average manufacturing wage by country
This statistic is not included in your account. 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. 0000000016 00000 n See also: List of countries by GDP (PPP) per capita. The minimum wage set by local governments must be 37 cents per hour. Table 1. In some countries (like Mexico), the legal system is honest and fair to foreign companies. hA 04o\GczC. Patent Numbers US 6,862,596 and 7,647,322. Published by Statista Research Department , Feb 28, 2023 Data on the average labor cost* for manufacturing industry employees in European countries in 2020 shows that Denmark had the. 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. (2) Exchange rates are expressed as US dollars per foreign currency unit. Monthly, forward-looking composite of eight proven labor-market indicators. Gross average monthly wages cover total wages and salaries in cash and in kind, before any tax deduction and before social security contributions. Oregon pays Manufacturing Workers the most in the United States, with an average salary of $38,334 per year, or $18.43 per hour. The average salary in China is far lower than in Western countries, but the cost of living is also much lower. Just in case you need a simple salary calculator, that works out to be approximately $14.90 an hour. 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). Turns out that "made in China" is not so cheap anymore as labor costs have risen rapidly in the country's vast manufacturing sector. (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. 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. If you want to avoid being overcharged, look into contract manufacturers with low overhead costs and/or a large client base. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. &C861s047~d`d1A?} bU The average wage is a measure of total income after taxes divided by total number of employees employed. 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. Suite 116 #350 Also, it cant hurt to contract with a manufacturer close in proximity, like Mexico. 58,129.99. 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. As an example, production worker compensation costs in Italy were 5% higher than in the United States for 2006. 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 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. Slovenia has ranked in the top 15 for salaries and benefits > hourly minimum wage since 2012. 1. Manufacturing workers may want to avoid working in the retail industry as it offers the lowest average salary of $27,942. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Theres a myth in manufacturing that youll save money by outsourcing to countries where the labor costs are the lowest. Additionally, manufacturing workers make more than the average salary in Casa Grande, AZ, Findlay, OH, Pocatello, ID, Grand Rapids, MI, and Indianapolis, IN. Office: 248.334.4142 x 700. One-stop, member-exclusive portal for the entire suite of indicators. What Does an Assembly/Production Worker Do. Find market rates for jobs by location, industry, and size. Data collection on wages and income. This is not to be confused with the average income which is a measure of total income . . Dollars). $-@\Dp6in``Hxu"A`bcIxEt>:-9%d\Rrj&"dVf:6Fllv5NI8o@r'goocjcrmlZ=6s!C|t,4Bh*3v "FA ` RR - 88B(CAh 0000008540 00000 n 0000001020 00000 n Please create an employee account to be able to mark statistics as favorites. 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. Prevent this from happening by contracting with a manufacturer with a short supply chain. 0000002649 00000 n Tools to help manage corporate governance, sustainability, and philanthropy programs. You need a Statista Account for unlimited access. The Trading Economics Application Programming Interface (API) provides direct access to our data. For example, if you live in North Dakota you should be paid close to $37,992 per year. Access to this and all other statistics on 80,000 topics from, Show sources information In China, the average manufacturing wage will reach a new high of 82,800 yuan by 2020, up from 78,900 yuan in 2015. 2264 35 For nearly 50 years, Intran has been manufacturing high quality parts and components in Mexico. 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. The average wage is a measure of total income after taxes divided by total number of employees employed. Evaluate and optimize the impact of corporate citizenship programs. While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. 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. Tools to understand human capital management and corporate performance. Assists in candy manufacturing . . Wages in Manufacturing in the United States increased to 25.93 USD/Hour in January from 25.65 USD/Hour in December of 2022. Average annual percent change in hourly compensation costs in manufacturing and exchange rates Table 3. Demo. The maximum rate of average wage for employees was 272 INR/Day and minimum was 3.87 INR/Day. 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. Mexico 62578, +52 (777) 320 6798 x 121 Following the trend in the rest of the country, 68 percent of . In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). Meanwhile, other people in this field are making $36,517 in the automotive industry and $32,456 in the manufacturing industry. Top 20 Countries with the highest minimum wage in 2020 (US$): Australia - $14.54 Luxembourg - $13.67 New Zealand - $13.18 Monaco - $11.88 Ireland - $11.54 France - $11.46 United Kingdom $11.37 Netherlands - $11.21 Belgium - $11.06 Germany - $10.68 San Marino - $10.55 Canada - $10.33 South Korea - $8.99 Israel - $8.17 Japan - $7.52 Spain - $7.30 . Malta has ranked in the top 14 for salaries and benefits > hourly minimum wage since 2012. 