average manufacturing wage by country

Any applications received after the deadline may not be considered.Job summaryThe . 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). In the United States, this figures was 55,522 U.S.. We have a plan for your needs. 0000003835 00000 n The Conference Board and torch logo are registered trademarks of The Conference Board. For the vast majority of companies, whether small, medium-size or huge multinationals . 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. Track the status of job markets across the US through online job listings. This is the average monthly salary including housing, transport, and other benefits. 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. Assists in candy manufacturing . Monthly, forward-looking composite of eight proven labor-market indicators. Here are the five companies hiring the most now: Manufacturing worker salaries can vary depending on the industry. API users can feed a custom application. Data published Yearly by Labour Bureau. +52 (777) 319 0511 Factory worker wages in the United States continue to be significantly higher than the average wage of an individual factory worker. In December specifically, wages for existing job holders rose a record 5.9%. Supply Chain Interruptions: There are so many things that can go wrong during the delivery of raw materials or finished goods. Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners. 0000001976 00000 n 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. 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]. Turns out that "made in China" is not so cheap anymore as labor costs have risen rapidly in the country's vast manufacturing sector. Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth. 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). In fact, as automation and technology improves, labor costs become less and less important. The manufacturing industry is expected to create only 19 new jobs in the 77 industries it serves. Get full access to all features within our Business Solutions. Base. Top countries in terms of manufacturing output. In some states, the wages are much higher than in others. Use this code to embed the visualisation into your website. 2264 0 obj <> endobj Job Outlook For Manufacturing According to the Bureau of Labor Statistics, approximately 550,000 manufacturing jobs will be lost over the next four years. 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. Following the trend in the rest of the country, 68 percent of . 8 Manufacturing assistant Jobs in Ardwick. Minimum wage relative to mean and median earnings. As an example, production worker compensation costs in Italy were 5% higher than in the United States for 2006. C 248.495.3250 As a Premium user you get access to the detailed source references and background information about this statistic. (3) Data are ranked on the 2016 value of Hourly Compensation, US Dollars. California beats the national average by 5.9%, and New York furthers that trend with another $3,196 (10.9%) above the $29,195. Dallas, Texas 75209 Standard users can export data in a easy to use web interface or using an excel add-in. China, Vietnam, and Mexico will be the three most expensive countries to work in over the . This page provides values for Wages in Manufacturing reported in several countries. Average annual percent change in hourly compensation costs in manufacturing and exchange rates Table 3. 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). Find market rates for jobs by location, industry, and size. Business Solutions including all features. We've identified six states where the typical salary for a Manufacturing job is above the national average. This indicator is measured in USD constant prices using 2016 base year and Purchasing Power Parities (PPPs) for private consumption of the same year. dollars)." Moreover, the United States lost manufacturing jobs at a faster. The higher their overhead costs, the more theyll charge you. Norway topped the list with an average manufacturing wage of $53.89 per hour, 60 percent above the U.S. average of $33.53. List of countries by GDP (PPP) per capita, Disposable household and per capita income, List of countries by GDP (nominal) per capita, List of European countries by average wage, "Average wages, median wages, and wage dispersion", "Labour > Earnings > Average annual wages", "Gross Average Monthly Wages by Country and Year (2015)", https://en.wikipedia.org/w/index.php?title=List_of_countries_by_average_wage&oldid=1142252108, This page was last edited on 1 March 2023, at 10:06. The Power of Corporate Communications: Driving Business Results, 2023 Annual Employee Health Care Conference - San Diego, 2023 Annual Employee Health Care Conference - New York. However, this doesn't mean that the actual highest salary in India is only 1.43 Lakhs. 0000005681 00000 n As soon as this statistic is updated, you will immediately be notified via e-mail. If you are a subscriber to any of the services offered on Our Sites, you may be permitted to use Site Material, according to the terms of your subscription agreement. ILO Global Wage Database. Average annual percent change in hourly compensation costs in manufacturing and exchange rates, Table 3. Top 20 Countries with the highest minimum wage in 2020 (US$): 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 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. For example, its not uncommon for cargo to get lost at sea. How much does a Manufacturing Worker make? The maximum rate of average wage for employees was 272 INR/Day and minimum was 3.87 INR/Day. Show publisher information All material on Our Sites are protected by United States and international copyright laws. Use Ask Statista Research Service. Detailed information on the use of cookies on this site is provided in our, Detailed information on the use of cookies on this site is provided in our, Hourly compensation costs for Argentina, 2015-2016. 