Evaluate and optimize the impact of corporate citizenship programs. Use this code to embed the visualisation into your website. Civac, Jiutepec, Morelos The highest paid occupations in Manufacturing, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Medical & health services managers. 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. <]/Prev 383937/XRefStm 1599>> 0000003835 00000 n Average annual percent change in hourly compensation costs in manufacturing and exchange rates Table 3. In some countries (like Mexico), the legal system is honest and fair to foreign companies. Average Salary: 28,142. 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. 0000072830 00000 n Netherlands Manufacturing Hourly Wage Rate increased 2.8% in 2019, compared to a year earlier. 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. (2) Exchange rates are expressed as US dollars per foreign currency unit. While looking for a contract manufacturer, its wise to take the shipping costs into consideration and make a point to outsource to a manufacturer close to your end market. View Top Manufacturing Executive salary data across 634 cities in Mullinville, KS. 0000005681 00000 n Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years. Any applications received after the deadline may not be considered.Job summaryThe . In some countries (like Mexico), the legal system is honest and fair to foreign companies. What do you think? 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. 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. 2023 ERI Economic Research Institute, Inc. ALL RIGHTS RESERVED. Potential employees directly determine a fair living wage with an employer by negotiating and collective bargaining. United States . On a more broad level, manufacturing worker salaries are highest in Oregon, North Dakota, Washington, Alaska, Connecticut, Nevada, and Massachusetts. ";padding-right:0.5em;padding-left:0.5em;font-weight:bold}.mw-parser-output .static-row-header-hash thead tr::before{content:"#";padding-right:0.5em;padding-left:0.5em;font-weight:bold}.mw-parser-output .static-row-header-row thead tr::before{content:"Row";padding-right:0.5em;padding-left:0.5em;font-weight:bold}body:not(.skin-minerva) .mw-parser-output .static-row-numbers.wikitable tr::before{background-color:#eaecf0;vertical-align:middle}body:not(.skin-minerva) .mw-parser-output .static-row-numbers.mw-datatable:not(.wikitable) tr::before{background-color:#eaeeff}.mw-parser-output table.static-row-numbers.wikitable tbody tr:not(.static-row-header)::before,body:not(.skin-minerva) .mw-parser-output .static-row-numbers.mw-datatable:not(.wikitable) tbody tr::before{border:1px solid #a2a9b1}.mw-parser-output .static-row-numbers-period2 tbody tr::before{content:counter(rowNumber)". The average hourly labour cost in 2021 was estimated at 29.1 in the EU and at 32.8 in the euro area. To use individual functions (e.g., mark statistics as favourites, set 0000001020 00000 n Another important factor to consider is the cost of the raw materials, which varies between countries. 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. 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. Interactive map Official data is published by several organizations like the World Bank, International Monetary Fund or the OECD on a regular basis. [Online]. We have a plan for your needs. Minimum relative to average wages of full-time workers. Check out our blogs for articles on compensation analytics and more, Check out our white papers for the latest national compensation forecast and more. 0000009697 00000 n Contract Problems: If the manufacturer doesnt live up to the terms of your contract, the costs of using them can skyrocket. 0000007959 00000 n . Wages in Manufacturing World Europe America Asia Africa Australia G20 This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Wages in Manufacturing. While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. 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. * Indicates "Economy of [country or territory]" links. 0000008540 00000 n Mexico 62578, +52 (777) 320 6798 x 121 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. As their base salary, employees are usually paid 15 Yuan ($1.) Please do not hesitate to contact me. 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). (3) Directly-paid benefits are primarily pay for leave time, irregular bonuses, and pay in kind. 0000010662 00000 n 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. In fact, as automation and technology improves, labor costs become less and less important. 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. As of Feb 18, 2023, the average annual pay for a Manufacturing Worker in the United States is $30,994 a year. 0000019271 00000 n 0000072769 00000 n . 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). as a percent of total hourly compensation. statistic alerts) please log in with your personal account. We've identified six states where the typical salary for a Manufacturing job is above the national average. 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. In fact, as automation and technology improves, labor costs become less and less important. In December specifically, wages for existing job holders rose a record 5.9%. In, Adzuna. The lowest wage is found in Newfoundland and Labrador, which pays workers the equivalent of $8.29. Home; . 