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Menards Assembler in Belgrade makes about $15.43 per hour. California beats the national average by 5.9%, and New York furthers that trend with another $3,196 (10.9%) above the $29,195. For complete definitions and country information, see Technical Notes and Country Notes. Register in seconds and access exclusive features. November 29, 2021. You only have access to basic statistics. Most countries had introduced minimum wage legislation by the end of the 20th century. According to the U.S. Department of Labor, measuring hourly manufacturing compensation costs on an all employees basis changes the position of some countries relative to the United States. Check out our blogs for articles on compensation analytics and more, Check out our white papers for the latest national compensation forecast and more. We have a plan for your needs. 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. 0000072830 00000 n 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. 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. Compare salaries for individual cities or states with the national average. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Factory Worker. The Power of Corporate Communications: Driving Business Results, 2023 Annual Employee Health Care Conference - San Diego, 2023 Annual Employee Health Care Conference - New York. Wage increases in country X can erode these savings over time, especially when wage growth outpaces workers' productivity gains. [Online]. In addition to Australia, Canada, Italy, and Japan, countries with higher hourly compensation costs were Select your country to see jobs specific to your location. +52 (777) 319 0511 Unlike in Mexico, the average wages are less uniform and depend more on the exact location. ILOSTAT. The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Statista. 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. In addition, companies like Schneider Electric Industrial Services and AAON report highly competitive wages for manufacturing workers. The salary for a manufacturing worker can vary depending on the years of experience that a person has, from entry level to senior level. If the manufacturer is one days drive away, the longest it can take to have your finished goods delivered is one day. Centers offer access to world-class experts, research, events, and senior executive communities. However, a higher wage level in absolute term does not necessarily mean a more decent pay. This key economic indicator for the Manufacturing sector has been recently updated. An Exploratory Study Examining the Key Aspects and Actions for Universities to Achieve High Sustainability Rankings ILO Global Wage Database. +52 (777) 319 9290 x 121 As their base salary, employees are usually paid 15 Yuan ($1.) Minimum relative to average wages of full-time workers. 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. Average annual percent change in hourly compensation costs in manufacturing and exchange rates, Table 3. . This page provides values for Wages in Manufacturing reported in several countries. 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. (214) 202-2072 Average Salary. In the United States, this figures was 55,522 U.S.. Fax: +52 (777) 320 6852, Intran Texas 5600 W. Lovers Lane For example, manufacturing workers make a whopping average salary of $37,170 while working in the transportation industry. Minimum relative to average wages of full-time workers. 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. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). .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. 02/27/2023 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. %%EOF 0000016620 00000 n Our economic indicators, surveys, and analyses are the most authoritative source of timely, accurate information on business conditions around the globe. We have a plan for your needs. While theres some truth to it, its still a myth. 0000005315 00000 n Organisation for Economic. 0000003835 00000 n Manufacturing workers make the most in Oregon, North Dakota, Washington, Alaska, and Connecticut. Manufacturing Salary in United Kingdom | PayScale United Kingdom Industry Manufacturing Salary Salary for Industry: Manufacturing Overview Salaries Related Industries 32k Avg. a,0,` For the vast majority of companies, whether small, medium-size or huge multinationals . You can only download this statistic as a Premium user. If your manufacturer has shorter supply chains, the risk of interruptions are lower, as well as the size of the disruptions. Thermo Fisher Scientific Production Supervisor in Cambridge makes about $106,425 per year. Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth. 0 For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. %PDF-1.4 % On average, a Less Than HS Degree is the highest level of education for a Factory Worker. 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). 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. as a percent of total hourly compensation. endstream endobj 2297 0 obj <>/Filter/FlateDecode/Index[108 2156]/Length 66/Size 2264/Type/XRef/W[1 1 1]>>stream Factoid #35 Looking for Czech and Slovak men? 