Business

Careers where over 50% of workers are happy with their pay

Do you want to feel good about how much money you make? Move to product management, engineering or real estate, where employees are more likely to say they feel well compensated for their work.

That’s according to LinkedIn’s Workforce Confidence Index, which surveyed more than 32,000 American employees from June to September.

About 60% of workers in each of these industries say they feel well compensated for their work, compared to the average 49% of U.S. workers who say they are satisfied with their earning potential.

It makes sense — tech positions are some of the most in-demand and highest paying jobs out there, and real estate professionals have quite a bit of control over their earnings through the listings they take, plus commission boosts.

The careers in which employees feel happiest with their pay, along with the proportion of people who feel well compensated, include:

  1. Product management: 62%
  2. Technique: 60%
  3. Real estate: 59%
  4. Program and project management: 58%
  5. Consulting: 57%
  6. Staff: 56%
  7. Finance: 56%
  8. Purchase: 55%
  9. Information technology: 54%
  10. Legal: 54%
  11. Business development: 54%
  12. Marketing: 53%
  13. Accounting: 52%

Meanwhile, public sector jobs, which often have fewer resources and more regulated pay scales, are not so happy with their pay.

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Careers where people are least satisfied with their pay include:

  1. Educators: 39%
  2. Entrepreneurs: 41%
  3. Social workers: 43%

Interestingly, some of the employees who are happiest with their compensation also feel the most empowered to ask for a raise soon. About 39% of both product managers and marketers say they plan to ask their boss for a raise in the coming months, compared to just 29% of the total US workforce.

This means that employees know they can use their in-demand skills to negotiate competitive salaries, says Taylor Borden, a news editor at LinkedIn.

High-paid employees in marketing and engineering also report positive feelings about pay transparency and believe it can lead to great pay equality, Borden says, “indicating that they are more comfortable talking about money at the beginning.”

Meanwhile, many workers who feel underpaid are also the least likely to negotiate a raise out of concerns about their job security. “Given high inflation and potential economic uncertainty, some workers just don’t feel empowered to rock the boat,” Borden says.

And even those who drive raises say it’s not enough: Half of workers who got a raise or better-paying jobs say their earnings didn’t keep up with inflation, according to Bankrate’s September Pay Raise survey.

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Checking out:

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