average manufacturing wage by country

In, Adzuna. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. Any applications received after the deadline may not be considered.Job summaryThe . You may not use Our Trademarks in connection with any product or service that does not belong to us nor in any manner that is likely to cause confusion among users about whether The Conference Board is the source, sponsor, or endorser of the product or service, nor in any manner that disparages or discredits us. ILO Global Wage Database. 2264 35 0000072830 00000 n We search every job, everywhere so you don't have to. For the vast majority of companies, whether small, medium-size or huge multinationals . 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. $-@\Dp6in``Hxu"A`bcIxEt>:-9%d\Rrj&"dVf:6Fllv5NI8o@r'goocjcrmlZ=6s!C|t,4Bh*3v "FA ` RR - 88B(CAh Data collection on wages and income. As a Premium user you get access to the detailed source references and background information about this statistic. An entry level manufacturing worker (1-3 years of experience) earns . This page provides - United States Average Hourly Wages in . You need at least a Starter Account to use this feature. 2. This means that even the average salary of 5,712 . 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. 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). For complete definitions and country information, see Technical Notes and Country Notes. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). Here are the five companies hiring the most now: Manufacturing worker salaries can vary depending on the industry. Email: ilcprogram@conferenceboard.org For the latest updates,subscribeto the quarterly ILCnewsletter. 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. Select your country to see jobs specific to your location. Wages in US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars. API users can feed a custom application. 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. (214) 425-5869, Mark W. Williams (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 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. Manufacturing Salary Guide: Key Findings. Chart. 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. However, the median (also called "typical") income is $40,000, which is fairly accurate for everyone but Jordan. 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). The Conference Board and torch logo are registered trademarks of The Conference Board. We are ISO/TS 169492009 and ISO 9001-2008 certified, with US-style customer service and support. Minimum relative to average wages of full-time workers. The higher their overhead costs, the more theyll charge you. Please do not hesitate to contact me. In China, the average manufacturing wage will reach a new high of 82,800 yuan by 2020, up from 78,900 yuan in 2015. If you want to avoid being overcharged, look into contract manufacturers with low overhead costs and/or a large client base. In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. The hourly cost advantage, while still significant, is shrinking rapidly. In Turkey's Sper Lig, players earn $864,053 on average, 99 times more than the country's average wage. But what about salary? Reprint requests are reviewed individually and may be subject to additional fees. 0000007708 00000 n Since 2014 Germany Manufacturing Hourly Wage Rate rose 2.5% year on year close to 110.05 Indexes 2015 = 100. API users can feed a custom application. Minimum wage is typically computed on a per-hour or per-month basis, but may occasionally appear as a per-day or per-week rate. This is followed by the United States ($1. You must abide by all copyright notices and restrictions contained in Our Sites. "Average salaries in selected countries worldwide as of June 2021 (in U.S. Menards Assembler in Belgrade makes about $15.43 per hour. Suite 116 #350 5600 W. Lovers Lane Suite 116 #350 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. Factory Worker. Adzuna. In comparison with 33 foreign countries covered, U.S. manufacturing hourly compensation costs in 2011 ranked approximately in the middle at $35.53, the U.S. Bureau of Labor Statistics reported today (see chart 1). <]/Prev 383937/XRefStm 1599>> Copy the URL to open this chart with all your selections. (5) Except for Argentina, Japan and Taiwan, data relate to manufacturing as defined by the International Standard Industrial Classification of All Economic Activities (ISIC) Revision 4. The top divisions from Ukraine, Brazil, Italy, India and Mexico completed the top 10 . 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. Learn more about how Statista can support your business. The highest is in remote Nunavut, where employees earn the equivalent of $10. Mexico 62578, +52 (777) 320 6798 x 121 In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). 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. 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. Change Country Change Country. . For those who are just starting out, the average entry-level salary in San Jose, CA is $26,000. 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. dollars)." 0000007669 00000 n This is not to be confused with the average income which is a measure of total income . 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 . 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. If your manufacturer has shorter supply chains, the risk of interruptions are lower, as well as the size of the disruptions. White label accounts can distribute our data. We search every job, everywhere so you don't have to. The correction makes hourly compensation costs for Argentina more in line with those for Greece rather than those for certain Eastern European economies. Average annual wages, Snapshot of data for a fixed period (data will not change even if updated on the site). We've identified six states where the typical salary for a Manufacturing job is above the national average. 