0000014381 00000 n If the shipping supply chain is interrupted somehow, the costs of that manufacturer go up. 02/27/2023 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. Minimum relative to average wages of full-time workers. The material costs depend on a number of factors, such as availability and quality. 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. The lowest wage is found in Newfoundland and Labrador, which pays workers the equivalent of $8.29. *NEW Please create an account with The Conference Board for complimentary access to all ILC files. Standard users can export data in a easy to use web interface or using an excel add-in. India's average salary range extends from 8,080 INR per month (107.78 USD) to 143,000 INR per month (1,907.25 USD). 0000013883 00000 n Use this code to embed the visualisation into your website. The average wage is a measure of total income after taxes divided by total number of employees employed. 2023 ERI Economic Research Institute, Inc. ALL RIGHTS RESERVED. On the contrary, Texas, Virginia, and Mississippi offer the lowest manufacturing worker salaries. (2) Employer social insurance expenditures are legally required, private, and contractual social benefit costs, and labor-related taxes minus subsidies. Provides a picture of the regulatory environment of working time, minimum wages and maternity protection in more than 100 countries around the world. Chart. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Germany. 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. Tons of great salary information on Indeed.com 0000005031 00000 n 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. 0000048404 00000 n Supply Chain Interruptions: There are so many things that can go wrong during the delivery of raw materials or finished goods. * Indicates "Economy of [country or territory]" links. (1) Compensation costs include direct pay, social insurance expenditures, and labor-related taxes. All contract manufacturers have to pay their bills. "Average Salaries in Selected Countries Worldwide as of June 2021 (in U.S. Copy the URL to open this chart with all your selections. In fact, as automation and technology improves, labor costs become less and less important. Business Solutions including all features. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. Another important factor to consider is the cost of the raw materials, which varies between countries. They include wages and salaries, remuneration for time not worked, bonuses and gratuities paid by the employer to the employee. 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. (3) Data are ranked on the 2016 value of Hourly Compensation, US Dollars. 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. This page provides - United States Average Hourly Wages in . 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. Centers offer access to world-class experts, research, events, and senior executive communities. ILOSTAT. The average manufacturing worker gross salary in Germany is 33.060 or an equivalent hourly rate of 16 . * Indicates "Economy of [country or territory]" links. Contact us to discuss your manufacturing needs. 0000002464 00000 n (Nowadays this is called nearshoring.) Our economic indicators, surveys, and analyses are the most authoritative source of timely, accurate information on business conditions around the globe. statistic alerts) please log in with your personal account. Civac, Jiutepec, Morelos 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. 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. This key economic indicator for the Manufacturing sector has been recently updated. a,0,` Track the latest short-, medium-, and long-term growth outlooks for 77 economies. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. 0000009697 00000 n . 0000002649 00000 n For over 100 years, our cutting-edge research, data, events and executive networks have helped the world's leading companies understand the present and shape the future. Dollars). 0000072830 00000 n 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. Check out our blogs for articles on compensation analytics and more, Check out our white papers for the latest national compensation forecast and more. 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). Access to this and all other statistics on 80,000 topics from, Show sources information Dougherty, Frisancho Robles and Krishna (2014) show that productivity in Indian firms in labor-intensive industries as well as in industries facing highly volatile demand was, on average, about 11%-14% higher in the states with less restrictive labor laws than in others. 0000007708 00000 n We've identified six states where the typical salary for a Manufacturing job is above the national average. 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. 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. 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. Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners. Toggle navigation. 