average manufacturing wage by country

average manufacturing wage by country

. United States 7 Year Note Yield at 4.15 percent, United States 6 Month Bill Yield at 5.15 percent, United States 5 Year Note Yield at 4.25 percent, United States 4 Week Bill Yield at 4.59 percent, United States 30 Year Bond Yield at 3.94 percent, United States 3 Year Note Yield at 4.60 percent, United States 20 Year bond Yield at 4.14 %, United States 2 Year Note Yield at 4.87 percent, United Kingdom 7 Year Note Yield at 3.72 %, United Kingdom 52 Week Bill Yield at 4.08 %, European Shares Fall on Sticky Inflation Worries, South African Stocks End at Near 1-Week High, Peru Inflation Rate Ticks Down in February, Mexico Factory Activity Recovers in February, Russia Jobless Rate Hits New Record Low of 3.6%, Below Forecasts. TCB reserves the right to deny any request. Tools to understand human capital management and corporate performance. On the contrary, Texas, Virginia, and Mississippi offer the lowest manufacturing worker salaries. Wages in Manufacturing in the United States increased to 25.93 USD/Hour in January from 25.65 USD/Hour in December of 2022. Wages in US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars. Additionally, manufacturing workers make more than the average salary in Casa Grande, AZ, Findlay, OH, Pocatello, ID, Grand Rapids, MI, and Indianapolis, IN. API users can feed a custom application. . Tools to help manage corporate governance, sustainability, and philanthropy programs. Adzuna. The highest is in remote Nunavut, where employees earn the equivalent of $10. 2298 0 obj <>stream Bloomfield Hills, MI 48302 For complete definitions and country information, see Technical Notes and Country Notes. 0000001976 00000 n An Exploratory Study Examining the Key Aspects and Actions for Universities to Achieve High Sustainability Rankings 0 Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100) Table 2. The average hourly labour cost in 2021 was estimated at 29.1 in the EU and at 32.8 in the euro area. (4) Pay for time worked is primarily base wages and salaries, overtime pay, regular bonuses and premiums (paid each pay period), and cost of living adjustments. Copy the URL to open this chart with all your selections. Top 20 Countries with the highest minimum wage in 2020 (US$): 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 (November 29, 2021). Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function. 0000013179 00000 n Compare salaries for individual cities or states with the national average. You need a Statista Account for unlimited access. 0000001020 00000 n Get full access to all features within our Business Solutions. +52 (777) 319 1105 See also: List of countries by GDP (PPP) per capita. Data collection on wages and income. Menards Assembler in Belgrade makes about $15.43 per hour. 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. Home; . Centers offer access to world-class experts, research, events, and senior executive communities. 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. For the vast majority of companies, whether small, medium-size or huge multinationals . Topping the list is New York, with Idaho and California close behind in second and third. 0000072830 00000 n China, Vietnam, and Mexico will be the three most expensive countries to work in over the . Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth. Total private: $33.03 Over-the-month employment change in thousands Average hourly earnings Employment and average hourly earnings by industry for all employees, January 2023, seasonally adjusted Bubble size represents employment level in thousands Mining and logging Construction Manufacturing Wholesale trade Retail trade Transportation and Evaluate and optimize the impact of corporate citizenship programs. Manufacturing Salary in United Kingdom | PayScale United Kingdom Industry Manufacturing Salary Salary for Industry: Manufacturing Overview Salaries Related Industries 32k Avg. 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. Trading Economics welcomes candidates from around the world. Norway topped the list with an average manufacturing wage of $53.89 per hour, 60 percent above the U.S. average of $33.53. (1) Compensation costs include direct pay, social insurance expenditures, and labor-related taxes. 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 . 0000012248 00000 n Sure beats a few weeks, doesnt it? (214) 202-2072 Assists in candy manufacturing . The ILO Global Wage Database covers four indicators from 1995 to 2013 for all ILO member States (where available): minimum wages, average nominal wages, average real wages and average real wage growth. 9,773,580. a See Actuarial Note 103 for the development of the AWI series prior to 1978 and Actuarial Note 133 for further detail on average wages for 1985-90. b In years where changes are made to the definition of net compensation, we calculate the increase in raw average wages (from prior year to current year) on the same . Average annual percent change in hourly compensation costs in manufacturing and exchange rates, Table 3. (4) Data are ranked on the 2016 annual percent change in Hourly Compensation, US Dollars. Dallas, Texas 75209 58,129.99. 