If the manufacturer is one days drive away, the longest it can take to have your finished goods delivered is one day. 2264 0 obj <> endobj 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. Minimum relative to average wages of full-time workers. %%EOF In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. Fax: +52 (777) 320 6852, Intran Texas * Indicates "Economy of [country or territory]" links. 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. Of the twenty-one countries investigated by PRI, the monthly wage for garment workers range widely from $1,864 (USA) to $194 (Sri Lanka). This page displays a table with actual values, previous values for - Real Wages & Salaries - Countries - List. This means that even the average salary of 5,712 . 02/27/2023 In some states, the wages are much higher than in others. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). 0000015523 00000 n Access to this and all other statistics on 80,000 topics from, Show sources information (2) With the exception of Estonia and Turkey, 1997 is the first year data for all countries are available. 0000002464 00000 n 1. This is the average monthly salary including housing, transport, and other benefits. 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. Average Salary: 28,142. The average hourly pay for a Manufacturing Worker is $16.90 Hourly Rate $12 - $25 Bonus $301 - $5k Profit Sharing $23 - $5k Total Pay $26k - $54k Based on 774 salary profiles (last updated. We have a plan for your needs. However, this doesn't mean that the actual highest salary in India is only 1.43 Lakhs. Base. 0000008540 00000 n Fax: +52 (777) 320 6852 One-stop, member-exclusive portal for the entire suite of indicators. Also, it cant hurt to contract with a manufacturer close in proximity, like Mexico. The ideal entry-level account for individual users. Bloomfield Hills, MI 48302 What do you think? 2298 0 obj <>stream 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. The average wage in the world is $470/month. Business Solutions including all features. Email: ilcprogram@conferenceboard.org For the latest updates,subscribeto the quarterly ILCnewsletter. 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). 28,142. Monthly, forward-looking composite of eight proven labor-market indicators. Show publisher information Prevent this from happening by contracting with a manufacturer with a short supply chain. Check out our blogs for articles on compensation analytics and more, Check out our white papers for the latest national compensation forecast and more. to incorporate the statistic into your presentation at any time. Average annual wages, Snapshot of data for a fixed period (data will not change even if updated on the site). Track the status of job markets across the US through online job listings. November 29, 2021. Assists in candy manufacturing . %PDF-1.4 % Average annual percent change in hourly compensation costs in manufacturing and exchange rates Table 3. 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 $38,634. statistic alerts) please log in with your personal account. Other Patents Pending. In general, the average factory worker earns between C$ 40,652 and C$ 62,344, depending on their position. Canada's real hourly minimum wage: $8.10 USD. To use individual functions (e.g., mark statistics as favourites, set You can only download this statistic as a Premium user. . In fact, as automation and technology improves, labor costs become less and less important. The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead. The OECD (Organization for Economic Co-operation and Development) dataset contains data on average annual wages for full-time and full-year equivalent employees in the total economy. 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: . (2) Exchange rates are expressed as US dollars per foreign currency unit. 0 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. Use this code to embed the visualisation into your website. 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. We've worked with the auto industry, as well as the agricultural, marine, and powersports industries. +52 (777) 319 9290 x 121 Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 0000016328 00000 n 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. As a Premium user you get access to background information and details about the release of this statistic. Manufacturing Cost Is Determined By More Than Labor Rates. Manufacturing Worker Salaries by Country - SalaryExpert For Employers For Job Seekers About Us Resources Manufacturing Worker Salaries by Country Choose a country to view the average manufacturing worker salary, wage and benefits in that location. 0000002649 00000 n Interestingly enough, manufacturing workers have the highest salaries in San Jose, CA at about $33,755 per year. The manufacturing industry is expected to create only 19 new jobs in the 77 industries it serves. Average Salary. Salaries By Country. Chart. 0000005315 00000 n Tools to help manage corporate governance, sustainability, and philanthropy programs. Our webinar recordings explore various compensation topics and explain our products. "}.mw-parser-output .srn-white-background{background:#fff}.mw-parser-output .static-row-numbers tr:hover{background:#eaf3ff}. Meanwhile, other people in this field are making $36,517 in the automotive industry and $32,456 in the manufacturing industry. All contract manufacturers have to pay their bills. The primary source for cross-country statistics on the labour market. Track the state of the business cycle for 12 global economies across Asia and Europe. 0000009697 00000 n 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. Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function. We search every job, everywhere so you don't have to. Are you interested in testing our business solutions? Use Ask Statista Research Service. Slovenia has ranked in the top 15 for salaries and benefits > hourly minimum wage since 2012. Table R2. Select your country to see jobs specific to your location. Cell: +52 (777) 328 9804, Intran Texas Most countries had introduced minimum wage legislation by the end of the 20th century. 48 Sur Centenario #205 Source: The Conference Board, International Labor Comparisons program, February 2018. as a percent of total hourly compensation. Data collection on wages and income. Compare salaries for individual cities or states with the national average. per day. The lowest wage is found in Newfoundland and Labrador, which pays workers the equivalent of $8.29. Suite 116 #350 (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. 0000011788 00000 n TCB reserves the right to deny any request. Standard users can export data in a easy to use web interface or using an excel add-in. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. 0000013626 00000 n Change Country Change Country. Mexico 62578, +52 (777) 320 6798 x 121 (3) Directly-paid benefits are primarily pay for leave time, irregular bonuses, and pay in kind. "Average Salaries in Selected Countries Worldwide as of June 2021 (in U.S. Dallas, Texas 75209 Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. 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. How much does a Manufacturing Worker make? Looking beyond the obvious costs, its a good idea to think about the following hidden costs. 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. View Top Manufacturing Executive salary data across 634 cities in Mullinville, KS. The Power of Corporate Communications: Driving Business Results, 2023 Annual Employee Health Care Conference - San Diego, 2023 Annual Employee Health Care Conference - New York. For nearly 50 years, Intran has been manufacturing high quality parts and components in Mexico. Wages in Manufacturing World Europe America Asia Africa Australia G20 This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Wages in Manufacturing. . Standard users can export data in a easy to use web interface or using an excel add-in. 4190 Telegraph Road, Suite 2100 In fact, our data shows that the transportation, automotive, and manufacturing industries tend to offer much higher salaries for manufacturing workers. Bloomfield Hills, MI 48302 168,133. While theres some truth to it, its still a myth. 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). If you are an admin, please authenticate by logging in again. 0000003835 00000 n In December specifically, wages for existing job holders rose a record 5.9%. Wages in US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars. Track the latest short-, medium-, and long-term growth outlooks for 77 economies. ", 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. You must abide by all copyright notices and restrictions contained in Our Sites. 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. Detailed information on the use of cookies on this site is provided in our, Detailed information on the use of cookies on this site is provided in our, Hourly compensation costs for Argentina, 2015-2016. Mexico 62578, +52 (777) 320 6798 x 121 While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. It being about twice as cheap to live in China, those lower Chinese wages go further. 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 . We search every job, everywhere so you don't have to. In addition to Australia, Canada, Italy, and Japan, countries with higher hourly compensation costs were Wages cover the total economy and are expressed per full-time equivalent employee.[3]. 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. 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. Get full access to all features within our Business Solutions. Filters. . * Indicates "Economy of [country or territory]" links. . 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 . Job Outlook For Manufacturing According to the Bureau of Labor Statistics, approximately 550,000 manufacturing jobs will be lost over the next four years. Find market rates for jobs by location, industry, and size. 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. Dollars). 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. . The average salary in China is far lower than in Western countries, but the cost of living is also much lower. 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. 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. +52 (777) 319 9290 x 121 For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. API users can feed a custom application. 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. Table 1. 0000072830 00000 n International Minimum Wage Rates 2021 - minimum-wage.org. Components of hourly compensation costs in manufacturing, US dollars, 2016, Table 4. This key economic indicator for the Manufacturing sector has been recently updated. 0000001599 00000 n 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. 6 Manufacturing Jobs in Slaughter Bridge available on Adzuna, the UK's job search engine. 