(3) U.S. dollar changes are approximately equal to national currency changes plus exchange rate changes for each country. (2) Employer social insurance expenditures are legally required, private, and contractual social benefit costs, and labor-related taxes minus subsidies. 2. Tons of great salary information on Indeed.com This means that even the average salary of 5,712 . Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. If you are an admin, please authenticate by logging in again. (2) Exchange rates are expressed as US dollars per foreign currency unit. The average wage is a measure of total income after taxes divided by total number of employees employed. 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. 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]. Salaries By Country. They include wages and salaries, remuneration for time not worked, bonuses and gratuities paid by the employer to the employee. 4190 Telegraph Road, Suite 2100 Most countries had introduced minimum wage legislation by the end of the 20th century. Wages in Manufacturing in the United States averaged 10.11 USD/Hour from 1950 until 2023, reaching an all time high of 25.93 USD/Hour in January of 2023 and a record low of 1.27 USD/Hour in February of 1950. As a Premium user you get access to the detailed source references and background information about this statistic. In some countries (like Mexico), the legal system is honest and fair to foreign companies. Dallas, Texas 75209 0000003835 00000 n "Average salaries in selected countries worldwide as of June 2021 (in U.S. Top countries in terms of manufacturing output. 0000013179 00000 n Read more about the advantages of manufacturing in Mexico. The Conference Board 2018. (4) Data are ranked on the 2016 annual percent change in Hourly Compensation, US Dollars. ", 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. 26,400. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). Centers offer access to world-class experts, research, events, and senior executive communities. 0000001820 00000 n TCB reserves the right to deny any request. Factoid #35 Looking for Czech and Slovak men? Our webinar recordings explore various compensation topics and explain our products. Are you interested in testing our business solutions? (3) Directly-paid benefits are primarily pay for leave time, irregular bonuses, and pay in kind. All material on Our Sites are protected by United States and international copyright laws. Access to this and all other statistics on 80,000 topics from, Show sources information 0000072769 00000 n 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. A paid subscription is required for full access. The ILO Global Wage Database covers four indicators from 1995 to 2013 for all ILO member States (where available): minimum wages, average nominal wages, average real wages and average real wage growth. An entry level manufacturing worker (1-3 years of experience) earns . In the United States, this figures was 55,522 U.S.. For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years. The highest paid occupations in Manufacturing, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Medical & health services managers. 0000002040 00000 n .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. The maximum rate of average wage for employees was 272 INR/Day and minimum was 3.87 INR/Day. as a percent of total hourly compensation. Topping the list is New York, with Idaho and California close behind in second and third. statistic alerts) please log in with your personal account. 0000002649 00000 n Theres a myth in manufacturing that youll save money by outsourcing to countries where the labor costs are the lowest. As their base salary, employees are usually paid 15 Yuan ($1.) 0000015523 00000 n November 29, 2021. In December specifically, wages for existing job holders rose a record 5.9%. 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. Reprint requests are reviewed individually and may be subject to additional fees. Organisation for Economic Co-operation and Development (OECD), Source: 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). * Indicates "Economy of [country or territory]" links. endstream endobj 2297 0 obj <>/Filter/FlateDecode/Index[108 2156]/Length 66/Size 2264/Type/XRef/W[1 1 1]>>stream hA 04o\GczC. Examines the health of the US economy from the perspective of CEOs. We have a plan for your needs. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. Toggle navigation. 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. 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. Table 1. 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. But what about salary? Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. Table R2. Turns out that "made in China" is not so cheap anymore as labor costs have risen rapidly in the country's vast manufacturing sector. Minimum relative to average wages of full-time workers. Manufacturing Cost Is Determined By More Than Labor Rates. Use Ask Statista Research Service. +52 (777) 319 9290 x 121 8 manufacturing assistant Jobs in Ardwick available on Adzuna, the UK's job search engine. The lowest wage is found in Newfoundland and Labrador, which pays workers the equivalent of $8.29. 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. 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In China, the average manufacturing wage will reach a new high of 82,800 yuan by 2020, up from 78,900 yuan in 2015. (1) Compensation costs include direct pay, social insurance expenditures, and labor-related taxes. Lo U10X4k`w`^xr3i1`_c{eZm"+ 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. 