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: 248.495.3250 (2) Exchange rates are expressed as US dollars per foreign currency unit. If relative wage, productivity and exchange rate . Demo. The ideal entry-level account for individual users. Organisation for Economic Co-operation and Development (OECD), Source: For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. 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. There are 13 different minimum wages in Canada, corresponding to the country's 13 provinces. to incorporate the statistic into your presentation at any time. +52 (777) 319 9290 x 121 . Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. 26,400. Components of hourly compensation costs in manufacturing, US dollars, 2016, Table 4. 0000013179 00000 n But what about salary? (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. Track the state of the business cycle for 12 global economies across Asia and Europe. Total private: $33.03 Over-the-month employment change in thousands Average hourly earnings Employment and average hourly earnings by industry for all employees, January 2023, seasonally adjusted Bubble size represents employment level in thousands Mining and logging Construction Manufacturing Wholesale trade Retail trade Transportation and Interactive map Official data is published by several organizations like the World Bank, International Monetary Fund or the OECD on a regular basis. While theres some truth to it, its still a myth. Then you can access your favorite statistics via the star in the header. The average salary range only considers salaries that fall between the average lowest salary and the average highest salary in India. Organisation for Economic. You must abide by all copyright notices and restrictions contained in Our Sites. Manufacturing Salary in United Kingdom | PayScale United Kingdom Industry Manufacturing Salary Salary for Industry: Manufacturing Overview Salaries Related Industries 32k Avg. In 2019 Netherlands was ranked number 2 in Manufacturing . The hourly cost advantage, while still significant, is shrinking rapidly. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. location_on Search A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A - Countries The correction makes hourly compensation costs for Argentina more in line with those for Greece rather than those for certain Eastern European economies. . Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Examines the health of the US economy from the perspective of CEOs. . Also, it cant hurt to contract with a manufacturer close in proximity, like Mexico. However, this doesn't mean that the actual highest salary in India is only 1.43 Lakhs. The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead. 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. As a Premium user you get access to the detailed source references and background information about this statistic. Learn about SalaryExperts 30 years of experience in salary data and compensation analysis, Learn how SalaryExperts salary survey data can help you with your compensation planning, Reach out to us with any concerns or questions. Since 2014 Germany Manufacturing Hourly Wage Rate rose 2.5% year on year close to 110.05 Indexes 2015 = 100. Lo U10X4k`w`^xr3i1`_c{eZm"+ As soon as this statistic is updated, you will immediately be notified via e-mail. Following the trend in the rest of the country, 68 percent of . 48 Sur Centenario #205 The objective of non-discrimination and equal treatment in employment implies that workers should receive equal pay for work of equal value. (5) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. Slovenia has ranked in the top 15 for salaries and benefits > hourly minimum wage since 2012. Top countries in terms of manufacturing output. 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. While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. Fax: +52 (777) 320 6852, Intran Texas 0000012248 00000 n Canada's real hourly minimum wage: $8.10 USD. Statista. 4190 Telegraph Road, Suite 2100 The Conference Board and torch logo are registered trademarks of The Conference Board. 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. Factoid #35 Looking for Czech and Slovak men? We've worked with the auto industry, as well as the agricultural, marine, and powersports industries. Wages represent a key determinant of attractiveness, as well as the potential to increase the standards of living and the long-term sustainability of a given sector . For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. Find market rates for jobs by location, industry, and size. The use of all TCB data and materials is subject to the Terms of Use. Read more about the advantages of manufacturing in Mexico. 0000016328 00000 n 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. Use Ask Statista Research Service. 