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). Salary estimates based on salary survey data collected directly from employers and anonymous employees in Germany. Here are the five companies hiring the most now: Manufacturing worker salaries can vary depending on the industry. (3) Data are ranked on the 2016 value of Hourly Compensation, US Dollars. 5600 W. Lovers Lane 2264 0 obj <> endobj Intran provides creative solutions to manufacture your products in a streamlined and dynamically controlled process that meets the highest quality standards of the industry. What do you think? See also: List of countries by GDP (PPP) per capita. Select your country to see jobs specific to your location. 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. Then you can access your favorite statistics via the star in the header. Ukraine UAH 130k Kazakhstan KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k. 2298 0 obj <>stream You can only download this statistic as a Premium user. In addition, they earn an average bonus of 460 . 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. For example, manufacturing workers make a whopping average salary of $37,170 while working in the transportation industry. 0000011788 00000 n (Nowadays this is called nearshoring.) In addition, companies like Schneider Electric Industrial Services and AAON report highly competitive wages for manufacturing workers. 0 Tons of great salary information on Indeed.com Contact us to discuss your manufacturing needs. This statistic is not included in your account. At the same time, monitoring the evolution of wages and earnings provides insights into the extent to which workers benefit from gains in productivity. This is not to be confused with the average income which is a measure of total income . Thermo Fisher Scientific Production Supervisor in Cambridge makes about $106,425 per year. 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"). Select your country to see jobs specific to your location. Business Solutions including all features. 0000005315 00000 n The minimum wage set by local governments must be 37 cents per hour. The average wage is a measure of total income after taxes divided by total number of employees employed. Civac, Jiutepec, Morelos 0000002649 00000 n 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 We've worked with the auto industry, as well as the agricultural, marine, and powersports industries. Gross average monthly wages cover total wages and salaries in cash and in kind, before any tax deduction and before social security contributions. * Indicates "Economy of [country or territory]" links. Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth. November 29, 2021. The Conference Board 2018. If we look back at our nearly five decades of being in business, we've . trailer 58,129.99. (214) 425-5869, Mark W. Williams Tools to help manage corporate governance, sustainability, and philanthropy programs. The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. 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. Shipping is expensive and makes up a large chunk of your manufacturing costs. Advanced users can use our Python/R/Matlab packages. However, this doesn't mean that the actual highest salary in India is only 1.43 Lakhs. Organisation for Economic Co-operation and Development (OECD), Source: Please create an employee account to be able to mark statistics as favorites. For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. We have a plan for your needs. However, the median (also called "typical") income is $40,000, which is fairly accurate for everyone but Jordan. 0000001976 00000 n 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. This field is for validation purposes and should be left unchanged. For nearly 50 years, Intran has been manufacturing high quality parts and components in Mexico. Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners. 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). What Does an Assembly/Production Worker Do. 48 Sur Centenario #205 Find market rates for jobs by location, industry, and size. API users can feed a custom application. Cell: 248.495.3250 (5) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. Reprint requests are reviewed individually and may be subject to additional fees. It being about twice as cheap to live in China, those lower Chinese wages go further. %%EOF 0000013626 00000 n Centers offer access to world-class experts, research, events, and senior executive communities. 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. per day. Email: ilcprogram@conferenceboard.org For the latest updates,subscribeto the quarterly ILCnewsletter. (1) Compensation costs include direct pay, social insurance expenditures, and labor-related taxes. Human Capital Benchmarking & Data Analytics. You need at least a Starter Account to use this feature. . For example, its not uncommon for cargo to get lost at sea. 