Amid the growing Cost of Living crisis in the UK, a recent survey by admin recruitment agency Oriel Partners has revealed that 1 in 3 Brits are considering moving to higher paying jobs. The survey of 1,000 adults identified the most pressing concerns around the Cost of Living, with 76% of respondents affected by it.
The results showed that 58% are cutting down on gas and electricity use due to affordability concerns, while 27% are “very worried” and 52% have “some concerns” about the crisis. Furthermore, 26% reported using savings for bills and 15% selling valuables or unneeded items just to reduce their spending.
The highest impact was found amongst 25-39 year olds (81%), while 27% are considering changing jobs in order to improve financial stability. This is especially true for Londoners (35%) and those aged 25-39 (9%).
In another study by storage specialists, Storage X, a quarter of UK-based adults have seen an increase in their monthly mortgage and rent payments due to the Cost of Living crisis, with 12% of Londoners forced to consider moving home in response to rising costs.
Commenting on the findings, Olivia Coughtrie from Oriel Partners said: “It is clear from our research that people in Britain are feeling the pressure from rising costs and many have had to make drastic changes including selling possessions, switching jobs or even moving homes.” She continued: “It is concerning that so many feel they need to switch jobs just to cope with living costs – this should be a warning sign for employers who need to ensure salaries can meet basic needs”.
As Brits struggle to keep up with the increasing Cost of Living crisis, many are being forced into taking drastic measures just to stay afloat financially. Employers must ensure they offer competitive wages in order for their employees not only survive but also thrive in today’s economy.
Oriel Partners also conducted a separate survey on their pool of candidates to determine the average salaries for admin roles. Here are the results:
Oriel Partners Reveals The Highest Paying Admin Roles
The role of a receptionist is to welcome clients, handle telephone calls and emails, and perform other basic administrative tasks. Receptionists are typically the first point of contact for visitors, and thus are required to have excellent communication and customer service skills.
- Average Salary: £28,200
- Salary Range: £25,000 to £35,000
A Team Assistant is responsible for providing support to a group of people, whether it be an entire department or a smaller team. This role typically involves a wide range of administrative duties, such as scheduling meetings, managing calendars, and handling correspondence.
- Average Salary: £31,000
- Salary Range: £28,000 to £48,000
The role of an Office Manager can vary depending on the size and structure of the company, but generally involves overseeing the day-to-day operations of the office. Responsibilities may include managing staff, handling finances, and ensuring that office policies and procedures are being followed.
- Average Salary: £46,000
- Salary Range: £28,000 to £90,000
A Personal Assistant (PA) is responsible for providing support to an individual or a small group of people, typically in a higher-level role such as a CEO or executive. This role can involve a wide range of tasks, from managing the person’s calendar and travel arrangements to handling confidential information.
- Average Salary: £48,300
- Salary Range: £30,000 to £80,000
As the name suggests, a Virtual Assistant is an administrative professional who works remotely from their employer. This role typically involves many of the same duties as a traditional PA or admin assistant, but with the added flexibility of being able to work from anywhere.
- Average Salary: £50,000
- Salary Range: £30,000 to £60,000
An Executive Assistant (EA) is similar to a PA, but typically supports a higher-level executive such as a CEO or COO. This role often involves more complex tasks, such as preparing reports and presentations, managing projects, and overseeing other administrative staff.
- Average Salary: £56,000
- Salary Range: £38,000 to £120,000
A Private PA is similar to a traditional PA, but supports an individual or family rather than a business. This role can involve a wide range of tasks, from handling personal finances to arranging travel and accommodations.
- Average Salary: £72,000
- Salary Range: £30,000 to £135,000
Chief of Staff
The Chief of Staff (CoS) is a high-level administrative role that involves overseeing the operations of an entire organisation. This can include managing staff, coordinating with other executives, and handling confidential information.
- Average Salary: £95,000
- Salary Range: £85,000 to £140,000
It’s clear from the salary survey results that administrative professionals can command high salaries, especially in more senior roles such as Executive Assistant or Chief of Staff. However, it’s important to note that salaries can vary widely depending on factors such as experience, location, and industry.
In addition to higher salaries, many companies are now also offering their administrative staff more attractive benefits such as flexible working arrangements, training and development opportunities, and even opportunities for career advancement. This is a positive sign that companies are recognising the value of their administrative teams and investing in their future.
If you’re an administrative professional looking for a new role or seeking to negotiate a higher salary, don’t hesitate to reach out to the team at Oriel Partners. They can help match you with top employers seeking talented and experienced administrative staff.