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HR & Development Services

Salary Expectations Overestimated by School and University Leavers

Teenagers with aspirations to go to university may be overestimating their future salaries by more than £11,000, analysis published in September 2018 by the Office for National Statistics (ONS) revealed.
The research discovered that in 2015 and 2016, half of 16 and 17-year-olds expected to be earning £35,000 by their 30th birthday if they had a degree. However, data from the Annual Survey of Hours and Earnings 2017 showed the average 30-year-old earned £23,700.

Teenagers who did not plan to study at university also overestimated their salary, although to a lesser degree, as £25,000.

This raises the question of what HR professionals should be doing to educate school children about pay expectations.   

Are we linking with education providers to share our knowledge of the market and work with teachers to give realistic expectations that will help a young person shape their future?      The team at Holgate HR do just that and are proud to support local schools in any way we can.  We'd be interested in your views so please get in touch to share innovative ways you are working with younger people.
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