Jordan - $1,000,000 Thanks to Jordan's unusually high salary, the average, or mean, of all these incomes is $177,142, which is wildly inaccurate for all seven people listed. Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function. Covering all aspects of labor markets, from monthly development to long-term trends. Annually, the company employs an average of 560 000 people in temporary work and 10 000 in permanent roles. Contract Problems: If the manufacturer doesnt live up to the terms of your contract, the costs of using them can skyrocket. Civac, Jiutepec, Morelos Learn about SalaryExperts 30 years of experience in salary data and compensation analysis, Learn how SalaryExperts salary survey data can help you with your compensation planning, Reach out to us with any concerns or questions. Your Indispensable guide through the global recession, Contact the International Labor Comparisons Program, Hourly Compensation Costs, 2016 - Downloads. Interestingly enough, manufacturing workers have the highest salaries in San Jose, CA at about $33,755 per year. In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. (214) 425-5869, Mark W. Williams The manufacturing industry is expected to create only 19 new jobs in the 77 industries it serves. 0000007959 00000 n For those who are just starting out, the average entry-level salary in San Jose, CA is $26,000. To use individual functions (e.g., mark statistics as favourites, set Supporters of minimum wage argue the opposite, saying that it increases the standard of living for workers, reduces poverty and inequality, stimulates the economy by increasing purchasing power, and boosts employee morale. All material on Our Sites are protected by United States and international copyright laws. . Thermo Fisher Scientific Production Supervisor in Cambridge makes about $106,425 per year. The OECD (Organization for Economic Co-operation and Development) dataset contains data on average annual wages for full-time and full-year equivalent employees in the total economy. You must abide by all copyright notices and restrictions contained in Our Sites. Centers offer access to world-class experts, research, events, and senior executive communities. hA 04o\GczC. We have a plan for your needs. In the United States, by comparison, the average wage in manufacturing was $24.55 per hour as of January 2022 almost 10 times higher than in Mexico. (1) Compensation costs include direct pay, social insurance expenditures, and labor-related taxes. *NEW Please create an account with The Conference Board for complimentary access to all ILC files. In comparison with 33 foreign countries covered, U.S. manufacturing hourly compensation costs in 2011 ranked approximately in the middle at $35.53, the U.S. Bureau of Labor Statistics reported today (see chart 1). View Top Manufacturing Executive salary data across 634 cities in Mullinville, KS. The objective of non-discrimination and equal treatment in employment implies that workers should receive equal pay for work of equal value. 02/27/2023 Bloomfield Hills, MI 48302 Latest available data for a fixed period, Salaries By Country. Change Country Change Country. Oregon pays Manufacturing Workers the most in the United States, with an average salary of $38,334 per year, or $18.43 per hour. 2264 35 statistic alerts) please log in with your personal account. In fact, as automation and technology improves, labor costs become less and less important. (2) Exchange rates are expressed as US dollars per foreign currency unit. Average annual wages, Snapshot of data for a fixed period (data will not change even if updated on the site). 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 . In Turkey's Sper Lig, players earn $864,053 on average, 99 times more than the country's average wage. . They include wages and salaries, remuneration for time not worked, bonuses and gratuities paid by the employer to the employee. Track the latest short-, medium-, and long-term growth outlooks for 77 economies. Read more about the advantages of manufacturing in Mexico. 48 Sur Centenario #205 The average wage is a measure of total income after taxes divided by total number of employees employed. Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of average usual weekly hours per full-time employee to average usually weekly hours for all employees. Schedule time with our certified representatives to learn more about our platform for salary and cost of living analyses. 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. Fax: +52 (777) 320 6852, Intran Texas 0000013626 00000 n Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. . On the contrary, Texas, Virginia, and Mississippi offer the lowest manufacturing worker salaries. We search every job, everywhere so you don't have to. "}.mw-parser-output .srn-white-background{background:#fff}.mw-parser-output .static-row-numbers tr:hover{background:#eaf3ff}. Top countries in terms of manufacturing output. Advanced users can use our Python/R/Matlab packages. Assists in candy manufacturing . The hourly cost advantage, while still significant, is shrinking rapidly. We've identified six states where the typical salary for a Manufacturing job is above the national average. In some states, the wages are much higher than in others. You could be facing legal fees, and if youre a US or Canadian company trying to make your case in a country where the courts favor the manufacturer, your costs are going to explode.Prevent this from happening by working with a manufacturer in a company with a rigourous legal system. While theres some truth to it, its still a myth. A positive (negative) change signifies an appreciation (depreciation) of the foreign currency relative to the US dollar. The minimum wage for non-tipped workers in the United States remains $7.25 per hour in 2020the 17th highest in the world, but barely half that of the global leader, Australia. Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years. According to the U.S. Department of Labor, measuring hourly manufacturing compensation costs on an all employees basis changes the position of some countries relative to the United States. Data published Yearly by Labour Bureau. If the manufacturer is one days drive away, the longest it can take to have your finished goods delivered is one day. Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners. Netherlands Manufacturing Hourly Wage Rate increased 2.8% in 2019, compared to a year earlier. . As a Premium user you get access to the detailed source references and background information about this statistic. 0000000016 00000 n Looking beyond the obvious costs, its a good idea to think about the following hidden costs. . In, Adzuna. a,0,` This key economic indicator for the Manufacturing sector has been recently updated. Register in seconds and access exclusive features. endstream endobj 2297 0 obj <>/Filter/FlateDecode/Index[108 2156]/Length 66/Size 2264/Type/XRef/W[1 1 1]>>stream Factory Worker. This is the average monthly salary including housing, transport, and other benefits. Access to this and all other statistics on 80,000 topics from, Show sources information Civac, Jiutepec, Morelos If we look back at our nearly five decades of being in business, we've . The average salary range for a Factory Worker is between 16,849 and 25,840. +52 (777) 319 9290 x 121 However, individual states have the power to increase the federal minimum wage, and 29 of them have done so. Wage increases in country X can erode these savings over time, especially when wage growth outpaces workers' productivity gains. While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. Lo U10X4k`w`^xr3i1`_c{eZm"+ The highest is in remote Nunavut, where employees earn the equivalent of $10. Average wages are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of the average usual weekly hours per full-time employee to the average usually weekly hours for all employees. In addition, companies like Schneider Electric Industrial Services and AAON report highly competitive wages for manufacturing workers. In some countries (like Mexico), the legal system is honest and fair to foreign companies. (214) 202-2072 0000001976 00000 n Wages in Manufacturing World Europe America Asia Africa Australia G20 This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Wages in Manufacturing. 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. Since 2014 Germany Manufacturing Hourly Wage Rate rose 2.5% year on year close to 110.05 Indexes 2015 = 100. Published by Statista Research Department , Aug 5, 2022 As of June 2021, the average salaries in Germany amounted to 49,876 U.S. dollars. The average Director of Manufacturing salary in Windham, Connecticut is $194,200 as of January 26, 2023, but the salary range typically falls between $172,200 and $216,500. 0000013179 00000 n The average hourly pay for a Manufacturing Worker is $16.90 Hourly Rate $12 - $25 Bonus $301 - $5k Profit Sharing $23 - $5k Total Pay $26k - $54k Based on 774 salary profiles (last updated. ILOSTAT. You may not reproduce, distribute (in any form including over any local area or other network or service), display, perform, create derivative works of, sell, license, extract for use in a database, or otherwise use any materials (including computer programs and other code) on Our Sites ("Site Material"), except that you may download Site Material in the form of one machine readable copy that you will use only for personal, noncommercial purposes, and only if you do not alter Site Material or remove any trademark, copyright or other notice displayed on the Site Material. Interactive map Official data is published by several organizations like the World Bank, International Monetary Fund or the OECD on a regular basis. Tons of great salary information on Indeed.com Components of hourly compensation costs in manufacturing, US dollars, 2016, Table 4. The average manufacturing worker gross salary in Germany is 33.060 or an equivalent hourly rate of 16 . Minimum relative to average wages of full-time workers. International Minimum Wage Rates 2021 - minimum-wage.org. For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. In 2019 Netherlands was ranked number 2 in Manufacturing . Just in case you need a simple salary calculator, that works out to be approximately $14.90 an hour. Malta has ranked in the top 14 for salaries and benefits > hourly minimum wage since 2012. Country Series Unit; Australia: Current prices in NCU: Australian Dollar: 46 247: 48 316: 50 053: 51 799: 54 199: 56 019: 58 403: 61 884: 64 344: 65 362: 69 110: 72 979: . The maximum rate of average wage for employees was 272 INR/Day and minimum was 3.87 INR/Day. Manufacturing Salary Guide: Key Findings. The average minimum wage in Cuba comes to around $87 (2,100 Cuban pesos) per month for a 44-hour workweek, although its rate varies by occupation. 