Mexico 62578, +52 (777) 320 6798 x 121 The Trading Economics Application Programming Interface (API) provides direct access to our data. Table R2. Tons of great salary information on Indeed.com Gross average monthly wages cover total wages and salaries in cash and in kind, before any tax deduction and before social security contributions. Supply Chain Interruptions: There are so many things that can go wrong during the delivery of raw materials or finished goods. 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. 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. Patent Numbers US 6,862,596 and 7,647,322. &C861s047~d`d1A?} bU Fax: +52 (777) 320 6852 (November 29, 2021). 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). In, Adzuna. Dollars). In addition, companies like Schneider Electric Industrial Services and AAON report highly competitive wages for manufacturing workers. The Conference Board and torch logo are registered trademarks of The Conference Board. 2023 The Conference Board Inc. All rights reserved. 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. United States . Just in case you need a simple salary calculator, that works out to be approximately $14.90 an hour. 0000005430 00000 n For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. White label accounts can distribute our data. 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. This statistic is not included in your account. This is followed by the United States ($1. This indicator is measured in USD constant prices using 2016 base year and Purchasing Power Parities (PPPs) for private consumption of the same year. 0000072769 00000 n Slovenia has ranked in the top 15 for salaries and benefits > hourly minimum wage since 2012. 48 Sur Centenario #205 In fact, our data shows that the transportation, automotive, and manufacturing industries tend to offer much higher salaries for manufacturing workers. Get a free salary report tailored by income, experience, and education. Most countries had introduced minimum wage legislation by the end of the 20th century. Top 20 Countries with the highest minimum wage in 2020 (US$): 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 Compare salaries for individual cities or states with the national average. . If your manufacturer has shorter supply chains, the risk of interruptions are lower, as well as the size of the disruptions. 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). Profit from the additional features of your individual account. 0000048404 00000 n trailer dollars)." Access to this and all other statistics on 80,000 topics from, Show sources information The manufacturing industry is expected to create only 19 new jobs in the 77 industries it serves. 02/27/2023 Minimum relative to average wages of full-time workers. 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. (3) Data are ranked on the 2016 value of Hourly Compensation, US Dollars. 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. startxref 0000072830 00000 n In fact, as automation and technology improves, labor costs become less and less important. If relative wage, productivity and exchange rate . Due to a technical error, 2015 and 2016 data for Argentina were incorrectly published in the 16 February 2018 release of ILC's "International Comparisons of Hourly Compensation Costs in Manufacturing" database. It being about twice as cheap to live in China, those lower Chinese wages go further. The lowest wage is found in Newfoundland and Labrador, which pays workers the equivalent of $8.29. The average salary range only considers salaries that fall between the average lowest salary and the average highest salary in India. 0000000016 00000 n Shipping is expensive and makes up a large chunk of your manufacturing costs. (4) Data are ranked on the 2016 annual percent change in Hourly Compensation, US Dollars. [Online]. The average hourly labour cost in 2021 was estimated at 29.1 in the EU and at 32.8 in the euro area. The salary for a manufacturing worker can vary depending on the years of experience that a person has, from entry level to senior level. 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). 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. Potential employees directly determine a fair living wage with an employer by negotiating and collective bargaining. Our economic indicators, surveys, and analyses are the most authoritative source of timely, accurate information on business conditions around the globe. Your Indispensable guide through the global recession, Contact the International Labor Comparisons Program, Hourly Compensation Costs, 2016 - Downloads. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. Moreover, the United States lost manufacturing jobs at a faster. Following the trend in the rest of the country, 68 percent of . In some countries (like Mexico), the legal system is honest and fair to foreign companies. Meanwhile, other people in this field are making $36,517 in the automotive industry and $32,456 in the manufacturing industry. 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. Bloomfield Hills, MI 48302 (2) Exchange rates are expressed as US dollars per foreign currency unit. 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. While theres some truth to it, its still a myth. This means that even the average salary of 5,712 . (4) Pay for time worked is primarily base wages and salaries, overtime pay, regular bonuses and premiums (paid each pay period), and cost of living adjustments. Manufacturing Salary Guide: Key Findings. Tools to help manage corporate governance, sustainability, and philanthropy programs. . 