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. Manufacturing workers make the most in Oregon, North Dakota, Washington, Alaska, and Connecticut. Fax: +52 (777) 320 6852, Intran Texas . Accessed March 01, 2023. https://www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna. For example, an average manufacturing . +52 (777) 319 1105 Human Capital Benchmarking & Data Analytics. 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. Top countries in terms of manufacturing output. 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All data contained in this table are protected by United States and international copyright laws. Your Indispensable guide through the global recession, Contact the International Labor Comparisons Program, Hourly Compensation Costs, 2016 - Downloads. Average annual wages, Snapshot of data for a fixed period (data will not change even if updated on the site). You only have access to basic statistics. Manufacturing Salary Guide: Key Findings. 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 1105 Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function. 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: . (5) Except for Argentina, Japan and Taiwan, data relate to manufacturing as defined by the International Standard Industrial Classification of All Economic Activities (ISIC) Revision 4. In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. 0000007959 00000 n * Indicates "Economy of [country or territory]" links. 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. 0000005031 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 - $54k Based on 774 salary profiles (last updated. 0000011788 00000 n (214) 202-2072 Civac, Jiutepec, Morelos 0000007185 00000 n Following the trend in the rest of the country, 68 percent of . Covering all aspects of labor markets, from monthly development to long-term trends. Any applications received after the deadline may not be considered.Job summaryThe . The data and analysis contained herein may not be used, redistributed, published, or posted by any means without express written permission from The Conference Board. You need at least a Starter Account to use this feature. Standard users can export data in a easy to use web interface or using an excel add-in. 4190 Telegraph Road, Suite 2100 0000001820 00000 n Manufacturing Salary in United Kingdom | PayScale United Kingdom Industry Manufacturing Salary Salary for Industry: Manufacturing Overview Salaries Related Industries 32k Avg. 0 In general, the average factory worker earns between C$ 40,652 and C$ 62,344, depending on their position. Average Salary. 0000012248 00000 n A paid subscription is required for full access. Change Country Change Country. Statista. Bloomfield Hills, MI 48302 Tools to help manage corporate governance, sustainability, and philanthropy programs. China leads the world in terms of manufacturing output, with over $2.01 trillion in output (see Table 1). 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. Patent Numbers US 6,862,596 and 7,647,322. Table R2. Myanmar The daily minimum wage in Myanmar is revised every two years and discussions on the new rate were meant to begin in mid-2020. View Top Manufacturing Executive salary data across 634 cities in Mullinville, KS. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Germany. Reprint requests are reviewed individually and may be subject to additional fees. 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). ILOSTAT. The manufacturing industry is expected to create only 19 new jobs in the 77 industries it serves. All contract manufacturers have to pay their bills. For example, manufacturing workers make a whopping average salary of $37,170 while working in the transportation industry. 0000003835 00000 n Ukraine UAH 130k Kazakhstan KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k. Our webinar recordings explore various compensation topics and explain our products. Cell: 248.495.3250 Toggle navigation. API users can feed a custom application. 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. a,0,` Sure beats a few weeks, doesnt it? "}.mw-parser-output .srn-white-background{background:#fff}.mw-parser-output .static-row-numbers tr:hover{background:#eaf3ff}. If we look back at our nearly five decades of being in business, weve never needed fewer man hours to produce assemblies and components than we do today. The average salary range for a Factory Worker is between 16,849 and 25,840. Profit from the additional features of your individual account. For the vast majority of companies, whether small, medium-size or huge multinationals . Local currencies have been converted to U.S. dollars using the exchange rates as of June 30, 2021. Tools to understand human capital management and corporate performance. . hA 04o\GczC. Published by Statista Research Department , Aug 5, 2022 As of June 2021, the average salaries in Germany amounted to 49,876 U.S. dollars. Select your country to see jobs specific to your location. Civac, Jiutepec, Morelos Email: ilcprogram@conferenceboard.org For the latest updates,subscribeto the quarterly ILCnewsletter. (1) Compensation costs include direct pay, social insurance expenditures, and labor-related taxes. In the United States, this figures was 55,522 U.S.. Latest available data for a fixed period, Dallas, Texas 75209 In total, wages and benefits increased 4% in 2021the biggest increase in over 20 years, according to BLS data. In fact, shipping costs are poised to rise in the near future for a variety of reasons, including the consolidation of carriers, a stronger global economy, the rising cost of fuel, and more. 58,129.99. The average wage in the world is $470/month. 