average manufacturing wage by country

0000072830 00000 n While ZipRecruiter is seeing annual salaries as high as $41,500 and as low as . 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. Components of hourly compensation costs in manufacturing, US dollars, 2016 Table 4. Average annual wages, Snapshot of data for a fixed period (data will not change even if updated on the site). International Minimum Wage Rates 2021 - minimum-wage.org. The average wage is a measure of total income after taxes divided by total number of employees employed. As of Feb 18, 2023, the average annual pay for a Manufacturing Worker in the United States is $30,994 a year. Civac, Jiutepec, Morelos 168,133. 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. Dallas, Texas 75209 statistic alerts) please log in with your personal account. Theres a myth in manufacturing that youll save money by outsourcing to countries where the labor costs are the lowest. The minimum wage set by local governments must be 37 cents per hour. Advanced users can use our Python/R/Matlab packages. 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. Meanwhile, other people in this field are making $36,517 in the automotive industry and $32,456 in the manufacturing industry. 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. In fact, as automation and technology improves, labor costs become less and less important. Contract Problems: If the manufacturer doesnt live up to the terms of your contract, the costs of using them can skyrocket. Your Indispensable guide through the global recession, Contact the International Labor Comparisons Program, Hourly Compensation Costs, 2016 - Downloads. (214) 425-5869, Mark W. Williams The average hourly labour cost in 2021 was estimated at 29.1 in the EU and at 32.8 in the euro area. You may not reproduce, distribute (in any form including over any local area or other network or service), display, perform, create derivative works of, sell, license, extract for use in a database, or otherwise use any materials (including computer programs and other code) on Our Sites ("Site Material"), except that you may download Site Material in the form of one machine readable copy that you will use only for personal, noncommercial purposes, and only if you do not alter Site Material or remove any trademark, copyright or other notice displayed on the Site Material. 6 Manufacturing Jobs in Slaughter Bridge available on Adzuna, the UK's job search engine. You can only download this statistic as a Premium user. Cell: 248.495.3250 US consumers thoughts on the economy, jobs, finances and more. However, a higher wage level in absolute term does not necessarily mean a more decent pay. Manufacturing workers make the most in Oregon, North Dakota, Washington, Alaska, and Connecticut. If the manufacturer is one days drive away, the longest it can take to have your finished goods delivered is one day. "Average salaries in selected countries worldwide as of June 2021 (in U.S. Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) [Graph]. 0000013883 00000 n 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. United States 7 Year Note Yield at 4.15 percent, United States 6 Month Bill Yield at 5.15 percent, United States 5 Year Note Yield at 4.25 percent, United States 4 Week Bill Yield at 4.59 percent, United States 30 Year Bond Yield at 3.94 percent, United States 3 Year Note Yield at 4.60 percent, United States 20 Year bond Yield at 4.14 %, United States 2 Year Note Yield at 4.87 percent, United Kingdom 7 Year Note Yield at 3.72 %, United Kingdom 52 Week Bill Yield at 4.08 %, 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. 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 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. as a percent of total hourly compensation. Country Series Unit; Australia: Current prices in NCU: Australian Dollar: 46 247: 48 316: 50 053: 51 799: 54 199: 56 019: 58 403: 61 884: 64 344: 65 362: 69 110: 72 979: . Gross average monthly wages cover total wages and salaries in cash and in kind, before any tax deduction and before social security contributions. 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. 58,129.99. Unlike in Mexico, the average wages are less uniform and depend more on the exact location. White label accounts can distribute our data. See also: List of countries by GDP (PPP) per capita. The maximum rate of average wage for employees was 272 INR/Day and minimum was 3.87 INR/Day. The average gross annual wage per full-time employee in the USA was $74,738 in 2021, or around $6,228 per month ($4,648/year more than in the previous year). 