The cost of living might be going up month on month, but there’s good news in some industries if you’re looking for a pay rise. A survey of payroll employment from Statistics Canada has found that the average weekly wage for March stood at $966 – that’s 0.9% up on the same month the previous year.
While it might not sound like much, any raise at all is good news for workers. If you’re on the lookout for a new job or want to have a complete career change into an entirely new sector, which are the best industries to be looking at if you want a pay rise this year?
The Best Industries for a Raise…
At the moment it seems the best industry to get into if you want a pay rise are…
• The arts and entertainment sector, which saw the biggest wage boost at 4.3% – and they told you that literature degree and postgraduate course in drama would never pay off?
• The wholesale trade, which saw a 3.9% pay rise between March 2016 and March 2017.
• The information and culture sectors which saw 3.4% growth.
• The education sector and the accommodation, food and drink sector, both of which saw wages rise by 2.7%
• Forestry and logging, where pay rises were at 2.6%.
Other notable mentions were management roles (2.4%), finance and insurance (1.8%), healthcare (1.2%), scientific and technical roles (1.2%) and manufacturing jobs (0.8%).
… And the Worst
Of course, for every winner there are those that lose, and the same is true in the employment stakes as it is on the pitch. If you’re looking for a new job, there are a handful of industries you’d be well advised to avoid…
• Those working in the utilities industries saw their wages fall quite significantly, taking a massive pay cut of 7.1% between March 2016 and March 2017.
• Those working in real estate didn’t fare much better, with their wages slashed by 5.4%.
• People working in the mining, oil and gas sectors felt the pinch as the costs of production rose and the price of oil slumped, taking home a pay cut of 3.3%.
• Those in public administration saw their pay fall by 0.9% over the course of the year.
At the lower end of the pay increase scale, people employed in transport and warehousing saw a very meagre raise of just 0.1%, while those in construction just nudged ahead with a 0.2% pay rise – not exactly cause for celebration.
There’s no doubt that these are tough times, whether you’re in full-time work but looking around for something new or unemployed and hunting for your dream job. At Adzuna, we keep a keen eye on the ups and downs of the jobs market and can offer advice on the best doors to knock on if you want that all-important pay rise. It’s not all doom and gloom – there are some great, well-paid jobs out there when you know where to look.