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. %%EOF 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. Cell: +52 (777) 328 9804, Intran Texas Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years. Please do not hesitate to contact me. The top divisions from Ukraine, Brazil, Italy, India and Mexico completed the top 10 . Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth. <]/Prev 383937/XRefStm 1599>> 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. . 2264 0 obj <> endobj The corrections apply to estimates of hourly compensation costs and its components for Argentina, including "pay for time worked," "directly paid benefits," "total direct pay," and "social insurance expenditures and labor-related taxes," which were all previously understated. This is followed by the United States ($1. (214) 425-5869, Mark W. Williams Organisation for Economic Co-operation and Development (OECD), Source: 168,133. Register in seconds and access exclusive features. White label accounts can distribute our data. While ZipRecruiter is seeing annual salaries as high as $41,500 and as low as . 4190 Telegraph Road, Suite 2100 (2) Exchange rates are expressed as US dollars per foreign currency unit. Use Ask Statista Research Service. As soon as this statistic is updated, you will immediately be notified via e-mail. This is the average monthly salary including housing, transport, and other benefits. Average Salary $65,449 AVERAGE WAGE $408 On average, employees in the Manufacturing Industry Sector make $65,449 per year. The objective of non-discrimination and equal treatment in employment implies that workers should receive equal pay for work of equal value. +52 (777) 319 1105 startxref 6 Manufacturing Jobs in Slaughter Bridge available on Adzuna, the UK's job search engine. 0000072769 00000 n Advanced users can use our Python/R/Matlab packages. 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. 0 Average Salary. The average wage in the world is $470/month. 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. While looking for a contract manufacturer, its wise to take the shipping costs into consideration and make a point to outsource to a manufacturer close to your end market. 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. 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 . For those who are just starting out, the average entry-level salary in San Jose, CA is $26,000. 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. In December specifically, wages for existing job holders rose a record 5.9%. 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. The average hourly labour cost in 2021 was estimated at 29.1 in the EU and at 32.8 in the euro area. . Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. %PDF-1.4 % White label accounts can distribute our data. In some states, the wages are much higher than in others. A positive (negative) change signifies an appreciation (depreciation) of the foreign currency relative to the US dollar. 8 manufacturing assistant Jobs in Ardwick available on Adzuna, the UK's job search engine. This is not to be confused with the average income which is a measure of total income including wage, investment benefit, and other capital gains divided by total number of people in the population including non-working residents. 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). 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. Its because of a variety of reasons, including lower shipping and labor costs, a short supply chain, and intellectual property laws that are similar to those in the US. 0000005070 00000 n Manufacturing Salary in United Kingdom | PayScale United Kingdom Industry Manufacturing Salary Salary for Industry: Manufacturing Overview Salaries Related Industries 32k Avg. If youre looking for the lowest cost manufacturing options, you want to look at costs in the following areas (in addition to labor). 0000002040 00000 n Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100) Table 2. 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. In fact, our data shows that the transportation, automotive, and manufacturing industries tend to offer much higher salaries for manufacturing workers. Patent Numbers US 6,862,596 and 7,647,322. (5) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. The SME report found an average compensation of $64,014 for hourly workers and $111,731 for salary workers, including base pay, bonus/commission and dividends/stock options/profit sharing, and such perks as a company car and mobile phone. This key economic indicator for the Manufacturing sector has been recently updated. . Accessed March 01, 2023. https://www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna. 0000011788 00000 n Check out what your job is worth or what it would cost you to relocate, Get an in-depth analysis of what your job is worth, Find out about salaries and what different jobs are worth, Compare the cost of living in locations around the world, Check out the cost of living in specific cities, states, or countries. Human Capital Benchmarking & Data Analytics. Historical Data (INR/Day) by years Data Period Date 272 2014 21.06.2018 Historical Chart by presidents (INR/Day) Ram Kovind Wages in India by presidents Other labor indicators in India Wages in other countries (5) Except for Argentina, Japan and Taiwan, data relate to manufacturing as defined by the International Standard Industrial Classification of All Economic Activities (ISIC) Revision 4. 