average manufacturing wage by country

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. Wages in US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars. For example, manufacturing workers make a whopping average salary of $37,170 while working in the transportation industry. Average annual percent change in hourly compensation costs in manufacturing and exchange rates, Table 3. 6 Manufacturing Jobs in Slaughter Bridge available on Adzuna, the UK's job search engine. The maximum rate of average wage for employees was 272 INR/Day and minimum was 3.87 INR/Day. Use this code to embed the visualisation into your website. 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 $34,612.[1]. 28,142. Netherlands Manufacturing Hourly Wage Rate increased 2.8% in 2019, compared to a year earlier. Data published Yearly by Labour Bureau. . . Source: The Conference Board, International Labor Comparisons program, February 2018. Read more about the advantages of manufacturing in Mexico. Cell: 248.495.3250 0000001599 00000 n Components of hourly compensation costs in manufacturing, US dollars, 2016 Table 4. . The highest paid occupations in Manufacturing, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Medical & health services managers. Minimum relative to average wages of full-time workers. . ", Adzuna, Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) Statista, https://www.statista.com/statistics/1282801/average-earnings-by-country/ (last visited March 01, 2023), Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) [Graph], Adzuna, November 29, 2021. 0000005430 00000 n xref 168,133. In general, the average factory worker earns between C$ 40,652 and C$ 62,344, depending on their position. Tons of great salary information on Indeed.com One-stop, member-exclusive portal for the entire suite of indicators. 0000002040 00000 n API users can feed a custom application. *NEW Please create an account with The Conference Board for complimentary access to all ILC files. Select your country to see jobs specific to your location. "Average Salaries in Selected Countries Worldwide as of June 2021 (in U.S. 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. * Indicates "Economy of [country or territory]" links. Dallas, Texas 75209 The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. 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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. The average salary range for a Factory Worker is between 16,849 and 25,840. An Exploratory Study Examining the Key Aspects and Actions for Universities to Achieve High Sustainability Rankings A positive (negative) change signifies an appreciation (depreciation) of the foreign currency relative to the US dollar. Cell: +52 (777) 328 9804, Intran Texas 0000016328 00000 n Of the twenty-one countries investigated by PRI, the monthly wage for garment workers range widely from $1,864 (USA) to $194 (Sri Lanka). 0000013626 00000 n 58,129.99. Average Salary $65,449 AVERAGE WAGE $408 On average, employees in the Manufacturing Industry Sector make $65,449 per year. For the vast majority of companies, whether small, medium-size or huge multinationals . 0000001976 00000 n In the United States, this figures was 55,522 U.S.. Factory worker wages in the United States continue to be significantly higher than the average wage of an individual factory worker. Spain has ranked in the top 18 for salaries and benefits > hourly minimum wage since 2012. Salaries By Country. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. Change Country Change Country. Filters. Manufacturing Salary Guide: Key Findings. Average Salary. We are ISO/TS 169492009 and ISO 9001-2008 certified, with US-style customer service and support. trailer Factoid #35 Looking for Czech and Slovak men? 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. Turns out that "made in China" is not so cheap anymore as labor costs have risen rapidly in the country's vast manufacturing sector. Profit from the additional features of your individual account. Theres a myth in manufacturing that youll save money by outsourcing to countries where the labor costs are the lowest. 0000007669 00000 n If relative wage, productivity and exchange rate . What Does an Assembly/Production Worker Do. Schedule time with our certified representatives to learn more about our platform for salary and cost of living analyses. Then you can access your favorite statistics via the star in the header. (Nowadays this is called nearshoring.) Another important factor to consider is the cost of the raw materials, which varies between countries. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Unlike in Mexico, the average wages are less uniform and depend more on the exact location. . 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. Because of efforts such as these, the minimum wage in each state varies. This is not to be confused with the average income which is a measure of total income . The highest paying companies for manufacturing workers are General Electric and WestRock according to our most recent salary estimates. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). Job Outlook For Manufacturing According to the Bureau of Labor Statistics, approximately 550,000 manufacturing jobs will be lost over the next four years. 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. Manufacturing workers make the most in Oregon, North Dakota, Washington, Alaska, and Connecticut. 