Do you think about a new job opportunity or change in career direction? If you are, what are you considering before making the switch or seizing the job opportunity? Our focus might be brought to the beginning salary, but it’s crucial for us to consider the long-term potential of the job we choose. The medium base pay of the job is different from the year-over-year pay growth and is an aspect of the job we need to focus on. There are jobs with a high pay at the start but has a limited mobility upward where there’s slow growth. Some high paying jobs are associated with low pay growth, and low paying jobs are associated with high pay growth; however, not all jobs fall into this pattern.
In Glassdoor’s Local Pay Reports, they highlight 14 career industries that show the medium base pay and the year-over-year (YOY) pay employees or prospective employees can experience. For example, the medium base pay of a human resources manager is $68,100 which is relatively high compared to what a recruiter makes, $50,491. However, a recruiter will see a 4.8% pay growth year over year than the manager who will be seeing a 1.1%. This kind of pay growth can provide stability in an occupation if that’s what you aim to have. Regarding what jobs have the big high raise, according to cnbc, jobs with the big raise are:
- Recruiter with a 6.5% YOY
- Barista with a 6.4% YOY
- Restaurant Cook with a 5.8% YOY
- Bank Teller with a 5.3% YOY
- Claims Adjuster with a 4.8% YOY
- Truck Driver with a 4.3% YOY
- Delivery Driver with a 4.3% YOY
- Pharmacy Technician with a 3.9% YOY
- Warehouse Associate with a 3.7% YOY
- Construction Worker with a 3.9% YOY
It doesn’t mean you have to choose a career from the list above or have to go into that specific industry. Not all occupations have the same wage since no job is alike. Other factors contribute to the salary. So before choosing another opportunity or career, you might want to look at all aspects of the job from the starting pointing of when you will begin to the future of what the profession will have in store for you. Learn as much as you can about your field and the occupation you want to have; it is better to know going in than not. Assessing yourself and asking yourself what you want and expect from your career is one way of knowing your expectations. Do you think knowing what the potential pay growth year-over-year will make a difference in choosing your career or accepting a job opportunity? Let us know in the comments below!