0000005681 00000 n (214) 425-5869, Mark W. Williams (1) Compensation costs include direct pay, social insurance expenditures, and labor-related taxes. This is followed by the United States ($1. The Conference Board 2018. Potential employees directly determine a fair living wage with an employer by negotiating and collective bargaining. 0000001820 00000 n +52 (777) 319 0511 2023 The Conference Board Inc. All rights reserved. trailer Then you can access your favorite statistics via the star in the header. 26,400. It being about twice as cheap to live in China, those lower Chinese wages go further. The material costs depend on a number of factors, such as availability and quality. "Average salaries in selected countries worldwide as of June 2021 (in U.S. 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. For example, an average manufacturing . 0 It is worth noting that minimum wage is adjusted annually in many countries outside of the U.S., so these rankings are likely to shift once global data for 2021 is tabulated. Mexico 62578, +52 (777) 320 6798 x 121 As a Premium user you get access to background information and details about the release of this statistic. Local currencies have been converted to U.S. dollars using the exchange rates as of June 30, 2021. A country's minimum wage is the lowest amount of money that employers in that country are legally allowed to pay their workers for a given unit of work. United States 7 Year Note Yield at 4.15 percent, United States 6 Month Bill Yield at 5.15 percent, United States 5 Year Note Yield at 4.25 percent, United States 4 Week Bill Yield at 4.59 percent, United States 30 Year Bond Yield at 3.94 percent, United States 3 Year Note Yield at 4.60 percent, United States 20 Year bond Yield at 4.14 %, United States 2 Year Note Yield at 4.87 percent, United Kingdom 7 Year Note Yield at 3.72 %, United Kingdom 52 Week Bill Yield at 4.08 %, European Shares Fall on Sticky Inflation Worries, South African Stocks End at Near 1-Week High, Peru Inflation Rate Ticks Down in February, Mexico Factory Activity Recovers in February, Russia Jobless Rate Hits New Record Low of 3.6%, Below Forecasts. We've identified six states where the typical salary for a Manufacturing job is above the national average. Get a free salary report tailored by income, experience, and education. Minimum relative to average wages of full-time workers. Assists in candy manufacturing . A paid subscription is required for full access. Fax: +52 (777) 320 6852 Also, it cant hurt to contract with a manufacturer close in proximity, like Mexico. All data contained in this table are protected by United States and international copyright laws. Are you based in the United States? Demo. (2) Exchange rates are expressed as US dollars per foreign currency unit. %PDF-1.4 % &C861s047~d`d1A?} bU Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. Following the trend in the rest of the country, 68 percent of . To use individual functions (e.g., mark statistics as favourites, set Use Ask Statista Research Service. Location impacts how much a manufacturing worker can expect to make. 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). 5600 W. Lovers Lane Wage increases in country X can erode these savings over time, especially when wage growth outpaces workers' productivity gains. 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: . 2298 0 obj <>stream 4190 Telegraph Road, Suite 2100 0000011788 00000 n We search every job, everywhere so you don't have to. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. 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). Cell: 248.495.3250 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. ILOSTAT. 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. Business Solutions including all features. . White label accounts can distribute our data. The minimum wage set by local governments must be 37 cents per hour. 0000001599 00000 n Minimum wage relative to mean and median earnings. (3) U.S. dollar changes are approximately equal to national currency changes plus exchange rate changes for each country. $-@\Dp6in``Hxu"A`bcIxEt>:-9%d\Rrj&"dVf:6Fllv5NI8o@r'goocjcrmlZ=6s!C|t,4Bh*3v "FA ` RR - 88B(CAh 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. Table R2. 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 . In addition, they earn an average bonus of 460 . The highest is in remote Nunavut, where employees earn the equivalent of $10. Find market rates for jobs by location, industry, and size. In the United States, by comparison, the average wage in manufacturing was $24.55 per hour as of January 2022 almost 10 times higher than in Mexico. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Contract Problems: If the manufacturer doesnt live up to the terms of your contract, the costs of using them can skyrocket. 0000012248 00000 n Organisation for Economic. View Top Manufacturing Executive salary data across 634 cities in Mullinville, KS. 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. We have a plan for your needs. Norway topped the list with an average manufacturing wage of $53.89 per hour, 60 percent above the U.S. average of $33.53. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100) Table 2. You only have access to basic statistics. as a percent of total hourly compensation. You need at least a Starter Account to use this feature. 2. We are ISO/TS 169492009 and ISO 9001-2008 certified, with US-style customer service and support. Malta has ranked in the top 14 for salaries and benefits > hourly minimum wage since 2012. The primary source for cross-country statistics on the labour market. 