Minimum wage will be more than my current salary. Should I find a new role?
Hi,
I’m currently working as an assistant accountant, making £25k a year, almost 2 years out of university with an accounting degree.
With the April minimum wage increase, my salary will be lower than the new minimum wage, which of course they will have to increase to at least that, which is about £400 a year.
The company I work for is a FTSE 100 retailer, which isn’t known for having great benefits, or giving large pay increases.
I like the job and the team I work with, but I know that if they don’t provide the kind of increase I’m expecting/hoping for, I will feel insulted and lose all motivation to give them my best. For the record, I’m hoping for at least £28k.
Would this be a good time to start looking for a new job to find a higher salary, or would it be worth waiting until at least April to see what kind of increase they give? Has anyone been in a similar situation before and if so, how did you handle it? What kind of jobs could I potentially apply for with my experience?
I’m currently working as an assistant accountant, making £25k a year, almost 2 years out of university with an accounting degree.
With the April minimum wage increase, my salary will be lower than the new minimum wage, which of course they will have to increase to at least that, which is about £400 a year.
The company I work for is a FTSE 100 retailer, which isn’t known for having great benefits, or giving large pay increases.
I like the job and the team I work with, but I know that if they don’t provide the kind of increase I’m expecting/hoping for, I will feel insulted and lose all motivation to give them my best. For the record, I’m hoping for at least £28k.
Would this be a good time to start looking for a new job to find a higher salary, or would it be worth waiting until at least April to see what kind of increase they give? Has anyone been in a similar situation before and if so, how did you handle it? What kind of jobs could I potentially apply for with my experience?
Original post
by FauxHydon1Hi,
I’m currently working as an assistant accountant, making £25k a year, almost 2 years out of university with an accounting degree.
With the April minimum wage increase, my salary will be lower than the new minimum wage, which of course they will have to increase to at least that, which is about £400 a year.
The company I work for is a FTSE 100 retailer, which isn’t known for having great benefits, or giving large pay increases.
I like the job and the team I work with, but I know that if they don’t provide the kind of increase I’m expecting/hoping for, I will feel insulted and lose all motivation to give them my best. For the record, I’m hoping for at least £28k.
Would this be a good time to start looking for a new job to find a higher salary, or would it be worth waiting until at least April to see what kind of increase they give? Has anyone been in a similar situation before and if so, how did you handle it? What kind of jobs could I potentially apply for with my experience?
I’m currently working as an assistant accountant, making £25k a year, almost 2 years out of university with an accounting degree.
With the April minimum wage increase, my salary will be lower than the new minimum wage, which of course they will have to increase to at least that, which is about £400 a year.
The company I work for is a FTSE 100 retailer, which isn’t known for having great benefits, or giving large pay increases.
I like the job and the team I work with, but I know that if they don’t provide the kind of increase I’m expecting/hoping for, I will feel insulted and lose all motivation to give them my best. For the record, I’m hoping for at least £28k.
Would this be a good time to start looking for a new job to find a higher salary, or would it be worth waiting until at least April to see what kind of increase they give? Has anyone been in a similar situation before and if so, how did you handle it? What kind of jobs could I potentially apply for with my experience?
Given the job market atm, it wouldn't be a bad idea to start looking now. If they keep you happy, then you can just stop looking.
Original post
by FauxHydon1Hi,
I’m currently working as an assistant accountant, making £25k a year, almost 2 years out of university with an accounting degree.
With the April minimum wage increase, my salary will be lower than the new minimum wage, which of course they will have to increase to at least that, which is about £400 a year.
The company I work for is a FTSE 100 retailer, which isn’t known for having great benefits, or giving large pay increases.
I like the job and the team I work with, but I know that if they don’t provide the kind of increase I’m expecting/hoping for, I will feel insulted and lose all motivation to give them my best. For the record, I’m hoping for at least £28k.
Would this be a good time to start looking for a new job to find a higher salary, or would it be worth waiting until at least April to see what kind of increase they give? Has anyone been in a similar situation before and if so, how did you handle it? What kind of jobs could I potentially apply for with my experience?
I’m currently working as an assistant accountant, making £25k a year, almost 2 years out of university with an accounting degree.
