Nearly Three Quarters of Retail Staff Feel Underpaid, Survey Reveals

  • 71.4% of retail professionals feel underpaid according to CV-Library’s study
  • Over a third (37.7%) work one to three hours extra per week
  • Retail professionals miss out on £1,359.36 in unpaid overtime annually
  • 67.6% struggle to make ends meet at the end of each month
  • UK employees work 2.5 weeks more than EU average
  • Lee Biggins advises workers to ask for a pay review if they feel underpaid

A study by CV-Library surveyed 1,200 working professionals and found that nearly three quarters (71.4%) feel underpaid in the retail industry. Over a third work one to three hours extra per week, equating to 96 hours of unpaid overtime annually. Despite 63.9% working more hours than contracted, two-thirds struggle financially at month’s end. Lee Biggins, CV-Library founder and CEO, advises workers to ask for a pay review if they feel underappreciated.

Factuality Level: 8
Factuality Justification: The article is based on a survey of 1,200 working professionals and provides relevant information about their experiences in the retail industry. It includes statistics and quotes from an expert in the field. However, it could benefit from more context or examples to support the claims made.
Noise Level: 4
Noise Justification: The article provides relevant information about retail professionals’ working conditions and their opinions on being underpaid, but it lacks in-depth analysis or solutions to the issue.
Financial Relevance: Yes
Financial Markets Impacted: The article discusses the unpaid overtime of retail professionals and its impact on their financial situation, which could potentially affect their spending habits and overall economy.
Financial Rating Justification: The article is relevant to financial topics as it talks about the financial struggles faced by retail professionals due to unpaid overtime and its effect on their ability to make ends meet. It also suggests that this could have an impact on consumer behavior and the economy.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: No extreme event occurred in the last 48 hours.

Reported publicly: www.retailsector.co.uk