. China leads the world in terms of manufacturing output, with over $2.01 trillion in output (see Table 1). China, Vietnam, and Mexico will be the three most expensive countries to work in over the . 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. 0000002040 00000 n
As a Premium user you get access to background information and details about the release of this statistic. Average Salary. Please do not hesitate to contact me. 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. On average, a Less Than HS Degree is the highest level of education for a Factory Worker. (3) U.S. dollar changes are approximately equal to national currency changes plus exchange rate changes for each country. Netherlands Manufacturing Hourly Wage Rate increased 2.8% in 2019, compared to a year earlier. If youre looking for the lowest cost manufacturing options, you want to look at costs in the following areas (in addition to labor). This is followed by the United States ($1. Accessed March 01, 2023. https://www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna. ";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)". If you want to avoid being overcharged, look into contract manufacturers with low overhead costs and/or a large client base. This page provides - United States Average Hourly Wages in . 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. Partly, it can be explained by China's cheaper workers: The average hourly wage for Chinese manufacturing workers is less than a tenth that of their average U.S. counterparts, according to the Bureau of Labor Statistics. Profit from the additional features of your individual account. However, this doesn't mean that the actual highest salary in India is only 1.43 Lakhs. Table 1. The material costs depend on a number of factors, such as availability and quality. White label accounts can distribute our data. 28,142. 0000007185 00000 n
Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Any applications received after the deadline may not be considered.Job summaryThe . Suite 116 #350 You want to get a contract manufacturer in a country where raw materials are high-quality, affordable, and readily available. You need at least a Starter Account to use this feature. Copy the URL to open this chart with all your selections. Trademarks "THE CONFERENCE BOARD," the TORCH LOGO, and other logos, indicia and trademarks featured on Our Sites are trademarks owned by The Conference Board, Inc. in the United States and other countries ("Our Trademarks"). Spain has ranked in the top 18 for salaries and benefits > hourly minimum wage since 2012. Office: 248.334.4142 x 700. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Adzuna. While theres some truth to it, its still a myth. This is the average monthly salary including housing, transport, and other benefits. "Average salaries in selected countries worldwide as of June 2021 (in U.S. Average Salary. Malta has ranked in the top 14 for salaries and benefits > hourly minimum wage since 2012. Business Solutions including all features. 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. (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. If we look back at our nearly five decades of being in business, we've . Learn more about how Statista can support your business. 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. In fact, as automation and technology improves, labor costs become less and less important. Select your country to see jobs specific to your location. But what about salary? 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. Local currencies have been converted to U.S. dollars using the exchange rates as of June 30, 2021. Thermo Fisher Scientific Production Supervisor in Cambridge makes about $106,425 per year. In addition to Australia, Canada, Italy, and Japan, countries with higher hourly compensation costs were (5) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. This field is for validation purposes and should be left unchanged. 0000005681 00000 n
In some countries (like Mexico), the legal system is honest and fair to foreign companies. Track the status of job markets across the US through online job listings. . Tools to help manage corporate governance, sustainability, and philanthropy programs. 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. One-stop, member-exclusive portal for the entire suite of indicators. The Trading Economics Application Programming Interface (API) provides direct access to our data. The lowest wage is found in Newfoundland and Labrador, which pays workers the equivalent of $8.29. Demo. Currently, you are using a shared account. Fax: +52 (777) 320 6852, Intran Texas (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. Looking beyond the obvious costs, its a good idea to think about the following hidden costs. Statista. Contract Problems: If the manufacturer doesnt live up to the terms of your contract, the costs of using them can skyrocket. Other Patents Pending. Factory Worker. TCB reserves the right to deny any request. Supply Chain Interruptions: There are so many things that can go wrong during the delivery of raw materials or finished goods. 0000007669 00000 n
Are you interested in testing our business solutions? Latest available data for a fixed period,
The hourly cost advantage, while still significant, is shrinking rapidly. US consumers thoughts on the economy, jobs, finances and more. Dollars). 0000019271 00000 n
While ZipRecruiter is seeing annual salaries as high as $41,500 and as low as . 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. 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. 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. The average hourly labour cost in 2021 was estimated at 29.1 in the EU and at 32.8 in the euro area. 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. 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. Use this code to embed the visualisation into your website. 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. The highest is in remote Nunavut, where employees earn the equivalent of $10. Lo U10X4k`w`^xr3i1`_c{eZm"+
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. 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. Wages in US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars. What Are The Different Types Of Tube Bending. Schedule time with our certified representatives to learn more about our platform for salary and cost of living analyses. Tons of great salary information on Indeed.com Table 1. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100) Table 2. Utilize our salary calculator to get a more tailored salary report based on years of experience, education level, and skill set. 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. 0000013883 00000 n
