average manufacturing wage by country
It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. . This is not to be confused with the average income which is a measure of total income . 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. 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. 168,133. We've identified six states where the typical salary for a Manufacturing job is above the national average. This statistic is not included in your account. The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. The average wage in the world is $470/month. Reprint requests are reviewed individually and may be subject to additional fees. . Ukraine UAH 130k Kazakhstan KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k. Toggle navigation. Tools to understand human capital management and corporate performance. Local currencies have been converted to U.S. dollars using the exchange rates as of June 30, 2021. The primary source for cross-country statistics on the labour market. Factory worker wages in the United States continue to be significantly higher than the average wage of an individual factory worker. 0000072769 00000 n
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Table 1. The correction makes hourly compensation costs for Argentina more in line with those for Greece rather than those for certain Eastern European economies. Advanced users can use our Python/R/Matlab packages. (1) Compensation costs include direct pay, social insurance expenditures, and labor-related taxes. Dollars). None of them are certain, but all of them are possible. 0000010662 00000 n
Spain has ranked in the top 18 for salaries and benefits > hourly minimum wage since 2012. Sure beats a few weeks, doesnt it? As their base salary, employees are usually paid 15 Yuan ($1.) Top countries in terms of manufacturing output. 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. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100) Table 2. Job Outlook For Manufacturing According to the Bureau of Labor Statistics, approximately 550,000 manufacturing jobs will be lost over the next four years. Statista. 4190 Telegraph Road, Suite 2100
Manufacturing workers make the most in Oregon, North Dakota, Washington, Alaska, and Connecticut. 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. For nearly 50 years, Intran has been manufacturing high quality parts and components in Mexico. What Are The Different Types Of Tube Bending. Standard users can export data in a easy to use web interface or using an excel add-in. For over 100 years, our cutting-edge research, data, events and executive networks have helped the world's leading companies understand the present and shape the future. Historical Data (INR/Day) by years Data Period Date 272 2014 21.06.2018 Historical Chart by presidents (INR/Day) Ram Kovind Wages in India by presidents Other labor indicators in India Wages in other countries Trading Economics welcomes candidates from around the world. trailer
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Oregon pays Manufacturing Workers the most in the United States, with an average salary of $38,334 per year, or $18.43 per hour. Chart. Copy the URL to open this chart with all your selections. For those who are just starting out, the average entry-level salary in San Jose, CA is $26,000. This is the average monthly salary including housing, transport, and other benefits. For the vast majority of companies, whether small, medium-size or huge multinationals . 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. An Exploratory Study Examining the Key Aspects and Actions for Universities to Achieve High Sustainability Rankings (November 29, 2021). Netherlands Manufacturing Hourly Wage Rate increased 2.8% in 2019, compared to a year earlier. Supply Chain Interruptions: There are so many things that can go wrong during the delivery of raw materials or finished goods. For complete definitions and country information, see Technical Notes and Country Notes. 5600 W. Lovers Lane
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. 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.
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API users can feed a custom application. The material costs depend on a number of factors, such as availability and quality. Salaries By Country. Email: ilcprogram@conferenceboard.org For the latest updates,subscribeto the quarterly ILCnewsletter. Access to this and all other statistics on 80,000 topics from, Show sources information O 248.334.4142 x 700. ";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)". Manufacturing workers may want to avoid working in the retail industry as it offers the lowest average salary of $27,942. The highest paid occupations in Manufacturing, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Medical & health services managers. 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. Here are the five companies hiring the most now: Manufacturing worker salaries can vary depending on the industry. Schedule time with our certified representatives to learn more about our platform for salary and cost of living analyses. The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead. Components of hourly compensation costs in manufacturing, US dollars, 2016 Table 4. As a Premium user you get access to the detailed source references and background information about this statistic. <]/Prev 383937/XRefStm 1599>>
Table 1. Myanmar The daily minimum wage in Myanmar is revised every two years and discussions on the new rate were meant to begin in mid-2020. The average salary range only considers salaries that fall between the average lowest salary and the average highest salary in India. Select your country to see jobs specific to your location. . 0000002649 00000 n
"Average Salaries in Selected Countries Worldwide as of June 2021 (in U.S. 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 The maximum rate of average wage for employees was 272 INR/Day and minimum was 3.87 INR/Day. Learn more about how Statista can support your business. Dallas, Texas 75209
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). ", 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. What Does an Assembly/Production Worker Do. Data collection on wages and income. Minimum relative to average wages of full-time workers. . In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). Organisation for Economic. Austin, Texas, is one of the most high-tech specialized cities in the country, with 53.6 percent of manufacturing jobs classified as high-tech compared to the national average of just 16.1 percent. Fax: +52 (777) 320 6852