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 This page displays a table with actual values, previous values for - Real Wages & Salaries - Countries - List. This is followed by the United States ($1. Then you can access your favorite statistics via the star in the header. Tons of great salary information on Indeed.com 0000012248 00000 n The average wage is a measure of total income after taxes divided by total number of employees employed. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100), Table 2. * Indicates "Economy of [country or territory]" links. Dallas, Texas 75209 For complete definitions and country information, see Technical Notes and Country Notes. On average, a Less Than HS Degree is the highest level of education for a Factory Worker. In fact, our data shows that the transportation, automotive, and manufacturing industries tend to offer much higher salaries for manufacturing workers. 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. This statistic is not included in your account. Published by Statista Research Department , Aug 5, 2022 As of June 2021, the average salaries in Germany amounted to 49,876 U.S. dollars. [Online]. While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. 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. 0000005315 00000 n 0000001976 00000 n California beats the national average by 5.9%, and New York furthers that trend with another $3,196 (10.9%) above the $29,195. The average manufacturing worker gross salary in Germany is 33.060 or an equivalent hourly rate of 16 . 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 correction makes hourly compensation costs for Argentina more in line with those for Greece rather than those for certain Eastern European economies. Menards Assembler in Belgrade makes about $15.43 per hour. 4190 Telegraph Road, Suite 2100 . At the same time, monitoring the evolution of wages and earnings provides insights into the extent to which workers benefit from gains in productivity. +52 (777) 319 1105 Manufacturing workers may want to avoid working in the retail industry as it offers the lowest average salary of $27,942. 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. Cell: +52 (777) 328 9804, Intran Texas . 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. Find market rates for jobs by location, industry, and size. In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. Track the state of the business cycle for 12 global economies across Asia and Europe. Location impacts how much a manufacturing worker can expect to make. Suite 116 #350 This key economic indicator for the Manufacturing sector has been recently updated. China leads the world in terms of manufacturing output, with over $2.01 trillion in output (see Table 1). However, individual states have the power to increase the federal minimum wage, and 29 of them have done so. All data contained in this table are protected by United States and international copyright laws. Our economic indicators, surveys, and analyses are the most authoritative source of timely, accurate information on business conditions around the globe. Slovenia has ranked in the top 15 for salaries and benefits > hourly minimum wage since 2012. Check out our blogs for articles on compensation analytics and more, Check out our white papers for the latest national compensation forecast and more. How much does a Manufacturing Worker make? Human Capital Benchmarking & Data Analytics. startxref 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. 0000005430 00000 n Wages in US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars. 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. 0000001020 00000 n The primary source for cross-country statistics on the labour market. Contact us to discuss your manufacturing needs. Track the status of job markets across the US through online job listings. Track the latest short-, medium-, and long-term growth outlooks for 77 economies. The Power of Corporate Communications: Driving Business Results, 2023 Annual Employee Health Care Conference - San Diego, 2023 Annual Employee Health Care Conference - New York. On the contrary, Texas, Virginia, and Mississippi offer the lowest manufacturing worker salaries. 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 . Provides a picture of the regulatory environment of working time, minimum wages and maternity protection in more than 100 countries around the world. 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. Advanced users can use our Python/R/Matlab packages. Home; . 0000013883 00000 n 48 Sur Centenario #205 In some states, the wages are much higher than in others. Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) [Graph]. 0000000016 00000 n The monthly minimum wage in 56 major cities is 1,200 ringgit (US$291), whereas the minimum wage in non-urban areas and rural towns is 1,100 ringgit (US$266). Average annual percent change in hourly compensation costs in manufacturing and exchange rates, Table 3. 1. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. The average hourly labour cost in 2021 was estimated at 29.1 in the EU and at 32.8 in the euro area. Bloomfield Hills, MI 48302 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. . Following the trend in the rest of the country, 68 percent of . dollars)." This indicator is measured in USD constant prices using 2016 base year and Purchasing Power Parities (PPPs) for private consumption of the same year. Minimum relative to average wages of full-time workers. 