Underpaid Retail and IT Professionals Amidst Rising Salaries

  • Retail salaries reach a five-month high in July
  • Pay increased by 1.1% month-on-month
  • 62.2% of retail professionals feel underpaid
  • IT professionals also report feeling underpaid

Average salaries for retail roles have reached a five-month high in July, with an increase of 1.1% month-on-month according to data from CV-Library. However, a separate survey by the group revealed that nearly two-thirds (62.2%) of retail professionals believe they are underpaid. Lee Biggins, founder and managing director of CV-Library, commented on the situation: ‘As organisations struggle to fill vacancies, many businesses are increasing pay packets to attract suitable candidates. Despite this positive growth in salaries, a separate study found that most IT professionals also feel undercompensated. Employees and managers should compare their earnings with industry averages to ensure fairness.’

Factuality Level: 8
Factuality Justification: The article provides relevant information about the increase in average salaries for retail roles and includes a quote from an expert in the field. It also mentions a separate survey on IT professionals’ perception of their pay. However, it could benefit from more context or data to support the claims made.
Noise Level: 6
Noise Justification: The article provides some relevant information about the increase in average salaries for retail roles and a survey result on employees’ perception of their pay. However, it contains some repetitive information and could benefit from more analysis or context on the reasons behind the salary growth and potential consequences for businesses.
Financial Relevance: Yes
Financial Markets Impacted: Retail and IT industries
Financial Rating Justification: The article discusses the increase in average salaries for retail roles and the perception of underpayment among retail and IT professionals, which can impact hiring decisions and company expenses.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.

Reported publicly: www.retailsector.co.uk