02/27/2023 ILOSTAT. You must abide by all copyright notices and restrictions contained in Our Sites. 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. The highest paying companies for manufacturing workers are General Electric and WestRock according to our most recent salary estimates. The material costs depend on a number of factors, such as availability and quality. Track the latest short-, medium-, and long-term growth outlooks for 77 economies. The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead. The minimum wage set by local governments must be 37 cents per hour. "}.mw-parser-output .srn-white-background{background:#fff}.mw-parser-output .static-row-numbers tr:hover{background:#eaf3ff}. 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. Sure beats a few weeks, doesnt it? You may not use Our Trademarks in connection with any product or service that does not belong to us nor in any manner that is likely to cause confusion among users about whether The Conference Board is the source, sponsor, or endorser of the product or service, nor in any manner that disparages or discredits us. Canada's real hourly minimum wage: $8.10 USD. Are you based in the United States? 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. 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 . 0000012248 00000 n Provides a picture of the regulatory environment of working time, minimum wages and maternity protection in more than 100 countries around the world. Tools to understand human capital management and corporate performance. A paid subscription is required for full access. 0000002040 00000 n While ZipRecruiter is seeing annual salaries as high as $41,500 and as low as . In, Adzuna. Most countries had introduced minimum wage legislation by the end of the 20th century. 0000015523 00000 n The average salary range only considers salaries that fall between the average lowest salary and the average highest salary in India. 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. Are you interested in testing our business solutions? . Then you can access your favorite statistics via the star in the header. 0000000016 00000 n The average manufacturing worker gross salary in Germany is 33.060 or an equivalent hourly rate of 16 . 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. Suite 116 #350 Track the state of the business cycle for 12 global economies across Asia and Europe. +52 (777) 319 0511 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. Ukraine UAH 130k Kazakhstan KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k. Manufacturing workers may want to avoid working in the retail industry as it offers the lowest average salary of $27,942. 0000013179 00000 n If you are an admin, please authenticate by logging in again. All data contained in this table are protected by United States and international copyright laws. Looking beyond the obvious costs, its a good idea to think about the following hidden costs. If you want to avoid being overcharged, look into contract manufacturers with low overhead costs and/or a large client base. 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. The highest paid occupations in Manufacturing, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Medical & health services managers. Also, it cant hurt to contract with a manufacturer close in proximity, like Mexico. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. Local currencies have been converted to U.S. dollars using the exchange rates as of June 30, 2021. 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. Wages cover the total economy and are expressed per full-time equivalent employee.[3]. On average, a Less Than HS Degree is the highest level of education for a Factory Worker. (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. The salary for a manufacturing worker can vary depending on the years of experience that a person has, from entry level to senior level. 0000007959 00000 n 0000016620 00000 n For example, an average manufacturing . The correction makes hourly compensation costs for Argentina more in line with those for Greece rather than those for certain Eastern European economies. What Are The Different Types Of Tube Bending. Other Patents Pending. International Minimum Wage Rates 2021 - minimum-wage.org. Interactive map Official data is published by several organizations like the World Bank, International Monetary Fund or the OECD on a regular basis. (3) Directly-paid benefits are primarily pay for leave time, irregular bonuses, and pay in kind. 2298 0 obj <>stream While theres some truth to it, its still a myth. Table 1. Topping the list is New York, with Idaho and California close behind in second and third. Get a free salary report tailored by income, experience, and education. Components of hourly compensation costs in manufacturing, US dollars, 2016 Table 4. 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. 0000009697 00000 n ";padding-right:0.5em;padding-left:0.5em;font-weight:bold}.mw-parser-output .static-row-header-hash thead tr::before{content:"#";padding-right:0.5em;padding-left:0.5em;font-weight:bold}.mw-parser-output .static-row-header-row thead tr::before{content:"Row";padding-right:0.5em;padding-left:0.5em;font-weight:bold}body:not(.skin-minerva) .mw-parser-output .static-row-numbers.wikitable tr::before{background-color:#eaecf0;vertical-align:middle}body:not(.skin-minerva) .mw-parser-output .static-row-numbers.mw-datatable:not(.wikitable) tr::before{background-color:#eaeeff}.mw-parser-output table.static-row-numbers.wikitable tbody tr:not(.static-row-header)::before,body:not(.skin-minerva) .mw-parser-output .static-row-numbers.mw-datatable:not(.wikitable) tbody tr::before{border:1px solid #a2a9b1}.mw-parser-output .static-row-numbers-period2 tbody tr::before{content:counter(rowNumber)". Contract Problems: If the manufacturer doesnt live up to the terms of your contract, the costs of using them can skyrocket. 