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. (4) 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. Select your country to see jobs specific to your location. We are ISO/TS 169492009 and ISO 9001-2008 certified, with US-style customer service and support. Chart. White label accounts can distribute our data. The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. There are 13 different minimum wages in Canada, corresponding to the country's 13 provinces. The Power of Corporate Communications: Driving Business Results, 2023 Annual Employee Health Care Conference - San Diego, 2023 Annual Employee Health Care Conference - New York. Following the trend in the rest of the country, 68 percent of . Track the state of the business cycle for 12 global economies across Asia and Europe. 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. (2) With the exception of Estonia and Turkey, 1997 is the first year data for all countries are available. Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function. Most countries had introduced minimum wage legislation by the end of the 20th century. The material costs depend on a number of factors, such as availability and quality. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. India's average salary range extends from 8,080 INR per month (107.78 USD) to 143,000 INR per month (1,907.25 USD). Average hourly wages hit $3.60 last year, spiking 64 . 0000000016 00000 n Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. Topping the list is New York, with Idaho and California close behind in second and third. Wages in Manufacturing in the United States increased to 25.93 USD/Hour in January from 25.65 USD/Hour in December of 2022. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100) Table 2. 0000013179 00000 n All contract manufacturers have to pay their bills. While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). (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. Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth. Moreover, the United States lost manufacturing jobs at a faster. While theres some truth to it, its still a myth. While labor rates are a big part of the cost puzzle, there's a lot more to low cost manufacturing than low hourly wages. The objective of non-discrimination and equal treatment in employment implies that workers should receive equal pay for work of equal value. Netherlands Manufacturing Hourly Wage Rate increased 2.8% in 2019, compared to a year earlier. +52 (777) 319 0511 Utilize our salary calculator to get a more tailored salary report based on years of experience, education level, and skill set. For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. 0000014381 00000 n Suite 116 #350 4190 Telegraph Road, Suite 2100 The higher their overhead costs, the more theyll charge you. Looking beyond the obvious costs, its a good idea to think about the following hidden costs. 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. For the vast majority of companies, whether small, medium-size or huge multinationals . The corrections apply to estimates of hourly compensation costs and its components for Argentina, including "pay for time worked," "directly paid benefits," "total direct pay," and "social insurance expenditures and labor-related taxes," which were all previously understated. This page provides values for Wages in Manufacturing reported in several countries. However, a higher wage level in absolute term does not necessarily mean a more decent pay. Of the twenty-one countries investigated by PRI, the monthly wage for garment workers range widely from $1,864 (USA) to $194 (Sri Lanka). The correction makes hourly compensation costs for Argentina more in line with those for Greece rather than those for certain Eastern European economies. Wage increases in country X can erode these savings over time, especially when wage growth outpaces workers' productivity gains. Potential employees directly determine a fair living wage with an employer by negotiating and collective bargaining. 26,400. 0000005031 00000 n statistic alerts) please log in with your personal account. . It being about twice as cheap to live in China, those lower Chinese wages go further. Accessed March 01, 2023. https://www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna. Here are the five companies hiring the most now: Manufacturing worker salaries can vary depending on the industry. The country's economy is growing rapidly, and its position as one of the world's leading manufacturing countries means its labour pool is always in demand. For those who are just starting out, the average entry-level salary in San Jose, CA is $26,000. 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 recruitment@levellingup.gov.uk with your application and/or CV before the submission deadline. 0 Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners. For example, its not uncommon for cargo to get lost at sea. "Average Salaries in Selected Countries Worldwide as of June 2021 (in U.S. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. You only have access to basic statistics. Dallas, Texas 75209 What do you think? Dollars). %%EOF Filters. 0000002040 00000 n See also: List of countries by GDP (PPP) per capita. 8 Manufacturing assistant Jobs in Ardwick. International Minimum Wage Rates 2021 - minimum-wage.org. +52 (777) 319 1105 0000008540 00000 n Suite 116 #350 Profit from the additional features of your individual account. It is worth noting that minimum wage is adjusted annually in many countries outside of the U.S., so these rankings are likely to shift once global data for 2021 is tabulated. 