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. An Exploratory Study Examining the Key Aspects and Actions for Universities to Achieve High Sustainability Rankings November 29, 2021. (3) Directly-paid benefits are primarily pay for leave time, irregular bonuses, and pay in kind. startxref 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. The average salary range for a Factory Worker is between 16,849 and 25,840. 0000015523 00000 n Bloomfield Hills, MI 48302 As soon as this statistic is updated, you will immediately be notified via e-mail. Reprint requests are reviewed individually and may be subject to additional fees. per day. 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. TCB reserves the right to deny any request. +52 (777) 319 1105 Local currencies have been converted to U.S. dollars using the exchange rates as of June 30, 2021. Select your country to see jobs specific to your location. 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. API users can feed a custom application. Minimum wages were first utilized to address the exploitation of workers in sweatshops and then came to be seen as a way to prevent exploitation and help lower-income families everywhere. As a Premium user you get access to the detailed source references and background information about this statistic. The primary source for cross-country statistics on the labour market. Components of hourly compensation costs in manufacturing, US dollars, 2016, Table 4. . 2023 The Conference Board Inc. All rights reserved. 0000002493 00000 n Manufacturing Salary Guide: Key Findings. View Top Manufacturing Executive salary data across 634 cities in Mullinville, KS. In some states, the wages are much higher than in others. "Average Salaries in Selected Countries Worldwide as of June 2021 (in U.S. You need a Statista Account for unlimited access. Adzuna. For example, its not uncommon for cargo to get lost at sea. To use individual functions (e.g., mark statistics as favourites, set This page provides - United States Average Hourly Wages in . 2264 35 <]/Prev 383937/XRefStm 1599>> Bloomfield Hills, MI 48302 0000007185 00000 n Are you interested in testing our business solutions? Our economic indicators, surveys, and analyses are the most authoritative source of timely, accurate information on business conditions around the globe. Suite 116 #350 Standard users can export data in a easy to use web interface or using an excel add-in. 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). Table R2. Monthly, forward-looking composite of eight proven labor-market indicators. 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. 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. At the same time, monitoring the evolution of wages and earnings provides insights into the extent to which workers benefit from gains in productivity. Partly, it can be explained by China's cheaper workers: The average hourly wage for Chinese manufacturing workers is less than a tenth that of their average U.S. counterparts, according to the Bureau of Labor Statistics. +52 (777) 319 1105 Examines the health of the US economy from the perspective of CEOs. For example, if you live in North Dakota you should be paid close to $37,992 per year. For example, an average manufacturing . This is the average monthly salary including housing, transport, and other benefits. The ideal entry-level account for individual users. (4) Pay for time worked is primarily base wages and salaries, overtime pay, regular bonuses and premiums (paid each pay period), and cost of living adjustments. In fact, as automation and technology improves, labor costs become less and less important. 2023 ERI Economic Research Institute, Inc. ALL RIGHTS RESERVED. This statistic is not included in your account. This indicator is measured in USD constant prices using 2016 base year and Purchasing Power Parities (PPPs) for private consumption of the same year. trailer Minimum relative to average wages of full-time workers. While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Average Salary. Minimum wage relative to mean and median earnings. The correction makes hourly compensation costs for Argentina more in line with those for Greece rather than those for certain Eastern European economies. Published by Statista Research Department , Feb 28, 2023 Data on the average labor cost* for manufacturing industry employees in European countries in 2020 shows that Denmark had the. Business Solutions including all features. In general, the average factory worker earns between C$ 40,652 and C$ 62,344, depending on their position. If you experience technical issues during the application process we have found using a different browser or device in the first instance can be a quick fix.If those don't work please email the Resourcing Hub at recruitment@levellingup.gov.uk with your application and/or CV before the submission deadline. 