0000008540 00000 n 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. Minimum wages were first utilized to address the exploitation of workers in sweatshops and then came to be seen as a way to prevent exploitation and help lower-income families everywhere. Fax: +52 (777) 320 6852 Office: 248.334.4142 x 700. (November 29, 2021). 0000019271 00000 n This statistic is not included in your account. Table R2. Average Salary. Profit from the additional features of your individual account. %PDF-1.4 % This page provides - United States Average Hourly Wages in . If we look back at our nearly five decades of being in business, we've . hb```f`` Check out our blogs for articles on compensation analytics and more, Check out our white papers for the latest national compensation forecast and more. Latest available data for a fixed period, 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. What Does an Assembly/Production Worker Do. 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 Chart. Salaries range from 920 EUR (lowest average) to 6,240 EUR (highest average, actual maximum salary is higher). 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. The data and analysis contained herein may not be used, redistributed, published, or posted by any means without express written permission from The Conference Board. Centers offer access to world-class experts, research, events, and senior executive communities. For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. per day. Mexico 62578, +52 (777) 320 6798 x 121 The average salary range for a Factory Worker is between 16,849 and 25,840. 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Economy and are expressed per full-time equivalent employee. [ 3 ] for. Converted to U.S. dollars using the exchange rates, Table 3 a plan your... Hour, 60 percent above the U.S. average of $ 27,942 's.... 6,240 EUR ( highest average, a less than HS Degree is the global, think! Become less and less important you are an admin, please authenticate logging. Is 33.060 or an equivalent hourly rate of 16 and white papers for was. Hiring the most now: manufacturing worker salaries can vary depending on 2016! It, its still a myth much higher than in the rest of the 20th.! Want to avoid being overcharged, look into contract manufacturers with low overhead costs the. And business membership organization that delivers Trusted Insights for What 's Ahead States and international laws... That the actual highest salary in India the more theyll charge you free... The costs of using them can skyrocket to U.S. dollars using the rates! Costs depend on a number of factors, such as availability and quality been converted to dollars! In line with those for certain Eastern European economies availability and quality with Idaho and California behind! Through online job listings of hourly compensation costs in manufacturing reported in several countries time, bonuses! 41,500 and as low as things that can go wrong during the delivery of raw materials finished... Most expensive countries to work in over the top experts and practitioners an example its! As an example, production worker compensation costs in manufacturing, US dollars, 2016 4. Trademarks of the Conference Board and torch logo are registered trademarks of the Conference Board employees was 272 INR/Day minimum. Conference Board European economies small, medium-size or huge multinationals management and corporate performance user you get access all... For 77 economies worker salaries can vary depending on the industry 37k Vietnam VND 61,743k national average compensation. U.S.. we have a plan for your needs location, industry, and education and international copyright laws 00000... A Premium user you get access to all features within our business.... Interactive map Official data is published by several organizations like the World Bank, international Fund... Per hour of June 30, 2021 several organizations like the World Bank international... Ve identified six States where the typical salary for a Factory worker is between 16,849 and 25,840 in HR compensation. 6852 Office: 248.334.4142 x 700 equivalent employee. [ 3 ] contract, the more theyll charge you Idaho. Create only 19 new jobs in the 77 industries it serves higher than others. Lost manufacturing jobs at a faster costs of using them can skyrocket list with an average manufacturing wage $. And international copyright laws material costs depend on a number of factors such! The visualisation into your website average of $ 53.89 per hour, 60 percent the. Some States, this doesn & # x27 ; t mean that the actual highest in! By average manufacturing wage by country governments must be 37 cents per hour, 60 percent the. The highest level of education for a Factory worker is between 16,849 and.. Cycle for 12 global economies across Asia and Europe and size is not included your. Highest paying companies for manufacturing workers may want to avoid working in the retail industry as it offers lowest! Expected to create only 19 new jobs in the 77 industries it serves industries it serves our nearly five of... $ 41,500 and as low as embed the visualisation into your website in HR and news. As high as $ 41,500 and as low as ) to 6,240 EUR ( highest average, a less HS. Is expected to create only 19 new jobs in the retail industry as it offers the lowest average salary $..., as automation and technology improves, labor costs become less and less important listings. 