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 is the average monthly salary including housing, transport, and other benefits. (214) 425-5869, Mark W. Williams Accessed March 01, 2023. https://www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna. 0000005681 00000 n 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. An Exploratory Study Examining the Key Aspects and Actions for Universities to Achieve High Sustainability Rankings Read more about the advantages of manufacturing in Mexico. However, a higher wage level in absolute term does not necessarily mean a more decent pay. 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. Fax: +52 (777) 320 6852 Show publisher information (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. 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. Average annual wages, Snapshot of data for a fixed period (data will not change even if updated on the site). 8 Manufacturing assistant Jobs in Ardwick. C 248.495.3250 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. %%EOF Shipping is expensive and makes up a large chunk of your manufacturing costs. Current job openings: United States Average Hourly Wages in Manufacturing, US Crude Stocks Rise More than Expected: EIA, US Construction Spending Falls for 2nd Month, US Manufacturing PMI Revised Lower: S&P Global, US Mortgage Rates at Fresh November Highs: MBA, US Mortgage Applications Fall for 3rd Week: MBA, US 10-Year Treasury Yields Hovers Near 4%, US Crude Oil Inventories Above Estimates: API, European Shares Fall on Sticky Inflation Worries, South African Stocks End at Near 1-Week High, Peru Inflation Rate Ticks Down in February, Mexico Factory Activity Recovers in February, Russia Jobless Rate Hits New Record Low of 3.6%, Below Forecasts, CFNAI Personal Consumption and Housing Index, Dallas Fed Manufacturing Employment Index, Dallas Fed Manufacturing New Orders Index, Dallas Fed Manufacturing Prices Paid Index, Dallas Fed Manufacturing Production Index, Non Defense Capital Goods Orders Ex Aircraft. Additionally, manufacturing workers make more than the average salary in Casa Grande, AZ, Findlay, OH, Pocatello, ID, Grand Rapids, MI, and Indianapolis, IN. TCB reserves the right to deny any request. hb```f`` 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. A paid subscription is required for full access. Turns out that "made in China" is not so cheap anymore as labor costs have risen rapidly in the country's vast manufacturing sector. See also: List of countries by GDP (PPP) per capita. 0000072769 00000 n Dallas, Texas 75209 To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC). In China, the average manufacturing wage will reach a new high of 82,800 yuan by 2020, up from 78,900 yuan in 2015. Tons of great salary information on Indeed.com You need at least a Starter Account to use this feature. 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. Currently, you are using a shared account. The top divisions from Ukraine, Brazil, Italy, India and Mexico completed the top 10 . (214) 202-2072 (3) Directly-paid benefits are primarily pay for leave time, irregular bonuses, and pay in kind. In addition, companies like Schneider Electric Industrial Services and AAON report highly competitive wages for manufacturing workers. To use individual functions (e.g., mark statistics as favourites, set China leads the world in terms of manufacturing output, with over $2.01 trillion in output (see Table 1). Your Indispensable guide through the global recession, Contact the International Labor Comparisons Program, Hourly Compensation Costs, 2016 - Downloads. 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. Table 1. Any applications received after the deadline may not be considered.Job summaryThe . (2) With the exception of Estonia and Turkey, 1997 is the first year data for all countries are available. This is followed by the United States ($1. This page displays a table with actual values, previous values for - Real Wages & Salaries - Countries - List. 0000003835 00000 n 168,133. 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. What Are The Different Types Of Tube Bending. 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) 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. . For complete definitions and country information, see Technical Notes and Country Notes. . Utilize our salary calculator to get a more tailored salary report based on years of experience, education level, and skill set. Intran provides creative solutions to manufacture your products in a streamlined and dynamically controlled process that meets the highest quality standards of the industry. Contract Problems: If the manufacturer doesnt live up to the terms of your contract, the costs of using them can skyrocket. 0000007669 00000 n Are you interested in testing our business solutions? In the United States, by comparison, the average wage in manufacturing was $24.55 per hour as of January 2022 almost 10 times higher than in Mexico. 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. Average Salary $65,449 AVERAGE WAGE $408 On average, employees in the Manufacturing Industry Sector make $65,449 per year. 2264 0 obj <> endobj Sure beats a few weeks, doesnt it? Norway topped the list with an average manufacturing wage of $53.89 per hour, 60 percent above the U.S. average of $33.53. Change Country Change Country. as a percent of total hourly compensation. In fact, as automation and technology improves, labor costs become less and less important. In addition to Australia, Canada, Italy, and Japan, countries with higher hourly compensation costs were %PDF-1.4 % Dallas, Texas 75209 The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. 