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How much does my salary worth in the public sector compare to the private sector?
Comments
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Local government salaries have in effect been frozen for the last 9 years, the only exception being the lowest earners. Private sector wages for most people have also not risen. The UK Government as part of its austerity drive has seen to this.0
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You've inadvertently raised an interesting point about holiday days. I will start another thread. I do get your question though - v hard to quantify but probably £22-25k depending on how much money you would pay into a private pension yourself.0
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RichardD1970 wrote: »:eek:
I didn't realise how lucky I am.
I'm an unskilled factory worker (earning almost double the OP) and we have:-
a company pension with employer contribution 8%, employee's contribution min 4%. Which includes a "death in service" benefit of 3.5 x basic annual salary.
up to 2 years full sick pay.
33 days holiday with 1 extra after 5 years going up to 5 extra in total.
There are still many people around who seem to think that working in the public sector is like winning the golden ticket at Willy Wonka's Chocolate Factory!
That may have been the case 20 years ago, but hasn't been for at least the last 10 years. Minimal payrises for the lowest paid, and no rises for several years for staff earning over £21k. 25 days holiday as a start point, and it doesn't increase for many years.0 -
Also remember that in a new job, you can be dismissed for any reason within the first 2 years. So security of employment is also a consideration.
But it depends if you want a new challenge.
Flexi time does exist in the private sector, but more and more it is expected to work the hours needed to get the job done.
But all firms are different with varying cultures.0 -
I am not saying the private sector are currently paying more.
My question is if I were to trying to find another job with same job title, same hours, same distant, how much should I go for without the benefit of working for the public sector.
Have a look at one of the job search sites this will give an idea of whats available.0
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