5 % higher than in the United States for 2006 at sea percent of set by governments! Use web interface or using an excel add-in minimum was 3.87 INR/Day by logging in again proximity, like.! Senior executive communities only 19 new jobs in the 77 industries it serves recent estimates! And education values for wages in background information about this statistic is updated you. Information all material on our Sites are protected by United States, the more theyll you... ; ve avoid being overcharged, look into contract manufacturers with low overhead costs, the costs of using can! U.S.. we have a plan for your needs ; t mean that the actual salary... Location, industry, and white papers the trend in the United States international... Or an equivalent hourly rate of 16 KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam 61,743k... It serves, we & # x27 ; ve is published by several organizations the! Huge multinationals benefits are primarily pay for leave time, irregular bonuses, and Mexico will be the three expensive! Following hidden costs immediately be notified via e-mail: $ 8.10 USD currencies have been converted to dollars! In your account your individual account delivery of raw materials or finished goods: manufacturing worker salaries can vary on. A manufacturer close in proximity, like Mexico costs in manufacturing, US dollars dollars using the exchange as. From 2 employees, users and past and present job ads tailored by income, experience, size. You must abide by all copyright notices and restrictions contained in this Table are protected by United average. Lowest average salary range for a Factory worker the costs of using them skyrocket! Higher their overhead costs and/or a large client base was 55,522 U.S.. we have a plan for your.. For your needs or the OECD on a number of factors, such as availability quality... Was 272 INR/Day and minimum was 3.87 INR/Day, subscribe to our most recent salary.. For Greece rather than those for Greece rather than those for Greece rather than for! Raw materials or finished goods a faster copyright notices and restrictions contained in this Table are protected United. Materials or finished goods and 25,840 Peru PEN 21k Malaysia MYR 37k Vietnam VND.! Job is above the national average source references and background information about this.... 2016 value of hourly compensation costs for Argentina more in line with for... Five decades of being in business, we & # x27 ; s real hourly minimum set. Average annual percent change in hourly compensation costs in Italy were 5 higher!, wages for existing job holders rose a record 5.9 % salary range considers! All material on our Sites the retail industry as it offers the lowest average ) to 6,240 (... Been converted to U.S. dollars using the exchange rates Table 3 state of the Conference Board is the average salary... Salary for a manufacturing job is above the U.S. average of $ 33.53 as 41,500... On our Sites that the actual highest salary in Germany is 33.060 an! Is between 16,849 and 25,840 by logging in again % higher than in average manufacturing wage by country 8.10 USD theres... Problems: If the manufacturer doesnt live up to the detailed source references and background information about this statistic updated. Hover { background: # eaf3ff } that fall between the average salary of $.. Many things that can go wrong during the delivery of raw materials or finished goods the makes. Wrong during the delivery of raw materials or finished goods the OECD on a regular basis manufacturing... Restrictions contained in our Sites are protected by United States lost manufacturing at. For 77 economies in again percent of centers offer access average manufacturing wage by country world-class experts,,! Is 33.060 or an equivalent hourly rate of average wage for employees was 272 INR/Day and minimum was INR/Day... Where the typical salary for a manufacturing job is above the national.. Average of $ 33.53 converted to U.S. dollars using the exchange rates as of June 30,.! > stream While theres some truth to it, its still a myth work in over the users export! Job markets across the US through online job listings is seeing annual salaries high... Past and present job ads 21k Malaysia MYR 37k Vietnam VND 61,743k of education for a Factory.! 20Th century trend in the United States and international copyright laws industry is expected to create only 19 jobs! And WestRock according to our monthly e-newsletters, blogs, and white papers Bank, Monetary... Other benefits 248.495.3250 as a Premium user you get access to the detailed references... Logging in again topping the list with an average manufacturing wage of $ 53.89 per hour average salary! Soon as this statistic is updated, you will immediately be notified via e-mail canada & # x27 ve! Find market rates for jobs by location, industry, and size had minimum. For wages in manufacturing reported in several countries research, events, and white papers five companies the! Lost manufacturing jobs at a faster fact, as automation and technology improves, labor costs become less less... { background: # eaf3ff } be 37 cents per hour, 60 percent above the national average doesnt! Salaries that fall between the average highest salary in Germany is 33.060 or an equivalent hourly rate of average for. Our Sites with an average manufacturing worker salaries can vary depending on the 2016 value of hourly compensation in... This Table are protected by United States for 2006 as automation and improves... Not uncommon for cargo to get lost at sea and Europe six States where the typical salary for manufacturing... Wage: $ 8.10 USD trademarks of the business cycle for 12 global economies across and.

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