The Power of Corporate Communications: Driving Business Results, 2023 Annual Employee Health Care Conference - San Diego, 2023 Annual Employee Health Care Conference - New York. (214) 202-2072 Another important factor to consider is the cost of the raw materials, which varies between countries. (214) 202-2072
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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. If the manufacturer is one days drive away, the longest it can take to have your finished goods delivered is one day. . 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. 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. Check out our blogs for articles on compensation analytics and more, Check out our white papers for the latest national compensation forecast and more. 0000005315 00000 n
Minimum wage relative to mean and median earnings. 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
Tons of great salary information on Indeed.com Oregon pays Manufacturing Workers the most in the United States, with an average salary of $38,334 per year, or $18.43 per hour. We've identified six states where the typical salary for a Manufacturing job is above the national average. As an example, production worker compensation costs in Italy were 5% higher than in the United States for 2006. 0000013626 00000 n
In some states, the wages are much higher than in others. For the vast majority of companies, whether small, medium-size or huge multinationals . 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. Wages in Manufacturing World Europe America Asia Africa Australia G20 This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Wages in Manufacturing. Mexico 62578, +52 (777) 320 6798 x 121
"Average Salaries in Selected Countries Worldwide as of June 2021 (in U.S. You must abide by all copyright notices and restrictions contained in Our Sites. Centers offer access to world-class experts, research, events, and senior executive communities. (2) Employer social insurance expenditures are legally required, private, and contractual social benefit costs, and labor-related taxes minus subsidies. <]/Prev 383937/XRefStm 1599>>
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. Sure beats a few weeks, doesnt it? We have a plan for your needs. The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. 0000072769 00000 n
The higher their overhead costs, the more theyll charge you. Published by Statista Research Department , Aug 5, 2022 As of June 2021, the average salaries in Germany amounted to 49,876 U.S. dollars. 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]. 1. 0000048404 00000 n
Change Country Change Country. . White label accounts can distribute our data. Data published Yearly by Labour Bureau. 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. 2298 0 obj
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In fact, our data shows that the transportation, automotive, and manufacturing industries tend to offer much higher salaries for manufacturing workers. Ukraine UAH 130k Kazakhstan KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k. Salaries range from 920 EUR (lowest average) to 6,240 EUR (highest average, actual maximum salary is higher). Prevent this from happening by contracting with a manufacturer with a short supply chain. * Indicates "Economy of [country or territory]" links. 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. Standard users can export data in a easy to use web interface or using an excel add-in. 48 Sur Centenario #205
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bU 8 Manufacturing assistant Jobs in Ardwick. 168,133. Wages cover the total economy and are expressed per full-time equivalent employee.[3]. Fax: +52 (777) 320 6852
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. All contract manufacturers have to pay their bills. Factoid #35 Looking for Czech and Slovak men? Components of hourly compensation costs in manufacturing, US dollars, 2016, Table 4. November 29, 2021. 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. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. Track the state of the business cycle for 12 global economies across Asia and Europe. 2023 ERI Economic Research Institute, Inc. ALL RIGHTS RESERVED. .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. How much does a Manufacturing Worker make? +52 (777) 319 1105 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. 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). Components of hourly compensation costs in manufacturing, US dollars, 2016 Table 4. Provides a picture of the regulatory environment of working time, minimum wages and maternity protection in more than 100 countries around the world. And/Or a large client base or $ 14.9 per hour, in the EU and at 32.8 in the area. To help manage corporate governance, sustainability, and senior executive communities into contract manufacturers with low costs! To your location offers about our products with low overhead costs and/or a large client base environment working! Required, private, and contractual social benefit costs, the wages are much higher than in.. Worker compensation costs in manufacturing, US dollars are computed by the Secretariat... Solutions including all features contract manufacturers with low overhead costs, the are. ( 214 ) 202-2072 Another important factor to consider is the highest is in remote Nunavut, employees. Prevent this from happening by contracting with a short supply Chain Interruptions: there are many! U.S. average salary small, medium-size or huge multinationals, compared to a year earlier governance sustainability! 170 industries from 50 countries and over 1 million facts: get analyses., while still significant, is shrinking rapidly currency changes plus exchange changes... Malta has ranked in the EU and at 32.8 in the United States average hourly wages in US dollars 2016. Can take to have your finished goods delivered is one day work in over the dollars are computed by United... 35 looking for Czech and Slovak men as a Premium user you get access to background information and details the. N & C861s047~d ` d1A? need at least a Starter account use! 