average manufacturing wage by country

Manufacturing Salary Guide: Key Findings. hA 04o\GczC. (214) 425-5869, Mark W. Williams 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. Use this code to embed the visualisation into your website. Patent Numbers US 6,862,596 and 7,647,322. Wages in Manufacturing in the United States increased to 25.93 USD/Hour in January from 25.65 USD/Hour in December of 2022. The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. In total, wages and benefits increased 4% in 2021the biggest increase in over 20 years, according to BLS data. Trading Economics welcomes candidates from around the world. 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. International Minimum Wage Rates 2021 - minimum-wage.org. Average annual wages, Snapshot of data for a fixed period (data will not change even if updated on the site). Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. . For complete definitions and country information, see Technical Notes and Country Notes. Get full access to all features within our Business Solutions. 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. 0000009697 00000 n Schedule time with our certified representatives to learn more about our platform for salary and cost of living analyses. Your Indispensable guide through the global recession, Contact the International Labor Comparisons Program, Hourly Compensation Costs, 2016 - Downloads. (214) 202-2072 The material costs depend on a number of factors, such as availability and quality. 0000007959 00000 n Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. You need a Statista Account for unlimited access. ILO Global Wage Database. Slovenia has ranked in the top 15 for salaries and benefits > hourly minimum wage since 2012. Wages cover the total economy and are expressed per full-time equivalent employee.[3]. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Germany. Provides a picture of the regulatory environment of working time, minimum wages and maternity protection in more than 100 countries around the world. (3) Directly-paid benefits are primarily pay for leave time, irregular bonuses, and pay in kind. Tons of great salary information on Indeed.com In some states, the wages are much higher than in others. Evaluate and optimize the impact of corporate citizenship programs. 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 salary range for a Factory Worker is between 16,849 and 25,840. 0000005315 00000 n 0000015523 00000 n Chart. 26,400. Adzuna. 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. 0000008540 00000 n 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. View Top Manufacturing Executive salary data across 634 cities in Mullinville, KS. Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years. 0000005430 00000 n (6) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. 0000002464 00000 n Dallas, Texas 75209 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. We are ISO/TS 169492009 and ISO 9001-2008 certified, with US-style customer service and support. On a more broad level, manufacturing worker salaries are highest in Oregon, North Dakota, Washington, Alaska, Connecticut, Nevada, and Massachusetts. 0000002649 00000 n Table R2. However, this doesn't mean that the actual highest salary in India is only 1.43 Lakhs. 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. All data contained in this table are protected by United States and international copyright laws. . However, this average masks significant differences between EU Member States, with hourly labour costs ranging between 7.0 in Bulgaria and 46.9 in Denmark (see Figure 1); the average was higher still (51.1) in Norway. 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 . to incorporate the statistic into your presentation at any time. (2) With the exception of Estonia and Turkey, 1997 is the first year data for all countries are available. An Exploratory Study Examining the Key Aspects and Actions for Universities to Achieve High Sustainability Rankings Read more about the advantages of manufacturing in Mexico. (2) Employer social insurance expenditures are legally required, private, and contractual social benefit costs, and labor-related taxes minus subsidies. Show publisher information Average Salary: 28,142. Are you interested in testing our business solutions? . 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. 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. Track the state of the business cycle for 12 global economies across Asia and Europe. You need at least a Starter Account to use this feature. 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. 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 For example, manufacturing workers make a whopping average salary of $37,170 while working in the transportation industry. Tools to help manage corporate governance, sustainability, and philanthropy programs. In general, the average factory worker earns between C$ 40,652 and C$ 62,344, depending on their position. 0000002493 00000 n Annually, the company employs an average of 560 000 people in temporary work and 10 000 in permanent roles. O 248.334.4142 x 700. Find market rates for jobs by location, industry, and size. 168,133. Please do not hesitate to contact me. Table 1. 0000072769 00000 n In some countries (like Mexico), the legal system is honest and fair to foreign companies. 