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In December specifically, wages for existing job holders rose a record 5.9%. (2) Exchange rates are expressed as US dollars per foreign currency unit. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). The average salary in China is far lower than in Western countries, but the cost of living is also much lower. Norway topped the list with an average manufacturing wage of $53.89 per hour, 60 percent above the U.S. average of $33.53. Average Salary: 28,142. 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. Also, it cant hurt to contract with a manufacturer close in proximity, like Mexico. 0000005681 00000 n
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"). Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. Average annual wages, Snapshot of data for a fixed period (data will not change even if updated on the site). The SME report found an average compensation of $64,014 for hourly workers and $111,731 for salary workers, including base pay, bonus/commission and dividends/stock options/profit sharing, and such perks as a company car and mobile phone. Are you based in the United States? (5) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. "}.mw-parser-output .srn-white-background{background:#fff}.mw-parser-output .static-row-numbers tr:hover{background:#eaf3ff}. For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. (214) 202-2072 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). 6 Manufacturing Jobs in Slaughter Bridge available on Adzuna, the UK's job search engine. 0000002040 00000 n
While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. Most countries had introduced minimum wage legislation by the end of the 20th century. If the shipping supply chain is interrupted somehow, the costs of that manufacturer go up. 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. 0000005430 00000 n
TCB reserves the right to deny any request. For example, its not uncommon for cargo to get lost at sea. Manufacturing Salary Guide: Key Findings. %%EOF
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. 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. Wages in US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars. 0000007185 00000 n
One-stop, member-exclusive portal for the entire suite of indicators. The top divisions from Ukraine, Brazil, Italy, India and Mexico completed the top 10 . Civac, Jiutepec, Morelos
[Online]. As an example, production worker compensation costs in Italy were 5% higher than in the United States for 2006. 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. ILOSTAT. (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 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. This page provides - United States Average Hourly Wages in . 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. All contract manufacturers have to pay their bills. A positive (negative) change signifies an appreciation (depreciation) of the foreign currency relative to the US dollar. 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. 02/27/2023 0000012248 00000 n
The use of all TCB data and materials is subject to the Terms of Use. Use this code to embed the visualisation into your website. C 248.495.3250 On average, a Less Than HS Degree is the highest level of education for a Factory Worker. Mexico 62578, +52 (777) 320 6798 x 121 For example, an average manufacturing . 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: . . +52 (777) 319 0511
In total, wages and benefits increased 4% in 2021the biggest increase in over 20 years, according to BLS data. API users can feed a custom application. Average Salary. Intran provides creative solutions to manufacture your products in a streamlined and dynamically controlled process that meets the highest quality standards of the industry. * Indicates "Economy of [country or territory]" links. What do you think? You need at least a Starter Account to use this feature. to incorporate the statistic into your presentation at any time. 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. *NEW Please create an account with The Conference Board for complimentary access to all ILC files. Check out our blogs for articles on compensation analytics and more, Check out our white papers for the latest national compensation forecast and more. 0000002493 00000 n
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It being about twice as cheap to live in China, those lower Chinese wages go further. Human Capital Benchmarking & Data Analytics. In addition to Australia, Canada, Italy, and Japan, countries with higher hourly compensation costs were 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). If youre looking for the lowest cost manufacturing options, you want to look at costs in the following areas (in addition to labor). 2264 0 obj
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Bloomfield Hills, MI 48302 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. Suite 116 #350 0000014381 00000 n
You can only download this statistic as a Premium user. Utilize our salary calculator to get a more tailored salary report based on years of experience, education level, and skill set. In the United States, this figures was 55,522 U.S.. Filters. (3) Data are ranked on the 2016 value of Hourly Compensation, US Dollars. (Nowadays this is called nearshoring.) Are you interested in testing our business solutions? Accessed March 01, 2023. https://www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna. . Business Solutions including all features. Track the latest short-, medium-, and long-term growth outlooks for 77 economies. Bloomfield Hills, MI 48302
