Director - Executive Search - Procurement & Supply Chain Leadership Practice at BIE Executive
5 reasons why jobs in the USA pay more than in Britain 🇺🇸🇬🇧 Ever seen how much your job would pay in the US?Some of the disparities are headspinning. But it’s more complicated than you think. Here are 5 reasons why:🎯 Market-driven wagesUS workers, particularly the top quartile, benefit from high bargaining power due to their skill set, leading to incentive-based pay structures more common in the US compared to the UK.🎯 Regional labor market variationThe US has a more diverse and regional labor market compared to Britain, allowing for significant differences in wages between different areas and industries.🎯 Higher productivityAmerican workers are generally more productive than their British counterparts, leading to higher wages due to the value they can create in an hour of work.🎯 Lower income inequality for lower-paying jobsDespite higher income inequality in the US, lower-paying jobs in Britain often see higher wages due to the rapid rise of the national living wage, particularly benefiting low-paid workers.🎯 Cost of living differencesWhile American salaries appear higher on paper, factors such as healthcare and housing costs significantly narrow the wealth gap between the two countries when adjusted for the cost of living.Thoughts?Full article in the comments.
A multi award-winning Strategic Operations, R&D, Innovation, Cost, Procurement & Supply Chain, Product, Fleet, M&A, Risk, Estate, Asset & Facilities Management professional, at K M Group, a multi award-winning business.
6mo
You definitely felt a lot better off when working for American organisations. Much higher income and more discretion about where it is spent. Wealth accumulation by individuals feels far more progressive. There's less holiday (two weeks annual leave on average), and the hustle culture is quite intense, which makes certain concentrated places feel quite 'buzzy' and energetic. This 'drive' reflects in productivity, as the collective push speeds things along (technology and people focused activity alike), whereas UK feels more relaxed and apathetic. Human skills are more commoditised in the US, but seem on the whole to be better rewarded. Medical and Dental insurance cover is absolutely essential, as both are horrendously expensive in the States, consequently often built into a remuneration package as a benefit and valued highly accordingly. Service standards are superior, and with higher incomes, the choice to pay more for better quality often comes into play. The difference in pay between USA and UK can be quite marked. A £50k job in the UK, paying say $120k in America. Returning to UK from any substantial time in the USA, is something of a culture shock and feels somewhat akin to a time warp. This can be very frustrating.
You need to remember that America has no legal minimum for holidays. Americans tend to only have 10 days of holiday compared to our 25 or so. Also employees tend to have few legal rights and can be fired immediately, without notice. Also as you mentioned you'll need to factor in for healthcare, etc., which employers often provide. They also have a minimum wage of I think $7.25 compared to our £11.00.
Health and Safety Consultant | HSE Manager | HSSE Director | HSEQ Vice President | Interim Manager | Expert Witness | NEBOSH | IOSH | IIRSM | Oil and Gas | Renewable Energy
6mo
Wages in the UK have stagnated over the last 15 or so years, where as in other countries like the US and Australia wages have continued to increase each year more or less in line with inflation.
Public Cloud | Azure hybrid | Azure Architecture | Hybrid Infrastructure
6mo
I'd rather try my hand in the US market than the socialist UK, where an individuals progress is penalised to compensate others laziness and incompetence, namely the social care and NHS etc. where you pay more than you claim (tall poppy syndrome) and progressive individuals shunned in place of old big businesses and institutes. UK is an expensive country to live in and value to cost ratio compared to the US is not comparable.
Digital Procurement Advisor to Mid-Market | 🔗 app.procurementsoftware.site | Podcaster | Blogger | Download our Tech Maps ⬇️
6mo
Not just the US. Salaries in Procurement are around 30% higher in The Netherlands and Germany, with a similar cost of living and a much better health system. Yes, taxes are a bit higher, but they don't have council tax. Overall, you're definitely better off.
Desktop Support Representative || Operating Systems || Software Installation and Imaging ➤ Expertise in installing, updating, and troubleshooting software programs and operating systems on network-attached computers.
6mo
There's another side to these higher wages, though. Even with insurance, the cost of healthcare in the US is much higher than anywhere else in the world - not to mention if you live in certain cities like San Jose, San Francisco, Los Angeles, Miami, or New York City the cost of living is incredibly skyhigh. Just because wages are higher doesn't necessarily mean you'll be better off - by the time the dust settles you might even be worse off. I'm Canadian and honestly I don't think you could pay me enough to move to the US. Wages are probably higher but you have to look at cost as well, wages are only part of the equation.