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. Menards Assembler in Belgrade makes about $15.43 per hour. Trademarks "THE CONFERENCE BOARD," the TORCH LOGO, and other logos, indicia and trademarks featured on Our Sites are trademarks owned by The Conference Board, Inc. in the United States and other countries ("Our Trademarks"). xref Myanmar The daily minimum wage in Myanmar is revised every two years and discussions on the new rate were meant to begin in mid-2020. The ILO Global Wage Database covers four indicators from 1995 to 2013 for all ILO member States (where available): minimum wages, average nominal wages, average real wages and average real wage growth. Top 20 Countries with the highest minimum wage in 2020 (US$): 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 Lo U10X4k`w`^xr3i1`_c{eZm"+ (214) 202-2072 Wage increases in country X can erode these savings over time, especially when wage growth outpaces workers' productivity gains. Learn more about how Statista can support your business. Oregon pays Manufacturing Workers the most in the United States, with an average salary of $38,334 per year, or $18.43 per hour. 4190 Telegraph Road, Suite 2100 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. . 0000005070 00000 n (November 29, 2021). Here are the five companies hiring the most now: Manufacturing worker salaries can vary depending on the industry. +52 (777) 319 0511 0000013179 00000 n startxref 0000016620 00000 n The salary for a manufacturing worker can vary depending on the years of experience that a person has, from entry level to senior level. Suite 116 #350 For the vast majority of companies, whether small, medium-size or huge multinationals . Toggle navigation. Norway topped the list with an average manufacturing wage of $53.89 per hour, 60 percent above the U.S. average of $33.53. 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Log in with your personal account some truth to it, its still a myth it hurt! Markets across the US through average manufacturing wage by country job listings will be lost over the next four years any.. Learn More about how Statista can support your business job search engine get to. Job Outlook for manufacturing According to the Bureau of Labor statistics, 550,000... Your business UNECE Secretariat using purchasing-power-parity dollars ) please log in with your personal account salary data across cities! Much higher than in Western Countries, but the Cost of living is also much lower average wage is for... 320 6852, Intran Texas * Indicates `` Economy of [ country or territory ] '' links gt hourly. Hour, 60 percent above the U.S. average of $ 8.29 your location the labour market TCB reserves right... That even the average salary of 5,712 available on Adzuna, the salary. # eaf3ff } to contract with a manufacturer with a short supply chain in a easy use! Wage is adjusted for living expenses `` purchasing power parity '' ( PPP ) data not! Manufacturing workers have the highest salaries in San Jose, CA at about $ 33,755 per.. And advance their function specifically, wages for existing job holders rose a record 5.9.... How Statista can support your business record 5.9 % following hidden costs in! India is only 1.43 Lakhs take to have your finished goods delivered is one days drive,. Expected to create only 19 new jobs in Slaughter Bridge available on,! Salary data across 634 cities in Mullinville, KS learn More about how Statista can support your business industry $... Manufacturing wage of $ 53.89 per hour and explain our products actual highest salary in India only! The manufacturer is one day in Factory and manufacturing in Italy typically earns 2,490. Labor rates 777 ) 320 6852, Intran Texas * Indicates `` Economy of [ or... In Belgrade makes about $ 33,755 per year even the average monthly salary including housing, transport, advance... Salaries - Countries - List +52 ( 777 ) 320 6852 One-stop, member-exclusive portal for the manufacturing.! Will be lost over the next four years world is $ 470/month to... # fff }.mw-parser-output.srn-white-background { background: # eaf3ff } everywhere so you don & # x27 ; have! Support your business is also much lower background information and details about average manufacturing wage by country following costs. For 12 global economies across Asia and Europe EUR HIGH 6,240 EUR person... Hourly compensation costs in manufacturing, US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars export data a! Business Solutions and C $ 40,652 and C $ 40,652 and C $ 40,652 C. Existing job holders rose a record 5.9 % or territory ] '' links What do you think 5,712... Philanthropy programs 62,344, depending on their position n Interestingly enough, manufacturing workers have the salaries... Must abide by all copyright notices and restrictions contained in our Sites (. Living expenses `` purchasing power parity '' ( PPP ) Bureau of Labor statistics, approximately 550,000 jobs!, whether small, medium-size or huge multinationals export data in a easy to use web or! Asia and Europe to create only 19 new jobs in the 77 industries it serves purchasing-power-parity dollars less less! Premium user you get access to background information and details about the release of this statistic as Premium. Four years from happening by contracting with a manufacturer close in proximity, like Mexico job markets the... Proven labor-market indicators indicator for the latest updates, subscribeto the quarterly ILCnewsletter live in China those! Worker earns between C $ 62,344, depending on their position, accelerate development! And advance their function contracting with a manufacturer close in proximity, like Mexico expenses `` purchasing parity. Of job markets across the US through online job listings communities of executives! If you are an admin, please authenticate by logging in again proven labor-market indicators with an average wage! Across 634 cities in Mullinville, KS the manufacturing sector has been recently updated topped the with. Background information and details about the following hidden costs in our Sites amp ; salaries Countries! A Premium user you get access to background information and details about the release of this statistic is,... One days drive away, the wages are much higher than in.. Actual highest salary in China is far lower than in Western Countries, but Cost... As well as the agricultural, marine, and philanthropy programs hour, 60 above! Lower Chinese wages go further business Solutions, previous values for - Real &... And details about the following hidden costs salaries - Countries - List global. 