Quantitative Data Analysis Report on the Impact of COVID-19 on Employee Salaries in the UK

Assignment number &title
Assignment 1 Quantitative Data
Analysis Report

Table of Contents
Introduction.................................................................................................................................................3
Define the business research problems.......................................................................................................3
Literature review.........................................................................................................................................4
Identification of dataset sourced from the office of national statistics websites that will enable to
address the chosen business research problem..........................................................................................6
Quantitative analysis of the dataset using tools &techniques from the unit along with your individual
written Report.............................................................................................................................................7
Median monthly pay of employees in the United Kingdom from July 2014 to January 2022(in GBP)...7
Visualizations of data drawn from your quantitative analysis.....................................................................8
Full-time men’s weekly earnings increased by 5.5% between 2021 &2020 after being the only group
to decease between 2019 &2020 (down 1.9%)..................................................................................10
Findings.....................................................................................................................................................13
Conclusion.................................................................................................................................................14
References.................................................................................................................................................15
Median monthly pay of employees in the United Kingdom from July 2014 to January 2022(in GBP)
[Online] Available Through < https://www.statista.com/statistics/1224824/median-monthly-pay-of-
employees-uk/.......................................................................................................................................16

Introduction
The COVID-19 has become a worldwide concern. The worldwide supply chain has been
affected. Aside from that, the lockdown had a negative impact on corporate organizations’ sales
&profit margins. National &international flights were halted due to the international shutdown.
As a result, getting from one area to another was quite difficult. The purpose of this research is to
assess the COVID-19's influence on a corporate entity's activities. The main concern of this
report is to focus on the salary &earning of the employees who are working in UK &also
highlight the impact of the COVID pandemic on the jobs, employment &salary &earning of the
employees &also find out the full time salary of the employees. The research will look at
business research issues, as well as literature reviews, strategies, &other topics. Furthermore, the
data set was obtained from the ONS website. Knowledge has also been evaluated using
quantitative tools, charts, &some other methods. Data has also been displayed using quantitative
analysis tools such as statistics, graphs, & also charts.
Define the business research problems
Currently, corporate organizations are likely to confront a slew of challenges, including a
shortage of cash, a scarcity of resources, & also business management, to name a few. The
epidemic has now become a major concern for businesses. The COVID-19 has a significant
influence on the corporate entity's activities. As a result, businesses are unable to generate a
sufficient profit margin. The major goal of this research is to focus on the pay & also earnings of
workers working in the United Kingdom, as well as to emphasize the influence of the epidemic
on jobs, industry, & also wages &salaries &earnings, as well as to determine the full-time
income of employees. The COVID-19, on the other hand, had a significant influence on the
firm's management. The corporation must reduce its workforce as a result of the epidemic.
Furthermore, the lockdown had a direct impact on the renowned industry's sales &profit margin.
Aside from that, the pandemic's influence hampered the availability of raw materials &other

essential equipment. The purpose of this research is to determine the effect of the virus on the
earning &salary of the employees (Bargain, Doorley and Van Kerm, 2019).
Literature review
According to the online sites, it is analyzed that the average salary of the employees in
the United Kingdom &also determined the 400 jobs of the employees as per the age &also job.
it is determined that according to their annual poll, the average pay in the UK for men &women
combined was £29,009, which covers both full-time &part-time workers. The average UK pay is
£35,423 for full-time workers &£12,083 for part-time workers. Salary numbers were up 5.4
percent in the most recent report, with full-time incomes averaging £38,600 &part-time salaries
averaging £13,803. The average pay is calculated by looking at UK workers' average weekly
wage as well as the yearly assessment of hours &earnings, according to the Official figures. On
the ONS website, you may learn more of how average wage is computed (Benish, Haber and
Eliahou, 2017).