With the April minimum wage increase, my salary will be lower than the new minimum wage, which of course they will have to increase to at least that, which is about £400 a year.
The company I work for is a FTSE 100 retailer, which isn’t known for having great benefits, or giving large pay increases.
I like the job and the team I work with, but I know that if they don’t provide the kind of increase I’m expecting/hoping for, I will feel insulted and lose all motivation to give them my best. For the record, I’m hoping for at least £28k.
Would this be a good time to start looking for a new job to find a higher salary, or would it be worth waiting until at least April to see what kind of increase they give? Has anyone been in a similar situation before and if so, how did you handle it? What kind of jobs could I potentially apply for with my experience?
You can start looking now. No harm in looking.
Obviously your current job will have to give you a raise in line with minimum wage. Only you know what sort of raise they will realistically give.
If the jobs you look at are paying considerably more than what you are getting paid, then id go for them sooner rather than later.
Reply 3
20
How many hours are you working a week that you'll be on less than the minimum wage per hour in April?
What have you achieved so far in your 2 years in the job that you are expecting a 12% increase on your salary?
Is it really all about the money and not the working conditions; you could move somewhere else and be paid more, but hate the job?
What have you achieved so far in your 2 years in the job that you are expecting a 12% increase on your salary?
Is it really all about the money and not the working conditions; you could move somewhere else and be paid more, but hate the job?
Reply 4
20
How many hours are you working a week that you'll be on less than the minimum wage per hour in April?
What have you achieved so far in your 2 years in the job that you are expecting a 12% increase on your salary? Have you done some research into what is a realistic wage for your status?
Is it really all about the money and not the working conditions; you could move somewhere else and be paid more, but hate the job?
What have you achieved so far in your 2 years in the job that you are expecting a 12% increase on your salary? Have you done some research into what is a realistic wage for your status?
Is it really all about the money and not the working conditions; you could move somewhere else and be paid more, but hate the job?
Reply 5
Minimum wage for an assistant accountant? Taking the mick IMO, average salary for that role is roughly 27k-32k. I've earned better in data entry and credit control.
Reply 6
Original post
by FauxHydon1Hi,
I’m currently working as an assistant accountant, making £25k a year, almost 2 years out of university with an accounting degree.
With the April minimum wage increase, my salary will be lower than the new minimum wage, which of course they will have to increase to at least that, which is about £400 a year.
The company I work for is a FTSE 100 retailer, which isn’t known for having great benefits, or giving large pay increases.
I like the job and the team I work with, but I know that if they don’t provide the kind of increase I’m expecting/hoping for, I will feel insulted and lose all motivation to give them my best. For the record, I’m hoping for at least £28k.
Would this be a good time to start looking for a new job to find a higher salary, or would it be worth waiting until at least April to see what kind of increase they give? Has anyone been in a similar situation before and if so, how did you handle it? What kind of jobs could I potentially apply for with my experience?
I’m currently working as an assistant accountant, making £25k a year, almost 2 years out of university with an accounting degree.
With the April minimum wage increase, my salary will be lower than the new minimum wage, which of course they will have to increase to at least that, which is about £400 a year.
The company I work for is a FTSE 100 retailer, which isn’t known for having great benefits, or giving large pay increases.
I like the job and the team I work with, but I know that if they don’t provide the kind of increase I’m expecting/hoping for, I will feel insulted and lose all motivation to give them my best. For the record, I’m hoping for at least £28k.
Would this be a good time to start looking for a new job to find a higher salary, or would it be worth waiting until at least April to see what kind of increase they give? Has anyone been in a similar situation before and if so, how did you handle it? What kind of jobs could I potentially apply for with my experience?
The minimum yearly salary working 37.5hrs a week would be 23.8k, how many hours per week you working? And are you completing a prof qualification Cus then you can expect a fairly big pay rise after that’s done.
Reply 7
Original post
by Jonny098The minimum yearly salary working 37.5hrs a week would be 23.8k, how many hours per week you working? And are you completing a prof qualification Cus then you can expect a fairly big pay rise after that’s done.
Presumably 40 hours which comes to just over £25K
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