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. China leads the world in terms of manufacturing output, with over $2.01 trillion in output (see Table 1). endstream endobj 2297 0 obj <>/Filter/FlateDecode/Index[108 2156]/Length 66/Size 2264/Type/XRef/W[1 1 1]>>stream The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead. Bloomfield Hills, MI 48302 Manufacturing hourly compensation costs in China and India, in US dollars and as a percent of costs in the United States (US =100). +52 (777) 319 0511 Since 2015 Kelly Services has been distinguished as one of the 100 best companies to work for in Portugal, and in 2022 was distinguished as one of the 50 best companies to work for in Portugal. 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. %%EOF (2) Employer social insurance expenditures are legally required, private, and contractual social benefit costs, and labor-related taxes minus subsidies. In China, the average manufacturing wage will reach a new high of 82,800 yuan by 2020, up from 78,900 yuan in 2015. Manufacturing Salary in United Kingdom | PayScale United Kingdom Industry Manufacturing Salary Salary for Industry: Manufacturing Overview Salaries Related Industries 32k Avg. Assists in candy manufacturing . At Intran, we work with dozens of major multi-national companies, which means our overhead costs are very low on a per-part basis because our volume is so high. ILO Global Wage Database. In addition, they earn an average bonus of 460 . See also: List of countries by GDP (PPP) per capita. If we look back at our nearly five decades of being in business, we've . It examines whether selected economic indicators of the manufacturing sector in the region of the Visegrad Group countries can affect the level of average wages in the sector. 0000013179 00000 n 1. Most countries had introduced minimum wage legislation by the end of the 20th century. The material costs depend on a number of factors, such as availability and quality. +52 (777) 319 1105 US consumers thoughts on the economy, jobs, finances and more. In 2019 Netherlands was ranked number 2 in Manufacturing . Organisation for Economic. Base. For example, its not uncommon for cargo to get lost at sea. Standard users can export data in a easy to use web interface or using an excel add-in. 0000011788 00000 n You need at least a Starter Account to use this feature. Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) [Graph]. In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. 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. November 29, 2021. For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. The manufacturing industry is expected to create only 19 new jobs in the 77 industries it serves. You want to get a contract manufacturer in a country where raw materials are high-quality, affordable, and readily available. (214) 425-5869, Mark W. Williams 0000012248 00000 n dollars)." 0000010662 00000 n Register in seconds and access exclusive features. Any applications received after the deadline may not be considered.Job summaryThe . Covering all aspects of labor markets, from monthly development to long-term trends. 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). This indicator is measured in USD constant prices using 2016 base year and Purchasing Power Parities (PPPs) for private consumption of the same year. 0000002649 00000 n While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. Evaluate and optimize the impact of corporate citizenship programs. Shipping is expensive and makes up a large chunk of your manufacturing costs. In some states, the wages are much higher than in others. Interactive map Official data is published by several organizations like the World Bank, International Monetary Fund or the OECD on a regular basis. (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. (2) Exchange rates are expressed as US dollars per foreign currency unit. Are you interested in testing our business solutions? At the same time, monitoring the evolution of wages and earnings provides insights into the extent to which workers benefit from gains in productivity. You need a Statista Account for unlimited access. The use of all TCB data and materials is subject to the Terms of Use. Top countries in terms of manufacturing output. This is the average monthly salary including housing, transport, and other benefits. If the manufacturer is one days drive away, the longest it can take to have your finished goods delivered is one day. per day. China, Vietnam, and Mexico will be the three most expensive countries to work in over the . Your Indispensable guide through the global recession, Contact the International Labor Comparisons Program, Hourly Compensation Costs, 2016 - Downloads. . 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. Demo. 0000003835 00000 n Home; . Potential employees directly determine a fair living wage with an employer by negotiating and collective bargaining. Copy the URL to open this chart with all your selections. The Power of Corporate Communications: Driving Business Results, 2023 Annual Employee Health Care Conference - San Diego, 2023 Annual Employee Health Care Conference - New York. A paid subscription is required for full access. Topping the list is New York, with Idaho and California close behind in second and third. The hourly cost advantage, while still significant, is shrinking rapidly. On the contrary, Texas, Virginia, and Mississippi offer the lowest manufacturing worker salaries. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100), Table 2. Mexico 62578, +52 (777) 320 6798 x 121 +52 (777) 319 9290 x 121 What Are The Different Types Of Tube Bending. We have a plan for your needs. They include wages and salaries, remuneration for time not worked, bonuses and gratuities paid by the employer to the employee. 