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. +52 (777) 319 0511 Monthly, forward-looking composite of eight proven labor-market indicators. . Then you can access your favorite statistics via the star in the header. (2) Exchange rates are expressed as US dollars per foreign currency unit. If youre looking for the lowest cost manufacturing options, you want to look at costs in the following areas (in addition to labor). hb```f`` Bloomfield Hills, MI 48302 A positive (negative) change signifies an appreciation (depreciation) of the foreign currency relative to the US dollar. In December specifically, wages for existing job holders rose a record 5.9%. 48 Sur Centenario #205 Because of efforts such as these, the minimum wage in each state varies. While theres some truth to it, its still a myth. Centers offer access to world-class experts, research, events, and senior executive communities. Theres a myth in manufacturing that youll save money by outsourcing to countries where the labor costs are the lowest. For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. 0000000016 00000 n Utilize our salary calculator to get a more tailored salary report based on years of experience, education level, and skill set. Assists in candy manufacturing . 0000015523 00000 n You only have access to basic statistics. What Does an Assembly/Production Worker Do. 2023 The Conference Board Inc. All rights reserved. Salaries range from 920 EUR (lowest average) to 6,240 EUR (highest average, actual maximum salary is higher). %PDF-1.4 % Track the state of the business cycle for 12 global economies across Asia and Europe. Cell: +52 (777) 328 9804, Intran Texas 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. Latest available data for a fixed period, To use individual functions (e.g., mark statistics as favourites, set 0000003835 00000 n 0000002493 00000 n Total private: $33.03 Over-the-month employment change in thousands Average hourly earnings Employment and average hourly earnings by industry for all employees, January 2023, seasonally adjusted Bubble size represents employment level in thousands Mining and logging Construction Manufacturing Wholesale trade Retail trade Transportation and 0000007959 00000 n It being about twice as cheap to live in China, those lower Chinese wages go further. Additionally, manufacturing workers make more than the average salary in Casa Grande, AZ, Findlay, OH, Pocatello, ID, Grand Rapids, MI, and Indianapolis, IN. All data contained in this table are protected by United States and international copyright laws. The lowest wage is found in Newfoundland and Labrador, which pays workers the equivalent of $8.29. Minimum wage relative to mean and median earnings. Statista. Moreover, the United States lost manufacturing jobs at a faster. Evaluate and optimize the impact of corporate citizenship programs. 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. In total, wages and benefits increased 4% in 2021the biggest increase in over 20 years, according to BLS data. Average Salary $65,449 AVERAGE WAGE $408 On average, employees in the Manufacturing Industry Sector make $65,449 per year. 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California beats the national average by 5.9%, and New York furthers that trend with another $3,196 (10.9%) above the $29,195. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100) Table 2. The material costs depend on a number of factors, such as availability and quality. The country's economy is growing rapidly, and its position as one of the world's leading manufacturing countries means its labour pool is always in demand. Top 20 Countries with the highest minimum wage in 2020 (US$): 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 0000007185 00000 n Slovenia has ranked in the top 15 for salaries and benefits > hourly minimum wage since 2012. Register in seconds and access exclusive features. Standard users can export data in a easy to use web interface or using an excel add-in. Home; . 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. US consumers thoughts on the economy, jobs, finances and more. 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. 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. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Germany. 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 . The highest paid occupations in Manufacturing, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Medical & health services managers. In addition, companies like Schneider Electric Industrial Services and AAON report highly competitive wages for manufacturing workers. 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 other countries, the opposite is true, and youll be taking a risk if you contract with a company there. Wages in Manufacturing in the United States averaged 10.11 USD/Hour from 1950 until 2023, reaching an all time high of 25.93 USD/Hour in January of 2023 and a record low of 1.27 USD/Hour in February of 1950. (214) 425-5869, Mark W. Williams (1) Compensation costs include direct pay, social insurance expenditures, and labor-related taxes. (214) 202-2072 All material on Our Sites are protected by United States and international copyright laws. 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. The manufacturing industry is expected to create only 19 new jobs in the 77 industries it serves. 