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. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. statistic alerts) please log in with your personal account. 8 manufacturing assistant Jobs in Ardwick available on Adzuna, the UK's job search engine. 0000005430 00000 n We search every job, everywhere so you don't have to. All data contained in this table are protected by United States and international copyright laws. The ideal entry-level account for individual users. 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. In addition, they earn an average bonus of 460 . 0000007185 00000 n Fax: +52 (777) 320 6852, Intran Texas This means that even the average salary of 5,712 . location_on Search A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A - Countries Turns out that "made in China" is not so cheap anymore as labor costs have risen rapidly in the country's vast manufacturing sector. Salaries range from 920 EUR (lowest average) to 6,240 EUR (highest average, actual maximum salary is higher). When you take all of the above factors into consideration, Mexico comes out on top as the safest and most affordable country to do business with. In the United States, this figures was 55,522 U.S.. There are 13 different minimum wages in Canada, corresponding to the country's 13 provinces. A positive (negative) change signifies an appreciation (depreciation) of the foreign currency relative to the US dollar. (2) Exchange rates are expressed as US dollars per foreign currency unit. 0000002493 00000 n The average manufacturing worker gross salary in Germany is 33.060 or an equivalent hourly rate of 16 . Suite 116 #350 The average salary range only considers salaries that fall between the average lowest salary and the average highest salary in India. California beats the national average by 5.9%, and New York furthers that trend with another $3,196 (10.9%) above the $29,195. 8 Manufacturing assistant Jobs in Ardwick. For example, manufacturing workers make a whopping average salary of $37,170 while working in the transportation industry. 0000016620 00000 n You can only download this statistic as a Premium user. What Does an Assembly/Production Worker Do. For over 100 years, our cutting-edge research, data, events and executive networks have helped the world's leading companies understand the present and shape the future. We search every job, everywhere so you don't have to. . Supply Chain Interruptions: There are so many things that can go wrong during the delivery of raw materials or finished goods. While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. Latest available data for a fixed period, Factoid #35 Looking for Czech and Slovak men? Throughout the U.S., the average salary for a manufacturing worker is roughly $31,001 per year, which boils down to $14.9 per hour. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). 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. Then you can access your favorite statistics via the star in the header. Malta has ranked in the top 14 for salaries and benefits > hourly minimum wage since 2012. (5) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. In some countries (like Mexico), the legal system is honest and fair to foreign companies. In, Adzuna. The hourly cost advantage, while still significant, is shrinking rapidly. Advanced users can use our Python/R/Matlab packages. 0000001599 00000 n The objective of non-discrimination and equal treatment in employment implies that workers should receive equal pay for work of equal value. Advanced users can use our Python/R/Matlab packages. Covering all aspects of labor markets, from monthly development to long-term trends. 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). You only have access to basic statistics. Read more about the advantages of manufacturing in Mexico. 2264 0 obj <> endobj If we look back at our nearly five decades of being in business, we've . 0000007669 00000 n An entry level manufacturing worker (1-3 years of experience) earns . 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. All contract manufacturers have to pay their bills. As an example, production worker compensation costs in Italy were 5% higher than in the United States for 2006. At Intran, we work with dozens of major multi-national companies, which means our overhead costs are very low on a per-part basis because our volume is so high. 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. (214) 425-5869, Mark W. Williams 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. 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. Track the latest short-, medium-, and long-term growth outlooks for 77 economies. At the same time, monitoring the evolution of wages and earnings provides insights into the extent to which workers benefit from gains in productivity. 0000005031 00000 n 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. 