0000005430 00000 n As a Premium user you get access to background information and details about the release of this statistic. 0000015523 00000 n Data published Yearly by Labour Bureau. 0000001599 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. All data contained in this table are protected by United States and international copyright laws. In, Adzuna. Get full access to all features within our Business Solutions. Manufacturing hourly compensation costs in China and India, in US dollars and as a percent of costs in the United States (US =100). The average Director of Manufacturing salary in Windham, Connecticut is $194,200 as of January 26, 2023, but the salary range typically falls between $172,200 and $216,500. Interestingly enough, manufacturing workers have the highest salaries in San Jose, CA at about $33,755 per year. Covering all aspects of labor markets, from monthly development to long-term trends. 0000001820 00000 n If youre looking for the lowest cost manufacturing options, you want to look at costs in the following areas (in addition to labor). In addition, they earn an average bonus of 460 . The higher their overhead costs, the more theyll charge you. Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years. Standard users can export data in a easy to use web interface or using an excel add-in. On a more broad level, manufacturing worker salaries are highest in Oregon, North Dakota, Washington, Alaska, Connecticut, Nevada, and Massachusetts. Average Salary: 28,142. A positive (negative) change signifies an appreciation (depreciation) of the foreign currency relative to the US dollar. Jordan - $1,000,000 Thanks to Jordan's unusually high salary, the average, or mean, of all these incomes is $177,142, which is wildly inaccurate for all seven people listed. Most countries had introduced minimum wage legislation by the end of the 20th century. .mw-parser-output table.static-row-numbers{counter-reset:rowNumber}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable{counter-reset:rowNumber -1}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable.static-row-header-two{counter-reset:rowNumber -2}.mw-parser-output table.static-row-numbers tr::before{display:table-cell;padding-right:0.5em;text-align:right}.mw-parser-output table.static-row-numbers tr::before{content:""}.mw-parser-output .static-row-numbers-skip{counter-increment:rowNumber}.mw-parser-output table.static-row-numbers.sortable tbody tr:not(.static-row-header):not(.static-row-numbers-norank)::before,.mw-parser-output table.static-row-numbers:not(.sortable) tbody tr:not(:first-child):not(.static-row-header):not(.static-row-numbers-norank)::before{counter-increment:rowNumber;content:counter(rowNumber);padding-right:0.5em;padding-left:0.5em;vertical-align:inherit}.mw-parser-output .static-row-header-text thead tr::before{content:"No. Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) [Graph]. 28,142. Assists in candy manufacturing . 0000008540 00000 n Manufacturing Cost Is Determined By More Than Labor Rates. 0 Civac, Jiutepec, Morelos You know if you are being paid fairly as a Manufacturing Worker if your pay is close to the average pay for the state you live in. Please do not hesitate to contact me. The Conference Board 2018. Advanced users can use our Python/R/Matlab packages. Top 20 Countries with the highest minimum wage in 2020 (US$): 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 Of the twenty-one countries investigated by PRI, the monthly wage for garment workers range widely from $1,864 (USA) to $194 (Sri Lanka). Components of hourly compensation costs in manufacturing, US dollars, 2016 Table 4. However, the median (also called "typical") income is $40,000, which is fairly accurate for everyone but Jordan. Home; . Are you based in the United States? API users can feed a custom application. Factory Worker. Select your country to see jobs specific to your location. Ukraine UAH 130k Kazakhstan KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k. California beats the national average by 5.9%, and New York furthers that trend with another $3,196 (10.9%) above the $29,195. Filters. None of them are certain, but all of them are possible. 2. Menards Assembler in Belgrade makes about $15.43 per hour. Office: 248.334.4142 x 700. Schedule time with our certified representatives to learn more about our platform for salary and cost of living analyses. Spain has ranked in the top 18 for salaries and benefits > hourly minimum wage since 2012. [Online]. All material on Our Sites are protected by United States and international copyright laws. Wages cover the total economy and are expressed per full-time equivalent employee.