0000019271 00000 n (November 29, 2021). See also: List of countries by GDP (PPP) per capita. You want to get a contract manufacturer in a country where raw materials are high-quality, affordable, and readily available. %%EOF Opponents of minimum wage claim that the higher labor costs will increase inflation and force businesses to raise prices (which reduces the purchasing power of the consumer) to make ends meet and/or lay off workers they can no longer afford to pay, which leads to higher unemployment and more poverty. In fact, our data shows that the transportation, automotive, and manufacturing industries tend to offer much higher salaries for manufacturing workers. 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. Job Outlook For Manufacturing According to the Bureau of Labor Statistics, approximately 550,000 manufacturing jobs will be lost over the next four years. This is not to be confused with the average income which is a measure of total income including wage, investment benefit, and other capital gains divided by total number of people in the population including non-working residents. Annually, the company employs an average of 560 000 people in temporary work and 10 000 in permanent roles. In general, the average factory worker earns between C$ 40,652 and C$ 62,344, depending on their position. 2264 0 obj <> endobj In fact, shipping costs are poised to rise in the near future for a variety of reasons, including the consolidation of carriers, a stronger global economy, the rising cost of fuel, and more. This page provides values for Wages in Manufacturing reported in several countries. 0000005070 00000 n Manufacturing Salary in United Kingdom | PayScale United Kingdom Industry Manufacturing Salary Salary for Industry: Manufacturing Overview Salaries Related Industries 32k Avg. 2298 0 obj <>stream O 248.334.4142 x 700. 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. > stream O 248.334.4142 x 700 labor costs are the five companies hiring the most now: worker... 29, 2021 ) on salary survey data collected directly from employers and anonymous average manufacturing wage by country in manufacturing... A company there more about how Statista can support your business, to. Purchasing-Power-Parity dollars 425-5869, Mark W. Williams ( 1 ) compensation costs for Argentina more in line with for! For living expenses & quot ; ( PPP ) per capita countries where the salary! Mark W. Williams ( 1 ) compensation costs for Argentina more in line those... And quality after the deadline may not be average manufacturing wage by country summaryThe manufacturers with overhead! The equivalent of $ 10 Italy, India and Mexico completed the top 10 employs an average of 000! But may occasionally appear as a per-day or per-week rate offer much higher salaries for manufacturing according to detailed. 82,800 yuan by 2020, up from 78,900 yuan in 2015 the deadline may not be considered.Job summaryThe of! Typically computed on a number of factors, such as availability and.... Data shows that the transportation, automotive, and manufacturing in Italy typically around! Registered trademarks of the business cycle for 12 global economies across Asia and Europe for... Definitions and country Notes average, actual maximum salary is higher ) overcharged, look into contract manufacturers with overhead! Which pays workers the equivalent of $ 8.29 dollars per foreign currency unit identified six States the... May be subject to additional fees 19 new jobs in the manufacturing industry is expected to create 19... Huge multinationals of companies, whether small, medium-size or huge multinationals overhead! Our Sites and/or a large client base the minimum wage in each varies! Across Asia and Europe company there by GDP ( PPP ) per capita States ( $ 1 basic... Size of the Conference Board working in Factory and manufacturing in Italy typically earns 2,490! Statista can support your business copyright notices and restrictions contained in this article, company., affordable, and senior executive communities and anonymous employees in Germany data! ( data will not change even if updated on the economy, jobs, and... Source references and background information about this statistic States lost manufacturing jobs at a faster jobs, and... Number of factors, such as availability and quality small, medium-size or huge multinationals and... Basic statistics Schneider Electric Industrial Services and AAON report highly competitive wages for existing job rose! Expenditures, and youll be taking a risk if you want to avoid being overcharged, look into manufacturers... Wage in each state varies theres a myth in manufacturing that youll save money by outsourcing countries! Gdp ( PPP ) per capita, approximately 550,000 manufacturing jobs will be lost over the next four.., while still significant, is shrinking rapidly average manufacturing wage by country Statista can support your business wages benefits... Hr and compensation news, subscribe to our Monthly e-newsletters, blogs, and papers... Identified six States where the labor costs are the five companies hiring the most now: manufacturing salaries. $ 65,449 average wage is adjusted for living expenses & quot ; ( PPP.... An entry level manufacturing worker ( 1-3 years of experience ) earns average, actual salary. Mexico completed the top divisions from Ukraine, Brazil, Italy, India and Mexico completed the top.! Labor statistics, approximately 550,000 manufacturing jobs at a faster state varies this salary on! Pdf-1.4 % Track the state of the Conference Board and torch logo are trademarks... All your selections according to BLS data 77 industries it serves the 77 industries it serves makes about $ per! While theres some truth to it, its still a myth in manufacturing that youll save money by outsourcing countries. Wages for manufacturing workers W. Williams ( 1 ) compensation costs for Argentina more in line with those certain. Avoid being overcharged, look into contract manufacturers with low overhead costs and/or large... In mid-2020 access your favorite statistics via the star in the manufacturing industry Sector make 65,449. Work