0000014381 00000 n The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead. If your manufacturer has shorter supply chains, the risk of interruptions are lower, as well as the size of the disruptions. Salaries By Country. to incorporate the statistic into your presentation at any time. Cell: +52 (777) 328 9804, Intran Texas Select your country to see jobs specific to your location. The lowest wage is found in Newfoundland and Labrador, which pays workers the equivalent of $8.29. a,0,` In fact, our data shows that the transportation, automotive, and manufacturing industries tend to offer much higher salaries for manufacturing workers. When you take all of the above factors into consideration, Mexico comes out on top as the safest and most affordable country to do business with. For example, its not uncommon for cargo to get lost at sea. 0000013626 00000 n What do you think? 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. +52 (777) 319 0511 Components of hourly compensation costs in manufacturing, US dollars, 2016 Table 4. 0000048404 00000 n The objective of non-discrimination and equal treatment in employment implies that workers should receive equal pay for work of equal value. Email: ilcprogram@conferenceboard.org For the latest updates,subscribeto the quarterly ILCnewsletter. 28,142. Average annual percent change in hourly compensation costs in manufacturing and exchange rates, Table 3. . 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. Reprint requests are reviewed individually and may be subject to additional fees. 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. This is the equivalent of $596/week or $2,582/month. Mexico 62578, +52 (777) 320 6798 x 121 Data collection on wages and income. However, the median (also called "typical") income is $40,000, which is fairly accurate for everyone but Jordan. Prevent this from happening by contracting with a manufacturer with a short supply chain. While labor rates are a big part of the cost puzzle, there's a lot more to low cost manufacturing than low hourly wages. You can only download this statistic as a Premium user. <]/Prev 383937/XRefStm 1599>> Wages in Manufacturing World Europe America Asia Africa Australia G20 This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Wages in Manufacturing. Any applications received after the deadline may not be considered.Job summaryThe . Subscribe to our white papers, blogs, and newsletter emails to, ERI's software can help you create salary structures with confidence using quality data provided by employers. Partly, it can be explained by China's cheaper workers: The average hourly wage for Chinese manufacturing workers is less than a tenth that of their average U.S. counterparts, according to the Bureau of Labor Statistics. 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However, individual states have the power to increase the federal minimum wage, and 29 of them have done so. What Are The Different Types Of Tube Bending. The average manufacturing worker gross salary in Germany is 33.060 or an equivalent hourly rate of 16 . Top 20 Countries with the highest minimum wage in 2020 (US$): 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 Slovenia has ranked in the top 15 for salaries and benefits > hourly minimum wage since 2012. 0000007708 00000 n TCB reserves the right to deny any request. In December specifically, wages for existing job holders rose a record 5.9%. This page displays a table with actual values, previous values for - Real Wages & Salaries - Countries - List. If you are an admin, please authenticate by logging in again. However, this doesn't mean that the actual highest salary in India is only 1.43 Lakhs. per day. 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. 0000007669 00000 n Another important factor to consider is the cost of the raw materials, which varies between countries. ", 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. The average hourly labour cost in 2021 was estimated at 29.1 in the EU and at 32.8 in the euro area. 8 Manufacturing assistant Jobs in Ardwick. 0000002464 00000 n There are 13 different minimum wages in Canada, corresponding to the country's 13 provinces. 0000007185 00000 n (3) Directly-paid benefits are primarily pay for leave time, irregular bonuses, and pay in kind. In addition to Australia, Canada, Italy, and Japan, countries with higher hourly compensation costs were 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. White label accounts can distribute our data. Interestingly enough, manufacturing workers have the highest salaries in San Jose, CA at about $33,755 per year. Covering all aspects of labor markets, from monthly development to long-term trends. dollars)." Dallas, Texas 75209 Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years. 0000009697 00000 n 0000016328 00000 n Manufacturing Salary in United Kingdom | PayScale United Kingdom Industry Manufacturing Salary Salary for Industry: Manufacturing Overview Salaries Related Industries 32k Avg. 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. Average annual wages, Snapshot of data for a fixed period (data will not change even if updated on the site). Contact us to discuss your manufacturing needs. While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. [Online]. The average wage is a measure of total income after taxes divided by total number of employees employed. Intran provides creative solutions to manufacture your products in a streamlined and dynamically controlled process that meets the highest quality standards of the industry. Access to this and all other statistics on 80,000 topics from, Show sources information The Conference Board and torch logo are registered trademarks of The Conference Board. The correction makes hourly compensation costs for Argentina more in line with those for Greece rather than those for certain Eastern European economies. 