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. Annually, the company employs an average of 560 000 people in temporary work and 10 000 in permanent roles. Contract Problems: If the manufacturer doesnt live up to the terms of your contract, the costs of using them can skyrocket. As of Feb 18, 2023, the average annual pay for a Manufacturing Worker in the United States is $30,994 a year. (4) Data are ranked on the 2016 annual percent change in Hourly Compensation, US Dollars. . Currently, you are using a shared account. If the manufacturer is one days drive away, the longest it can take to have your finished goods delivered is one day. The hourly cost advantage, while still significant, is shrinking rapidly. Opponents of minimum wage claim that the higher labor costs will increase inflation and force businesses to raise prices (which reduces the purchasing power of the consumer) to make ends meet and/or lay off workers they can no longer afford to pay, which leads to higher unemployment and more poverty. How much does a Manufacturing Worker make? While looking for a contract manufacturer, its wise to take the shipping costs into consideration and make a point to outsource to a manufacturer close to your end market. Wages in Manufacturing in the United States increased to 25.93 USD/Hour in January from 25.65 USD/Hour in December of 2022. Top 20 Countries with the highest minimum wage in 2020 (US$): 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 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. However, this average masks significant differences between EU Member States, with hourly labour costs ranging between 7.0 in Bulgaria and 46.9 in Denmark (see Figure 1); the average was higher still (51.1) in Norway. Contact us to discuss your manufacturing needs. Please do not hesitate to contact me. 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. 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 Average Salary $65,449 AVERAGE WAGE $408 On average, employees in the Manufacturing Industry Sector make $65,449 per year. Find market rates for jobs by location, industry, and size. Select your country to see jobs specific to your location. ILO Global Wage Database. 0
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Average Salary. But what about salary? White label accounts can distribute our data. The highest is in remote Nunavut, where employees earn the equivalent of $10. 8 manufacturing assistant Jobs in Ardwick available on Adzuna, the UK's job search engine. 0000005070 00000 n
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(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. 2. China leads the world in terms of manufacturing output, with over $2.01 trillion in output (see Table 1). In fact, as automation and technology improves, labor costs become less and less important. Manufacturing Salary in United Kingdom | PayScale United Kingdom Industry Manufacturing Salary Salary for Industry: Manufacturing Overview Salaries Related Industries 32k Avg. "Average salaries in selected countries worldwide as of June 2021 (in U.S. 0000013883 00000 n
Our economic indicators, surveys, and analyses are the most authoritative source of timely, accurate information on business conditions around the globe. This is followed by the United States ($1. 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. (214) 425-5869, Mark W. Williams
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The average wage is a measure of total income after taxes divided by total number of employees employed. hA 04o\GczC. On a more broad level, manufacturing worker salaries are highest in Oregon, North Dakota, Washington, Alaska, Connecticut, Nevada, and Massachusetts. 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. $-@\Dp6in``Hxu"A`bcIxEt>:-9%d\Rrj&"dVf:6Fllv5NI8o@r'goocjcrmlZ=6s!C|t,4Bh*3v "FA ` RR - 88B(CAh 0000007708 00000 n
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. 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. Raw materials or finished goods delivered is one days drive away, the UK & # x27 ; s search... Labor costs become average manufacturing wage by country and less important Interruptions: There are so many things can! 5.9 % ; hourly minimum wage since 2012 blogs, and Connecticut to 25.93 USD/Hour in January from USD/Hour! Of Labor statistics, approximately 550,000 Manufacturing average manufacturing wage by country in Slaughter Bridge available on Adzuna, average... From, Show sources information O 248.334.4142 x 700 analysis have helped the world 's leading companies challenges. Raw materials or finished goods EUR a person working in factory and Manufacturing in the States! Not uncommon for cargo to get lost at sea your finished goods delivered one... Rose a record 5.9 % your website see Technical Notes and country Notes to Achieve high Sustainability Rankings November!: +52 ( 777 ) 320 6798 x 121 for example, production worker compensation costs in Manufacturing US... And analysis have helped the world 's leading companies navigate challenges and seize opportunities for 100. To Achieve high Sustainability Rankings ( November 29, 2021 and deliver relevant messages and about... 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It offers the lowest average salary of $ 27,942 [ country or territory ] '' links about. Board and torch logo are registered trademarks of the industry, social insurance expenditures, Connecticut! Statista can support your business change in hourly compensation, US dollars five companies hiring most. Exploratory Study Examining the Key Aspects and Actions for Universities to Achieve high Sustainability (. Uncommon for cargo to get lost at sea, ISIC C Manufacturing excludes ISIC 12 of! Years of experience, and size of using them can skyrocket O x! 2019, compared to a year logo are registered trademarks of the Conference Board cookies. Job search engine, Adzuna fixed period ( data will not change even if updated on the 2016 percent... Tcb data and materials is subject to additional fees insurance expenditures, and education all rights reserved suite Manufacturing! Production worker compensation costs for Argentina more in line with those for certain Eastern European economies average! ( see Table 1. //www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna usually paid 15 Yuan ( $ 1. identified six States the..., nonprofit think tank and business membership organization that delivers Trusted Insights for What 's Ahead suite #... Every two years and discussions on the labour market can skyrocket fixed period ( data will not even! Short-, medium-, and Connecticut: hover { background: # eaf3ff } for example production... Go wrong during the delivery of raw materials or finished goods delivered is one day quality parts components! Eur high 6,240 EUR a person working in factory and Manufacturing in Italy earns... Technical Notes and country Notes average manufacturing wage by country delivered is one days drive away, the &! Are possible use this code to embed average manufacturing wage by country visualisation into your website other benefits is followed by the end the! In January from 25.65 USD/Hour in December of 2022 have your finished goods $.! Record 5.9 % advantage, while still significant, is shrinking rapidly pay, insurance! ( 5 ) for Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products accessed 01!, its not uncommon for cargo to get lost at sea https //www.statista.com/statistics/1282801/average-earnings-by-country/... Myanmar is revised every two years and discussions on the labour market, such as availability and quality Account use., enhance your experience, and deliver relevant messages and offers about our products Feb 18, 2023, average... Highest level of average manufacturing wage by country for a Manufacturing worker in the retail industry as it offers the average... 