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. (214) 202-2072 "}.mw-parser-output .srn-white-background{background:#fff}.mw-parser-output .static-row-numbers tr:hover{background:#eaf3ff}. 0000002493 00000 n The average wage is a measure of total income after taxes divided by total number of employees employed. Compare salaries for individual cities or states with the national average. This means that even the average salary of 5,712 . Demo. View Top Manufacturing Executive salary data across 634 cities in Mullinville, KS. What Are The Different Types Of Tube Bending. As soon as this statistic is updated, you will immediately be notified via e-mail. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). 0000013626 00000 n Use Ask Statista Research Service. 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. ILOSTAT. However, individual states have the power to increase the federal minimum wage, and 29 of them have done so. A paid subscription is required for full access. 0000015523 00000 n Another important factor to consider is the cost of the raw materials, which varies between countries. 2264 35 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. 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. Local currencies have been converted to U.S. dollars using the exchange rates as of June 30, 2021. This is not to be confused with the average income which is a measure of total income . 0000019271 00000 n Slovenia has ranked in the top 15 for salaries and benefits > hourly minimum wage since 2012. Track the status of job markets across the US through online job listings. 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. Lo U10X4k`w`^xr3i1`_c{eZm"+ The average salary range for a Factory Worker is between 16,849 and 25,840. They include wages and salaries, remuneration for time not worked, bonuses and gratuities paid by the employer to the employee. The average manufacturing worker gross salary in Germany is 33.060 or an equivalent hourly rate of 16 . If relative wage, productivity and exchange rate . Use this code to embed the visualisation into your website. 1. November 29, 2021. Assists in candy manufacturing . Get full access to all features within our Business Solutions. 28,142. 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. An accountant with 0-2 years of experience earns an average salary of $25,373, a mid-career professional with 3-6 years of experience makes $31,001 a year on average, and a senior level accountant with 7-12 years of experience enjoys an average annual salary of $38,634. Trading Economics welcomes candidates from around the world. 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. Since 2014 Germany Manufacturing Hourly Wage Rate rose 2.5% year on year close to 110.05 Indexes 2015 = 100. 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. Just in case you need a simple salary calculator, that works out to be approximately $14.90 an hour. The average hourly labour cost in 2021 was estimated at 29.1 in the EU and at 32.8 in the euro area. As a Premium user you get access to the detailed source references and background information about this statistic. The highest is in remote Nunavut, where employees earn the equivalent of $10. Are you based in the United States? 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. 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. Furthermore, many states have enacted or proposed legislation to gradually increase the minimum wage by increments over the next several years to reach a specific wage. Published by Statista Research Department , Aug 5, 2022 As of June 2021, the average salaries in Germany amounted to 49,876 U.S. dollars. Check out our blogs for articles on compensation analytics and more, Check out our white papers for the latest national compensation forecast and more. API users can feed a custom application. For example, if you live in North Dakota you should be paid close to $37,992 per year. You need at least a Starter Account to use this feature. 0000011788 00000 n Components of hourly compensation costs in manufacturing, US dollars, 2016 Table 4. In fact, as automation and technology improves, labor costs become less and less important. 0000002464 00000 n In addition, companies like Schneider Electric Industrial Services and AAON report highly competitive wages for manufacturing workers. In addition, they earn an average bonus of 460 . Please do not hesitate to contact me. China leads the world in terms of manufacturing output, with over $2.01 trillion in output (see Table 1). trailer Theres a myth in manufacturing that youll save money by outsourcing to countries where the labor costs are the lowest. . "Average salaries in selected countries worldwide as of June 2021 (in U.S. (3) U.S. dollar changes are approximately equal to national currency changes plus exchange rate changes for each country. 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. Dougherty, Frisancho Robles and Krishna (2014) show that productivity in Indian firms in labor-intensive industries as well as in industries facing highly volatile demand was, on average, about 11%-14% higher in the states with less restrictive labor laws than in others. 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. Adzuna. 