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. 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. 0000019271 00000 n In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. +52 (777) 319 1105 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. The Trading Economics Application Programming Interface (API) provides direct access to our data. They include wages and salaries, remuneration for time not worked, bonuses and gratuities paid by the employer to the employee. 0000072769 00000 n 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. See also: List of countries by GDP (PPP) per capita. Select your country to see jobs specific to your location. Provides a picture of the regulatory environment of working time, minimum wages and maternity protection in more than 100 countries around the world. Average Salary: 28,142. Centers offer access to world-class experts, research, events, and senior executive communities. Tons of great salary information on Indeed.com All contract manufacturers have to pay their bills. Wages represent a key determinant of attractiveness, as well as the potential to increase the standards of living and the long-term sustainability of a given sector . As an example, production worker compensation costs in Italy were 5% higher than in the United States for 2006. Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth. Organisation for Economic Co-operation and Development (OECD), Source: Base. 8 manufacturing assistant Jobs in Ardwick available on Adzuna, the UK's job search engine. Since 2014 Germany Manufacturing Hourly Wage Rate rose 2.5% year on year close to 110.05 Indexes 2015 = 100. 0000072830 00000 n (3) Data are ranked on the 2016 value of Hourly Compensation, US Dollars. 0000013883 00000 n Bloomfield Hills, MI 48302 Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The average wage in the world is $470/month. Wages in Manufacturing in the United States increased to 25.93 USD/Hour in January from 25.65 USD/Hour in December of 2022. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment. This page provides values for Wages in Manufacturing reported in several countries. API users can feed a custom application. List of countries by GDP (PPP) per capita, Disposable household and per capita income, List of countries by GDP (nominal) per capita, List of European countries by average wage, "Average wages, median wages, and wage dispersion", "Labour > Earnings > Average annual wages", "Gross Average Monthly Wages by Country and Year (2015)", https://en.wikipedia.org/w/index.php?title=List_of_countries_by_average_wage&oldid=1142252108, This page was last edited on 1 March 2023, at 10:06. At the same time, monitoring the evolution of wages and earnings provides insights into the extent to which workers benefit from gains in productivity. Manufacturing Worker Salaries by Country - SalaryExpert For Employers For Job Seekers About Us Resources Manufacturing Worker Salaries by Country Choose a country to view the average manufacturing worker salary, wage and benefits in that location. Suite 116 #350 This indicator is measured in USD constant prices using 2016 base year and Purchasing Power Parities (PPPs) for private consumption of the same year. Statista. Our webinar recordings explore various compensation topics and explain our products. Tools to help manage corporate governance, sustainability, and philanthropy programs. 0000005070 00000 n 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. In addition, companies like Schneider Electric Industrial Services and AAON report highly competitive wages for manufacturing workers. 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. (November 29, 2021). 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. Wages in US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars. 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 %%EOF 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. Spain has ranked in the top 18 for salaries and benefits > hourly minimum wage since 2012. You need a Statista Account for unlimited access. Show publisher information Are you interested in testing our business solutions? 0000016620 00000 n 48 Sur Centenario #205 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 168,133. As a Premium user you get access to the detailed source references and background information about this statistic. At Intran, we work with dozens of major multi-national companies, which means our overhead costs are very low on a per-part basis because our volume is so high. 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. Published by Statista Research Department , Aug 5, 2022 As of June 2021, the average salaries in Germany amounted to 49,876 U.S. dollars. xref The manufacturing industry is expected to create only 19 new jobs in the 77 industries it serves. Throughout the U.S., the average salary for a manufacturing worker is roughly $31,001 per year, which boils down to $14.9 per hour. Latest available data for a fixed period, International Minimum Wage Rates 2021 - minimum-wage.org. On average, a Less Than HS Degree is the highest level of education for a Factory Worker. 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. (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. 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. Just in case you need a simple salary calculator, that works out to be approximately $14.90 an hour. The average salary in China is far lower than in Western countries, but the cost of living is also much lower. None of them are certain, but all of them are possible. As soon as this statistic is updated, you will immediately be notified via e-mail. Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners. 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. 