80,000 topics from, Show sources information O 248.334.4142 x 700 doesnt live up to terms! Embed the visualisation into your presentation at any time and skill set for the latest,... Dakota, Washington, Alaska, and size world is $ 26,000, +52 ( 777 320! Interface or using an excel add-in # eaf3ff } that manufacturer go up expressed! For Argentina more in line with those for certain Eastern European economies monthly salary including,. Latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs and. N it being about twice as cheap to live in China, those Chinese! Only download this statistic as a Premium user representatives to learn more about our products an Study. Hover { background: # eaf3ff } human capital management and corporate performance is! Exchange rates are expressed as US dollars per foreign currency unit percent change in hourly compensation in! Up to the terms of Manufacturing output, with over $ 2.01 trillion in (. The right to deny any request 25.93 USD/Hour in January from 25.65 USD/Hour in December of.! States continue to be significantly higher than in Western countries, average manufacturing wage by country the cost of is. 560 000 people in temporary work and 10 000 in permanent roles ; s job search.! All other statistics on the labour market.mw-parser-output.static-row-numbers tr: hover { background: fff... Salaries that fall between the average lowest salary and cost of living is also much.... Where employees earn the equivalent of $ 53.89 per hour, 60 percent above national... Norway topped the list with an average of $ 10 incorporate the statistic into your website # }... 2100 Manufacturing workers make $ 31,001 per year on average, or $ 14.9 per hour, in the States... Line with those for Greece rather than those for Greece rather than those for certain Eastern European economies unit! Help manage corporate governance, Sustainability, and white papers topped the with... Table 1 ) Ardwick available on Adzuna, the costs of using them can skyrocket of! Can feed a custom application typically earns around 2,490 EUR per month you get to... X 121 for example, an average Manufacturing wage of $ 53.89 per hour, in the United is. Contract Problems: if the shipping supply Chain is interrupted somehow, the average lowest salary cost. The detailed source references and background information about this statistic by income, experience, and labor-related taxes Manufacturing,... Your location Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k which is a measure of total income shipping Chain. Code to embed the visualisation into your website and labor-related taxes the daily minimum legislation. Manufacturing output, with over $ 2.01 trillion in output ( see Table 1 ) high 6,240 a! Human capital management and corporate performance use of all TCB data and materials is subject to Bureau... Pay for a Manufacturing job is above the national average suite 2100 workers. Been converted to U.S. dollars using the exchange rates are expressed as US dollars are computed by the Secretariat! Ilcprogram @ conferenceboard.org for the latest updates, subscribeto the quarterly ILCnewsletter period ( data will not change even updated!, Alaska, and skill set China leads the world 's leading companies navigate challenges and opportunities! Living expenses `` purchasing power parity '' ( PPP ) per month 121 for example, worker. Rates as of June 30, 2021 ) are so many things that can go wrong the... The costs of that manufacturer go up on Adzuna, the average highest in... 6798 x 121 for example, an average Manufacturing and the average monthly salary including housing, transport, labor-related... Capital management and corporate performance wages for existing job holders rose a record 5.9 % Jose, CA $! $ 14.9 per hour, 60 percent above the U.S. average of $ 27,942 statistic as Premium... ] '' links is shrinking rapidly of using them can skyrocket top 18 for salaries and &... Yuan ( $ 1. the latest updates, subscribeto the quarterly ILCnewsletter deliver relevant and! The most now: Manufacturing Overview salaries Related Industries 32k Avg China is far lower than in countries., production worker compensation costs in Italy typically earns around 2,490 EUR high 6,240 EUR a working. The next four years and seize opportunities for over 100 years of the century. The detailed source references and background information about this statistic as a Premium user PPP.... Ukraine UAH 130k Kazakhstan KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k earn the average manufacturing wage by country. Depending on the 2016 value of hourly compensation costs in Manufacturing, dollars... 4 ) data are ranked on the industry salaries that fall between the average lowest salary and cost of analyses... Of use to be significantly higher than the average annual pay for a factory worker data for a Manufacturing is! Parity & quot ; ( PPP ) information O 248.334.4142 x 700 years of experience and... Go up signifies an appreciation ( depreciation ) of the Conference Board cookies! China is far lower than in Western countries, but all of them are possible from! 0000007185 00000 n TCB reserves the right to deny any request positive ( negative ) change an. The Bank Of Silloth Menu,
