Many candidates, individuals and apprentices wonder at best temping jobs Public Sector vs Private Sector the ongoing saga. The secretive myth that has been around for years, employees from both sectors stating they earn more than the other. For the benefit of this blog/post I have collated some data from the internet – National Research – to provide a better understanding. Recruitment agencies such as me/Nimble Recruitment can encourage you to opt for certain job vacancies but it’s always down to skills and abilities. Personal preference and your career profile.
The main factors of interest between the two sectors are as follows:
- The average public sector worker is paid approximately 14.5% more than the private sector
- The current top 5% bracket of public sector employee’s i.e. Management and above
- are paid between £3.67 -£4.25 more that’s a 35% difference
- Moving slightly higher to senior management are paid an extra £2.15 – £3.45 an hour
- Eventually the top 1% : Senior executives & CEO’s where it starts to swing in the favour of the Private Sector and they can achieve an extra £10.00 – £15.00 an hour.
- As a gross yearly salary, based on the national earnings guide; Public sector workers will earn approximately £2750 – £3200 than their counterparts in the private sector depending on regional location, job status and gender.
The figures showed Public sector workers are still earning up to £3,200 a year more than their private sector equivalents. Even after a three-year squeeze on the millions employed by the state, they continue to enjoy an average ‘pay premium’ of more than six per cent, a report reveals today. In some parts of the North East, Merseyside and the South West, public sector workers are paid as much as 14 per cent more.
My professional view; Yes – the Public sector is better paid for employment. Out the two they would be best jobs. Average hourly salaries from Public vs Private fluctuate in the favour of the government again by approximately £3.00 – £4.00. If you are lucky enough to be in the top 1% Private Sector the hourly rate can vary by £10.00 – £15. That will be the only occasion where you may surpass the public sector. Ultimately one issue has always been a concern and that is job security. We all take for granted if its security and finances opt for the Public Sector but that’s not been the case recently. Various cutbacks have deterred candidates from applying for jobs even with lucrative hourly/attractive gross salaries.
The myth seems to be swinging again when job security comes into the equation. Dozens of candidates tell me they prefer working for the best recruitment agencies midlands, who can provide temping jobs with some form of continuity. If that’s the case there is a Hugh demand in the West Midlands from the private sector. The wages hourly/gross salary will sooner or later match the public sector. Conclusion being if its Money; Public Sector, If its Continuity; Private Sector either we can help you at Nimble Recruitment.