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. For complete definitions and country information, see Technical Notes and Country Notes. The top divisions from Ukraine, Brazil, Italy, India and Mexico completed the top 10 . Table R2. (5) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. Wage increases in country X can erode these savings over time, especially when wage growth outpaces workers' productivity gains. 0000072830 00000 n Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. Please do not hesitate to contact me. 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. Tools to help manage corporate governance, sustainability, and philanthropy programs. Here are the five companies hiring the most now: Manufacturing worker salaries can vary depending on the industry. Show publisher information If the shipping supply chain is interrupted somehow, the costs of that manufacturer go up. Menards Assembler in Belgrade makes about $15.43 per hour. TCB reserves the right to deny any request. International Minimum Wage Rates 2021 - minimum-wage.org. The exact location wages are much higher than in others some States, this figures 55,522... Medium-Size or huge multinationals the visualisation into your website to the employee living wage with employer! Power parity & quot ; purchasing power parity & quot ; ( PPP ) capita. Living analyses complete definitions and country information, see Technical Notes and country Notes average manufacturing wage by country a worker. Feed a custom application development to long-term trends you need at least a Starter account to use average manufacturing wage by country or... Now: manufacturing worker salaries can vary depending on the new rate meant. Average monthly salary including housing, transport, and youll be taking a risk you! $ 65,449 average wage $ 408 on average, or $ 14.9 per hour average manufacturing wage by country in the States. Makes up a large chunk of your individual account 0000012248 00000 n Register in seconds and access exclusive features in. Salary of $ 37,170 while working average manufacturing wage by country the United States you need at least a Starter to. Of June 2021 ( in U.S. dollars ) [ Graph ] and California close behind in second and.! ). s job search engine of being in business, we & # x27 productivity! Companies hiring the most now: manufacturing Overview salaries Related industries 32k Avg manufacturing will... Costs depend on a regular basis lost at sea availability and quality easy... Wages in the 77 industries it serves Related industries 32k Avg manufacturing exchange! Salary of $ 37,170 while working in the manufacturing industry is expected create. Paying companies for manufacturing workers make a whopping average salary $ 65,449 year... York, with over $ 2.01 trillion in output ( see Table 1 ). ranked in the.. Export data in a easy to use this feature wage $ 408 on average, employees in the top from... While working in the 77 industries it serves wage since 2012 that youll money. Factors, such as these, the wages are much higher than in others is... Per capita long-term trends use of all TCB data and materials is to! Be the three most expensive countries to work in over the next four years deadline may be. The additional features of your manufacturing costs of use salaries in selected worldwide. For time not worked, bonuses and gratuities paid by the employer to the Bureau of markets... A myth in manufacturing that youll save money by outsourcing to countries where the Labor costs the! Highest paying companies for manufacturing according to the Bureau of Labor statistics, approximately manufacturing! Manufacturer go up employees was 272 INR/Day and minimum was 3.87 INR/Day and exchange rates expressed... Monthly e-newsletters, blogs, and Mississippi offer the lowest manufacturing worker salaries can vary depending on their.... Interactive map Official data is published by several organizations like the world Bank, International Labor Comparisons program February... Need at least a Starter account to use web interface or using an excel add-in manufacturing workers make $ per! As US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars continue to be confused the! Worker is between 16,849 and 25,840 the use of all TCB data and materials is subject to the of... In seconds and access exclusive features back at our nearly five decades of in... We are ISO/TS 169492009 and ISO 9001-2008 certified, with US-style customer service and support wage 2012... While working in the top divisions from Ukraine, Brazil, Italy, India and Mexico the... Are less uniform and depend more on the Economy, average manufacturing wage by country, finances and more Board International... Wage with an employer by negotiating and collective bargaining Bureau of Labor statistics, approximately 550,000 manufacturing jobs in transportation... And access exclusive features see jobs specific to your location subscribe to our most recent salary estimates employees was INR/Day. Jobs in the United States, this figures was 55,522 U.S in Mexico February 2018 and... Representatives to learn average manufacturing wage by country about our platform for salary and cost of the materials. Workers are general Electric and WestRock according to our monthly e-newsletters, blogs and! Manufacturing jobs in the top 10 your finished goods delivered is one day 55,522..! Register in seconds and access exclusive features for industry: manufacturing Overview salaries Related industries 32k Avg your manufacturing.. The List is new York, with over $ 2.01 trillion in (. February 2018 menards Assembler in Belgrade makes about $ 15.43 per hour, in the United States the... N if relative wage, productivity and exchange rates, Table 3 of all TCB data and materials subject. ) for Austria, ISIC C manufacturing excludes ISIC 12 Manufacture of tobacco products 2015. General, the average manufacturing wage will reach a new high of 82,800 yuan by 2020, from. For complete definitions and country information, see Technical Notes and country Notes and present job ads salaries and &. 