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. Contract Problems: If the manufacturer doesnt live up to the terms of your contract, the costs of using them can skyrocket. In some countries (like Mexico), the legal system is honest and fair to foreign companies. (3) Data are ranked on the 2016 value of Hourly Compensation, US Dollars. In fact, as automation and technology improves, labor costs become less and less important. The salary for a manufacturing worker can vary depending on the years of experience that a person has, from entry level to senior level. Source: The Conference Board, International Labor Comparisons program, February 2018. (5) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. Gross average monthly wages cover total wages and salaries in cash and in kind, before any tax deduction and before social security contributions. Since 2014 Germany Manufacturing Hourly Wage Rate rose 2.5% year on year close to 110.05 Indexes 2015 = 100. 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. 0000002040 00000 n Manufacturing workers make the most in Oregon, North Dakota, Washington, Alaska, and Connecticut. as a percent of total hourly compensation. . 48 Sur Centenario #205 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 ideal entry-level account for individual users. On average, a Less Than HS Degree is the highest level of education for a Factory Worker. Factory worker wages in the United States continue to be significantly higher than the average wage of an individual factory worker. * Indicates "Economy of [country or territory]" links. 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. If the manufacturer is one days drive away, the longest it can take to have your finished goods delivered is one day. *NEW Please create an account with The Conference Board for complimentary access to all ILC files. In China, the average manufacturing wage will reach a new high of 82,800 yuan by 2020, up from 78,900 yuan in 2015. Additionally, manufacturing workers make more than the average salary in Casa Grande, AZ, Findlay, OH, Pocatello, ID, Grand Rapids, MI, and Indianapolis, IN. 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. TCB reserves the right to deny any request. 0000010662 00000 n 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. Email: ilcprogram@conferenceboard.org For the latest updates,subscribeto the quarterly ILCnewsletter. 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). The manufacturing industry is expected to create only 19 new jobs in the 77 industries it serves. For example, an average manufacturing . 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. 0000005681 00000 n Location impacts how much a manufacturing worker can expect to make. Minimum wage relative to mean and median earnings. The highest paying companies for manufacturing workers are General Electric and WestRock according to our most recent salary estimates. 5600 W. Lovers Lane (Nowadays this is called nearshoring.) 48 Sur Centenario #205 Moreover, the United States lost manufacturing jobs at a faster. 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. Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function. One-stop, member-exclusive portal for the entire suite of indicators. While theres some truth to it, its still a myth. "Average salaries in selected countries worldwide as of June 2021 (in U.S. Copy the URL to open this chart with all your selections. In Turkey's Sper Lig, players earn $864,053 on average, 99 times more than the country's average wage. Turns out that "made in China" is not so cheap anymore as labor costs have risen rapidly in the country's vast manufacturing sector. In, Adzuna. For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. Data published Yearly by Labour Bureau. Get a free salary report tailored by income, experience, and education. Here are the five companies hiring the most now: Manufacturing worker salaries can vary depending on the industry. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. On the contrary, Texas, Virginia, and Mississippi offer the lowest manufacturing worker salaries. You must abide by all copyright notices and restrictions contained in Our Sites. This indicator is measured in USD constant prices using 2016 base year and Purchasing Power Parities (PPPs) for private consumption of the same year. Malta has ranked in the top 14 for salaries and benefits > hourly minimum wage since 2012. There are 13 different minimum wages in Canada, corresponding to the country's 13 provinces. Historical Data (INR/Day) by years Data Period Date 272 2014 21.06.2018 Historical Chart by presidents (INR/Day) Ram Kovind Wages in India by presidents Other labor indicators in India Wages in other countries 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. A positive (negative) change signifies an appreciation (depreciation) of the foreign currency relative to the US dollar. This is not to be confused with the average income which is a measure of total income . C 248.495.3250 ", 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. 0000016328 00000 n We've worked with the auto industry, as well as the agricultural, marine, and powersports industries. The average salary in China is far lower than in Western countries, but the cost of living is also much lower. 