspective team | Sep 17, 2021 | Compensation, Diversity, Startup

In short: (1) A UK startup CEO typically has a lower salary than their COO. (2) Stock options are a key part of startup compensation and are commonly awarded to employees at all seniority levels. (3) >70% of UK startups have a 25 day holiday allowance while 8% of...

What you didn’t know about Covid-19 & the labour market – 3 astonishing but unsurprising facts

by Payspective team | Mar 31, 2021 | Compensation, Covid-19

In short: The diference between the salary which candidates for a position expect and the salary that employers offer has decreased by >1/3 in 2020, pointing to a shift in the labour market power balance in favour of employers. Meanwhile, half of all professional...

Working hours UK & average hourly wage UK

by Payspective team | Feb 15, 2021 | Compensation, Satisfaction, Working conditions

In short: The average number of weekly working hours in the UK is 41.8, which is somewhat normal in international comparison. Job satisfaction is unaffected by working up to 60 hours a week but takes a big hit beyond that. Meanwhile, the average hourly wage in the UK...

Average salary UK – a comprehensive overview

by Payspective team | Feb 3, 2021 | Compensation

In short: The median UK salary is £31,461 and the mean UK salary is £36,834 per year. These numbers change significantly when you look at differences between industries, educational backgrounds, age, gender or regional differences. For all of this detail and more,...

Why Payspective?

by Payspective team | Feb 3, 2021 | About Payspective, Compensation, Progression, Satisfaction, Working conditions

In short: Because knowledge about compensation, satisfaction and working conditions is a key contributor to a fulfilled working life, which we believe everybody has a right to. Our mission is to help you answer questions like How much should I be paid? Would I be...

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