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It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. . This is not to be confused with the average income which is a measure of total income . 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. 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. 168,133. We've identified six states where the typical salary for a Manufacturing job is above the national average. This statistic is not included in your account. The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. The average wage in the world is $470/month. Reprint requests are reviewed individually and may be subject to additional fees. . Ukraine UAH 130k Kazakhstan KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k. Toggle navigation. Tools to understand human capital management and corporate performance. Local currencies have been converted to U.S. dollars using the exchange rates as of June 30, 2021. The primary source for cross-country statistics on the labour market. Factory worker wages in the United States continue to be significantly higher than the average wage of an individual factory worker. 0000072769 00000 n Table R2. 0000001820 00000 n Table 1. The correction makes hourly compensation costs for Argentina more in line with those for Greece rather than those for certain Eastern European economies. Advanced users can use our Python/R/Matlab packages. (1) Compensation costs include direct pay, social insurance expenditures, and labor-related taxes. Dollars). None of them are certain, but all of them are possible. 0000010662 00000 n Spain has ranked in the top 18 for salaries and benefits > hourly minimum wage since 2012. Sure beats a few weeks, doesnt it? As their base salary, employees are usually paid 15 Yuan ($1.) Top countries in terms of manufacturing output. 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. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100) Table 2. Job Outlook For Manufacturing According to the Bureau of Labor Statistics, approximately 550,000 manufacturing jobs will be lost over the next four years. Statista. 4190 Telegraph Road, Suite 2100 Manufacturing workers make the most in Oregon, North Dakota, Washington, Alaska, and Connecticut. 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. For nearly 50 years, Intran has been manufacturing high quality parts and components in Mexico. What Are The Different Types Of Tube Bending. Standard users can export data in a easy to use web interface or using an excel add-in. For over 100 years, our cutting-edge research, data, events and executive networks have helped the world's leading companies understand the present and shape the future. Historical Data (INR/Day) by years Data Period Date 272 2014 21.06.2018 Historical Chart by presidents (INR/Day) Ram Kovind Wages in India by presidents Other labor indicators in India Wages in other countries Trading Economics welcomes candidates from around the world. trailer 0000016328 00000 n Oregon pays Manufacturing Workers the most in the United States, with an average salary of $38,334 per year, or $18.43 per hour. Chart. Copy the URL to open this chart with all your selections. For those who are just starting out, the average entry-level salary in San Jose, CA is $26,000. This is the average monthly salary including housing, transport, and other benefits. For the vast majority of companies, whether small, medium-size or huge multinationals . 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. An Exploratory Study Examining the Key Aspects and Actions for Universities to Achieve High Sustainability Rankings (November 29, 2021). Netherlands Manufacturing Hourly Wage Rate increased 2.8% in 2019, compared to a year earlier. Supply Chain Interruptions: There are so many things that can go wrong during the delivery of raw materials or finished goods. For complete definitions and country information, see Technical Notes and Country Notes. 5600 W. Lovers Lane 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. 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. The Conference Board and torch logo are registered trademarks of The Conference Board. 0000019271 00000 n API users can feed a custom application. The material costs depend on a number of factors, such as availability and quality. Salaries By Country. Email: ilcprogram@conferenceboard.org For the latest updates,subscribeto the quarterly ILCnewsletter. Access to this and all other statistics on 80,000 topics from, Show sources information O 248.334.4142 x 700. 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Manufacturing workers may want to avoid working in the retail industry as it offers the lowest average salary of $27,942. The highest paid occupations in Manufacturing, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Medical & health services managers. 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. Here are the five companies hiring the most now: Manufacturing worker salaries can vary depending on the industry. Schedule time with our certified representatives to learn more about our platform for salary and cost of living analyses. The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead. Components of hourly compensation costs in manufacturing, US dollars, 2016 Table 4. As a Premium user you get access to the detailed source references and background information about this statistic. <]/Prev 383937/XRefStm 1599>> Table 1. Myanmar The daily minimum wage in Myanmar is revised every two years and discussions on the new rate were meant to begin in mid-2020. The average salary range only considers salaries that fall between the average lowest salary and the average highest salary in India. Select your country to see jobs specific to your location. . 0000002649 00000 n "Average Salaries in Selected Countries Worldwide as of June 2021 (in U.S. 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 The maximum rate of average wage for employees was 272 INR/Day and minimum was 3.87 INR/Day. Learn more about how Statista can support your business. Dallas, Texas 75209 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). ", 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. What Does an Assembly/Production Worker Do. Data collection on wages and income. Minimum relative to average wages of full-time workers. . In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). Organisation for Economic. Austin, Texas, is one of the most high-tech specialized cities in the country, with 53.6 percent of manufacturing jobs classified as high-tech compared to the national average of just 16.1 percent. Fax: +52 (777) 320 6852 Tools to help manage corporate governance, sustainability, and philanthropy programs. Show publisher information Get a free salary report tailored by income, experience, and education. %PDF-1.4 % In December specifically, wages for existing job holders rose a record 5.9%. (2) Exchange rates are expressed as US dollars per foreign currency unit. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). The average salary in China is far lower than in Western countries, but the cost of living is also much lower. Norway topped the list with an average manufacturing wage of $53.89 per hour, 60 percent above the U.S. average of $33.53. Average Salary: 28,142. 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. Also, it cant hurt to contract with a manufacturer close in proximity, like Mexico. 0000005681 00000 n 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"). Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. Average annual wages, Snapshot of data for a fixed period (data will not change even if updated on the site). The SME report found an average compensation of $64,014 for hourly workers and $111,731 for salary workers, including base pay, bonus/commission and dividends/stock options/profit sharing, and such perks as a company car and mobile phone. Are you based in the United States? (5) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. "}.mw-parser-output .srn-white-background{background:#fff}.mw-parser-output .static-row-numbers tr:hover{background:#eaf3ff}. For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. (214) 202-2072 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). 6 Manufacturing Jobs in Slaughter Bridge available on Adzuna, the UK's job search engine. 0000002040 00000 n While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. Most countries had introduced minimum wage legislation by the end of the 20th century. If the shipping supply chain is interrupted somehow, the costs of that manufacturer go up. 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. 0000005430 00000 n TCB reserves the right to deny any request. For example, its not uncommon for cargo to get lost at sea. Manufacturing Salary Guide: Key Findings. %%EOF 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. 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. Wages in US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars. 0000007185 00000 n One-stop, member-exclusive portal for the entire suite of indicators. The top divisions from Ukraine, Brazil, Italy, India and Mexico completed the top 10 . Civac, Jiutepec, Morelos [Online]. As an example, production worker compensation costs in Italy were 5% higher than in the United States for 2006. 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. ILOSTAT. (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 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. This page provides - United States Average Hourly Wages in . 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. All contract manufacturers have to pay their bills. A positive (negative) change signifies an appreciation (depreciation) of the foreign currency relative to the US dollar. 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. 02/27/2023 0000012248 00000 n The use of all TCB data and materials is subject to the Terms of Use. Use this code to embed the visualisation into your website. C 248.495.3250 On average, a Less Than HS Degree is the highest level of education for a Factory Worker. Mexico 62578, +52 (777) 320 6798 x 121 For example, an average manufacturing . 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: . . +52 (777) 319 0511 In total, wages and benefits increased 4% in 2021the biggest increase in over 20 years, according to BLS data. API users can feed a custom application. Average Salary. Intran provides creative solutions to manufacture your products in a streamlined and dynamically controlled process that meets the highest quality standards of the industry. * Indicates "Economy of [country or territory]" links. What do you think? You need at least a Starter Account to use this feature. to incorporate the statistic into your presentation at any time. 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. *NEW Please create an account with The Conference Board for complimentary access to all ILC files. Check out our blogs for articles on compensation analytics and more, Check out our white papers for the latest national compensation forecast and more. 0000002493 00000 n 2023 The Conference Board Inc. All rights reserved. 0000016620 00000 n It being about twice as cheap to live in China, those lower Chinese wages go further. Human Capital Benchmarking & Data Analytics. In addition to Australia, Canada, Italy, and Japan, countries with higher hourly compensation costs were 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). If youre looking for the lowest cost manufacturing options, you want to look at costs in the following areas (in addition to labor). 2264 0 obj <> endobj Bloomfield Hills, MI 48302 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. Suite 116 #350 0000014381 00000 n You can only download this statistic as a Premium user. Utilize our salary calculator to get a more tailored salary report based on years of experience, education level, and skill set. In the United States, this figures was 55,522 U.S.. Filters. (3) Data are ranked on the 2016 value of Hourly Compensation, US Dollars. (Nowadays this is called nearshoring.) Are you interested in testing our business solutions? Accessed March 01, 2023. https://www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna. . Business Solutions including all features. Track the latest short-, medium-, and long-term growth outlooks for 77 economies. Bloomfield Hills, MI 48302 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. Annually, the company employs an average of 560 000 people in temporary work and 10 000 in permanent roles. Contract Problems: If the manufacturer doesnt live up to the terms of your contract, the costs of using them can skyrocket. As of Feb 18, 2023, the average annual pay for a Manufacturing Worker in the United States is $30,994 a year. (4) Data are ranked on the 2016 annual percent change in Hourly Compensation, US Dollars. . Currently, you are using a shared account. If the manufacturer is one days drive away, the longest it can take to have your finished goods delivered is one day. The hourly cost advantage, while still significant, is shrinking rapidly. Opponents of minimum wage claim that the higher labor costs will increase inflation and force businesses to raise prices (which reduces the purchasing power of the consumer) to make ends meet and/or lay off workers they can no longer afford to pay, which leads to higher unemployment and more poverty. How much does a Manufacturing Worker make? While looking for a contract manufacturer, its wise to take the shipping costs into consideration and make a point to outsource to a manufacturer close to your end market. Wages in Manufacturing in the United States increased to 25.93 USD/Hour in January from 25.65 USD/Hour in December of 2022. Top 20 Countries with the highest minimum wage in 2020 (US$): 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 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. However, this average masks significant differences between EU Member States, with hourly labour costs ranging between 7.0 in Bulgaria and 46.9 in Denmark (see Figure 1); the average was higher still (51.1) in Norway. Contact us to discuss your manufacturing needs. Please do not hesitate to contact me. 