Procurement Director | FCIPS Chartered | Consulting | Transformation
6mo
Isn’t there typically low holiday allowance too and easier exit contracts for employers? It was in the past
Historically, UK wages were lower due to pension benefits, essentially deferred pay. In the US it is more down to individual choice, so they have higher pay but need to invest some for retirement
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🏆 Our #Researchoftheweek goes to Resolution Foundation for their report ‘Job done?’ which assesses the labour market since 2010 and the challenges for the next government. Key findings include: 📌 💷 Since 2010, Britain has seen an unprecedented pay squeeze. The result is that real average wages today are just £16 a week higher than in 2010📌 📉 Britain’s performance on pay growth has been comparatively poor. Had the UK matched the pay growth of Germany and the US over this period, average wages in Britain today would be £3,600 a year higher📌 📈 The UK has performed much better in employment growth. This increased from 70.3% in 2010 to a record 76.2% on the eve of the pandemic. However, a third of this growth was lost during and after the pandemic, with the employment rate at 74.3% in February-April 2024📌 Successive Conservative governments have boosted pay for the lowest earners with ambitious increases in the minimum wage. Between 2011-23, real hourly pay rose by 26% for bar staff, 24% for waiters, 20% for cleaners – compared to 1.9% at the median.🔗 Read here: https://lnkd.in/dbRCW4VcNye Cominetti Hannah Slaughter Nuffield Foundation Mike Brewer Louise Murphy James Smith Emily Fry Sophie Hale Cara Pacitti Simon Pittaway
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Did you know that UK workers expect a 3.8% pay rise over the next year? 📊 With the Robert Half Jobs Confidence Index, you can stay ahead of the latest job market trends. For more detailed insights, including regional variations, download our latest report. 🔍 Access here: https://lnkd.in/ePxsrPwA#JobSecurity #PayTrends #UKLabourMarket #Careers #Economy
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👨💼 Most British workers are employed by unproductive companies, official data shows, as dynamism in the #economy has collapsed since the #financial crisis.More than seven in 10 Britons work for employers where #productivity is below average, dealing a blow to the #Government’s bid to boost growth. The figures from the Office for National Statistics (ONS) come after Chancellor Jeremy Hunt promised a series of measures to improve growth in his Autumn Statement. Last month, he said: “If we are to raise productivity, we need to increase business investment further.“A dynamic economy depends on the energy and enterprise of people more than any diktats or decisions by ministers.”In the decade leading up to the financial crisis, output per hour worked increased by an average of 2.2pc per year. However, productivity growth has since slumped, with output per hour rising by just 0.6pc per year in the decade leading up to the pandemic. 🔗 Read the article here ⤵️
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Regional Director @ Robert Half | Bridging Talent & Opportunity | Cultivating Team Empowerment
Did you know that UK workers expect a 3.8% pay rise over the next year? 📊 With the Robert Half Jobs Confidence Index, you can stay ahead of the latest job market trends. For more detailed insights, including regional variations, download our latest report. 🔍 Access here: https://lnkd.in/e6FYX3RN#JobSecurity #PayTrends #UKLabourMarket #Careers #Economy
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Regional Director @ Robert Half | Bridging Talent & Opportunity | Cultivating Team Empowerment
Did you know that UK workers expect a 3.8% pay rise over the next year? 📊 With the Robert Half Jobs Confidence Index, you can stay ahead of the latest job market trends. For more detailed insights, including regional variations, download our latest report. 🔍 Access here: https://lnkd.in/e6FYX3RN#JobSecurity #PayTrends #UKLabourMarket #Careers #Economy
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Associate Business Director - Qualified Finance & Accounting - Midlands - 07854 535410 at Robert Half
Did you know that UK workers expect a 3.8% pay rise over the next year? With the Robert Half Jobs Confidence Index, you can stay ahead of the latest job market trends. For more detailed insights, including regional variations, check out our latest report: https://lnkd.in/eXNJUG8m#JobSecurity #PayTrends #UKLabourMarket #Careers #Economy
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Did you know that UK workers expect a 3.8% pay rise over the next year? With the Robert Half Jobs Confidence Index, you can stay ahead of the latest job market trends. For more detailed insights, including regional variations, check out our latest report: https://lnkd.in/eTTvCiBb#JobSecurity #PayTrends #UKLabourMarket #Careers #Economy
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Specialist in Accounting and Finance Recruitment, connecting businesses with top talent and helping candidates find their next opportunity in the UK | Interim & Permanent Recruitment Solutions
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Did you know that UK workers expect a 3.8% pay rise over the next year? With the Robert Half Jobs Confidence Index, you can stay ahead of the latest job market trends. For more detailed insights, including regional variations, check out our latest report: https://lnkd.in/eeATrVAa#JobSecurity #PayTrends #UKLabourMarket #Careers #Economy
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