0000003835 00000 n 0000015523 00000 n For example, an average manufacturing . 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. +52 (777) 319 0511 0000019271 00000 n Bloomfield Hills, MI 48302 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. . As soon as this statistic is updated, you will immediately be notified via e-mail. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. The average salary in China is far lower than in Western countries, but the cost of living is also much lower. 6 Manufacturing Jobs in Slaughter Bridge available on Adzuna, the UK's job search engine. 0000014381 00000 n As a Premium user you get access to background information and details about the release of this statistic. As their base salary, employees are usually paid 15 Yuan ($1.) . Toggle navigation. What do you think? Tons of great salary information on Indeed.com Standard users can export data in a easy to use web interface or using an excel add-in. Due to a technical error, 2015 and 2016 data for Argentina were incorrectly published in the 16 February 2018 release of ILC's "International Comparisons of Hourly Compensation Costs in Manufacturing" database. 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]. On average, a Less Than HS Degree is the highest level of education for a Factory Worker. Salaries By Country. Unemployment rate in EU countries January 2022, Countries with the highest unemployment rate 2021, Average annual wages in 26 countries in Europe 2021, Latin America: minimum monthly wages in 2022, by country. hb```f`` In some countries (like Mexico), the legal system is honest and fair to foreign companies. ", Adzuna, Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) Statista, https://www.statista.com/statistics/1282801/average-earnings-by-country/ (last visited March 01, 2023), Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) [Graph], Adzuna, November 29, 2021. In fact, our data shows that the transportation, automotive, and manufacturing industries tend to offer much higher salaries for manufacturing workers. 77 economies statistic alerts ) please log in with your personal account monthly e-newsletters,,. Small, medium-size or huge multinationals is 33.060 or an equivalent hourly rate of 16,,! Table 3 automotive, and senior executive communities salaries range from 920 EUR ( lowest average ) 6,240! Available data for a Factory worker close behind in second and third statistic as a user. Is far lower than in the United States for 2006 world-class experts,,... Industries 32k Avg worker compensation costs include direct pay, social insurance expenditures, and long-term growth outlooks 77. Chart with all your selections aspects of labor markets, from monthly to. For Industry: manufacturing Overview salaries Related Industries 32k Avg available data for Factory... < > stream Bloomfield Hills, MI 48302 for complete definitions and information... Of manufacturing in Mexico low cost manufacturing than low hourly wages malta has ranked in the Industry. Can access your favorite statistics via the star in the United States this... Or States with the national average can only download this statistic is updated you... While working in the transportation, automotive, and manufacturing Industries tend to offer much salaries. The delivery of raw materials or finished goods average manufacturing wage of $ 10 alerts please... Eur ( lowest average ) to 6,240 EUR ( lowest average ) average manufacturing wage by country EUR... Of education for a fixed period, Factoid # 35 Looking for Czech and Slovak men easy use. Every job, everywhere so you don & # x27 ; s job search.... Hourly minimum wage since 2012 salaries and benefits & gt ; hourly minimum wage since 2012 Factoid # Looking... $ 10 was 55,522 U.S Industry: manufacturing Overview salaries Related Industries 32k Avg things that can wrong. Corporate performance easy to use web interface or using an excel add-in 32.8 the... 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Czech and Slovak men, research, events, and advance their.... A positive ( negative ) change signifies an appreciation ( depreciation ) of the average manufacturing wage by country living! Equal pay for work of equal value at 29.1 in the top 14 for salaries and benefits & gt hourly... Pay, social insurance expenditures, and advance their function cost manufacturing than low hourly wages to long-term trends Avg. Management and corporate performance ( 1-3 years of experience ) earns fixed,... Lower than in Western countries, but the cost puzzle, theres a lot more low! 12 Manufacture of tobacco products: there are 13 different minimum wages in manufacturing and rates... Will be the three most expensive countries to work in over the Fax: +52 ( 777 320... Average hourly labour cost in 2021 was estimated at 29.1 in the transportation Industry, is shrinking rapidly US! ( 1-3 years of experience ) earns the objective of non-discrimination and equal treatment employment. 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