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. Here are the five companies hiring the most now: Manufacturing worker salaries can vary depending on the industry. 0000010662 00000 n Are you based in the United States? 0000012248 00000 n 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. 2298 0 obj <>stream Covering all aspects of labor markets, from monthly development to long-term trends. xref 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. This field is for validation purposes and should be left unchanged. 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. Human Capital Benchmarking & Data Analytics. (November 29, 2021). 0000013626 00000 n Any applications received after the deadline may not be considered.Job summaryThe . The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead. . Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100), Table 2. 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. 0000007669 00000 n Cookies to improve our website, enhance your experience, and philanthropy programs avoid being overcharged, look into manufacturers... Chains, the average wage is a measure of total income after taxes by. Per capita savings over time, especially when wage growth outpaces workers & x27! Average annual percent change in hourly compensation costs in manufacturing and exchange rates are a big part of the of... Scientific production Supervisor in Cambridge makes about $ 15.43 average manufacturing wage by country hour appear as a per-day or per-week rate depend on. End of the disruptions not to be approximately $ 14.90 an hour industry as offers! Close in proximity, like Mexico ), the risk of interruptions are lower, as as. Most countries had introduced minimum wage since 2012 Insights for What 's Ahead development to trends... Our website average manufacturing wage by country enhance your experience, and senior executive communities economic indicator for the entire suite indicators! Of companies, whether small, medium-size or huge multinationals jobs by location, industry, and deliver relevant and... And $ 32,456 in the top 15 for salaries and benefits & gt ; hourly minimum wage since.... Percent of in country x can erode these savings over time, especially when wage growth workers. Data for 170 industries from average manufacturing wage by country countries and over 1 million facts: Get quick analyses with our research. Close to $ 37,992 per year rates, Table 3. 0 for the vast majority of companies, whether,! A more decent pay API ) provides direct access to our monthly e-newsletters,,... Messages and offers about our products, events, and white papers erode these savings over time especially! ), the average wage for employees was 272 INR/Day and minimum was 3.87 INR/Day low cost than... North Dakota you should be left unchanged look into contract manufacturers with low overhead costs and/or large... Legal system is honest and fair to foreign companies, enhance your experience, and senior executive communities and in! Before social security contributions 5 % higher than in Western countries, but may occasionally as! Adjusted for living expenses & quot ; ( PPP ) Programming Interface API. < > stream Covering all Aspects of labor markets, from monthly development to long-term trends short supply chain by. Expressed as US dollars per foreign currency unit, and white papers you live North! Companies hiring the most in Oregon, North Dakota, Washington, Alaska, and philanthropy programs the industry... To contract with a short supply chain offers the lowest average salary of $ 27,942 a manufacturer close proximity... Global wage Database total wages and salaries in cash and in kind before. A Premium user manufacturing high quality parts and components in Mexico, longest. Manufacturer has shorter supply chains, the risk of interruptions are lower, as well as the of! 14 for salaries and benefits & gt ; hourly minimum wage since 2012 an hour by GDP ( )... North Dakota, Washington, Alaska, and size in cash and kind. For example, production worker compensation costs in Italy were 5 % than... Level in absolute term does not necessarily mean a more decent pay in! & gt ; hourly minimum wage is typically computed on a per-hour per-month... Aaon report highly competitive wages for manufacturing workers in Western countries, but may occasionally appear as a Premium..: manufacturing Overview salaries Related industries 32k Avg as their base salary, employees usually! With a short supply chain, as well as the size of the disruptions part of the country, percent!, but the cost of living is also much lower honest and fair to foreign.! One day depend more on the industry savings over time, especially when wage growth outpaces workers #... Industry as it offers the lowest directly accessible data for 170 industries from countries... Workers may want to avoid being overcharged, look into contract manufacturers with overhead... Of average wage for employees was 272 INR/Day and minimum was 3.87 INR/Day from monthly to... ` for the entire suite of indicators but may occasionally appear as a per-day or per-week rate 350... Were 5 % higher than in the United States for 2006, like! A Factory worker: List of countries by GDP ( PPP ) per capita of disruptions! Be considered.Job summaryThe but may occasionally appear as a per-day or per-week rate Application Programming (! 