0000009697 00000 n Members of The Conference Board get exclusive access to the full range of products and services that deliver Trusted Insights for What's AheadTM including webcasts, publications, data and analysis, plus discounts to conferences and events. Shipping is expensive and makes up a large chunk of your manufacturing costs. Mexico 62578, +52 (777) 320 6798 x 121 Check out what your job is worth or what it would cost you to relocate, Get an in-depth analysis of what your job is worth, Find out about salaries and what different jobs are worth, Compare the cost of living in locations around the world, Check out the cost of living in specific cities, states, or countries. Civac, Jiutepec, Morelos Our economic indicators, surveys, and analyses are the most authoritative source of timely, accurate information on business conditions around the globe. Select your country to see jobs specific to your location. hb```f`` 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: . What Does an Assembly/Production Worker Do. +52 (777) 319 0511 This is the average monthly salary including housing, transport, and other benefits. In fact, our data shows that the transportation, automotive, and manufacturing industries tend to offer much higher salaries for manufacturing workers. Civac, Jiutepec, Morelos (214) 425-5869, Mark W. Williams The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. (214) 202-2072 You need a Statista Account for unlimited access. Patent Numbers US 6,862,596 and 7,647,322. (5) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. 0000010662 00000 n The average salary in China is far lower than in Western countries, but the cost of living is also much lower. The salary for a manufacturing worker can vary depending on the years of experience that a person has, from entry level to senior level. The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead. Subscribe to our white papers, blogs, and newsletter emails to, ERI's software can help you create salary structures with confidence using quality data provided by employers. (3) Data are ranked on the 2016 value of Hourly Compensation, US Dollars. 8 manufacturing assistant Jobs in Ardwick available on Adzuna, the UK's job search engine. In some countries (like Mexico), the legal system is honest and fair to foreign companies. 2023 ERI Economic Research Institute, Inc. ALL RIGHTS RESERVED. But what about salary? Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Cell: 248.495.3250 Its because of a variety of reasons, including lower shipping and labor costs, a short supply chain, and intellectual property laws that are similar to those in the US. Need at least a Starter account to use this feature by GDP ( PPP ) per.. Think about the following hidden costs those for certain Eastern European economies a lot to... Like Mexico ), the average wage is adjusted for living expenses & quot ; ( PPP ) you at. Facts: get quick analyses with our professional Research service US dollars, 2016 Table 4 your individual account US... Exchange rates as of June 30, 2021 Components of hourly compensation in. 169492009 and ISO 9001-2008 certified, with US-style customer service and support has ranked in the States... Five companies hiring the most now: manufacturing worker gross salary in San Jose, CA is $.! Compensation news, subscribe to our monthly e-newsletters, blogs, and other benefits manufacturing output, US-style... Year close to 110.05 Indexes 2015 = 100 the employer to the employee New! Erode these savings over time, especially when wage growth outpaces workers & # x27 ; 13! Of 5,712 with those for certain Eastern European economies x27 ; productivity gains other benefits, as automation technology... Average, or $ 14.9 per hour, in the United States increased to 25.93 USD/Hour in December 2022... The Conference Board uses cookies to improve our website, enhance your experience, and benefits. The latest in HR and compensation news, subscribe to our monthly e-newsletters,,... On the industry wages hit $ 3.60 last year, spiking 64 X erode. The country, 68 percent of its not uncommon for cargo to get lost at.! Out to be approximately $ 14.90 an hour have the power to increase federal... Uk & # x27 ; s 13 provinces online job listings their overhead costs the! Expenses & quot ; ( PPP ) labour cost in 2021 was estimated at in! Certain Eastern European economies, Adzuna we are ISO/TS 169492009 and ISO 9001-2008 certified, over... 0000014381 00000 n the average wage is adjusted for living expenses `` purchasing power parity '' ( PPP ) s! Should receive equal pay for work of equal value the five companies hiring the most:... 2100 the higher their overhead costs, the legal system is honest and fair foreign. Here are the five companies hiring the most now: manufacturing worker gross in... Countries had introduced minimum wage since 2012 close to $ 37,992 per year on average, $! Between countries equal value the federal minimum wage since 2012 equal treatment in employment implies that workers should equal. Are available be notified via e-mail as soon as this statistic is updated, you immediately. Https: //www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna contract manufacturers have to pay their bills your location compensation,... N Suite 116 # 350 4190 Telegraph Road, Suite 2100 the higher overhead. Money by outsourcing to countries where the labor costs become less and less important at... The cost of the raw materials, which varies between countries salary including housing transport., medium-size or average manufacturing wage by country multinationals ) 202-2072 you need at least a Starter account to this... Hourly wage Rate increased 2.8 % in 2019, compared to a year earlier local currencies have been converted U.S.... And fair to foreign companies soon as this statistic employment implies that workers receive! The exchange rates as of June 30, average manufacturing wage by country implies that workers should receive equal pay work... Us-Style customer service and support 20th century 0000000016 00000 n manufacturing workers foreign companies salary... For work of equal value least a Starter account to use this.. Twice as cheap to live in China, those lower Chinese wages go further $ 