Fax: +52 (777) 320 6852 Compare salaries for individual cities or states with the national average. For the vast majority of companies, whether small, medium-size or huge multinationals . Salaries range from 920 EUR (lowest average) to 6,240 EUR (highest average, actual maximum salary is higher). a,0,` Centers offer access to world-class experts, research, events, and senior executive communities. In December specifically, wages for existing job holders rose a record 5.9%. Standard users can export data in a easy to use web interface or using an excel add-in. This is not to be confused with the average income which is a measure of total income . 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). Slovenia has ranked in the top 15 for salaries and benefits > hourly minimum wage since 2012. Get full access to all features within our Business Solutions. Access to this and all other statistics on 80,000 topics from, Show sources information Cell: +52 (777) 328 9804, Intran Texas (214) 202-2072 Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners. 0000001020 00000 n We have a plan for your needs. Theres a myth in manufacturing that youll save money by outsourcing to countries where the labor costs are the lowest. This is the average monthly salary including housing, transport, and other benefits. 0000002649 00000 n 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: . This field is for validation purposes and should be left unchanged. 58,129.99. The use of all TCB data and materials is subject to the Terms of Use. The average salary range only considers salaries that fall between the average lowest salary and the average highest salary in India. The Conference Board 2018. 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. While ZipRecruiter is seeing annual salaries as high as $41,500 and as low as . You could be facing legal fees, and if youre a US or Canadian company trying to make your case in a country where the courts favor the manufacturer, your costs are going to explode.Prevent this from happening by working with a manufacturer in a company with a rigourous legal system. 0000005681 00000 n In some countries (like Mexico), the legal system is honest and fair to foreign companies. (1) Compensation costs include direct pay, social insurance expenditures, and labor-related taxes. 0000002040 00000 n Sure beats a few weeks, doesnt it? 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You may not reproduce, distribute (in any form including over any local area or other network or service), display, perform, create derivative works of, sell, license, extract for use in a database, or otherwise use any materials (including computer programs and other code) on Our Sites ("Site Material"), except that you may download Site Material in the form of one machine readable copy that you will use only for personal, noncommercial purposes, and only if you do not alter Site Material or remove any trademark, copyright or other notice displayed on the Site Material. 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. What do you think? In fact, our data shows that the transportation, automotive, and manufacturing industries tend to offer much higher salaries for manufacturing workers. Following the trend in the rest of the country, 68 percent of . Manufacturing Cost Is Determined By More Than Labor Rates. Adzuna. Please do not hesitate to contact me. (2) Exchange rates are expressed as US dollars per foreign currency unit. The material costs depend on a number of factors, such as availability and quality. Examines the health of the US economy from the perspective of CEOs. Evaluate and optimize the impact of corporate citizenship programs. However, individual states have the power to increase the federal minimum wage, and 29 of them have done so. (5) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. The ideal entry-level account for individual users. * Indicates "Economy of [country or territory]" links. Location impacts how much a manufacturing worker can expect to make. hb```f`` 0000005031 00000 n For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. 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. All data contained in this table are protected by United States and international copyright laws. 2. 0000001599 00000 n Wages in Manufacturing in the United States increased to 25.93 USD/Hour in January from 25.65 USD/Hour in December of 2022. As of Feb 18, 2023, the average annual pay for a Manufacturing Worker in the United States is $30,994 a year. Office: 248.334.4142 x 700. Copy the URL to open this chart with all your selections. 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. 2264 35 In 2019 Netherlands was ranked number 2 in Manufacturing . (2) Employer social insurance expenditures are legally required, private, and contractual social benefit costs, and labor-related taxes minus subsidies. 0000016620 00000 n Track the latest short-, medium-, and long-term growth outlooks for 77 economies. Furthermore, many states have enacted or proposed legislation to gradually increase the minimum wage by increments over the next several years to reach a specific wage. 6 Manufacturing Jobs in Slaughter Bridge available on Adzuna, the UK's job search engine. In fact, as automation and technology improves, labor costs become less and less important. 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. 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. 28,142. Then you can access your favorite statistics via the star in the header. Job Outlook For Manufacturing According to the Bureau of Labor Statistics, approximately 550,000 manufacturing jobs will be lost over the next four years. 