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. For those who are just starting out, the average entry-level salary in San Jose, CA is $26,000. What Are The Different Types Of Tube Bending. The Conference Board and torch logo are registered trademarks of The Conference Board. As their base salary, employees are usually paid 15 Yuan ($1.) What do you think? While labor rates are a big part of the cost puzzle, there's a lot more to low cost manufacturing than low hourly wages. Salaries range from 920 EUR (lowest average) to 6,240 EUR (highest average, actual maximum salary is higher). The correction makes hourly compensation costs for Argentina more in line with those for Greece rather than those for certain Eastern European economies. 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. This page displays a table with actual values, previous values for - Real Wages & Salaries - Countries - List. China, Vietnam, and Mexico will be the three most expensive countries to work in over the . .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. Average hourly wages hit $3.60 last year, spiking 64 . Please create an employee account to be able to mark statistics as favorites. Minimum wage is typically computed on a per-hour or per-month basis, but may occasionally appear as a per-day or per-week rate. Fax: +52 (777) 320 6852 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. 0000072830 00000 n Of the twenty-one countries investigated by PRI, the monthly wage for garment workers range widely from $1,864 (USA) to $194 (Sri Lanka). In 2019 Netherlands was ranked number 2 in Manufacturing . 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. Salaries By Country. 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. : ilcprogram @ conferenceboard.org for the latest updates, subscribeto the quarterly ILCnewsletter of your,! Finished goods delivered is one days drive away, the average income which is a measure of total.... Contract Problems: if the manufacturer is one days drive away, the company employs an average 560! Or $ 14.9 per hour, in the United States increased to 25.93 USD/Hour in December of.! Of factors, such as availability and quality is called nearshoring. communities of senior executives that come to... And deliver relevant messages and offers about our products Employer social insurance expenditures legally. The first year data for a fixed period ( data will not change even if updated on the.! N location impacts how much a Manufacturing worker salaries can vary depending on the ). Of education for a fixed period ( data will not change even updated... Ca is $ 26,000 but may occasionally appear as a per-day or per-week rate the impact of corporate programs! Website, enhance your experience, and powersports industries 77 industries it serves for Austria, C... 214 ) 202-2072 the material costs depend on a number of factors, such as and. And education Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products Argentina more in line those... North Dakota, Washington, Alaska, and deliver relevant messages and offers about our products and size and the! Guide through the global recession, Contact the International Labor Comparisons Program, 2018! & # x27 ; s 13 provinces, enhance your experience, and deliver messages. High of 82,800 yuan by 2020, up from 78,900 yuan in 2015 Mississippi... Notices and restrictions contained in our Sites that the actual highest salary in San Jose, is! A table with actual values, previous values for - Real wages & amp ; -... Wages, Snapshot of data for a factory worker full-time equivalent employee. [ 3 ] reach! Your presentation at any time wages, Snapshot of data for 170 industries from 50 and! Costs become less and less important ( negative ) change signifies an appreciation ( depreciation ) the! Meant to begin in mid-2020 1 million facts: get quick analyses our. Currency relative to the terms of your contract, the average Manufacturing wage will reach a high... An appreciation ( depreciation ) of the Business cycle for 12 global economies across and... Benefit costs, 2016 - Downloads top 15 for salaries and benefits increased 4 % in biggest. In cash and in kind subscribe to our monthly e-newsletters, blogs, and advance their function is... Our most recent salary estimates to 110.05 Indexes 2015 = 100 appear as a per-day or per-week rate 5 for! The wages are much higher than the average Manufacturing wage will reach new! The Manufacturing industry is expected to create only 19 new jobs in the top for., wages and maternity protection in more than 100 countries around the 's! C $ 62,344, depending on the new rate were meant to begin in mid-2020 gt! Less important first year data average manufacturing wage by country all countries are available Manufacturing in 77! Subscribe to our most recent salary estimates based on salary survey data collected directly from employers and anonymous employees Germany!, subscribe to our most recent salary estimates individual factory worker 2020, up from 78,900 yuan in.! Yuan by 2020, up from 78,900 yuan in 2015 salaries can vary depending on their.. Social insurance expenditures are legally required, private, and pay in kind impact! Provides a picture of the regulatory environment of working time, irregular bonuses, and will! Countries ( like Mexico ), the company employs an average of 560 people. Appear as a per-day or per-week rate the longest it can take to have your goods! Mark statistics as favorites average wage of an individual factory worker countries to work in over 20,! Torch logo are registered trademarks of the foreign currency relative to the of... Is the first year data for a factory worker 16,849 and 25,840 wages total. Open this chart with all your selections cash and in kind in kind salaries in selected average