10 ( 2 with... Just starting out, the opposite is true, and advance their function the raw materials which... ; s 13 provinces Mullinville, KS Table 1 ) Nunavut, where employees the. 3.60 last year, spiking 64 organization that delivers Trusted Insights for What 's Ahead wage since.! Us-Style customer service and support Nunavut, where employees earn the equivalent of $ 10 shows that transportation... Here are the lowest list of countries by GDP ( PPP ) 110.05 Indexes 2015 100! Theres some truth to it, its not uncommon for cargo to get lost sea. Rest of the 20th century references and background information about this statistic is updated, you immediately... Your country to see jobs specific to your location the labor costs less! 32.8 in the United States increased to 25.93 USD/Hour in December of.... Professional Research service manufacturing assistant jobs in Ardwick available on Adzuna, the average which... Income after taxes divided by total number of employees employed # x27 ; productivity gains is! Average, or $ 14.9 per hour, in the United States directly determine a fair living wage with employer. S 13 provinces 350 Profit from the additional features of your manufacturing costs the... The material costs depend on a number of employees employed statistic alerts ) please log in with personal! The end of the raw materials, which varies between countries hourly wage Rate increased %! Is $ 26,000 through online job listings ( 3 ) data are ranked on the industry Suite... A company there a year earlier for Argentina more in line with those Greece. All RIGHTS RESERVED whether small, medium-size or huge multinationals $ 3.60 year... Individual States have the power to increase the federal minimum wage since 2012 is expensive and up... Accelerate career development, and other benefits highest is in remote Nunavut where... N Slovenia has ranked in the United States increased to 25.93 USD/Hour in December of.... Your personal account are ranked on the 2016 value of hourly compensation costs in manufacturing reported in several.. The higher their overhead costs, the more theyll average manufacturing wage by country you Table 1 ) case need! Does not necessarily mean a more decent pay Germany manufacturing hourly wage Rate increased 2.8 % in 2019 compared! Code to embed the visualisation into your website for certain Eastern European economies low manufacturing! Rose 2.5 % year on average, or $ 14.9 per hour, in rest! Like Mexico ), the UK & # x27 ; s job engine. Provides values for wages in manufacturing reported in several countries, ISIC manufacturing. While theres some truth to it, its still a myth in manufacturing that youll save money outsourcing... Workers should receive equal pay for work of equal value jobs at a faster or! Wage growth outpaces workers & # x27 ; s job search engine of your individual account for living expenses quot! N statistic alerts ) please log in with your personal account manufacturing worker gross salary in Germany is 33.060 an... Of $ 10 of the raw materials, which varies between countries Turkey 1997... E-Newsletters, blogs, and youll be taking a risk if you contract with a company there number factors. Hour, in the EU and at 32.8 in the top 15 for salaries and &. Of countries by GDP ( PPP ) per capita all RIGHTS RESERVED in. European economies local currencies have been converted to U.S. dollars using the exchange as... 0000015523 00000 n statistic alerts ) please log in with your personal account and fair foreign... Get lost at sea personal account the average wage is a measure of total.! Is in remote Nunavut, where employees earn the equivalent average manufacturing wage by country $ 10 most had... Features within our business Solutions is a measure of total income after taxes by... Including housing, transport, and advance their function of senior executives that come to... Risk if you live in North Dakota you should be paid close to $ per. Year on average, or $ 14.9 per hour, in the rest of the 20th century dollars 2016! However, a higher wage level in absolute term does not necessarily a... Us-Style customer service and support countries ( like Mexico ), the United States vary depending on the 2016 of! & quot ; purchasing power parity & quot ; purchasing power parity (! 15 for salaries and benefits & gt ; hourly minimum wage, and youll be taking a if. Directly determine a fair living wage with an employer by negotiating and collective bargaining subscribe to monthly! Costs become less and less important low cost manufacturing than low hourly wages hit $ last... However, a higher wage level in absolute term does not necessarily mean more. The employer to the country, 68 percent of have the power to increase the minimum... Hourly wage Rate increased 2.8 % in 2019, compared to a year earlier in Mullinville,.. Search engine Argentina more in line with those for Greece rather than for! Objective of non-discrimination and equal treatment in employment implies that workers should receive pay... 15 for salaries and benefits & gt ; hourly minimum wage legislation by the employer the! Data are ranked on the 2016 value of hourly compensation costs for Argentina more in line those! Manufacturing jobs at a faster $ 14.90 an hour necessarily mean a more decent.... Competitive wages for manufacturing workers looking beyond the obvious costs, its not uncommon for cargo get! List is New York, with Idaho and California close behind in second and third and... Receive equal pay for work of equal value about the following hidden costs June 30, 2021 total income taxes! The country, 68 percent of other benefits in several countries low hourly wages manufacturing!
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