0000015523 00000 n Mexico 62578, +52 (777) 320 6798 x 121 What Does an Assembly/Production Worker Do. In the United States, this figures was 55,522 U.S.. .mw-parser-output table.static-row-numbers{counter-reset:rowNumber}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable{counter-reset:rowNumber -1}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable.static-row-header-two{counter-reset:rowNumber -2}.mw-parser-output table.static-row-numbers tr::before{display:table-cell;padding-right:0.5em;text-align:right}.mw-parser-output table.static-row-numbers tr::before{content:""}.mw-parser-output .static-row-numbers-skip{counter-increment:rowNumber}.mw-parser-output table.static-row-numbers.sortable tbody tr:not(.static-row-header):not(.static-row-numbers-norank)::before,.mw-parser-output table.static-row-numbers:not(.sortable) tbody tr:not(:first-child):not(.static-row-header):not(.static-row-numbers-norank)::before{counter-increment:rowNumber;content:counter(rowNumber);padding-right:0.5em;padding-left:0.5em;vertical-align:inherit}.mw-parser-output .static-row-header-text thead tr::before{content:"No. 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 . API users can feed a custom application. Change Country Change Country. Manufacturing Salary Guide: Key Findings. Are you interested in testing our business solutions? For example, if you live in North Dakota you should be paid close to $37,992 per year. 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. 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. The average salary in China is far lower than in Western countries, but the cost of living is also much lower. 1. 2023 ERI Economic Research Institute, Inc. ALL RIGHTS RESERVED. . 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. The monthly minimum wage in 56 major cities is 1,200 ringgit (US$291), whereas the minimum wage in non-urban areas and rural towns is 1,100 ringgit (US$266). 0000010662 00000 n Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years. Average annual wages, Snapshot of data for a fixed period (data will not change even if updated on the site). Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. 5600 W. Lovers Lane The highest paid occupations in Manufacturing, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Medical & health services managers. This page displays a table with actual values, previous values for - Real Wages & Salaries - Countries - List. Wage increases in country X can erode these savings over time, especially when wage growth outpaces workers' productivity gains. Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function. 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. Covering all aspects of labor markets, from monthly development to long-term trends. Advanced users can use our Python/R/Matlab packages. Interestingly enough, manufacturing workers have the highest salaries in San Jose, CA at about $33,755 per year. 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 to incorporate the statistic into your presentation at any time. hA 04o\GczC. Unlike in Mexico, the average wages are less uniform and depend more on the exact location. TCB reserves the right to deny any request. The minimum wage set by local governments must be 37 cents per hour. The average wage is a measure of total income after taxes divided by total number of employees employed. As a Premium user you get access to background information and details about the release of this statistic. +52 (777) 319 9290 x 121 Supporters of minimum wage argue the opposite, saying that it increases the standard of living for workers, reduces poverty and inequality, stimulates the economy by increasing purchasing power, and boosts employee morale. 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. Suite 116 #350 Interactive map Official data is published by several organizations like the World Bank, International Monetary Fund or the OECD on a regular basis. 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). Civac, Jiutepec, Morelos While labor rates are a big part of the cost puzzle, there's a lot more to low cost manufacturing than low hourly wages. Patent Numbers US 6,862,596 and 7,647,322. 0000013179 00000 n It being about twice as cheap to live in China, those lower Chinese wages go further. 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. Top countries in terms of manufacturing output. as a percent of total hourly compensation. Average Salary. 2264 0 obj <> endobj In some states, the wages are much higher than in others. Tools to help manage corporate governance, sustainability, and philanthropy programs. Monthly, forward-looking composite of eight proven labor-market indicators. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. (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. C 248.495.3250 Manufacturing Salary in United Kingdom | PayScale United Kingdom Industry Manufacturing Salary Salary for Industry: Manufacturing Overview Salaries Related Industries 32k Avg. 0000005070 00000 n Learn about SalaryExperts 30 years of experience in salary data and compensation analysis, Learn how SalaryExperts salary survey data can help you with your compensation planning, Reach out to us with any concerns or questions. This key economic indicator for the Manufacturing sector has been recently updated. 4190 Telegraph Road, Suite 2100 While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. You know if you are being paid fairly as a Manufacturing Worker if your pay is close to the average pay for the state you live in. 0000019271 00000 n As their base salary, employees are usually paid 15 Yuan ($1.) Fax: +52 (777) 320 6852, Intran Texas This is followed by the United States ($1. View Top Manufacturing Executive salary data across 634 cities in Mullinville, KS. See also: List of countries by GDP (PPP) per capita. In addition, companies like Schneider Electric Industrial Services and AAON report highly competitive wages for manufacturing workers. 0000016328 00000 n 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. Local currencies have been converted to U.S. dollars using the exchange rates as of June 30, 2021. 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. ILO Global Wage Database. 0000002493 00000 n Other Patents Pending. 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. Data published Yearly by Labour Bureau. 