Salary Calculator
Imagine if there was a way of knowing whether you’re being paid the right amount for the work you do each day. The Salary Calculator from Monster's Parent Randstad, powered by Salaryboard, enables you to do just that.
Use this resource as a salary checker that compares more than 16 million UK wages and job profiles in real-time. You’ll get a detailed, accurate report on what you should be getting paid as gross income before any income tax, national insurance and pension deductions.
Easy-to-use Wage Calculator
The salary checker is easy to use and allows you to discover more about the industry rates for your profession. All you need to do is provide some basic information including your:
- job title
- location
- years of experience
Knowledge is power, and the knowledge you gain from understanding your worth sets you in excellent stead to enter into salary negotiations for a current job or new application. You can also compare your position with other people’s jobs to help you decide whether a career switch is in order.
Want to know your worth in the marketplace or see how your salary stacks up against other professions? Having an idea of industry rates will give you an idea of whether you're being paid fairly, and help you plan for the future. You can use the free tool here.
Are You Surprised by the Salary Calculator Results?
If the results you receive from the calculator indicate that your current salary is less than the average for the position you’re undertaking and the location you’re working in, you could be one of the many Britons who are facing a crisis of confidence when it comes to salary discussions. For example:
- 43% of workers are scared to ask for a raise
- 28% avoid negotiating a pay raise because they’re uncomfortable talking about money
- 19% don’t want to come across as pushy
- 8% fear losing their job
- 71% of millennial women are not confident in asking for a pay raise, compared with 61% of men
In fact, you can overcome any anxiety about talking about money with your boss or HR department by going into the conversation well-equipped with remuneration facts for your field. Using the salary calculation helps you do just that. There is nothing to be embarrassed about regarding your worth and expecting to be awarding accordingly.
There are certain laws that demand that women and men are paid equally for work of equal value, and that no one is monetarily (or otherwise) discriminated against due to their age, race or religion. If you think that your salary reflects this, speak to your HR department or a qualified legal advisor.
Beyond this, your pay should correspond with the level of your responsibilities, years of service, and be in line with the industry standard that your job falls within. Your employer may also have salary policies that govern how and when your wage is reviewed and increases in line with inflation or profit targets. Combining your knowledge of all these elements helps you to take ownership in your career. Once you understand what you’re worth, use our tips for asking for a pay rise.
Ready to be Valued in a New Job? Start Searching on Monster
If negotiating with your current employer is a no-go or you fancy the challenge and benefits of a new role, join Monster and set up a free profile today. You can immediately start exploring exciting new job listings and even be found by recruiters online. Before entering the interview stages, make sure you return to our salary calculator to arm yourself with the sector knowledge you need to reach your potential.