UK Salary and Engagement Guide
Engagement and Pay: How strong is the link?
In theory, workers are paid a rate according to the value that they create for the organisation. However, we know that simply paying people more does not increase productivity indefinitely, nor does it guarantee increased engagement and retention.
Money is important, but it is not the only reason we turn up to work each day. It remains the key driver for attracting and retaining talent, but it is far from the best solution to engagement and retention issues. In fact, across the European region, our survey of more than 66,000 workers shows that work/life balance and career development issues rank high on employees’ lists too.
It is important to keep the numbers below in mind when we look at pay trends across the UK. If we step back and take another look at how salaries really motivate and retain workers, we may just come up with a better solution for rewarding talent (and a happier workforce too).
The Top 4 Factors that Attract Talent
The 2014/2015 UK Salary and Engagement guide explores the reliance on pay above rewards for senior employees, the variation in pay in lower-skilled sectors, the geographical benchmarks on salary and the skills that lead to higher pay. It also showcases average salary across the country in:
- Accountancy and Finance
- Call and Contact Centre
- Professional Business Support
- Sales and Marketing
- Technical and Industrial
Download a full copy of the 2014/2015 UK Salary and Engagement Guide