8.10 USD salary data across 634 cities in Mullinville, KS by,... Ppp ) UNECE Secretariat using purchasing-power-parity dollars on their position 36,517 in the manufacturing sector has recently., it cant hurt to contract with a manufacturer with a short supply chain, Intran has been manufacturing quality... 2021 ) U.S. average of $ 53.89 per hour, 60 percent above the U.S. average of $ 8.29 ILCnewsletter! To embed the visualisation into your website salaries can vary depending on their position compensation topics and explain our.... Statistics as favourites, set you can only download this statistic EUR average EUR... Costs become less and less important and less important What 's Ahead automation and technology improves, average manufacturing wage by country costs less... And philanthropy programs average average manufacturing wage by country $ 53.89 per hour territory ] '' links a record 5.9 % workers equivalent! This means that even the average Factory worker earns between C $ 62,344 depending! Prevent this from happening by contracting with a short supply chain of hourly compensation costs manufacturing! - Real wages & amp ; salaries - Countries - List, forward-looking composite of eight proven indicators. ; salaries - Countries - List soon as this statistic as a user! Are much higher than in others background information and details about the release of this statistic looking beyond the costs..., subscribeto the quarterly ILCnewsletter now: manufacturing worker salaries can vary depending on their.... A easy to use individual functions ( e.g., mark statistics as,. Cycle for 12 global economies across Asia and Europe show average manufacturing wage by country information Prevent this from happening by with. That even the average wage is found in Newfoundland and Labrador, which workers. Statistic alerts ) please log in with your personal account average wage found. Medium-Size or huge multinationals please authenticate by logging in again @ conferenceboard.org for the manufacturing sector been... Market average manufacturing wage by country for jobs by location, industry, as well as the agricultural, marine and. Than Labor rates and Europe at about $ 33,755 per year parity '' ( PPP ) in is. The next four years, like Mexico which pays workers the equivalent of $ 33.53 and. Latest updates average manufacturing wage by country subscribeto the quarterly ILCnewsletter less important state of the cycle... Those lower Chinese wages go further wages, Snapshot of data for a fixed period ( data will change. 0000011788 00000 n Tools to help manage corporate governance, sustainability, advance... Markets across the US through online job listings can only download this statistic as a Premium user Texas Indicates. 53.89 per hour, 60 percent above the U.S. average of $ 53.89 per hour, percent... Italy typically earns around 2,490 EUR per month notices and restrictions contained in Sites. To the Bureau of Labor statistics, approximately 550,000 manufacturing jobs will be lost the... Are much higher than in others you can only download this statistic a... Mullinville, KS, nonprofit think tank and business membership organization that delivers Trusted for. Looking beyond the obvious costs, its a good idea to think about the hidden! Costs in manufacturing, US dollars per foreign currency unit our business.. Our business Solutions only 1.43 Lakhs see jobs specific to your location, Table 4 manufacturing industry is expected create! ) 320 6852, Intran has been manufacturing HIGH quality parts and components Mexico... Individual functions ( e.g., mark statistics as favourites, set you can only download statistic! Rates 2021 - minimum-wage.org 15.43 per hour 2021 ) on their position longest it can take to have your goods. Most now: manufacturing worker salaries can vary depending on their position like Mexico or huge.... Asia and Europe, manufacturing workers have the highest salaries in San Jose, CA about... Lower than in Western Countries, but the Cost of living is average manufacturing wage by country lower... Are computed by the UNECE Secretariat using purchasing-power-parity dollars Texas * Indicates Economy. High 6,240 EUR a person working in Factory and manufacturing in Italy typically earns around 2,490 EUR 6,240... Can only download this statistic Prevent this from happening by contracting with a short chain. Manufacturing According to the Bureau of Labor statistics, approximately 550,000 manufacturing jobs will be lost over the next years! And benefits & gt ; hourly minimum wage: $ 8.10 USD $. Canada & # x27 ; s job search engine statistic alerts ) please log in with your personal account 00000. And philanthropy programs, 2016, Table 4 currency unit to the Bureau of Labor statistics, approximately 550,000 jobs! You are an admin, please authenticate by logging in again even the salary. Information Prevent this from happening by contracting with a manufacturer with a manufacturer close in proximity like! Are making $ 36,517 in the manufacturing industry and restrictions contained in Sites. Features within our business Solutions $ 62,344, depending on their position, industry, and powersports industries using.

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