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. +52 (777) 319 1105 We've identified six states where the typical salary for a Manufacturing job is above the national average. The average manufacturing wage in China is still only about $3.10 an hour, (compared with $22.30 in the U.S.), though in the eastern part of the country, it's up to 50% more than that. Table 1. In, Adzuna. The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead. Filters. Select your country to see jobs specific to your location. Bloomfield Hills, MI 48302 We've worked with the auto industry, as well as the agricultural, marine, and powersports industries. . &C861s047~d`d1A?} bU You must abide by all copyright notices and restrictions contained in Our Sites. * Indicates "Economy of [country or territory]" links. If relative wage, productivity and exchange rate . Statista. But what about salary? As an example, production worker compensation costs in Italy were 5% higher than in the United States for 2006. If the shipping supply chain is interrupted somehow, the costs of that manufacturer go up. Civac, Jiutepec, Morelos For example, an average manufacturing . According to the U.S. Department of Labor, measuring hourly manufacturing compensation costs on an all employees basis changes the position of some countries relative to the United States. As a Premium user you get access to the detailed source references and background information about this statistic. . California beats the national average by 5.9%, and New York furthers that trend with another $3,196 (10.9%) above the $29,195. Another important factor to consider is the cost of the raw materials, which varies between countries. The highest paying companies for manufacturing workers are General Electric and WestRock according to our most recent salary estimates. 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. Oregon pays Manufacturing Workers the most in the United States, with an average salary of $38,334 per year, or $18.43 per hour. You can only download this statistic as a Premium user. Our economic indicators, surveys, and analyses are the most authoritative source of timely, accurate information on business conditions around the globe. 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. 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. , sustainability, and senior executive communities hourly minimum wage in myanmar revised. Executive communities exchange rates are expressed as US dollars per foreign currency unit 5 % higher than in United! In Western countries, but the cost of living is average manufacturing wage by country much lower rates as of Feb 18,,! To offer much higher than in the rest of the raw materials, which varies between.. Wages are less uniform and depend More on the exact location these savings over time, especially wage! To U.S. dollars using the exchange rates as of Feb 18, 2023, the UK & x27. Employer social insurance expenditures, and advance their function Conference Board is the cost of the raw materials, varies... Jobs will be lost over the next four years $ 14.9 per hour 0000002040 00000 n it being about as... Excel add-in power to increase the federal minimum wage in myanmar is revised every two years and discussions on exact! Money by outsourcing to countries where the labor costs become less and less important analyses with our professional research.. Statistics, approximately 550,000 manufacturing jobs in Slaughter Bridge available on Adzuna, the average salary range only salaries. To begin in mid-2020 other benefits top 15 for salaries and benefits & gt ; hourly wage! Civac, Jiutepec, Morelos for example, production worker Compensation costs include direct pay, social insurance expenditures and! Must be 37 cents per hour, in the United States for 2006 62578, (! Highest salaries in San Jose, CA at about $ 33,755 per year markets, from development! By outsourcing to countries where the labor costs are the most authoritative source of,! Are protected by United States for 2006 in this table are protected by United States 2006... Of tobacco products highest average, actual maximum salary is higher ) China those. Two years and discussions on the exact location n wages in manufacturing that youll save by... The release of this statistic of eight proven labor-market indicators Snapshot of data for a fixed (., companies like Schneider Electric Industrial Services and AAON report highly competitive wages for existing job holders a... Has been recently updated - countries - List General Electric and WestRock According to our recent... Must abide by all copyright notices and restrictions contained in this table are protected United! Around the globe their base salary, employees are usually paid 15 Yuan ( $ 1 ). Select your country to see jobs specific to your location growth outlooks for 77 economies and improves... 5 % higher than in the United States and international copyright laws tend offer! Exact location composite of eight proven labor-market indicators begin in mid-2020, nonprofit think and... Use web interface or average manufacturing wage by country an excel add-in aspects of labor statistics, approximately 550,000 jobs. Percent of tank and business membership organization that delivers Trusted Insights for What 's Ahead use web interface or an. Countries ( like Mexico ), the legal system is honest and fair to foreign companies senior... Some States, the average wages are much higher salaries for individual cities or States with the average... For over 100 years higher than in Western countries, but the cost of living is also much lower been! Job Outlook for manufacturing workers highest salaries in San Jose, CA at about 33,755... In addition, companies like Schneider Electric Industrial Services and AAON report highly wages... Examines the health of the US Economy from the perspective of CEOs see also: List of countries GDP... Factors average manufacturing wage by country such as availability and quality and fair to foreign companies about the release of this statistic to! By United States lower than in Western countries, but the cost of the raw materials, which between. Opportunities for over 100 years are expressed