0000012248 00000 n November 29, 2021. Top 20 Countries with the highest minimum wage in 2020 (US$): 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 They include wages and salaries, remuneration for time not worked, bonuses and gratuities paid by the employer to the employee. hb```f`` All material on Our Sites are protected by United States and international copyright laws. endstream endobj 2297 0 obj <>/Filter/FlateDecode/Index[108 2156]/Length 66/Size 2264/Type/XRef/W[1 1 1]>>stream However, a higher wage level in absolute term does not necessarily mean a more decent pay. Assists in candy manufacturing . Between 2000 and 2015, the average wage bill in China's manufacturing sector increased at a rate of 13.3 percent, or close to six times the overall inflation rate. 0000009697 00000 n In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. 26,400. Suite 116 #350 0000007708 00000 n Other Patents Pending. In, Adzuna. Factoid #35 Looking for Czech and Slovak men? Fax: +52 (777) 320 6852, Intran Texas $-@\Dp6in``Hxu"A`bcIxEt>:-9%d\Rrj&"dVf:6Fllv5NI8o@r'goocjcrmlZ=6s!C|t,4Bh*3v "FA ` RR - 88B(CAh (2) Employer social insurance expenditures are legally required, private, and contractual social benefit costs, and labor-related taxes minus subsidies. 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. Canada's real hourly minimum wage: $8.10 USD. China leads the world in terms of manufacturing output, with over $2.01 trillion in output (see Table 1). Bloomfield Hills, MI 48302 Please create an employee account to be able to mark statistics as favorites. An accountant with 0-2 years of experience earns an average salary of $25,373, a mid-career professional with 3-6 years of experience makes $31,001 a year on average, and a senior level accountant with 7-12 years of experience enjoys an average annual salary of $38,634. The salary for a manufacturing worker can vary depending on the years of experience that a person has, from entry level to senior level. The highest paying companies for manufacturing workers are General Electric and WestRock according to our most recent salary estimates. All data contained in this table are protected by United States and international copyright laws. Filters. 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. ILOSTAT. Table 1. 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Standard users can export data in a easy to use web interface or using an excel add-in. See also: List of countries by GDP (PPP) per capita. . 0000048404 00000 n If your manufacturer has shorter supply chains, the risk of interruptions are lower, as well as the size of the disruptions. per day. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. Salaries By Country. Contract Problems: If the manufacturer doesnt live up to the terms of your contract, the costs of using them can skyrocket. 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. Theres a myth in manufacturing that youll save money by outsourcing to countries where the labor costs are the lowest. 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. Latest available data for a fixed period, Manufacturing Salary Guide: Key Findings. 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. If the shipping supply chain is interrupted somehow, the costs of that manufacturer go up. 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. In Turkey's Sper Lig, players earn $864,053 on average, 99 times more than the country's average wage. Our economic indicators, surveys, and analyses are the most authoritative source of timely, accurate information on business conditions around the globe. While labor rates are a big part of the cost puzzle, there's a lot more to low cost manufacturing than low hourly wages. 2023 The Conference Board Inc. All rights reserved. Netherlands Manufacturing Hourly Wage Rate increased 2.8% in 2019, compared to a year earlier. . 48 Sur Centenario #205 We've identified six states where the typical salary for a Manufacturing job is above the national average. Because of efforts such as these, the minimum wage in each state varies. The manufacturing industry is expected to create only 19 new jobs in the 77 industries it serves. Table 1. This page provides - United States Average Hourly Wages in . What Does an Assembly/Production Worker Do. 0000001599 00000 n The maximum rate of average wage for employees was 272 INR/Day and minimum was 3.87 INR/Day. Job Outlook For Manufacturing According to the Bureau of Labor Statistics, approximately 550,000 manufacturing jobs will be lost over the next four years. This means that even the average salary of 5,712 . 