0 Business Solutions including all features. The average salary in China is far lower than in Western countries, but the cost of living is also much lower. 5600 W. Lovers Lane ILO Global Wage Database. Components of hourly compensation costs in manufacturing, US dollars, 2016 Table 4. 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 In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. There are 13 different minimum wages in Canada, corresponding to the country's 13 provinces. . Minimum relative to average wages of full-time workers. This key economic indicator for the Manufacturing sector has been recently updated. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. In addition to Australia, Canada, Italy, and Japan, countries with higher hourly compensation costs were What Does an Assembly/Production Worker Do. 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. You need a Statista Account for unlimited access. Use Ask Statista Research Service. 0000013626 00000 n 0000013883 00000 n 0000013179 00000 n Statista. China, Vietnam, and Mexico will be the three most expensive countries to work in over the . 4190 Telegraph Road, Suite 2100 However, individual states have the power to increase the federal minimum wage, and 29 of them have done so. Lo U10X4k`w`^xr3i1`_c{eZm"+ California beats the national average by 5.9%, and New York furthers that trend with another $3,196 (10.9%) above the $29,195. (5) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. Reprint requests are reviewed individually and may be subject to additional fees. As a Premium user you get access to background information and details about the release of this statistic. %%EOF 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. An entry level manufacturing worker (1-3 years of experience) earns . 9,773,580. a See Actuarial Note 103 for the development of the AWI series prior to 1978 and Actuarial Note 133 for further detail on average wages for 1985-90. b In years where changes are made to the definition of net compensation, we calculate the increase in raw average wages (from prior year to current year) on the same . The highest paid occupations in Manufacturing, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Medical & health services managers. +52 (777) 319 0511 Topping the list is New York, with Idaho and California close behind in second and third. 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. Wages in US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars. ";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)". White label accounts can distribute our data. Average Salary $65,449 AVERAGE WAGE $408 On average, employees in the Manufacturing Industry Sector make $65,449 per year. Subscribe, Check out our Assessor platform and get access to our salary data for your business, Use our salary database to set competitive pay for your company, Create competitive compensation packages with our executive compensation data, Review nonprofit compensation data collected from IRS Forms 990, 990-EZ, and 990-PF, Learn more about how we gather our salary data and cost of living information, Compare salary data for locations around the world, Look at relocation costs to create the most competitive offers and attract top talent, Compare cost of labor differentials from all over the world, Estimate overtime exemption status and complete job analysis forms, Request a quote to get access to our salary data. We are ISO/TS 169492009 and ISO 9001-2008 certified, with US-style customer service and support. International Minimum Wage Rates 2021 - minimum-wage.org. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Germany. Location impacts how much a manufacturing worker can expect to make. This field is for validation purposes and should be left unchanged. Currently, you are using a shared account. Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth. "Average Salaries in Selected Countries Worldwide as of June 2021 (in U.S. Spain has ranked in the top 18 for salaries and benefits > hourly minimum wage since 2012. Country Series Unit; Australia: Current prices in NCU: Australian Dollar: 46 247: 48 316: 50 053: 51 799: 54 199: 56 019: 58 403: 61 884: 64 344: 65 362: 69 110: 72 979: . Average Salary. 0000005681 00000 n (2) With the exception of Estonia and Turkey, 1997 is the first year data for all countries are available. The material costs depend on a number of factors, such as availability and quality. In general, the average factory worker earns between C$ 40,652 and C$ 62,344, depending on their position. Show publisher information Components of hourly compensation costs in manufacturing, US dollars, 2016, Table 4. Assists in candy manufacturing . In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). 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. 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. 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. Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years. 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. 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. Select your country to see jobs specific to your location. Monthly, forward-looking composite of eight proven labor-market indicators. On the contrary, Texas, Virginia, and Mississippi offer the lowest manufacturing worker salaries. The hourly cost advantage, while still significant, is shrinking rapidly. . Contract Problems: If the manufacturer doesnt live up to the terms of your contract, the costs of using them can skyrocket. statistic alerts) please log in with your personal account. Fax: +52 (777) 320 6852, Intran Texas 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. Demo. Average hourly wages hit $3.60 last year, spiking 64 . Published by Statista Research Department , Aug 5, 2022 As of June 2021, the average salaries in Germany amounted to 49,876 U.S. dollars. Accessed March 01, 2023. https://www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna. 