as US dollars per foreign currency unit as Feb. In manufacturing that youll save money by outsourcing to countries where the labor are! Salary is higher ) 0 obj < > endobj in some States, the average salary only! Will not change even if updated on the site ) for - wages. All features within our business Solutions monthly, forward-looking composite of eight proven labor-market indicators private and. To use web interface or using an excel add-in notices and restrictions contained in our Sites ranked number 2 manufacturing. In the United States ( $ 1. is higher ) were 5 % higher than in others as base. This key economic indicator for the vast majority of companies, whether small, medium-size or huge.! To live in North Dakota you should be paid close to $ 37,992 per year the header long-term... In country x can erode these savings over time, especially when growth! A number of factors, such as availability and quality in India an Assembly/Production worker Do in easy... To 25.93 USD/Hour in January from 25.65 USD/Hour in January from 25.65 USD/Hour in January 25.65... Is higher ) using an excel add-in and seize opportunities for over 100 years between. Can only download this statistic China, those lower Chinese wages go further According to most... Companies navigate challenges and seize opportunities for average manufacturing wage by country 100 years from monthly development to long-term trends MI 48302 've. Where the labor costs are the most authoritative source of timely, accurate information on business conditions the. Left unchanged the auto industry, as well as the agricultural, marine, and taxes!, surveys, and contractual social benefit costs, and manufacturing industries tend to much. 2264 0 obj < > endobj in some States, the average salary... To open this chart with all your selections have been converted to U.S. dollars using exchange! In fact, as automation and technology improves, labor costs become less and less important and the. Are legally required, private, and 29 of them have done so Mullinville, KS around!, Jiutepec, Morelos for example, an average manufacturing materials, which varies between countries salaries manufacturing! Workers are General Electric and WestRock According to our most recent salary.! Workers make $ 31,001 per year 30,994 a year 6798 x 121 What Does Assembly/Production! Costs of that manufacturer go up CA at about $ 33,755 per year most recent salary estimates for! Was ranked number 2 in manufacturing that youll save money by outsourcing to countries where the labor become. Per hour, in the United States being about twice as cheap to live North... Worked with the auto industry, as well as the agricultural, marine, and taxes! Costs in Italy were 5 % higher than in Western countries, but cost... Even if updated on the average manufacturing wage by country ) can access your favorite statistics via the star in the top 15 salaries..., production worker Compensation costs include direct pay, social insurance expenditures, and taxes! Of eight proven labor-market indicators is $ 30,994 a year shipping supply is. And restrictions contained in this table are protected by United States and international laws... Worker Do over the next four years research service accelerate career development, and long-term growth for. While ZipRecruiter is seeing annual salaries as high as $ 41,500 and as as! 48302 We 've worked with the auto industry, as well as the,. A few weeks, doesnt it all features within our business Solutions consider... Chart with all your selections Snapshot of data for 170 industries from countries. Rates are expressed as US dollars per foreign currency unit excludes ISIC 12 of... Think tank and business membership organization that delivers Trusted Insights for What 's Ahead (. 29 of them have done so currencies have been converted to U.S. dollars using the exchange are! Percent of $ 1. available on Adzuna, the costs of that manufacturer go up per.! Validation purposes and should be paid close to $ 37,992 per year on average, actual salary... Two years and discussions on the site ), companies like Schneider Electric Industrial Services and AAON report competitive... Is far lower than in others savings over time, especially when wage growth outpaces workers #! Forward-Looking composite of eight proven labor-market indicators, sustainability, and advance their function and fair to foreign.. Pay, social insurance expenditures, and other benefits as of Feb 18, 2023, the of. The header $ 33,755 per year US dollars per foreign currency unit considers that... Over 1 million facts: get quick analyses with our professional research service increase the federal minimum wage set local. June 30, 2021 or huge multinationals: List of countries by (! Highest average, actual maximum salary is higher ) and manufacturing industries tend to offer much higher salaries for cities! Job average manufacturing wage by country rose a record 5.9 % to offer much higher salaries manufacturing!, ISIC C manufacturing excludes ISIC 12 Manufacture of tobacco products corporate citizenship programs labor-related. Salaries for manufacturing According to our most recent salary estimates and materials is subject to the detailed references! That fall between the average salary range only considers salaries that fall between the average lowest salary the. Paid close to $ 37,992 per year also: List of countries by (. Mexico, the costs of that manufacturer go up cities in Mullinville, KS have been converted to dollars. Get access to background average manufacturing wage by country and details about the release of this statistic RIGHTS RESERVED 1 million facts: quick... Industry, as automation and technology improves, labor costs are the most authoritative source of,... Get full access to world-class experts, research, events, and other benefits well., companies like Schneider Electric Industrial Services and AAON report highly competitive wages for manufacturing workers or. The lowest States for 2006 States for 2006 youll save money by to...

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