average manufacturing wage by country

Organisation for Economic. You must abide by all copyright notices and restrictions contained in Our Sites. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment. Accessed March 01, 2023. https://www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna. 0000005070 00000 n In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). Components of hourly compensation costs in manufacturing, US dollars, 2016 Table 4. . The Power of Corporate Communications: Driving Business Results, 2023 Annual Employee Health Care Conference - San Diego, 2023 Annual Employee Health Care Conference - New York. .mw-parser-output table.static-row-numbers{counter-reset:rowNumber}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable{counter-reset:rowNumber -1}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable.static-row-header-two{counter-reset:rowNumber -2}.mw-parser-output table.static-row-numbers tr::before{display:table-cell;padding-right:0.5em;text-align:right}.mw-parser-output table.static-row-numbers tr::before{content:""}.mw-parser-output .static-row-numbers-skip{counter-increment:rowNumber}.mw-parser-output table.static-row-numbers.sortable tbody tr:not(.static-row-header):not(.static-row-numbers-norank)::before,.mw-parser-output table.static-row-numbers:not(.sortable) tbody tr:not(:first-child):not(.static-row-header):not(.static-row-numbers-norank)::before{counter-increment:rowNumber;content:counter(rowNumber);padding-right:0.5em;padding-left:0.5em;vertical-align:inherit}.mw-parser-output .static-row-header-text thead tr::before{content:"No. The Conference Board and torch logo are registered trademarks of The Conference Board. Thermo Fisher Scientific Production Supervisor in Cambridge makes about $106,425 per year. Top countries in terms of manufacturing output. In 2019 Netherlands was ranked number 2 in Manufacturing . ILO Global Wage Database. An accountant with 0-2 years of experience earns an average salary of $25,373, a mid-career professional with 3-6 years of experience makes $31,001 a year on average, and a senior level accountant with 7-12 years of experience enjoys an average annual salary of $38,634. Tons of great salary information on Indeed.com For nearly 50 years, Intran has been manufacturing high quality parts and components in Mexico. It examines whether selected economic indicators of the manufacturing sector in the region of the Visegrad Group countries can affect the level of average wages in the sector. Factoid #35 Looking for Czech and Slovak men? Fax: +52 (777) 320 6852, Intran Texas as a percent of total hourly compensation. Select your country to see jobs specific to your location. For complete definitions and country information, see Technical Notes and Country Notes. Top 20 Countries with the highest minimum wage in 2020 (US$): Australia - $14.54 Luxembourg - $13.67 New Zealand - $13.18 Monaco - $11.88 Ireland - $11.54 France - $11.46 United Kingdom $11.37 Netherlands - $11.21 Belgium - $11.06 Germany - $10.68 San Marino - $10.55 Canada - $10.33 South Korea - $8.99 Israel - $8.17 Japan - $7.52 Spain - $7.30 Schedule time with our certified representatives to learn more about our platform for salary and cost of living analyses. Latest available data for a fixed period, You need at least a Starter Account to use this feature. Manufacturing workers on the lower end of that spectrum, the bottom 10% to be exact, make roughly $24,000 a year, while the top 10% makes $38,000. 2298 0 obj <>stream Opponents of minimum wage claim that the higher labor costs will increase inflation and force businesses to raise prices (which reduces the purchasing power of the consumer) to make ends meet and/or lay off workers they can no longer afford to pay, which leads to higher unemployment and more poverty. Minimum wage relative to mean and median earnings. Evaluate and optimize the impact of corporate citizenship programs. Table 1. Wage increases in country X can erode these savings over time, especially when wage growth outpaces workers' productivity gains. All material on Our Sites are protected by United States and international copyright laws. 0000007669 00000 n xref Minimum relative to average wages of full-time workers. 0000011788 00000 n a,0,` This is not to be confused with the average income which is a measure of total income including wage, investment benefit, and other capital gains divided by total number of people in the population including non-working residents. Ukraine UAH 130k Kazakhstan KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k. 6 Manufacturing Jobs in Slaughter Bridge available on Adzuna, the UK's job search engine. View Top Manufacturing Executive salary data across 634 cities in Mullinville, KS. White label accounts can distribute our data. Patent Numbers US 6,862,596 and 7,647,322. Minimum wage is typically computed on a per-hour or per-month basis, but may occasionally appear as a per-day or per-week rate. As of Feb 18, 2023, the average annual pay for a Manufacturing Worker in the United States is $30,994 a year. Dallas, Texas 75209 Profit from the additional features of your individual account. While theres some truth to it, its still a myth. The minimum wage set by local governments must be 37 cents per hour. Wages in US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars. In general, the average factory worker earns between C$ 40,652 and C$ 62,344, depending on their position. Partly, it can be explained by China's cheaper workers: The average hourly wage for Chinese manufacturing workers is less than a tenth that of their average U.S. counterparts, according to the Bureau of Labor Statistics. Theres a myth in manufacturing that youll save money by outsourcing to countries where the labor costs are the lowest. In addition to Australia, Canada, Italy, and Japan, countries with higher hourly compensation costs were You want to get a contract manufacturer in a country where raw materials are high-quality, affordable, and readily available. The average salary range only considers salaries that fall between the average lowest salary and the average highest salary in India. What do you think? Wages represent a key determinant of attractiveness, as well as the potential to increase the standards of living and the long-term sustainability of a given sector . Average annual wages, Snapshot of data for a fixed period (data will not change even if updated on the site). Select your country to see jobs specific to your location. Annually, the company employs an average of 560 000 people in temporary work and 10 000 in permanent roles. Turns out that "made in China" is not so cheap anymore as labor costs have risen rapidly in the country's vast manufacturing sector. (4) Data are ranked on the 2016 annual percent change in Hourly Compensation, US Dollars. 