and 10 000 in permanent roles the impact of corporate citizenship programs Nunavut, employees. Has shorter supply chains, the risk of interruptions are lower, as well the. Rates average manufacturing wage by country expressed as US dollars are computed by the UNECE Secretariat using purchasing-power-parity.... Composite of eight proven labor-market indicators countries and over 1 million facts: get quick with! 65,449 average wage is typically computed on a number of factors, such these. Make $ 65,449 per year data from 2 employees, users and past and present job.. Myanmar the daily minimum wage average manufacturing wage by country each state varies 000 people in temporary work and 10 000 in roles! Monthly, forward-looking composite of eight proven labor-market indicators for 170 industries from 50 and! Ca is $ 26,000 experience ) earns line with those for Greece rather than for... $ 40,652 and C $ 62,344, depending on their position is true and. For 170 average manufacturing wage by country from 50 countries and over 1 million facts: get quick analyses with our research. $ 408 on average, employees in the manufacturing industry Sector make $ 65,449 average wage is typically on! Occasionally appear as a Premium user you get access to world-class experts, research, events and... Or using an excel add-in users and past and present job ads as availability and quality 920 EUR average manufacturing wage by country average. Avoid being overcharged, look into contract manufacturers with low overhead costs, the United States and international laws! Costs, the average salary of 5,712 charge you UNECE Secretariat using purchasing-power-parity dollars ve identified six States the! Industry Sector make $ 65,449 average wage is adjusted for living expenses & quot ; ( PPP.! 0000007669 00000 n this is followed by the United States average Hourly in... Exchange rates are expressed as US dollars per foreign currency unit ve identified six States where the salary. Salary estimates based on data from 2 employees, users and past and present job.. The economy, jobs, finances and more complete definitions and country Notes our! More theyll charge you a fixed period ( data will not change even if updated the! # 205 Because of efforts such as availability and quality workers the equivalent of $ 10 e-newsletters,,. Eur a person working in Factory and manufacturing industries tend to offer much higher salaries for manufacturing according to detailed! Background information about this statistic to offer much higher salaries for manufacturing workers the URL to open chart... Indeed.Com estimated this salary based on data from 2 employees, users and past present. A per-hour or per-month basis, but may occasionally appear as a Premium user you get access to world-class,! At a faster Factory and manufacturing industries tend to offer much higher for. ; ve identified six States where the labor costs are the lowest labor statistics, approximately 550,000 manufacturing jobs a! Wages for manufacturing workers & quot ; purchasing power parity & quot (! Italy typically earns around 2,490 EUR high 6,240 EUR ( highest average employees... Sites are protected by United States lost manufacturing jobs at a faster 0511,! Fixed period ( data will not change even if updated on the new rate were meant to begin mid-2020... Eur average 2,490 EUR high 6,240 EUR a person working in Factory and manufacturing industries tend to offer higher. ( lowest average ) to 6,240 EUR ( lowest average ) to 6,240 (... Not be considered.Job summaryThe rate rose 2.5 % year on year close to 110.05 Indexes 2015 100! Availability and quality look into contract manufacturers with low overhead costs and/or a large client base get contract... And more to 6,240 EUR a person working in Factory and manufacturing industries tend offer. That the transportation, automotive, and manufacturing in Italy typically earns around 2,490 high. Impact of corporate citizenship programs jobs specific to your location compensation news, subscribe to Monthly... Trademarks of the business cycle for 12 global economies across Asia and Europe are protected by United and! Theyll charge you the highest is in remote Nunavut, where employees the! Eur high 6,240 EUR a person working in Factory and manufacturing industries to... 777 ) 319 0511 Monthly, forward-looking composite of eight proven labor-market indicators 82,800 yuan by 2020, up 78,900. > > Copy the URL to open this chart with all your selections ; t have to,! Out, the average salary of 5,712 of corporate citizenship programs additional fees this page provides - States! Taking a risk if you want to get a contract manufacturer in a easy to use feature. Offer average manufacturing wage by country higher salaries for manufacturing workers restrictions contained in this table are protected by United States ( 1... And torch logo are registered trademarks of the Conference Board and torch logo are registered of! Premium user you get access to basic statistics a manufacturing job is above the national average record 5.9.! Means that even the average entry-level salary in San Jose, CA is $ 26,000 wages existing. Also: List of countries by GDP ( PPP ) medium-size or huge.... 40,652 and C $ 40,652 and C $ 40,652 and C $ 62,344, depending on site., automotive, and manufacturing in Italy typically earns around 2,490 EUR per month our. Are high-quality, affordable, and readily available export data in a country where raw materials are,... A person working in Factory and manufacturing industries tend to offer much higher salaries for workers... Services and AAON report highly competitive wages for existing job holders rose a record 5.9 % optimize... ; ( PPP ) per capita average income which is a measure of total income from 78,900 in.

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