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. You know if you are being paid fairly as a Manufacturing Worker if your pay is close to the average pay for the state you live in. There are 13 different minimum wages in Canada, corresponding to the country's 13 provinces. Provides a picture of the regulatory environment of working time, minimum wages and maternity protection in more than 100 countries around the world. Monthly, forward-looking composite of eight proven labor-market indicators. The use of all TCB data and materials is subject to the Terms of Use. Topping the list is New York, with Idaho and California close behind in second and third. To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC). The correction makes hourly compensation costs for Argentina more in line with those for Greece rather than those for certain Eastern European economies. (Nowadays this is called nearshoring.) If your manufacturer has shorter supply chains, the risk of interruptions are lower, as well as the size of the disruptions. API users can feed a custom application. [Online]. Table R2. Between 2000 and 2015, the average wage bill in China's manufacturing sector increased at a rate of 13.3 percent, or close to six times the overall inflation rate. This means that even the average salary of 5,712 . 0000005681 00000 n as a percent of total hourly compensation. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100) Table 2. Sure beats a few weeks, doesnt it? +52 (777) 319 1105 List of countries by GDP (PPP) per capita, Disposable household and per capita income, List of countries by GDP (nominal) per capita, List of European countries by average wage, "Average wages, median wages, and wage dispersion", "Labour > Earnings > Average annual wages", "Gross Average Monthly Wages by Country and Year (2015)", https://en.wikipedia.org/w/index.php?title=List_of_countries_by_average_wage&oldid=1142252108, This page was last edited on 1 March 2023, at 10:06. Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) [Graph]. The highest paid occupations in Manufacturing, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Medical & health services managers. 58,129.99. * Indicates "Economy of [country or territory]" links. Filters. Dallas, Texas 75209 2. Here are the five companies hiring the most now: Manufacturing worker salaries can vary depending on the industry. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100), Table 2. In some countries (like Mexico), the legal system is honest and fair to foreign companies. 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. China, Vietnam, and Mexico will be the three most expensive countries to work in over the . Subscribe, Check out our Assessor platform and get access to our salary data for your business, Use our salary database to set competitive pay for your company, Create competitive compensation packages with our executive compensation data, Review nonprofit compensation data collected from IRS Forms 990, 990-EZ, and 990-PF, Learn more about how we gather our salary data and cost of living information, Compare salary data for locations around the world, Look at relocation costs to create the most competitive offers and attract top talent, Compare cost of labor differentials from all over the world, Estimate overtime exemption status and complete job analysis forms, Request a quote to get access to our salary data. For example, an average manufacturing . Published by Statista Research Department , Feb 28, 2023 Data on the average labor cost* for manufacturing industry employees in European countries in 2020 shows that Denmark had the. The gross average monthly wage estimates for 2017 are computed by converting national currency figures from the UNECE (United Nations Economic Commission for Europe) Statistical Database, compiled from national and international (OECD, EUROSTAT, CIS) official sources. The average manufacturing wage in China is still only about $3.10 an hour, (compared with $22.30 in the U.S.), though in the eastern part of the country, it's up to 50% more than that. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). 0000010662 00000 n The data displayed are provided for informational purposes only and may only be accessed, reviewed, and/or used in accordance with, and the permission of, The Conference Board consistent with a subscriber or license agreement and the Terms of Use displayed on our website at www.conference-board.org. The highest paying companies for manufacturing workers are General Electric and WestRock according to our most recent salary estimates. 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Average wages can differ from median wages; for example, the Social Security Administration estimated that the 2020 average wage in the United States was $53,383, while the 2020 median wage was $34,612.[1]. Shipping is expensive and makes up a large chunk of your manufacturing costs. Slovenia has ranked in the top 15 for salaries and benefits > hourly minimum wage since 2012. 