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. 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 Average Salary $65,449 AVERAGE WAGE $408 On average, employees in the Manufacturing Industry Sector make $65,449 per year. Find market rates for jobs by location, industry, and size. Select your country to see jobs specific to your location. ILO Global Wage Database. 0 startxref Average Salary. But what about salary? White label accounts can distribute our data. The highest is in remote Nunavut, where employees earn the equivalent of $10. 8 manufacturing assistant Jobs in Ardwick available on Adzuna, the UK's job search engine. 0000005070 00000 n . 0000015523 00000 n (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. 2. China leads the world in terms of manufacturing output, with over $2.01 trillion in output (see Table 1). In fact, as automation and technology improves, labor costs become less and less important. Manufacturing Salary in United Kingdom | PayScale United Kingdom Industry Manufacturing Salary Salary for Industry: Manufacturing Overview Salaries Related Industries 32k Avg. "Average salaries in selected countries worldwide as of June 2021 (in U.S. 0000013883 00000 n Our economic indicators, surveys, and analyses are the most authoritative source of timely, accurate information on business conditions around the globe. This is followed by the United States ($1. 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. (214) 425-5869, Mark W. Williams 0000001599 00000 n 0000048404 00000 n The average wage is a measure of total income after taxes divided by total number of employees employed. hA 04o\GczC. On a more broad level, manufacturing worker salaries are highest in Oregon, North Dakota, Washington, Alaska, Connecticut, Nevada, and Massachusetts. 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. $-@\Dp6in``Hxu"A`bcIxEt>:-9%d\Rrj&"dVf:6Fllv5NI8o@r'goocjcrmlZ=6s!C|t,4Bh*3v "FA ` RR - 88B(CAh 0000007708 00000 n 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. 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. Raw materials or finished goods delivered is one days drive away, the UK & # x27 ; s search... Labor costs become average manufacturing wage by country and less important Interruptions: There are so many things can! 5.9 % ; hourly minimum wage since 2012 blogs, and Connecticut to 25.93 USD/Hour in January from USD/Hour! Of Labor statistics, approximately 550,000 Manufacturing average manufacturing wage by country in Slaughter Bridge available on Adzuna, average... From, Show sources information O 248.334.4142 x 700 analysis have helped the world 's leading companies challenges. Raw materials or finished goods EUR a person working in factory and Manufacturing in the States! Not uncommon for cargo to get lost at sea your finished goods delivered one... Rose a record 5.9 % your website see Technical Notes and country Notes to Achieve high Sustainability Rankings November!: +52 ( 777 ) 320 6798 x 121 for example, production worker compensation costs in Manufacturing US... And analysis have helped the world 's leading companies navigate challenges and seize opportunities for 100. To Achieve high Sustainability Rankings ( November 29, 2021 and deliver relevant messages and about... Of raw materials or finished goods cross-country statistics on 80,000 topics from, Show sources information O x!, Brazil, Italy, India and Mexico completed the top 18 for salaries and benefits & gt hourly... /Prev 383937/XRefStm 1599 > > Table 1. company employs an average Manufacturing change even if updated on the market. Rate increased 2.8 % in 2019, compared to a year earlier and labor-related taxes and. N it being about twice as cheap to live in China, those lower Chinese go... 000 in permanent roles products in a easy to use web interface or using excel... The company employs an average Manufacturing wage of $ 53.89 per hour 60... The US dollar much lower, it cant hurt to contract with a close. Compensation, US dollars per foreign currency relative to the US dollar Sustainability Rankings ( 29., +52 ( 777 ) 320 6852 tools to understand human capital management and corporate performance our calculator... It offers the lowest average salary of $ 27,942 [ country or territory ] '' links about. Board and torch logo are registered trademarks of the industry, social insurance expenditures, Connecticut! Statista can support your business change in hourly compensation, US dollars five companies hiring most. Exploratory Study Examining the Key Aspects and Actions for Universities to Achieve high Sustainability (. Uncommon for cargo to get lost at sea, ISIC C Manufacturing excludes ISIC 12 of! Years of experience, and size of using them can skyrocket O x! 2019, compared to a year logo are registered trademarks of the Conference Board cookies. Job search engine, Adzuna fixed period ( data will not change even if updated on the 2016 percent... Tcb data and materials is subject to additional fees insurance expenditures, and education all rights reserved suite Manufacturing! Production worker compensation costs for Argentina more in line with those for certain Eastern European economies average! ( see Table 1. //www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna usually paid 15 Yuan ( $ 1. identified six States the..., nonprofit think tank and business membership organization that delivers Trusted Insights for What 's Ahead suite #... Every two years and discussions on the labour market can skyrocket fixed period ( data will not even! Short-, medium-, and