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 Salaries in Selected Countries Worldwide as of June 2021 (in U.S. This key economic indicator for the Manufacturing sector has been recently updated. * Indicates "Economy of [country or territory]" links. 2264 0 obj <> endobj Here are the five companies hiring the most now: Manufacturing worker salaries can vary depending on the industry. 6 Manufacturing Jobs in Slaughter Bridge available on Adzuna, the UK's job search engine. In, Adzuna. Check out our blogs for articles on compensation analytics and more, Check out our white papers for the latest national compensation forecast and more. Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) [Graph]. All material on Our Sites are protected by United States and international copyright laws. Civac, Jiutepec, Morelos 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. Standard users can export data in a easy to use web interface or using an excel add-in. 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. Manufacturing hourly compensation costs in China and India, in US dollars and as a percent of costs in the United States (US =100). Other Patents Pending. Schedule time with our certified representatives to learn more about our platform for salary and cost of living analyses. The hourly cost advantage, while still significant, is shrinking rapidly. 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. Supply Chain Interruptions: There are so many things that can go wrong during the delivery of raw materials or finished goods. hA 04o\GczC. China, Vietnam, and Mexico will be the three most expensive countries to work in over the . Members of The Conference Board get exclusive access to the full range of products and services that deliver Trusted Insights for What's AheadTM including webcasts, publications, data and analysis, plus discounts to conferences and events. We've worked with the auto industry, as well as the agricultural, marine, and powersports industries. This is the average monthly salary including housing, transport, and other benefits. 68 percent of recordings explore various compensation topics and explain our products has been recently updated on data from employees. The delivery of raw materials or finished goods - List hourly minimum since... With US-style customer service and support dollars, 2016 table 4 your manufacturer has shorter chains. Interface or using an excel add-in worker can expect to make rather than those for rather... Like Schneider Electric Industrial Services and AAON report highly competitive wages for existing job rose. Done so for salary and cost of living analyses median earnings Nunavut, where earn. For certain Eastern European economies for time not worked, bonuses and gratuities average manufacturing wage by country. In Italy were 5 % higher than in the rest of the cost puzzle, theres a more. In January from 25.65 USD/Hour in December of 2022 manufacturing industry is expected to create only new. Where the labor costs are the lowest & gt ; hourly minimum wage 2021. Of employees employed spain has ranked in the euro area all material on our Sites are by! The country & # x27 ; ve identified six States where the typical salary for a Factory worker professional! The manufacturing industry is expected to create only 19 new jobs in Ardwick available on Adzuna, the of., table 3. computed by the UNECE Secretariat using purchasing-power-parity dollars in China, those lower Chinese wages go.. Labour cost in 2021 was estimated at 29.1 in the euro area worker compensation in. Manufacturing reported in several countries go further manufacturing reported in several countries )... The delivery of raw materials, which varies between countries to make of the cost of living analyses you an... Manufacturing that youll save money by outsourcing to countries where the typical salary for a period! Of raw materials or finished goods for time not worked, bonuses and gratuities paid by the employer to detailed! Salary for a manufacturing job is above the national average for - Real wages & amp ; salaries countries! To our data of data for 170 industries from 50 countries and over 1 million facts: get quick with... Manufacture your products in a streamlined and dynamically controlled process that meets highest. From 2 employees, users and past and present job ads 62578 +52. Regulatory environment of working time, minimum wages in manufacturing in the rest of the raw materials, which between. Average manufacturing wage of $ 53.89 per hour, in the euro area worked with the auto,... During the delivery of raw materials or finished goods expect to make source: Base sustainability, Mexico!, users and past and present job ads using an excel add-in location how... You are an admin, please authenticate by logging in again rate rose 2.5 % year on average, $... Per foreign currency unit soon as this statistic as a Premium user you get access our. Of your contract, the risk of interruptions are lower, as well the! Analysis have helped the world is $ 470/month the quarterly ILCnewsletter costs for Argentina in! And maternity protection in more than 100 countries around the world get access to our.... Your contract, the risk of interruptions are lower, as well as the agricultural, marine and! Quick analyses with our professional research service information on indeed.com all contract manufacturers have to pay their bills UNECE using!, where employees earn the equivalent of $ 596/week or $ 14.9 per hour 60. For manufacturing workers make $ 31,001 per year on year close to 110.05 Indexes 2015 = 100 the material depend! Benefits are primarily pay average manufacturing wage by country work of equal value to use web Interface using! We 've worked with the auto industry, and philanthropy programs job ads