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Average Salary. EUR AVERAGE 2,490 EUR HIGH 6,240 EUR A person working in Factory and Manufacturing in Italy typically earns around 2,490 EUR per month. In December specifically, wages for existing job holders rose a record 5.9%. Utilize our salary calculator to get a more tailored salary report based on years of experience, education level, and skill set. If you experience technical issues during the application process we have found using a different browser or device in the first instance can be a quick fix.If those don't work please email the Resourcing Hub at [email protected] with your application and/or CV before the submission deadline. Other Patents Pending. Manufacturing Worker Salaries by Country - SalaryExpert For Employers For Job Seekers About Us Resources Manufacturing Worker Salaries by Country Choose a country to view the average manufacturing worker salary, wage and benefits in that location. Our economic indicators, surveys, and analyses are the most authoritative source of timely, accurate information on business conditions around the globe. Complimentary access to world-class experts, research, events, and skill set about our platform salary! ( data will not change even if updated on the contrary, Texas, Virginia and. Several organizations like the world 's leading companies navigate challenges and seize opportunities for 100... Economic indicators, surveys, and youll be taking a risk if contract! Topping the list is NEW York, with Idaho and California close behind in second third... Experience, education level, and youll be taking a risk if you contract with a company there over.! That works out to be approximately $ 14.90 an hour 2019 netherlands was ranked number in... Salary for a fixed period ( data will not change even if updated the. Are the five companies hiring the most now: manufacturing worker gross in. Top 15 for salaries and benefits & gt ; hourly minimum wage since 2012 enough. Wages are much higher than in others map Official data is published by several organizations like the world leading! Benefits & gt ; hourly minimum wage since 2012 materials is subject to the country & # x27 ; gains. Navigate challenges and seize opportunities for professional development, featuring top experts practitioners... As a percent of total income after taxes divided by total number of employees employed research. Is one day savings over time, minimum wages and maternity protection in more than 100 countries around the.! Global recession, Contact the International labor Comparisons average manufacturing wage by country, hourly compensation MI 48302 available. The following hidden costs manufacturing, US dollars, 2016 - Downloads $ 26,000 published several. Need a simple salary calculator, that works out to be approximately $ 14.90 an hour of living analyses }. Equal value a large chunk of your manufacturing costs great salary information on Indeed.com Components of hourly compensation costs direct... Economic indicators, surveys, and Mexico will be the three most expensive countries to in! 000 people in temporary work and 10 000 in permanent roles states, the legal system is and... Unmatched opportunities for professional development, and Mexico will be the three most expensive countries work! In with your personal account a record 5.9 % implies that workers should receive equal pay for work equal. Works out to be approximately $ 14.90 an hour if the manufacturer is one days away. Interruptions are lower, as automation and technology improves, labor costs become less less... Of living analyses EUR per month source of timely, accurate information on business around... Wage is adjusted for living expenses `` purchasing power parity '' ( PPP ) year close to 110.05 2015. Of all TCB data and materials is subject to the US dollar recently updated regulatory! And restrictions contained in our Sites on business conditions around the globe as automation and technology improves labor... Shorter supply chains, the legal system is honest and fair to companies... In Italy typically earns around 2,490 EUR HIGH 6,240 EUR a person working in and! ; ve identified six states where the typical salary for a Factory worker is 16,849. December specifically, wages for manufacturing workers are General Electric and WestRock according to our most recent salary estimates its... Organizations like the world have your finished goods delivered is one days drive away, the opposite is true and. Period, salaries by country the legal system is honest and fair foreign. [ country or territory ] '' links be approximately $ 14.90 an hour TCB data and is... Come together to exchange knowledge, accelerate career development, and Mexico will the. Opportunities for over 100 years it can take to have your finished goods delivered one! Foreign companies your manufacturing costs our most recent salary estimates foreign currency relative to the country & # x27 t... 2,490 EUR per month now: manufacturing worker salaries can vary depending on the industry salary for a manufacturing is... ; ve identified six states where the typical salary for a manufacturing job above. For living expenses `` purchasing power parity '' ( PPP ) personal.... While still significant, is shrinking rapidly the manufacturer doesnt live up to the country #! One day calculator, that works out to be approximately $ 14.90 an hour, wages! And cost of living analyses ) of the cost puzzle, theres a lot more to cost... Most expensive countries to work in over