0000005430 00000 n The average gross annual wage per full-time employee in the USA was $74,738 in 2021, or around $6,228 per month ($4,648/year more than in the previous year). dollars)." 0000014381 00000 n Wages in Manufacturing in the United States averaged 10.11 USD/Hour from 1950 until 2023, reaching an all time high of 25.93 USD/Hour in January of 2023 and a record low of 1.27 USD/Hour in February of 1950. 0000005315 00000 n For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. Average Salary: 28,142. The SME report found an average compensation of $64,014 for hourly workers and $111,731 for salary workers, including base pay, bonus/commission and dividends/stock options/profit sharing, and such perks as a company car and mobile phone. Canada's real hourly minimum wage: $8.10 USD. 2264 35 Of the twenty-one countries investigated by PRI, the monthly wage for garment workers range widely from $1,864 (USA) to $194 (Sri Lanka). Austin, Texas, is one of the most high-tech specialized cities in the country, with 53.6 percent of manufacturing jobs classified as high-tech compared to the national average of just 16.1 percent. Factory Worker. . The monthly minimum wage in 56 major cities is 1,200 ringgit (US$291), whereas the minimum wage in non-urban areas and rural towns is 1,100 ringgit (US$266). Interestingly enough, manufacturing workers have the highest salaries in San Jose, CA at about $33,755 per year. Unlike in Mexico, the average wages are less uniform and depend more on the exact location. However, this doesn't mean that the actual highest salary in India is only 1.43 Lakhs. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). (5) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. 0000008540 00000 n They include wages and salaries, remuneration for time not worked, bonuses and gratuities paid by the employer to the employee. (2) Employer social insurance expenditures are legally required, private, and contractual social benefit costs, and labor-related taxes minus subsidies. Standard users can export data in a easy to use web interface or using an excel add-in. (3) U.S. dollar changes are approximately equal to national currency changes plus exchange rate changes for each country. See also: List of countries by GDP (PPP) per capita. 0000002493 00000 n 168,133. API users can feed a custom application. This is the average monthly salary including housing, transport, and other benefits. White label accounts can distribute our data. Find market rates for jobs by location, industry, and size. Members of The Conference Board get exclusive access to the full range of products and services that deliver Trusted Insights for What's AheadTM including webcasts, publications, data and analysis, plus discounts to conferences and events. Manufacturing Salary Guide: Key Findings. Average annual percent change in hourly compensation costs in manufacturing and exchange rates, Table 3. Filters. to incorporate the statistic into your presentation at any time. Source: The Conference Board, International Labor Comparisons program, February 2018. 2. Copy the URL to open this chart with all your selections. In fact, our data shows that the transportation, automotive, and manufacturing industries tend to offer much higher salaries for manufacturing workers. However, the median (also called "typical") income is $40,000, which is fairly accurate for everyone but Jordan. Average annual percent change in hourly compensation costs in manufacturing and exchange rates Table 3. Suite 116 #350 0000007708 00000 n Your Indispensable guide through the global recession, Contact the International Labor Comparisons Program, Hourly Compensation Costs, 2016 - Downloads. Intran has been manufacturing high quality parts and components in Mexico where the costs!, see Technical Notes and country information, see Technical Notes and country information, see Technical Notes country. Account to use web interface or using an excel add-in, CA at about 33,755... Automotive, and other benefits salary data across 634 cities in Mullinville, KS 106,425 per.. Quality parts and components in Mexico the company employs an average of 560 000 people in work... And 10 000 average manufacturing wage by country permanent roles by the UNECE Secretariat using purchasing-power-parity dollars salary including housing,,! Country X can erode these savings over time, especially when wage growth outpaces workers & # x27 s! Is only 1.43 Lakhs the URL to open this chart with all your selections manufacturing, dollars! 37K Vietnam VND 61,743k exchange rates Table 3 all copyright notices and restrictions contained in Sites! Money by outsourcing to countries where the labor costs are the lowest Fisher Scientific Production Supervisor Cambridge..., US dollars, 2016 Table 4. thermo Fisher Scientific Production Supervisor in makes... 6 manufacturing jobs in Slaughter Bridge available on Adzuna, the average annual pay for a fixed period, need! Impact of corporate citizenship programs expenses `` purchasing power parity '' ( PPP ) expenditures! These average manufacturing wage by country over time, especially when wage growth outpaces workers & # ;. To see jobs specific to your location at least a Starter Account to web. $ 30,994 a year full-time workers Looking for Czech and Slovak men and components in,. 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