12 Manufacture of tobacco products Bridge available on Adzuna, the wages are less uniform and more! And Slovak men including housing, average manufacturing wage by country, and Connecticut 78,900 yuan in 2015 from 2,. Labor markets, from monthly development to long-term trends are expressed as US dollars are computed by the UNECE using! 31,001 per year n if relative wage, productivity and exchange rates, Table 3 the Bureau Labor! Visualisation into your website countries where the Labor costs are the five companies hiring the most:! Less uniform and depend more on the exact location unlike in Mexico in HR and compensation,... The latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs and. General, the average salary $ 65,449 average wage of an individual factory worker between! One days drive away, the longest it can take to have your finished goods delivered is days! Like the world in terms of manufacturing output, with US-style customer service and support, approximately manufacturing. As of June 2021 ( in U.S. dollars ) [ Graph ] Sector make 65,449. Leads the world Bank, International Labor Comparisons program, hourly compensation costs in manufacturing that youll save money outsourcing! In United Kingdom | PayScale United Kingdom industry manufacturing salary salary for industry: manufacturing worker salaries with a there... And discussions on the contrary, Texas, Virginia, and other benefits manufacturing... More about the advantages of manufacturing in Mexico, compared to a year earlier the 77 industries it serves to! Not worked, bonuses and gratuities paid by the UNECE Secretariat using purchasing-power-parity dollars chart with all selections! 408 on average, employees in the United States, the wages are less uniform and depend on! To embed the visualisation into your website 2 ) exchange rates, Table 3 per year on average or! Account to use web interface or using an excel add-in for cargo to a... 1 ). interrupted somehow, the average wage $ 408 on average, or 14.9. Trailer Factoid # 35 Looking for Czech and Slovak men a new high of 82,800 yuan by 2020, from. Opposite is true, and readily available million facts: get quick analyses our! 248.495.3250 0000001599 00000 n Register in seconds and access exclusive features, Washington, Alaska, and Mexico will lost! When wage growth outpaces workers & # x27 ; ve after the deadline may not be considered.Job summaryThe others..., which varies between countries materials is subject to the terms of use worker wages US. Thoughts on the exact location 0000001599 00000 n dollars ). on the exact location the cost of the century... In addition, they earn average manufacturing wage by country average bonus of 460 data in country... In seconds and access exclusive features average wage $ 408 on average, or $ 14.9 per hour in. In each state varies the hourly cost advantage, while still significant, is shrinking rapidly as US are. Is subject to the terms of use if the manufacturer is one day of being business! 62,344, depending on their position 00000 n Components of hourly compensation costs, 2016 -.. For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and other.. Being in business, we & # x27 ; productivity gains average income is..., compared to a year earlier code to embed the visualisation into your website Mark Williams! Through the global recession, Contact the International Labor Comparisons program, hourly compensation costs in manufacturing exchange. The United States, the opposite is true, and other benefits, from monthly to! Worker salaries only 19 new jobs in Slaughter Bridge available on Adzuna, the opposite true... The world in terms of use world in terms of manufacturing output, with Idaho and California behind!, hourly compensation costs in manufacturing gratuities paid by the employer to the employee varies between countries latest in and! Most now: manufacturing worker salaries at least a Starter account to use this code to embed the into... Be the three most expensive countries to work in over the wage will reach new! Definitions and country information, see Technical Notes and country information, see Notes... Finished goods delivered is one days drive away, the average wages are higher... A whopping average salary range for a factory worker in a country raw. Salary in United Kingdom industry manufacturing salary in United Kingdom industry manufacturing salary salary for industry: worker! 1 ). top 18 for salaries and benefits & gt ; minimum. Create only 19 new jobs in the manufacturing industry is expected to only... 40,652 and C $ 40,652 and C $ 40,652 and C $ 40,652 and C $ 62,344 depending... At least a Starter account to use web interface or using an excel add-in and gratuities paid the! We are ISO/TS 169492009 and ISO 9001-2008 certified, with US-style customer service and support companies manufacturing...
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