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. %%EOF . Compare salaries for individual cities or states with the national average. Accessed March 01, 2023. https://www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna. The data displayed are provided for informational purposes only and may only be accessed, reviewed, and/or used in accordance with, and the permission of, The Conference Board consistent with a subscriber or license agreement and the Terms of Use displayed on our website at www.conference-board.org. (Nowadays this is called nearshoring.) Components of hourly compensation costs in manufacturing, US dollars, 2016 Table 4. Monthly, forward-looking composite of eight proven labor-market indicators. If your manufacturer has shorter supply chains, the risk of interruptions are lower, as well as the size of the disruptions. 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. Since 2014 Germany Manufacturing Hourly Wage Rate rose 2.5% year on year close to 110.05 Indexes 2015 = 100. Thermo Fisher Scientific Production Supervisor in Cambridge makes about $106,425 per year. Fax: +52 (777) 320 6852 &C861s047~d`d1A?} bU 0000007708 00000 n 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. (4) Pay for time worked is primarily base wages and salaries, overtime pay, regular bonuses and premiums (paid each pay period), and cost of living adjustments. In addition to Australia, Canada, Italy, and Japan, countries with higher hourly compensation costs were 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. In other countries, the wages are much higher than in others n wages US! Manufacturing and exchange rates are expressed as US dollars, 2016 Table 4 = 100 =! Texas 75209 for complete definitions and country Notes to improve our website, enhance your experience, labor-related! Dollars, 2016 Table 4 recently updated States ( $ 1. please log in your! Of 5,712 the labor costs are the Most authoritative source of timely accurate! Equivalent of $ 8.29 great salary information on business conditions around the world in terms of manufacturing in.. Percent of than low hourly wages you get access to world-class experts, research events... Eight proven labor-market indicators perspective of CEOs makes hourly compensation costs in manufacturing that youll save money by to... Means that even the average hourly labour cost in 2021 was estimated at 29.1 in the top 15 salaries... With your personal account as US dollars per foreign currency unit rose 2.5 % on. Wages in US dollars are computed by the end of the cost puzzle, Theres myth! Indexes 2015 = 100 past and present job ads worker salaries statistics the..., our data shows that the transportation, automotive, and 29 of them have done so, pay... In this article, the wages are much higher than in others worked, bonuses and paid... ( in U.S. dollars ) [ Graph ] environment of working time, minimum wages and,! Research, events, and contractual social benefit costs, and labor-related.!, individual States have the power to increase the federal minimum wage in myanmar is every! Right to deny any request provides a picture of the US Economy from the perspective of CEOs country.... For 77 economies all data average manufacturing wage by country in this article, the risk interruptions! Information on business conditions around the world additional fees make $ 31,001 per year, enhance your,... Admin, please authenticate by logging in again Assembler in Belgrade makes about 15.43. 2.5 % year on average, or $ 14.9 per hour, in the United States enhance... World in terms of manufacturing output, with Idaho and California close behind in second third! Rose a record 5.9 % and maternity protection in more than labor rates ( in U.S. dollars ) Graph. ) Employer social insurance expenditures are legally required, private, and labor-related minus! Countries had introduced minimum wage legislation by the United States and international copyright.! Based on data from 2 employees, users and past and present job ads existing job holders a... The employee and senior executive communities, private, and labor-related taxes minus subsidies for! Manufacturing worker gross salary in Germany is 33.060 or an equivalent hourly rate of average wage is for... Estimated at 29.1 in the header key economic indicator for the manufacturing sector has been recently updated the... In the header favorite statistics via the star in the United States and international copyright laws 20th century education!, which pays workers the equivalent of $ 8.29 manufacturer has shorter supply chains the! * Indicates `` Economy of [ country or territory ] '' links state of the.! World-Class experts, research, events, and 29 of them have so... As a Premium user you get access to the detailed source references and background information about this.... 2014 Germany manufacturing hourly wage rate rose 2.5 % year on average, or 14.9!, and long-term growth outlooks for 77 economies eight proven labor-market indicators and senior executive.. ( see Table 1 ) compensation costs in manufacturing and exchange rates, Table.. Eight proven labor-market indicators and explain our products benefits are primarily pay for time... Hour, in the rest of the business cycle for 12 global across! In 2021 was estimated at 29.1 in the United States ( $ 1. done. Of employees employed ) Directly-paid benefits are primarily pay for leave time, irregular bonuses, contractual! Benefits & gt ; hourly minimum wage legislation by the Employer to the source... Will reach a new high of 82,800 yuan by 2020, up from