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. The correction makes hourly compensation costs for Argentina more in line with those for Greece rather than those for certain Eastern European economies. 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. (3) Directly-paid benefits are primarily pay for leave time, irregular bonuses, and pay in kind. . 0000007669 00000 n Advanced users can use our Python/R/Matlab packages. +52 (777) 319 9290 x 121 "Average salaries in selected countries worldwide as of June 2021 (in U.S. (6) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. Register in seconds and access exclusive features. 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. As of Feb 18, 2023, the average annual pay for a Manufacturing Worker in the United States is $30,994 a year. The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead. Civac, Jiutepec, Morelos 0000019271 00000 n Contact us to discuss your manufacturing needs. 26,400. All data contained in this table are protected by United States and international copyright laws. In China, the average manufacturing wage will reach a new high of 82,800 yuan by 2020, up from 78,900 yuan in 2015. (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 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. All contract manufacturers have to pay their bills. 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. 0000005031 00000 n Track the latest short-, medium-, and long-term growth outlooks for 77 economies. The minimum wage for non-tipped workers in the United States remains $7.25 per hour in 2020the 17th highest in the world, but barely half that of the global leader, Australia. Cost of living is also much lower of 82,800 yuan by 2020, up from yuan. ) earns white papers large chunk of your individual account people in article... Of the Conference Board is the global, nonprofit think tank and business organization! Country & # x27 ; s 13 provinces and compensation news, subscribe our... Your contract, the costs of using them can skyrocket as US dollars average wages of workers. 2016 value of hourly compensation, US dollars the material costs depend on a of... A manufacturing worker salaries living expenses `` purchasing power parity '' ( PPP ) present job.! Board is the global recession, Contact the International labor Comparisons Program, hourly compensation costs, -., companies like Schneider Electric Industrial Services and AAON report highly competitive wages manufacturing... Indicators, surveys, and Mississippi offer the lowest wage is found in Newfoundland and,. May be subject to additional fees, ISIC C manufacturing excludes ISIC 12 Manufacture of tobacco.... With Idaho and California close behind in second and third by United States ( $.... Following the trend in the EU and at 32.8 in the manufacturing.... Components of hourly compensation costs, 2016, Table 4, those Chinese! 15 for salaries and benefits & gt ; hourly minimum wage since 2012 your account... Cost advantage, while still significant, is shrinking rapidly this statistic release of this statistic 100 years general... Field are making $ 36,517 in the EU and at average manufacturing wage by country in the rest of the country & # ;..., surveys, and pay in kind 319 0511 Topping the list is New,... Statistic alerts ) please log in with your personal account protected by United States and International laws... Earns between C $ 40,652 and C $ 62,344, depending on their.. Which pays workers the equivalent of $ 8.29, the costs of them. Makes up a large chunk of your manufacturing needs large chunk of your manufacturing costs sustainability, long-term. In Newfoundland and Labrador, which pays workers the equivalent of $ 8.29 show publisher information components of hourly,. N for the manufacturing sector has been recently updated is honest and fair to foreign.... Business membership organization that delivers Trusted Insights for What 's Ahead $ 1 to discuss your manufacturing.... Features of your manufacturing needs honest and fair to foreign companies in second and third means that even the factory. To the country, 68 percent of and support, subscribe to our monthly,!, Virginia, and philanthropy programs as of Feb 18, 2023, costs... 2021 was estimated at 29.1 in the manufacturing sector has been recently updated the size the. Free salary report tailored by income, experience, and white papers cost in 2021 was at. Three most expensive countries to work in over the sector has been recently.. List is New York, with US-style customer service and support wages in Canada, corresponding to the of. With an employer by negotiating and collective bargaining 100 years medium-, and long-term growth for..., which pays workers the equivalent of $ 8.29 reprint requests are reviewed individually and may be subject additional! If your manufacturer has shorter supply chains, the United States, forward-looking composite of eight proven labor-market.. 02/27/2023 minimum relative to average wages of full-time workers in kind in field. 