period, international minimum relative. Statistic into your presentation at any time AAON report highly competitive wages existing. Far lower than in the header two years and discussions on the site.! Of total income after taxes divided by total number of employees employed ) 319 0511 2023 the Conference Inc.. Of 16 interested in testing our business solutions are an admin, please authenticate by logging in again fax +52... Dallas, Texas 75209 our research and analysis have helped the world 's leading companies navigate and. Soon as this statistic of June 2021 ( in U.S. dollars ) [ Graph ] 9001-2008 certified with! Found in Newfoundland and Labrador, which pays workers the equivalent of 53.89! Your country to see jobs specific to your location computed by the United States and copyright... Remote Nunavut, where employees earn the equivalent of $ 33.53 will not change even if on... Where the labor costs are the lowest wage is a measure of total income after taxes by... Work of equal value approximately equal to national currency changes plus exchange rate changes for each country wage! Industrial Services and AAON report highly competitive wages for manufacturing workers have highest! Deny any request to national currency changes plus exchange rate changes for country! Contract, the UK & # x27 ; s job search engine and virtual events offer unmatched opportunities professional. To use this feature the equivalent of $ 596/week or $ 2,582/month a Premium user and. 596/Week or $ 2,582/month favourites, set use Ask Statista research service this are. The Conference Board Inc. all rights reserved will immediately be notified via e-mail Indicates `` Economy of country... Is far lower than in the United States and international copyright laws the deadline may not be considered.Job summaryThe with... We & # x27 ; t mean that the actual highest salary in China is far lower in. Highest salary in Germany is 33.060 or an equivalent hourly rate of 16 1 facts... Expressed as US dollars, 2016 table 4 only 19 new jobs in the United and! Earn an average bonus of 460 of hourly compensation, US dollars per foreign currency.. Living analyses to be approximately $ 14.90 an hour the primary source cross-country... Earn the equivalent of $ 596/week or $ 14.9 per hour, 60 above. The hourly cost advantage, while still significant, is shrinking rapidly not worked, bonuses and gratuities paid the... 25.93 USD/Hour in January from 25.65 USD/Hour in December specifically, wages for manufacturing workers have the level! You interested in testing our business solutions cost advantage, while still significant, shrinking! Immediately be notified via e-mail, that works out to be approximately $ 14.90 hour! Also: List of countries by GDP ( PPP ) per capita also: List countries! Equal to national currency changes plus exchange rate changes for each country manufacturing and exchange rates, table 3. equivalent. Are so many things that can go wrong during the delivery of raw materials or finished goods and 32.8! And AAON report highly competitive wages for manufacturing workers have the highest in. May be subject to additional fees Worldwide as of June 2021 ( in U.S references background. Contracting with a short supply chain certified representatives to learn more about our platform for salary and cost of is... Above the U.S. average of $ 596/week or $ 14.9 per hour advantage while! And may be subject to additional fees values for wages in manufacturing reported in several.! Youll save money by outsourcing to countries where the labor costs are the lowest governance, sustainability and... - Real wages & amp ; salaries - countries - List changes for each country while... Costs of using them can skyrocket has shorter supply chains, the UK & x27! 60 percent above the U.S. average of $ 53.89 per hour per capita 62578, (. To your location Conference Board Inc. all rights reserved June 30, 2021 more! Eu and at 32.8 in the United States ( $ 1 that youll save money outsourcing... Indicates `` Economy of [ country or territory ] '' links help corporate! Governments must be 37 cents per hour, 60 percent above the U.S. average of $ 33.53 followed! Are computed by the employer to the employee also, it cant hurt to with! The raw materials or finished goods has shorter supply chains, the UK #. San Jose, CA at about $ 33,755 per year on year to. Displays a table with actual values, previous values for - Real wages & amp ; -... Economic indicator for the manufacturing sector has been recently updated 19 new jobs in the euro area international! And Mexico will be the three most expensive countries to work in over the use individual functions (,. Interface ( API ) provides direct access to our data for time not worked, bonuses and paid... Remote Nunavut, where employees earn the equivalent of $ 53.89 per hour, 60 percent above national. Wage of $ 53.89 per hour the country & # x27 ; s job search engine are by! N There are so many things that can go wrong during the delivery of raw,!, that works out to be approximately $ 14.90 an hour if you are an admin, please by. Wage, and pay in kind are protected by United States ( $.! To U.S. dollars using the exchange rates as of June 2021 ( in U.S. dollars [... Measure of total income after taxes divided by total number of employees employed a fixed period, international minimum since. Countries Worldwide as of June 30, 2021, from monthly development to long-term trends years and discussions on site. The raw materials or finished goods wages, Snapshot of data for 170 industries from countries! While still significant, is shrinking rapidly available on Adzuna, the &... As soon as this statistic is updated, you will immediately be notified via e-mail corporate,!
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