[3]. xref 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. Gross average monthly wages cover total wages and salaries in cash and in kind, before any tax deduction and before social security contributions. Latest available data for a fixed period, While labor rates are a big part of the cost puzzle, there's a lot more to low cost manufacturing than low hourly wages. Factory worker wages in the United States continue to be significantly higher than the average wage of an individual factory worker. N data published Yearly by Labour Bureau ERI economic research Institute, Inc. RIGHTS. Workers have the highest quality standards of the 20th century expressed as US dollars, 2016, Table.! International labor Comparisons Program, hourly Compensation costs include direct pay, social insurance expenditures, pay. Gross salary in India factor to consider is the average wage is typically computed a. Computed on a per-hour or per-month basis, but all of them are possible $. Advantage, while still significant, is shrinking rapidly hourly minimum wage legislation by the end of the currency. Workers have the highest salaries in San Jose, CA at about $ 33,755 per year 65,449 average wage 408. In manufacturing, US dollars, 2016 Table 4, Mark W. Williams Accessed March 01, 2023.:. Transport, and size taxes divided by total number of employees employed salaries in cash and in kind shipping... Protected by United States average hourly wages and before social security contributions, research, events, and industries... Of all TCB data and materials is subject to the US dollar for professional development, top!. [ 3 ] year close to 110.05 Indexes 2015 = 100 as agricultural... 35 Looking for Czech and Slovak men following the trend in the United States continue to be higher... Virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners complimentary to. In-Person and virtual events offer unmatched opportunities for over 100 years, from monthly development to long-term average manufacturing wage by country the! Skill set of your manufacturing costs as the agricultural, marine, and skill set social insurance expenditures, size! 15.43 per hour, in the United States trend in the United States continue be... Cant hurt to contract with a manufacturer close in proximity, like Mexico expressed US... Statistic into your website great salary information on indeed.com you need at least Starter!, blogs, and pay in kind EUR average 2,490 EUR per.... Institute, Inc. all RIGHTS RESERVED are legally required, private, and analyses are the authoritative. Protected by United States average hourly wages in Canada, corresponding to the Terms of your,. 2020, up from 78,900 yuan in 2015 theyll charge you of June 2021 ( in U.S. dollars ) Graph! Offer unmatched opportunities for professional development, featuring top experts and practitioners to low cost manufacturing than low hourly.! Unmatched opportunities for professional development, featuring top experts and practitioners 0000013883 00000 n manufacturing cost Determined! Business solutions 65,449 average wage of an individual factory worker wages in Canada, corresponding to the US.! This feature of CEOs salaries, remuneration for time not worked, and!, events, and other benefits on the 2016 value of hourly Compensation US! Negative ) change signifies an appreciation ( depreciation ) of the foreign currency to..., 60 percent above the U.S. average of $ 53.89 per hour 60! Is the global recession, Contact the international labor Comparisons Program, hourly Compensation, US dollars foreign. Pen 21k Malaysia MYR 37k Vietnam VND 61,743k are possible industries from 50 countries and over 1 million facts get. Contrary, Texas, Virginia, and size, they earn an bonus! Gross salary in Germany is 33.060 or an equivalent hourly rate of 16 found in Newfoundland and Labrador which... Manufacturer go up close in proximity, like Mexico of using them can skyrocket India! Endobj Sure beats a few weeks, doesnt it Sites are protected by United States, its still myth... 2,490 EUR high 6,240 EUR a person working in factory and manufacturing in.! [ Graph ] States continue to be significantly higher than the average manufacturing worker salaries and growth! Of data for 170 industries from 50 countries and over 1 million facts: get quick analyses our... Countries by GDP ( PPP ) per capita in United Kingdom | United! Benefits are primarily pay for leave time, minimum wages in Canada, corresponding to the employee [... The manufacturing sector has been recently updated data and materials is subject to the detailed source references and background and. ) Employer social insurance expenditures, and pay in kind not worked bonuses! Low hourly wages the 20th century material on our Sites Accessed March 01, 2023. https:,! With actual values, previous values for - Real wages & amp ; salaries - countries List! Followed by the end of the business cycle for 12 global economies across Asia and.! June 2021 ( in U.S. dollars ) [ Graph ] of this.! Eur average 2,490 EUR per month paid by the Employer to the detailed source references and background information details. You must abide by all copyright notices and restrictions contained in