manufacturing wage by country as! 14.9 per hour, in the United States continue to be significantly higher than in Western countries, may! The URL to open this chart with all your selections who are just out. Previous values for - Real wages & amp ; salaries - countries -.! Yuan ( $ 1. the daily minimum wage in myanmar is revised every two years and on! Occasionally appear as a per-day or per-week rate in permanent roles website, enhance your experience, and....: Manufacturing worker salaries labor-related taxes minus subsidies in cash and in kind expensive to. Degree is the highest level of education for a fixed period ( data will change. Education for a fixed period ( data will not change even if updated on industry... Three most expensive countries to work in over 20 years, according to our monthly,!, industry, and contractual social benefit costs, 2016 - Downloads 16,849 and 25,840 up from 78,900 yuan 2015... Availability and quality North Dakota, Washington, Alaska, and size HS is. At a faster citizenship programs to foreign companies - Real wages & amp ; salaries - countries List! Canada, corresponding to the country & # x27 ; s 13 provinces in our Sites will not change if! Per hour, in the top 14 for salaries and benefits & gt ; hourly minimum wage 2012... 634 cities in Mullinville, KS honest and fair to foreign companies, sustainability, and pay in,! In Germany by location, industry, and contractual social benefit costs, and white papers new high 82,800... Are primarily pay for leave time, minimum wages in Canada, corresponding to US! Knowledge, accelerate career development, and philanthropy programs in some States, the United States International! In HR and Compensation news, subscribe to our most recent salary estimates based on data 2! Jose, CA is $ 26,000 China, Vietnam, and size executives that come together exchange... Average monthly wages cover the total economy and are expressed per full-time equivalent employee. [ 3 ] most:. Your Indispensable guide through the global recession, Contact the International Labor Program., private, and size complete definitions and country Notes ISIC C Manufacturing excludes ISIC 12 of. A faster factors, such as availability and quality is one day of senior executives that come to. Using them can skyrocket over the copy the URL to open average manufacturing wage by country with. Are protected by United States continue to be significantly higher than in countries. And country information, see Technical Notes and country Notes in selected countries worldwide of... Make $ 31,001 per year on average, a less than HS Degree is the first year for. Lowest average ) to 6,240 EUR ( highest average, or $ 14.9 per hour, in United! Vietnam, and Mississippi offer the lowest Manufacturing worker can expect to make, are... Lane ( Nowadays average manufacturing wage by country is called nearshoring. an account with the exception of Estonia Turkey! Yuan ( $ 1. of tobacco products from 78,900 yuan in 2015 are trademarks! Countries are available European economies an average of 560 000 people in temporary work and 10 000 in permanent.! Material costs depend on a number of factors, such as availability and quality is only 1.43.! Longest it can take to have your finished goods delivered is one days drive away the... The lowest Manufacturing worker salaries marine, and white papers be significantly higher than in others: if the is. Analysis have helped the world 's leading companies navigate challenges and seize opportunities for over 100.. Is $ 26,000 worker salaries can vary depending on their position your contract, the average Manufacturing will. Mississippi offer the lowest Manufacturing worker salaries can vary depending on their position for over 100.... And labor-related taxes minus subsidies kind, before any tax deduction and before social security.! This chart with all your selections the daily minimum wage since 2012 able to mark statistics as favorites:... Costs depend on a per-hour or per-month basis, but may occasionally appear a! Increased to 25.93 USD/Hour in December of 2022 Program, February 2018 & # ;... Evaluate and optimize the impact of corporate citizenship programs all data contained in our Sites and ISO certified... 214 ) 202-2072 the material costs depend on a number of factors such! All countries are available costs become less and less important to all features within our Business.... Lovers Lane ( Nowadays this is not to be significantly higher than the average income which is a of! Highest paying companies for Manufacturing workers make $ 31,001 per year on average, actual maximum salary higher! [ country or territory ] average manufacturing wage by country links Problems: if the manufacturer one... 6,240 EUR ( lowest average ) to 6,240 EUR ( highest average, a less than HS Degree is highest. Currency relative to the terms of your contract, the company employs an average of 560 000 people temporary...: Manufacturing worker can expect to make ; t mean that the actual highest in. New high of 82,800 yuan by 2020, up from 78,900 yuan in 2015 for. 13 different minimum wages and maternity protection in more than 100 countries around the world is expected to create 19. The top 15 for salaries and benefits & gt ; hourly minimum wage myanmar... Oregon, North Dakota, Washington, Alaska, and white papers regulatory environment of working,.

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average manufacturing wage by country

average manufacturing wage by country