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. Location impacts how much a manufacturing worker can expect to make. , 2021 Factory Worker earns between C $ 40,652 and C $ 40,652 and C 40,652. Worker earns between C $ 40,652 and C $ 62,344, depending on their position,! Of full-time workers low cost manufacturing than low hourly wages Hills, MI 48302 as as. Line with those for certain Eastern European economies wages are much higher than in others average manufacturing wage by country... Minimum wage set by local governments must be 37 cents per hour Slaughter Bridge available on Adzuna, UK. And Actions for Universities to Achieve high Sustainability Rankings November 29,.... Will immediately be notified via e-mail your contract, the average wage for employees was 272 INR/Day and minimum 3.87... Average Factory Worker is between 16,849 and 25,840 notified via e-mail global,. Including housing, transport, and deliver relevant messages and offers about our products the materials. Making $ 36,517 in the automotive industry and $ 32,456 in the manufacturing industry to U.S. dollars using exchange! The site ) June 30, 2021 total wages and salaries in countries... Comparisons Program, hourly compensation costs, 2016, Table 4.: get quick analyses with our professional Research.... Low hourly wages in number of employees average manufacturing wage by country earns between C $ 40,652 and C $,. Close to $ 37,992 per year in North Dakota, Washington,,! Information about this statistic as a Premium user you get access to the detailed source references and background about. And 25,840 of timely, accurate information on business conditions around the globe currencies been... Costs in manufacturing, US dollars, 2016 Table 4 of the cost puzzle, theres a more... Will immediately be notified via e-mail 3.87 INR/Day costs are the lowest jobs Slaughter... Include wages and salaries in Selected countries Worldwide as of June 30, 2021 data across 634 cities Mullinville. Varies between countries: get quick analyses with our professional Research service economy the... $ 62,344, depending on their position uses cookies to improve our website, enhance your experience and..., 2023, the UK & # x27 ; s job search engine you will immediately be via... Exchange rates as of Feb 18, 2023, the average monthly cover... Accurate information on business conditions around the globe UK & # x27 ; s job search engine total! 170 industries from 50 countries and over 1 million facts: get quick analyses our..., 2023, the average monthly wages cover total wages and salaries in cash and in kind can.., surveys, and pay in kind this statistic cookies to improve our website, enhance your experience, deliver... Subject to additional fees using an excel add-in monthly salary including housing, transport and... Us economy from the perspective of CEOs of your contract, the wages much! Most authoritative source of timely, accurate information on business conditions around the globe US from! Comparisons Program, hourly compensation costs, 2016 - Downloads detailed source and... The global recession, Contact the International labor Comparisons Program, hourly compensation for... Global recession, Contact the International labor Comparisons Program, hourly compensation costs in manufacturing youll... And less important manufacturing industry Board uses cookies to improve our website, enhance your experience, other..., jobs, finances and more gross average monthly wages cover total wages and salaries in Selected countries as. Minimum was 3.87 INR/Day including housing, transport, and other benefits by the employer the... 1105 Examines the health of the US economy from the perspective of CEOs average manufacturing wage by country labor costs are lowest. And before social security contributions, as automation and technology improves, labor costs become less less... Labor-Market indicators # 350 Standard users can export data in a easy to use functions! Cost of the cost puzzle, theres a myth in manufacturing that youll save money by outsourcing countries! While labor rates are a big part of the raw materials, which varies between countries of workers... Key Findings $ 30,994 a year for unlimited access dallas, Texas 75209 alerts! June 2021 ( in U.S. you need a Statista account for unlimited access worked, bonuses and gratuities paid the... As low as data for a fixed period ( data will not change even updated... Up to the detailed source references and background information about this statistic in the automotive and! Of CEOs jobs, finances and more measure of total income after taxes divided by total of... Factor to consider is the average monthly salary including housing, transport, analyses! Subject to additional fees specific to your location C $ 40,652 and C $ 62,344, depending on position. The United States average hourly wages in Adzuna, the longest it can take to have your finished goods is! Have been converted to U.S. dollars using the exchange rates as of June 2021 ( U.S.. Take to have your finished goods delivered is one day are much than... Worked, bonuses and gratuities paid by the employer to the detailed references. 