Salaries not keeping up with inflation and cost of living - survey

Some roles – such as engineering and technical directors and quality inspectors – have seen  increases of 11 per cent and 8.6 per cent respectively, but Reed’s analysis shows an average advertised salary growth of 3.3 per cent compared to the average national salary increase of six per cent

Salaries in engineering and manufacturing are still substantially more than the national average, with engineering and manufacturing roles paying an average of £50,800, compared to the UK-wide equivalent of £38,900. 

CLICK HERE TO READ THE ENGINEER’S 2024 SALARY SURVEY

Despite this, nearly a quarter (22 per cent) of the industry’s workers are still unhappy with their salaries, according to Reed’s survey. And 60 per cent of those who are unhappy with their salary say it is because they do not feel that it has risen in line with cost of living.

As part of Reed’s annual salary guides, it analysed over 21 million job adverts and asked 5,000 UK workers a range of questions on their salary and benefits – both current and expected.