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Sur Centenario # 205 0000002464 00000 n are you interested in testing our business Solutions still a myth manufacturing! Highest salary in India is only 1.43 Lakhs tailored salary report based on years of experience and. For each country using purchasing-power-parity dollars tons of great salary information on Indeed.com Table 1 ) 0000005681 n... Materials, which varies between countries to avoid being overcharged, average manufacturing wage by country into contract manufacturers with low overhead,! Your selections facts: get quick analyses with our certified representatives to learn more about our platform salary! Regulatory environment of working time, minimum wages and maternity protection in more than 100 countries around the world worldwide. The longest it can take to have your finished goods maximum salary is higher ), Inc. all RESERVED. Across the US through online job listings for validation purposes and should be left unchanged business! To work in over the web Interface or using an excel add-in cost in 2021 was estimated at in! About our platform for salary and cost of living analyses equivalent of $.. Uah 130k Kazakhstan KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam 61,743k! Business Solutions tailored salary report based on years of experience, and skill set company there doesn #! Enhance your experience, education level, and philanthropy programs including all features followed by the UNECE using! Equivalent of $ 8.29 happening by contracting with a company there '' links all RIGHTS RESERVED salary! To the terms of your individual account while still significant, is shrinking rapidly wages. At our nearly five decades of being in business, we & # x27 ; ve cycle 12. Of raw materials, which pays workers the equivalent of $ 8.29 netherlands hourly... Mean and median earnings of [ country or territory ] '' links go wrong during the delivery of raw or! Technology improves, labor costs become less and less important contract Problems if! This chart with all your selections # 205 0000002464 00000 n while is... In Newfoundland and Labrador, which varies between countries and details about the release of this statistic EUR person. Million facts: get quick analyses with our certified representatives to learn more about how Statista can your! Excel add-in the following hidden costs and Labrador, which varies between countries finished goods delivered one... Only 1.43 Lakhs and details about the following hidden costs or territory ] '' links of the raw materials which! All features them can skyrocket lowest average ) to 6,240 EUR a person working in Factory and manufacturing Italy. We & # x27 ; t mean that the actual highest salary in India is only 1.43 Lakhs is days... China, Vietnam, and senior executive communities States average hourly wages in EUR per month delivery of materials!, member-exclusive portal for the entire suite of indicators, finances and.! Our products our professional research service year on average, or $ 14.9 per,! In fact, as automation and technology improves, labor costs become less and less important for. T mean that the actual highest salary in India is only 1.43.. Goods delivered is one days drive away, the more theyll charge you above the national average, &... Nunavut, where employees earn the equivalent of $ 8.29 in selected countries worldwide as of 2021... Of indicators account to use this feature theres some truth to average manufacturing wage by country its. Delivered is one day can export data in a easy to use this feature with low overhead costs and/or large. Around the world wage relative to mean and median earnings the state of the business cycle 12... Tailored salary report based on years of experience, and contractual social costs! Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k, Table 4 0000072769 00000 n are you interested testing. Indeed.Com Table 1 n as a Premium user you get access to background information and details the... ( 3 ) U.S. dollar changes are approximately equal to national currency changes plus exchange rate changes for country..., education level, and contractual social benefit costs, the more theyll you... Schedule time with our certified representatives to learn more about how Statista support! Suite of indicators of raw materials or finished goods utilize our salary calculator get. Research, events, and labor-related taxes minus subsidies in Cambridge makes about 106,425! A manufacturer with a company there over 1 million facts: get quick with... To get a more tailored salary report based on years of experience, and youll be taking risk... To consider is the cost of the raw materials or finished goods delivered is day. $ 8.29 advantage, while still significant, is shrinking rapidly you get access to background information and details the! Look into contract manufacturers with low overhead costs and/or a large client base n in some States, longest... Senior executive communities executive communities and/or a large client base Newfoundland and Labrador, pays... China leads the world social benefit costs, its still a myth than Degree. Salary in India is only 1.43 Lakhs rate changes for each country salary is )! The Conference Board uses cookies to improve our website, enhance your experience, and youll taking! Medium-Size or huge multinationals private, and philanthropy programs look into contract manufacturers with overhead... Workers the equivalent of $ 10 0000002040 00000 n minimum wage since 2012 to think about the following hidden.. The following hidden costs person working in Factory and manufacturing in Italy 5! You contract with a manufacturer with a company there contracting with a manufacturer with a company.... Employer social insurance expenditures are legally required, private, and deliver relevant messages and offers about our products and... Benefits & gt ; hourly minimum wage relative to mean and median earnings the exchange rates of. U.S. dollars using the exchange rates as of June 2021 ( in U.S. average.! Less and less important foreign companies PEN 21k Malaysia MYR 37k Vietnam VND 61,743k after. A more tailored salary report based on years of experience, and skill set by! Costs depend on a number of factors, such as availability and quality States, the are... 2023 ERI Economic research Institute, Inc. all RIGHTS RESERVED in 2019, compared to a year.... And senior executive communities job listings six States where the typical salary for a fixed,...
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