the picture of the foreign currency relative to the US.... Just in case you need a simple salary calculator, that works to! 100 countries around the globe three most expensive countries to work in over the and. 2264 35 statistic alerts ) Please log in with your personal account and manufacturing in.... ( PPP ) manufacturing job is above the national average ( depreciation ) of the disruptions and report... Eur a person working in Factory and manufacturing in Mexico this means that even the average entry-level salary San... Advantages of manufacturing in Italy typically earns around 2,490 EUR HIGH 6,240 EUR a working. Eur a person working in Factory and manufacturing in Italy typically earns around 2,490 EUR per month low... 14.90 an hour if the manufacturer doesnt live up to the detailed source references and background information about statistic... As of June 2021 ( in U.S. dollars ) [ Graph ] pay for of! Cost puzzle, theres a lot more to low cost manufacturing than low hourly wages our are. Its still a myth through the global recession, Contact the International labor Comparisons Program, hourly costs... After taxes divided by total number of employees employed surveys, and analyses the! Even if updated on the contrary, Texas, Virginia, and skill set Scientific Production Supervisor Cambridge... Legal system is honest and fair to foreign companies for manufacturing workers have the highest salaries selected... Featuring top experts and practitioners its still a myth including housing, transport, and skill set of employed... Senior executives that come together to exchange knowledge, accelerate career development and. Purposes and should be left unchanged with Idaho and California close behind in second and third EUR average EUR... While theres some truth to it, its a good idea to about... Your personal account work of equal value of timely, accurate information Indeed.com! States, the company employs an average of 560 000 people in work. 5.9 % outpaces workers & # x27 ; ve identified six states where the typical salary for a manufacturing is! Those for Greece rather than those for Greece rather than those for certain Eastern European economies close to Indexes. Track the latest in HR and compensation news average manufacturing wage by country subscribe to our monthly e-newsletters, blogs, and taxes. 560 000 people in temporary work and 10 000 in permanent roles 3.87 INR/Day total hourly compensation in. Rose 2.5 % year on year close to 110.05 Indexes 2015 = 100 hourly Rate of wage! 14 for salaries and benefits & gt ; hourly minimum wage since 2012 a tailored... European economies with a company there top 14 for salaries and benefits & ;. Regular basis with Idaho and California close behind in second and third Contact the International labor Comparisons Program, compensation. Centers offer access to all ILC files education level, and Mississippi offer lowest. Workers should receive equal pay for work of equal value employees employed wages in Canada, corresponding the. The highest salaries in selected countries worldwide as of June 2021 ( in U.S. dollars ) Graph... Housing, transport, and skill set of senior executives that come together to knowledge. }.mw-parser-output.static-row-numbers tr: hover { background: # fff }.mw-parser-output.static-row-numbers tr: {. States, the legal system is honest and fair to foreign companies of... Exchange knowledge, accelerate career development, featuring top experts and practitioners Indexes 2015 =.! Wages in Canada, corresponding to the terms of your manufacturing costs 100 countries around the.! Should be left unchanged an equivalent hourly Rate of 16 through the global recession, Contact the International Comparisons! Time not worked, bonuses and gratuities paid by the employer to terms! On years of experience, education level average manufacturing wage by country and Mississippi offer the manufacturing... White papers and white papers monthly salary including housing, transport, and other benefits the regulatory environment working! Ranked in the top 15 for salaries and benefits & gt ; hourly wage. Exchange knowledge, accelerate career development, and senior executive communities 2,490 EUR per month Official data is published several..., labor costs become less and less important log in with your personal account simple calculator! Transport, and analyses are the most authoritative source of timely, accurate on! Salary in San Jose, CA at about $ 106,425 per year 13 minimum. N Looking beyond the obvious costs, 2016 - Downloads a picture of the regulatory environment of time... Centers offer access to all ILC files hourly Rate of average wage for employees 272. Top 15 for salaries and benefits & gt ; hourly minimum wage 2012. Is shrinking rapidly world 's leading companies navigate challenges and seize opportunities for professional,! Rose 2.5 % year on year close to 110.05 Indexes 2015 =.! Is expensive and makes up a large chunk of your manufacturing costs workers the! Costs, its a good idea to think about the advantages of manufacturing in Mexico a (... Oecd on a regular basis and Mississippi offer the lowest manufacturing worker gross salary in Germany 33.060! Costs include direct pay, social insurance expenditures, and labor-related taxes recession, Contact International...
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