Security Work. How does it pay?

**Security Work: What Does it Pay in 2023?**
In the ever-evolving landscape of employment, one question that looms large is, ‘What am I getting paid?’
As the job market continues to evolve, staying informed about wage trends and economic factors can empower workers to make financial decisions that best suit their circumstances. In the ever-changing world of employment, knowledge truly is power. Let’s explore the earnings of security guards and related jobs in the UK for the year 2023.

**The Big Picture: Wage Trends**
As of April 2023, the average full-time worker in the UK was earning nearly £35,000 per year, whereas the average Security Operative was earning only £28,216.

The average worker also enjoyed a 5.8% increase from the previous year. However, this headline figure doesn’t tell the whole story. Despite these pay hikes, most workers experienced wage growth that fell short of inflation, which measures the rising cost of goods and services. When we adjust for inflation, it becomes clear that wages for full-time workers have actually fallen by 1.9%, underscoring the continued squeeze on the cost of living.

This is an issue that resonates with the wider workforce, but how does it specifically impact security professionals?

**Security Workers in 2023: The Numbers**
In April 2023, as earlier mentioned – security guards and related occupations reported annual earnings of £28,216, representing a substantial 6.5% increase from the previous year. On the surface, this might sound like a positive development for those in these roles. However, the devil is in the detail – as we delve deeper into the data and consider the impact of inflation. When adjusted for inflation, this apparent pay rise of 6.5% is, in fact, a decrease of -1.2%. This is only slightly better than the national average at -1.9%.

So, what’s causing this discrepancy between nominal wage growth and real earnings, and what does it mean for security professionals in the UK? Well, firstly – the average wage may be lower for those working in the Security Industry, and it may be getting worse. But it’s not suffering to the same extent as the average worker.
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**The Data, where does it come from?**
The salary figures presented in this article are sourced from the latest Annual Survey of Hours and Earnings, published by the Office for National Statistics (ONS), covering the period up to April 2023. While it’s important to note that these figures may not represent the most current data on the job market, they offer a more detailed perspective than the monthly labor statistics published by the ONS.

To calculate the annual change in real terms, we’ve considered the gross annual pay for full-time workers within each occupation group. The figures presented here represent median wages, providing insight into the income of the middle-ranking employee in these roles.
The adjustment for inflation in these calculations is based on the Consumer Prices Index including owner occupiers’ housing costs (CPIH). The difference between the recorded wages in April 2023 and the inflation-adjusted estimates reveals the annual change in real terms, highlighting the impact of inflation on earnings.
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