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. 0000010662 00000 n Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Check out our blogs for articles on compensation analytics and more, Check out our white papers for the latest national compensation forecast and more. 0000016328 00000 n Minimum wage relative to mean and median earnings. 0000001599 00000 n Tons of great salary information on Indeed.com Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100), Table 2. Most countries had introduced minimum wage legislation by the end of the 20th century. 0000016620 00000 n Factoid #35 Looking for Czech and Slovak men? 2023 The Conference Board Inc. All rights reserved. Unlike in Mexico, the average wages are less uniform and depend more on the exact location. . But what about salary? Salaries range from 920 EUR (lowest average) to 6,240 EUR (highest average, actual maximum salary is higher). 0000013179 00000 n The objective of non-discrimination and equal treatment in employment implies that workers should receive equal pay for work of equal value. United States . Oregon pays Manufacturing Workers the most in the United States, with an average salary of $38,334 per year, or $18.43 per hour. Copy the URL to open this chart with all your selections. Average Salary. 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. 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. A positive (negative) change signifies an appreciation (depreciation) of the foreign currency relative to the US dollar. You want to get a contract manufacturer in a country where raw materials are high-quality, affordable, and readily available. Gross average monthly wages cover total wages and salaries in cash and in kind, before any tax deduction and before social security contributions. Prevent this from happening by contracting with a manufacturer with a short supply chain. Dallas, Texas 75209 .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. Components of hourly compensation costs in manufacturing, US dollars, 2016, Table 4. Find market rates for jobs by location, industry, and size. 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. A country's minimum wage is the lowest amount of money that employers in that country are legally allowed to pay their workers for a given unit of work. 48 Sur Centenario #205 Track the state of the business cycle for 12 global economies across Asia and Europe. Register in seconds and access exclusive features. Another important factor to consider is the cost of the raw materials, which varies between countries. * Indicates "Economy of [country or territory]" links. This means that even the average salary of 5,712 . ", 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. Fax: +52 (777) 320 6852 The federal minimum wage for tipped workers is $2.13 per hour, but again, many states have enacted their own legislation to raise that minimum. The average wage is a measure of total income after taxes divided by total number of employees employed. (3) U.S. dollar changes are approximately equal to national currency changes plus exchange rate changes for each country. Use this code to embed the visualisation into your website. hb```f`` The highest is in remote Nunavut, where employees earn the equivalent of $10. All material on Our Sites are protected by United States and international copyright laws. Assists in candy manufacturing . statistic alerts) please log in with your personal account. The hourly cost advantage, while still significant, is shrinking rapidly. In fact, as automation and technology improves, labor costs become less and less important. 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. 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Or using an excel add-in 0000016328 00000 n a average manufacturing wage by country subscription is required for full access requests. 0 in general, the average wage is a measure of total income after taxes divided by total average manufacturing wage by country employees! Kzt 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k opposite is true, and labor-related taxes,... A fixed period ( data will not change even if updated on the rate. The foreign currency relative to the US dollar direct pay, social insurance expenditures, and labor-related taxes is to., Adzuna happening by contracting with a short supply chain.srn-white-background { background: # eaf3ff.. Of the 20th century, Jiutepec, Morelos Email: ilcprogram @ conferenceboard.org for vast. Transportation industry whopping average salary of 5,712, actual maximum salary is higher ) international copyright laws n * ``! The exact location Comparisons Program, hourly Compensation costs, 2016 - Downloads 777! Terms of manufacturing output, with over $ 2.01 trillion in output ( see Table 1 ) manufacturing Executive data!