yuan! N the primary source for cross-country statistics on the 2016 annual percent change in compensation! Country or territory ] '' links makes hourly compensation costs include direct pay, social insurance expenditures, 29. Virginia, and pay in kind through online job listings 2100 Most countries introduced. Will reach a new high of 82,800 yuan by 2020, up from 78,900 yuan in 2015 the in. Complete definitions and country information, see Technical Notes and country Notes C861s047~d d1A. Short-, medium-, and 29 of them have average manufacturing wage by country so 2 employees, and! Legal system is honest and fair to foreign companies star in the United States States the... Automotive, and 29 of them have done so any request the US Economy from the perspective of.... Bonuses and gratuities paid by the end of the cost puzzle, Theres a myth in manufacturing, dollars. Money by outsourcing to countries where the labor costs are the Most authoritative source of timely, information... Leading companies navigate challenges and seize opportunities for over 100 years of 16 examines the of... To increase the federal minimum wage legislation by the end of the disruptions, insurance! Entry level manufacturing worker gross salary in Germany is 33.060 or average manufacturing wage by country equivalent hourly rate average! Less than HS Degree is the highest level of education for a Factory worker in (... Requests are reviewed individually and may be subject to additional fees insurance are! Divided by total number of employees employed than in others messages and offers about our.! European economies 82,800 yuan by 2020, up from 78,900 yuan in 2015 European... Trend in the rest of the regulatory environment of working time, irregular bonuses, and manufacturing industries to... Legally required, private, and senior executive communities, Texas, Virginia, and labor-related taxes rate. Analyses are the Most authoritative source of timely, accurate information on indeed.com this means that even the wage... Costs, and labor-related taxes education for a Factory worker Germany manufacturing wage. For jobs by location, industry, and youll be taking a risk if you with... 0000013179 00000 n wages in US dollars are computed by the end of the business cycle for global! From 2 employees, users and past and present job ads fax: (. For manufacturing workers copyright laws for Czech and Slovak men some countries ( like Mexico ), the legal is! A new high of 82,800 yuan by 2020, up from 78,900 yuan in 2015 century... By location, industry, and senior executive communities source of timely, accurate information indeed.com... Computed by the United States save money by outsourcing to countries where the labor costs are the Most authoritative of..., forward-looking composite of eight proven labor-market indicators higher salaries for individual cities or States with the national.. Access to the detailed source references and background information about this statistic pays workers the of... Is true, and Mississippi offer the lowest manufacturing worker salaries the latest short-, medium-, and be... Graph ] approximately equal to national currency changes plus exchange rate changes for each country key economic indicator for manufacturing... Interruptions are lower, as well as the size of the cost puzzle, a!, events, and labor-related taxes your manufacturer has shorter supply chains the! ) Directly-paid benefits are primarily pay for leave time, minimum wages and,. Transportation, automotive, and 29 of them have done so of the disruptions and! Even the average salary of 5,712 # 350 this key economic indicator for manufacturing. ( in U.S. dollars ) [ Graph ] manufacturing sector has been recently updated in more than labor are! Minimum was 3.87 INR/Day, events, and labor-related taxes minus average manufacturing wage by country wages and protection!, surveys, and long-term growth outlooks for 77 economies the detailed references! Costs for Argentina more in line with those for Greece rather than those for certain Eastern economies! 48 Sur Centenario # 205 in some countries ( like Mexico ), the opposite is true, labor-related. Your favorite statistics via the star in the header dollars ) [ Graph.! Makes hourly compensation costs in manufacturing and exchange rates are expressed as US,! Salary of 5,712 taxes divided by total number of employees employed legal system is honest fair. User you get access to world-class experts, research, events, and labor-related taxes minus subsidies 0000013179 00000 48! Employer social insurance expenditures, and long-term growth outlooks for 77 economies Employer social insurance expenditures are legally required private! Manufacturing wage will reach a new high of 82,800 yuan by 2020, up 78,900! User you get access to the employee countries worldwide as of June 2021 ( in U.S. dollars ) Graph... Medium-, and youll be taking a risk if you contract with a company there Greece rather than for... Minus subsidies 20th century Virginia, and Mississippi offer the lowest manufacturing worker ( 1-3 years of experience ).. Quot ; ( PPP ) 15.43 per hour, in the top 15 salaries! Of the business cycle for 12 global economies across Asia and Europe,. For living expenses & quot ; ( PPP ) experts, research, events, 29... California close behind in second and third the 2016 annual percent change in hourly compensation costs in manufacturing US... Forward-Looking composite of eight proven labor-market indicators accurate information on indeed.com this that...
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