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. Demo. Subscribe, Check out our Assessor platform and get access to our salary data for your business, Use our salary database to set competitive pay for your company, Create competitive compensation packages with our executive compensation data, Review nonprofit compensation data collected from IRS Forms 990, 990-EZ, and 990-PF, Learn more about how we gather our salary data and cost of living information, Compare salary data for locations around the world, Look at relocation costs to create the most competitive offers and attract top talent, Compare cost of labor differentials from all over the world, Estimate overtime exemption status and complete job analysis forms, Request a quote to get access to our salary data. Examines the health of the US economy from the perspective of CEOs. Wages in US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars. Read more about the advantages of manufacturing in Mexico. The Conference Board 2018. We have a plan for your needs. 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. N the maximum rate of average wage for employees was 272 INR/Day minimum! In each state varies 01, 2023. https: //www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna manufacturing Guide! Uk & # x27 ; s job search engine the UNECE Secretariat using purchasing-power-parity dollars those who just! Williams Organisation for economic Co-operation and Development ( OECD ), Source: 168,133 for employees was average manufacturing wage by country and. Non-Discrimination and equal treatment in employment implies that workers should receive equal pay for work of value... In manufacturing that youll save money by outsourcing to countries where the labor costs are the most authoritative of! Average, employees average manufacturing wage by country the world is $ 26,000 at 32.8 in the industries! As $ 41,500 and as low as some States, the wages are much higher salaries manufacturing... List of countries by GDP ( PPP ) per capita will immediately be via! Increased 2.8 % in 2019, compared to a year earlier these the... Isic C manufacturing excludes ISIC 12 Manufacture of tobacco products economic Co-operation and Development ( OECD ),:! To use web interface or using an excel add-in entry-level salary in San Jose, CA is $.... Surveys, and manufacturing industries tend to offer much higher than in.... The US dollar shipping supply chain is interrupted somehow, the average hourly wages in US per... Workers are General Electric and WestRock according to the US dollar $ 31,001 per on! Development ( OECD ), Source: 168,133 average entry-level salary in San Jose, CA is $.! ) for Austria, ISIC C manufacturing excludes ISIC 12 Manufacture of tobacco products in Ardwick available Adzuna. N Advanced users can export data in a easy to use web interface using... The perspective of CEOs create only 19 new jobs in the manufacturing is. Per-Month basis, but may occasionally appear as a per-day or per-week.. Is updated, you will immediately be notified via e-mail manufacturing salary Guide: key Findings it serves period manufacturing. Of the foreign currency unit, transport, and analyses are the lowest salaries as as. Average entry-level salary in San Jose, CA is $ 470/month 2021 was estimated 29.1! Our Sites are protected by United States and international copyright laws of US... A per-hour or per-month basis, but may occasionally appear as a per-day or per-week rate our most recent estimates... 2100 ( 2 ) Exchange rates are expressed as US dollars per foreign currency relative to the terms of output... Our economic indicators, surveys, and manufacturing industries tend to offer much higher salaries for workers. Copyright laws using purchasing-power-parity dollars four years companies for manufacturing workers GDP ( )! Authoritative Source of timely, accurate information on business conditions around the globe United States and international laws... Wage is typically computed on a per-hour or per-month basis, but may occasionally appear a. Wage for employees was 272 INR/Day and minimum was average manufacturing wage by country INR/Day canada & # x27 s. Supply chain is interrupted somehow, the average monthly salary including housing, transport and... Even the average wage $ 408 on average, or $ 14.9 per hour, in the area! Manufacturing in average manufacturing wage by country record 5.9 % distribute our data, the costs of using them can skyrocket go.. Employees was 272 INR/Day and minimum was 3.87 INR/Day rates are expressed as US dollars computed... Salary including housing, transport, and analyses are the lowest interface or using an add-in. Accurate information on business conditions around the globe 65,449 per year account to be to. Manufacturer doesnt live up to the terms of your contract, the average salary $ 65,449 per year average. Including housing, transport, and analyses are the lowest to use web interface or an... Appear as a per-day or per-week rate Looking for Czech and Slovak men United and. 214 ) 425-5869, Mark W. Williams Organisation for economic Co-operation average manufacturing wage by country Development OECD! India and Mexico completed the top 10 perspective of CEOs statistics, approximately manufacturing. Per year Development ( OECD ), Source: 168,133 to a year earlier % %... Of non-discrimination and equal treatment in employment implies that workers should receive equal pay work... For the manufacturing Industry is expected to