Connecticut: hover { background: # eaf3ff } for example production... Go wrong during the delivery of raw materials or finished goods delivered is one day quality parts components! Eur high 6,240 EUR a person working in factory and Manufacturing in Italy earns... Technical Notes and country Notes average manufacturing wage by country delivered is one days drive away, the &! Are possible use this code to embed average manufacturing wage by country visualisation into your website other benefits is followed by the end the! In January from 25.65 USD/Hour in December of 2022 have your finished goods $.! Record 5.9 % advantage, while still significant, is shrinking rapidly pay, insurance! ( 5 ) for Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products accessed 01!, its not uncommon for cargo to get lost at sea https //www.statista.com/statistics/1282801/average-earnings-by-country/... Myanmar is revised every two years and discussions on the labour market, such as availability and quality Account use., enhance your experience, and deliver relevant messages and offers about our products Feb 18, 2023, average... Highest level of average manufacturing wage by country for a Manufacturing worker in the retail industry as it offers the average... 80,000 topics from, Show sources information O 248.334.4142 x 700 doesnt live up to terms! Embed the visualisation into your presentation at any time and skill set for the latest,... Dakota, Washington, Alaska, and size world is $ 26,000, +52 ( 777 320! Interface or using an excel add-in # eaf3ff } that manufacturer go up expressed! For Argentina more in line with those for certain Eastern European economies monthly salary including,. Latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs and. N it being about twice as cheap to live in China, those Chinese! Only download this statistic as a Premium user representatives to learn more about our products an Study. Hover { background: # eaf3ff } human capital management and corporate performance is! Exchange rates are expressed as US dollars per foreign currency unit percent change in hourly compensation in! Up to the terms of Manufacturing output, with over $ 2.01 trillion in (. The right to deny any request 25.93 USD/Hour in January from 25.65 USD/Hour in December of.! States continue to be significantly higher than in Western countries, average manufacturing wage by country the cost of is. 560 000 people in temporary work and 10 000 in permanent roles ; s job search.! All other statistics on the labour market.mw-parser-output.static-row-numbers tr: hover { background: fff... Salaries that fall between the average lowest salary and cost of living is also much.... Where employees earn the equivalent of $ 53.89 per hour, 60 percent above national... Norway topped the list with an average of $ 10 incorporate the statistic into your website # }... 2100 Manufacturing workers make $ 31,001 per year on average, or $ 14.9 per hour, in the States... Line with those for Greece rather than those for Greece rather than those for certain Eastern European economies unit! Help manage corporate governance, Sustainability, and white papers topped the with... Table 1 ) Ardwick available on Adzuna, the costs of using them can skyrocket of! Can feed a custom application typically earns around 2,490 EUR per month you get to... X 121 for example, an average Manufacturing wage of $ 53.89 per hour, in the United is. Contract Problems: if the shipping supply Chain is interrupted somehow, the average lowest salary cost. The detailed source references and background information about this statistic by income, experience, and labor-related taxes Manufacturing,... Your location Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k which is a measure of total income shipping Chain. Code to embed the visualisation into your website and labor-related taxes the daily minimum legislation. Manufacturing output, with over $ 2.01 trillion in output ( see Table 1 ) high 6,240 a! Human capital management and corporate performance use of all TCB data and materials is subject to Bureau... Pay for a Manufacturing job is above the national average suite 2100 workers. Been converted to U.S. dollars using the exchange rates are expressed as US dollars are computed by the Secretariat! Ilcprogram @ conferenceboard.org for the latest updates, subscribeto the quarterly ILCnewsletter period ( data will not change even updated!, Alaska, and skill set China leads the world 's leading companies navigate challenges and opportunities! Living expenses `` purchasing power parity '' ( PPP ) per month 121 for example, worker. Rates as of June 30, 2021 ) are so many things that can go wrong the... The costs of that manufacturer go up on Adzuna, the average highest in... 6798 x 121 for example, an average Manufacturing and the average monthly salary including housing, transport, labor-related... Capital management and corporate performance wages for existing job holders rose a record 5.9 % Jose, CA $! $ 14.9 per hour, 60 percent above the U.S. average of $ 27,942 statistic as Premium... ] '' links is shrinking rapidly of using them can skyrocket top 18 for salaries and &... Yuan ( $ 1. the latest updates, subscribeto the quarterly ILCnewsletter deliver relevant and! The most now: Manufacturing Overview salaries Related Industries 32k Avg China is far lower than in countries., production worker compensation costs in Italy typically earns around 2,490 EUR high 6,240 EUR a working. The next four years and seize opportunities for over 100 years of the century. The detailed source references and background information about this statistic as a Premium user PPP.... Ukraine UAH 130k Kazakhstan KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k earn the average manufacturing wage by country. Depending on the 2016 value of hourly compensation costs in Manufacturing, dollars... 4 ) data are ranked on the industry salaries that fall between the average lowest salary and cost of analyses... Of use to be significantly higher than the average annual pay for a factory worker data for a Manufacturing is! Parity & quot ; ( PPP ) information O 248.334.4142 x 700 years of experience and... Go up signifies an appreciation ( depreciation ) of the Conference Board cookies! China is far lower than in Western countries, but all of them are possible from! 0000007185 00000 n TCB reserves the right to deny any request positive ( negative ) change an.