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. Norway topped the list with an average manufacturing wage of $53.89 per hour, 60 percent above the U.S. average of $33.53. They include wages and salaries, remuneration for time not worked, bonuses and gratuities paid by the employer to the employee. The Trading Economics Application Programming Interface (API) provides direct access to our data. 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Ukraine UAH 130k Kazakhstan KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k KZT 2,948k Peru PEN Malaysia... 48 Sur Centenario # 205 Find market rates for jobs by location, industry, and philanthropy average manufacturing wage by country and... Of $ 8.29 workers the equivalent of $ 33.53 research and analysis have helped the world,... Mullinville, KS corporate governance, sustainability, and pay in kind ; ve identified six States the... Is honest and fair to foreign companies the typical salary for a manufacturing job above! They earn an average manufacturing wage of $ 8.29 reprint requests are reviewed individually and may subject... ) 425-5869, Mark W. Williams Tools to help manage corporate governance,,... Updates, subscribeto the quarterly ILCnewsletter statistics via the star in the euro area for by! To see jobs specific to your location the average wage is found in Newfoundland and,. Potential employees directly determine a fair living wage with an average manufacturing of. Employees directly determine a fair living wage with an employer by negotiating and collective bargaining salaries can vary on. Are reviewed individually and may be subject to additional fees salary survey data collected directly from employers anonymous... At sea HR and Compensation news, subscribe to our data 2.8 % in 2019, compared to a earlier... December specifically, wages for existing job holders rose a record 5.9 % embed the into! Ukraine UAH 130k Kazakhstan KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k doesn #... Your favorite statistics via the star in the header depending on the industry * Indicates `` of. The typical salary for a manufacturing Worker salaries can vary depending on the industry $ 8.29 a! Challenges and seize opportunities for over 100 years the world Bank, International Monetary Fund the... Regular basis the world Bank, International Monetary Fund or the OECD on a regular.... Reprint requests are reviewed individually and may be subject to additional fees and at in. Is called nearshoring. topped the List with an average manufacturing wage of $ 33.53 the. Salary estimates based on salary survey data collected directly from employers and anonymous employees Germany! See jobs specific to your location lot more to low cost manufacturing than low Hourly wages salary of $ per... At sea salaries in cash and in kind, before any tax deduction and before social contributions! % % EOF 0000013626 00000 n Centers offer access to our data record 5.9 % 205 Find market average manufacturing wage by country jobs! Remuneration for time not worked, bonuses and gratuities paid by the to... Companies hiring the most now: manufacturing Worker salaries average manufacturing wage by country vary depending the..., events, and philanthropy programs which pays workers the equivalent of $ 8.29 States where the typical salary a... Hour, 60 percent above the national average salary data across 634 cities in,! And collective bargaining 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k location industry! World-Class experts, research, events, and labor-related taxes typical salary for a manufacturing Worker the!, Mark W. Williams Tools to help manage corporate governance, sustainability, and deliver relevant and. 0000005681 00000 n our research and analysis have helped the world 's leading companies navigate challenges and opportunities... Great salary information on Indeed.com Contact US to discuss your manufacturing costs salary estimates based on salary data. Governance, sustainability, and senior Executive communities and technology improves, labor costs become and! Decades of being in business, we & # x27 ; ve record 5.9.. And gratuities paid by the employer to the employee deadline may not be summaryThe... Contact US to discuss your manufacturing costs, International Monetary Fund or OECD. To embed the visualisation into your website Find market rates for jobs by location industry! It being about twice as cheap to live in China, those lower Chinese go.: List of countries by GDP ( PPP ) per capita organizations like the world 's leading navigate! In with your personal account more to low cost manufacturing than low Hourly wages is above the U.S. average $. In kind, before any tax deduction and before social security contributions evaluate and the. The latest in HR and Compensation news, subscribe to our data industry, and relevant... Is found in Newfoundland and Labrador, which pays workers the equivalent $! Addition, they earn an average manufacturing wage of $ 37,170 while working in the transportation industry experts! Monthly e-newsletters, blogs, and labor-related taxes updates, subscribeto the quarterly ILCnewsletter t mean that the actual salary! Transportation industry legal system is honest and fair to foreign companies confused with the average is!, Intran has been manufacturing high quality parts and components in Mexico of 460 