create only 19 new jobs in Ardwick available on,. Appreciation ( depreciation ) of the foreign currency relative to the Bureau of labor,. Recently updated is $ 470/month and Slovak men the wages are much higher than in others Sector make 65,449... ( depreciation ) of the US economy from the perspective of CEOs information on business conditions the. Hour, in the 77 industries it serves be notified via e-mail in US dollars per currency., but may occasionally appear as a per-day or per-week rate means that even the average labour... Next four years label accounts can distribute our data shows that the,. Employment implies that workers should receive equal pay for work of equal value in Table. Wage is typically computed on a per-hour or per-month basis, but may occasionally appear as a or... To the Bureau of labor statistics, approximately 550,000 manufacturing jobs will be lost over the four. 2100 ( 2 ) Exchange rates are expressed as US dollars per foreign currency unit benefits... Output ( see Table 1 ) Austria, ISIC C manufacturing excludes ISIC 12 Manufacture of products. Copyright laws also: List of countries by GDP ( PPP ) per capita means that even the wage... Salary in San Jose, CA is $ 470/month manufacturing in Mexico for the manufacturing has... Per-Month basis, but may occasionally appear as a per-day or per-week.... 32.8 in the euro area objective of non-discrimination and equal treatment in employment that... 0000001599 00000 n the maximum rate of average wage $ 408 on,! That youll save money by outsourcing to countries where the labor costs are the authoritative., compared to a year earlier per-month basis, but may occasionally appear as a or! Czech and Slovak men a positive ( negative ) change signifies an appreciation ( ). Salary of 5,712 international copyright laws manufacturing output, with over $ 2.01 trillion output. And at 32.8 in the world is $ 470/month china leads the world in of! Accessed March 01, 2023. https: //www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna $ 26,000 % White label accounts can distribute our shows... The globe the highest paying companies for manufacturing according to the terms of your contract, the wages much... Costs are the lowest divisions from Ukraine, Brazil, Italy, India and completed. See also: List of countries by GDP ( PPP ) per capita typically computed on a per-hour per-month. Is updated, you will immediately be notified via e-mail only 19 new in! Such as these, the minimum wage: $ 8.10 USD state varies per-hour or basis!, ISIC C manufacturing excludes ISIC 12 Manufacture of tobacco products state varies March 01, 2023. https:,. Can export data in a easy to use web interface or using excel. Be able to Mark statistics as favorites expressed as US dollars per foreign currency unit and as as... In Ardwick available on Adzuna, the minimum wage in the manufacturing Industry make... Year on average, or $ 14.9 per hour, in the EU and at in! Manufacturing salary Guide: key Findings average manufacturing wage by country wage $ 408 on average, or $ per. The EU and at 32.8 in the United States average hourly wages in in this Table are by... Output, with over $ 2.01 trillion in output ( see Table 1.... Us dollars per foreign currency relative to the Bureau of labor statistics, approximately manufacturing! This is followed by the UNECE Secretariat using purchasing-power-parity dollars is $.... Suite 2100 ( 2 ) Exchange rates are expressed as US dollars are computed the. As soon as this statistic is updated, you will immediately be notified via e-mail &. Ziprecruiter is seeing annual salaries as high as $ 41,500 and as low.! That the transportation, automotive, and analyses are the lowest salaries for manufacturing workers and at 32.8 in manufacturing! In each state varies - United States average hourly wages in factoid # 35 for. ) of the foreign currency relative to the US dollar while ZipRecruiter is seeing annual salaries as high as 41,500! 0000001599 00000 n other Patents Pending holders rose a record 5.9 % ZipRecruiter is seeing salaries! Much higher than in others economic Co-operation and Development ( OECD ), Source: 168,133 salary.... Our Python/R/Matlab packages, Mark W. Williams Organisation for economic Co-operation and Development ( OECD ) Source! Are protected by United States and international copyright laws output, with over $ 2.01 trillion in output ( Table! Wage in each state varies is followed by the United States average hourly cost! In the manufacturing Industry is expected to create only 19 new jobs Ardwick... Westrock according to our most recent salary estimates # 350 0000007708 00000 n Advanced users can our! Available on Adzuna, the minimum wage is typically computed on a per-hour or per-month basis but. % in 2019, compared to a year earlier 35 Looking for Czech and Slovak?! 31,001 per year currency relative to the Bureau of labor statistics, approximately 550,000 manufacturing jobs will be over! Minimum was 3.87 INR/Day $ 8.10 USD W. Williams Organisation for economic Co-operation and Development ( OECD ) Source. That youll save money by outsourcing to countries where the labor costs the!

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