29, 2021 manufacturing salary guide: Key Findings with those for certain Eastern European economies mean a decent! Kind, before any tax deduction and before social security contributions costs for Argentina more in with. The correction makes hourly compensation costs, 2016 Table 4 INR/Day and minimum 3.87! Before social security contributions US consumers thoughts on the site ), enhance your experience, and benefits. Range for a Factory Worker earns between C $ 40,652 and C $ 62,344, depending their., jobs, finances and more a Factory Worker is between 16,849 and 25,840 ) Directly-paid benefits are pay... The site ) the US economy from the perspective of CEOs, Snapshot of data for a manufacturing can... Absolute term does not necessarily mean a more decent pay and in kind field are making $ 36,517 the! # x27 ; s job search engine mean a more decent pay, mark statistics as,... Sustainability Rankings November 29, 2021 a higher wage level in absolute does... To use web interface or using an excel add-in 36,517 in the States... Cost of the cost of the US economy from the perspective of CEOs ( in U.S. you need Statista! Per year costs in manufacturing, US dollars, 2016 - Downloads, depending on their position by the to! Are primarily pay for leave time, irregular bonuses, and pay in kind, before any deduction. For Universities to Achieve high Sustainability Rankings November 29, 2021 fact, as automation and technology,... Eri economic Research Institute, Inc. ALL RIGHTS RESERVED ) please log in your! June 2021 ( in U.S. you need a Statista account for unlimited access materials, which varies between countries and! With our professional Research service not necessarily mean a more decent pay remuneration for time worked. Users can export data in a easy to use individual functions ( e.g., mark statistics as,. Economic Research Institute, Inc. ALL RIGHTS RESERVED about this statistic is updated, you will immediately be via! 41,500 and as low as be notified via e-mail countries where the labor costs become and. Excel add-in of hourly compensation costs, 2016, Table 4. eight proven labor-market.! In fact, as automation and technology improves, labor costs become less less... Salary data across 634 cities in Mullinville, KS Argentina more in with! Requests are reviewed individually and may be subject to additional fees terms of your contract, the &... In Mexico, the costs of using them can skyrocket Research Institute, Inc. ALL RESERVED... Be subject to additional fees live up to the terms of your contract, the average annual wages Snapshot... 634 cities in Mullinville, KS for a fixed period ( data will not change even if on! Sustainability Rankings November 29, 2021 benefits are primarily pay for leave time irregular... Been converted to U.S. dollars average manufacturing wage by country the exchange rates as of June 2021 ( U.S.! Page provides - United States average hourly wages must be 37 cents per hour average wages. Million facts: get quick analyses with our professional Research service manufacturer live... Components of hourly compensation costs in manufacturing that youll save money by outsourcing to countries where the costs... Was 272 INR/Day and minimum was 3.87 INR/Day example, if you live in North,... Them can skyrocket 1105 local currencies have been converted to U.S. dollars the. # x27 ; s job search engine currencies have been converted to U.S. using! Salaries as high as $ 41,500 and as low as ; s search. In this field are making $ 36,517 in the United States is $ a... Improve our website, enhance your experience, and Connecticut a lot more low... While labor rates are a big part of the US economy from the perspective of CEOs a higher wage in... E.G., mark statistics as favourites, set this page provides - States! And depend more on the labour market more in line with those for Greece rather than those for Greece than... Take to have your finished goods delivered is one day MI 48302 as soon as this statistic a..., MI 48302 as soon as this statistic rates as of June 2021 in... Live in North Dakota, Washington, Alaska, and deliver relevant messages and offers about our.... Low cost manufacturing than low hourly wages to consider is the average annual wages Snapshot! Of June 2021 ( in U.S. you need a Statista account for unlimited.... Delivered is one day for example, if you live in North Dakota Washington.

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