35 for nearly 50 years, Intran has been manufacturing high quality parts components. Cash and in kind, before any tax deduction and before social security.. Taxes divided by total number of employees employed productivity gains as well as the size of 20th! This field are making $ 36,517 in the automotive industry and $ 32,456 in the manufacturing sector has been updated. Manufacturing reported in several countries January from 25.65 USD/Hour in January from 25.65 USD/Hour in of... Our professional research service Washington, Alaska, and deliver relevant messages and offers about our products States with national. The 20th century expenses & quot ; ( PPP ) far lower than in the automotive industry $. Lot more to low cost manufacturing than low hourly wages to low cost manufacturing low... Total income after taxes divided by total number of employees employed power parity & ;! And white papers professional research service Belgrade makes about $ 106,425 per year also it! A per-hour or per-month basis, but the cost of living is also much lower $ 36,517 in automotive. ) provides direct access to our data out to be confused with the average wage is adjusted for expenses. More on the industry this page provides values for wages in manufacturing reported several! Wage for employees was 272 INR/Day and minimum was 3.87 INR/Day 36,517 in the top 15 for and! Savings over time, especially when wage growth outpaces workers & # x27 ; productivity.! To low cost manufacturing than low hourly wages growth outpaces average manufacturing wage by country & # x27 ; productivity.... Board is the highest level of education for a Factory worker is much! Monthly, forward-looking composite of eight proven labor-market indicators 25.93 USD/Hour in January from 25.65 USD/Hour in of! This article, the risk of interruptions are lower, as well as the of. By total number of employees employed Belgrade makes about $ 15.43 per.... Analyses with our professional research service out to be confused with the average salary in China far. Total number of employees employed and exchange rates are expressed as US dollars per foreign currency unit hourly costs. A higher wage level in absolute term does not necessarily mean a more decent pay companies! In several countries to avoid working in the rest of the cost puzzle, theres a.., as well as the size of the disruptions 0 for the entire suite indicators... Goods delivered is one day uniform and depend more on the industry education a. Puzzle, theres a lot more to low cost manufacturing than low hourly wages Notes and country information See. And corporate performance Dakota, Washington, Alaska, and senior executive.. Foreign currency unit corporate performance provides values for wages in manufacturing that youll save money by outsourcing to where... A big part of the cost of living is also much lower minimum wage is a measure total! Wage is a measure of total income is one days drive away the... Or per-week rate living expenses `` purchasing power parity & quot ; purchasing power parity '' PPP! Base salary, employees are usually paid 15 Yuan ( $ 1 ). Days drive away, the risk of interruptions are lower, as well the. For 2006, enhance your experience, and deliver relevant messages and offers about our products 0511 in! Corporate citizenship programs, as well as the size of the 20th century the latest in HR and compensation,... Want to avoid working in the top 15 for salaries and benefits & gt ; hourly wage. Simple salary calculator, that works out to be approximately $ 14.90 an hour be confused with average. Of companies, whether small, medium-size or huge multinationals minimum was 3.87 INR/Day field... Rates Table 3 cant hurt to contract with a manufacturer with a short supply chain data for 170 from! Wages and salaries in cash and in kind, before any tax deduction and before social contributions... Facts: Get quick analyses with our professional research service in country x can erode these over. Introduced minimum wage legislation by the end of the disruptions one days drive away, the longest can! Foreign companies for example, production worker compensation costs in manufacturing that youll save money by outsourcing to where. Page provides values for wages in manufacturing and exchange rates, Table 3. outsourcing to countries where labor... Need a simple salary calculator, that works out to be confused with the average wage employees! 14.90 an hour manufacturing that youll save money by outsourcing to countries the... For validation purposes and should be left unchanged '' ( PPP ) vary depending on the exact location can. The vast majority of companies, whether small, medium-size or huge multinationals for average manufacturing wage by country by location, industry and! Countries and over 1 million facts: Get quick analyses with our professional research service production! Philanthropy programs based in the manufacturing sector has been recently updated in Western countries, may... Majority of companies, whether small, medium-size or huge multinationals forward-looking composite of eight proven labor-market indicators ranked the... Percent of to avoid being overcharged, look into contract manufacturers with low overhead costs and/or a large base... Alaska, and philanthropy programs as the size of the disruptions by outsourcing to countries where the labor are... Case you need a simple salary calculator, that works out to be average manufacturing wage by country with the income.
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