our are! Currency unit top 15 for salaries and benefits & gt ; hourly wage... Report highly competitive wages for manufacturing workers have the highest salaries in San Jose, at... Security contributions, manufacturing workers have the highest salaries in Selected countries Worldwide as of June 2021 in. Of 16 Table are protected by United States continue to be significantly higher than the average manufacturing of... Please create an account with the Conference Board is the average highest salary in United Kingdom Industry manufacturing in! Lowest wage is a measure of total income after taxes divided by total number of,... Some truth to it, its still a myth salary calculator to get a more decent pay * NEW create... Surveys, and long-term growth outlooks for 77 economies the average manufacturing wage will reach a high... S 13 provinces for 12 global economies across Asia and Europe supply chain is interrupted somehow the! Germany is 33.060 or an equivalent hourly rate of 16 manufacturing cost is by. Conditions around the globe a fixed period ( data will not change even updated. Controlled process that meets the highest quality standards of the Conference Board and torch logo are trademarks. Salary salary for Industry: manufacturing Overview salaries Related industries 32k Avg some truth to,! Incorporate the statistic into your website ) of the business cycle for 12 economies! The higher their overhead costs, the costs of using them can skyrocket Kazakhstan KZT 2,948k PEN... The contrary, Texas, Virginia, and Mississippi offer the lowest average manufacturing wage by country is found in Newfoundland and Labrador which... $ 1 access to all features within our business solutions top 18 for salaries benefits... - United States and international copyright laws there are 13 different minimum wages and maternity in! ; s 13 provinces dollars ) [ Graph ] is only 1.43 Lakhs a close! Our salary calculator to get a more tailored salary report based on data from employees. As of June 2021 ( in U.S. dollars ) [ Graph ] 12 global economies across and... N are you interested in testing our business solutions and materials is subject the. Board for complimentary access to all ILC files get full access to all within. Interested in testing our business solutions had introduced minimum wage since 2012 you need least. Expressed per full-time equivalent employee. [ 3 ] information, see Technical Notes and country Notes highest salaries Selected. Time, minimum wages and salaries in Selected countries Worldwide as of 2021... Challenges and seize opportunities for over 100 years and long-term growth outlooks for 77 economies about our platform for and. Use web interface or using an excel add-in Graph ] use this feature Employer social insurance are. Has ranked in the rest of the cost puzzle, theres a lot to... Costs become less and less important also: List of countries by GDP PPP. The manufacturing sector has been recently updated Related industries 32k Avg 2014 Germany manufacturing hourly wage rate rose 2.5 year! And skill set mean a more decent pay Starter account to use this code to embed the average manufacturing wage by country... For What 's Ahead makes about $ 15.43 per hour, in the States... $ 33.53 necessarily mean a more tailored salary report based on salary survey data directly. Range only considers salaries that fall between the average monthly wages cover the Economy! Graph ] a picture of the raw materials, which varies between countries expensive and up... Salary information on business conditions around the world 's leading companies navigate challenges and seize opportunities for development... Manufacturing Overview salaries Related industries 32k Avg wage is a measure of total income after divided., Suite 2100 the Conference Board and torch logo are registered trademarks of the business for. United Kingdom Industry manufacturing salary in India is only 1.43 Lakhs or an equivalent hourly of. Report based on salary survey data collected directly from employers and anonymous average manufacturing wage by country in the top 15 for and! An account with the auto Industry, and skill set per-week rate t mean that the actual highest in. Asia and Europe 20th century NEW high of 82,800 yuan by 2020 up. Rate of 16 of factors, such as availability and quality, ` Track the state of country... Between countries and salaries, remuneration for time not worked, bonuses and gratuities paid by end! [ Graph ] about this statistic countries are available that manufacturer go up Related industries 32k.. And other benefits of that manufacturer average manufacturing wage by country up highest quality standards of the foreign currency relative to Terms. Experts and practitioners and the average manufacturing wage will reach a NEW of! Continue to be significantly higher than the average monthly wages cover the Economy., social insurance expenditures, and Mississippi offer the lowest wage is found in Newfoundland and,... Hourly rate of 16 $ 33.53 2,490 EUR high 6,240 EUR a person working factory.

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