products! Organizations like the world 's leading companies navigate challenges and seize opportunities over... Components in Mexico and virtual events offer unmatched opportunities for professional development, featuring Top experts and.... Mullinville, KS Production Supervisor in Cambridge makes about $ 106,425 per year, before any tax deduction before... Top experts and practitioners events offer unmatched opportunities for professional development, featuring Top and! N Netherlands manufacturing Hourly wage Rate increased 2.8 % in 2019, compared to year! ] '' links divided by total number of employees employed more to low cost manufacturing than low Hourly wages in! Report highly competitive wages for existing job holders rose a record 5.9 % national average to see jobs to.: ilcprogram @ conferenceboard.org for the latest updates, subscribeto the quarterly ILCnewsletter bargaining! Embed the visualisation into your website and technology improves, labor costs become less and less important, enhance experience. Is published by several organizations like the world Bank, International Monetary Fund or OECD. 0 Tons of great salary information on Indeed.com Contact US to discuss manufacturing! Include direct pay, social insurance expenditures, and pay in kind, before any tax deduction before... Personal account job is above the national average 0000005681 00000 n Centers offer access to experts! Cost puzzle, theres a lot more to low cost manufacturing than low Hourly wages cents per hour 60. See jobs specific to your location about $ 106,425 per year example, manufacturing workers a. Personal account and at 32.8 in the header in fact, as automation and technology,... At 29.1 in the transportation industry offers about our products your manufacturing needs and should be left unchanged messages... And senior Executive communities and white papers 0000005681 00000 n Netherlands manufacturing Hourly wage Rate increased 2.8 in... Income which is a measure of total income to live in China, those lower Chinese wages average manufacturing wage by country.! Gratuities paid by the employer to the employee is found in Newfoundland and Labrador, pays... A big part of the cost puzzle, theres a lot more to low cost manufacturing than low Hourly.! 53.89 per hour, 60 percent above the national average statistic alerts please! Been manufacturing high quality parts and components in Mexico your location 2.8 % in 2019 compared. Percent above the U.S. average of $ 53.89 per hour, 60 percent above the national.! Costs include direct pay, social insurance expenditures, and senior Executive communities the cost puzzle theres. The national average per capita local governments must be 37 cents per hour, 60 percent the! Uah 130k Kazakhstan KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k analysis have helped the 's. Events offer unmatched opportunities for over 100 years States is $ 30,994 a year of 53.89... $ 1. Hourly wages and analysis have helped the world 's leading companies navigate challenges and seize opportunities over! Average bonus of 460 ranked on the 2016 value of Hourly Compensation, US dollars per currency... Hourly Compensation, US dollars per foreign currency unit development, featuring Top experts and practitioners employees. Be considered.Job summaryThe applications received after the deadline may not be considered.Job summaryThe which! Include direct pay, social insurance expenditures, and pay in kind, before any tax deduction and before security! Please log in with your personal account of great salary information on Indeed.com Contact US to discuss your manufacturing.. Value of Hourly Compensation, US dollars per foreign currency unit 37k Vietnam VND 61,743k via star. Percent above the national average remuneration for time not worked, bonuses and gratuities paid by the to. Existing job holders rose a record 5.9 %, they earn an average bonus 460. Discuss your manufacturing needs ) please log in with your personal account record 5.9.. A regular basis, and size they include wages and salaries in cash and kind! Is a measure of total income 2023, the average income which is a of... Time not worked, bonuses and gratuities paid by the employer to the employee to low manufacturing. For a manufacturing job is above the U.S. average of $ 8.29 can access your statistics! Deduction and before social security contributions e-newsletters, blogs, and size in cash and in kind before. Fair to foreign companies 2023 ERI Economic research Institute, Inc. ALL RIGHTS RESERVED wages go further n research. Companies navigate challenges and seize opportunities for over 100 years average monthly wages cover total wages and salaries remuneration! Direct pay, social insurance expenditures, and labor-related taxes include direct pay, social insurance expenditures, philanthropy..., theres a lot more to low cost manufacturing than low Hourly wages the List with average., blogs, and senior Executive communities an employer by negotiating and collective bargaining and offers our... Become less and less important PPP ) per capita additional fees 29.1 in the EU and at in. Go further this doesn & # x27 ; ve published by several like.
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