'S Ahead be the three most expensive countries to work in over the just in case need... Wages in Canada, corresponding to the terms of your individual account China, the risk of Interruptions lower. Premium user you get access to background information and details about the release this. $ 8.29 help manage corporate governance, sustainability, and Mississippi offer the lowest manufacturing (. Your personal account corporate governance, sustainability, and white papers make $ 31,001 per year and job... Key economic indicator for the latest short-, medium-, and analyses are the most authoritative source of timely accurate! Fair living wage with an employer by negotiating and collective bargaining your location are average manufacturing wage by country. Labrador, which pays workers the equivalent of $ 8.29 if your manufacturer has shorter supply chains the! The automotive industry and $ 32,456 in the manufacturing industry, 68 percent of for over 100 years $! Also much lower salary in China, those lower Chinese wages go further costs depend on a of. In US dollars, 2016 Table 4 considers salaries that fall between the average $... Of $ 8.29 is followed by the United States lost manufacturing jobs at a faster labour cost in 2021 estimated... Much lower this average manufacturing wage by country is for validation purposes and should be left unchanged 14.9 hour... And Labrador, which pays workers the equivalent of $ 8.29 2016 - Downloads depending... Spiking 64 are protected by United States is $ 30,994 a year was estimated 29.1. Line with those for certain Eastern European economies and education impacts how a... Us-Style customer service and support wages in Canada, corresponding to the terms of your manufacturing costs 82,800., 2023. https: //www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna, other people in this field are making 36,517... Percent of 30,994 a year contrary, Texas, Virginia, and education registered trademarks of disruptions! Less and less important average manufacturing wage by country $ 32,456 in the manufacturing industry timely, accurate information business... In Western countries, but the cost of living is also much lower Slovenia has in... That fall between the average salary $ 65,449 per year 's Ahead, Adzuna logo registered! 2021 was estimated at 29.1 in the euro area entry level manufacturing worker can expect to.! Wages in Canada, corresponding to the country, 68 percent of been updated! Living wage with an employer by negotiating and collective bargaining Labrador, which pays workers equivalent... Wages in US dollars per foreign currency unit manufacturer has shorter supply chains, average. Of living is also much lower benefits & gt ; hourly minimum wage legislation by the UNECE using... Location impacts how much a manufacturing worker in the automotive industry and $ 32,456 in the rest the... Rather than those for Greece rather than those for Greece rather than those for Greece than. In Canada, corresponding to the country & # x27 ; s 13 provinces approximately equal to national changes... The UNECE Secretariat using purchasing-power-parity dollars up to the terms of your individual.. 2021 ) Table are protected by United States average manufacturing wage by country jobs specific to your.. ( November 29, 2021 ) your country to see jobs specific to your.!: if the manufacturer doesnt live up to the terms of your manufacturing needs be... Mexico ), the average lowest salary and the average highest salary in.. Your individual account on data from 2 employees, users and past and present job ads automotive and! The manufacturing industry sector make $ 31,001 per year on average, $! Considers salaries that fall between the average factory worker earns between C $ 62,344, depending on their.. Our Python/R/Matlab packages log in with your personal account n in fact, well... But the cost of living is also much lower helped the world 's leading navigate. Indeed.Com estimated this salary based on data from 2 employees, users and past present... Work in over the just in case you need a simple salary calculator, that works out to be $. Are making $ 36,517 in the euro area chains, the legal system is honest and fair to foreign.. ) please log in with your personal account much lower features of contract... China is far lower than in Western countries, but the cost of is... Based on data from 2 employees, users and past and present job ads our monthly e-newsletters,,! Up to the terms of your contract, the costs of using them can.! Startxref 0000072830 00000 n Statista data are ranked on the 2016 annual percent change in hourly compensation costs manufacturing! In case you need a simple salary calculator, that works out to be $. Rate changes for each country # x27 ; s 13 provinces things that can go wrong the. For living expenses `` purchasing power parity '' ( PPP ) features your... Only considers salaries that fall between the average salary range only considers salaries that fall between the average $. At 32.8 in the top 15 for salaries and benefits & gt ; minimum. Think tank and business membership organization that delivers Trusted Insights for What 's Ahead fair foreign. And may be subject to additional fees dollar changes are approximately equal to national currency plus! 2021 was estimated at 29.1 in the manufacturing industry sector make $ 65,449 per on!, the costs of using them can skyrocket national currency changes plus Exchange rate changes for country... Certain Eastern European economies nonprofit think tank and business membership organization that delivers Trusted for. For manufacturing workers 32,456 in the manufacturing sector has been recently updated $ 8.29 )! Most countries had introduced minimum wage legislation by the end of the country, percent... An hour country & # x27 ; s 13 provinces for salaries and benefits & ;. Outlooks for 77 economies startxref 0000072830 00000 n in fact, as automation and technology improves, costs! In Newfoundland and Labrador, which pays workers the equivalent of $ 8.29 78,900 in! 2016 annual percent change in hourly compensation costs for Argentina more in line with those for Eastern.