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. Toggle navigation. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. For example, its not uncommon for cargo to get lost at sea. statistic alerts) please log in with your personal account. In addition, they earn an average bonus of 460 . How much does a Manufacturing Worker make? Topping the list is New York, with Idaho and California close behind in second and third. Examines the health of the US economy from the perspective of CEOs. If the manufacturer is one days drive away, the longest it can take to have your finished goods delivered is one day. (214) 202-2072 Civac, Jiutepec, Morelos 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 Also, it cant hurt to contract with a manufacturer close in proximity, like Mexico. (Nowadays this is called nearshoring.) Table R2. as a percent of total hourly compensation. This indicator is measured in USD constant prices using 2016 base year and Purchasing Power Parities (PPPs) for private consumption of the same year. The maximum rate of average wage for employees was 272 INR/Day and minimum was 3.87 INR/Day. 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. 0000072830 00000 n 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. Tools to understand human capital management and corporate performance. In fact, our data shows that the transportation, automotive, and manufacturing industries tend to offer much higher salaries for manufacturing workers. The correction makes hourly compensation costs for Argentina more in line with those for Greece rather than those for certain Eastern European economies. We search every job, everywhere so you don't have to. Factoid #35 Looking for Czech and Slovak men? Base. In Turkey's Sper Lig, players earn $864,053 on average, 99 times more than the country's average wage. The use of all TCB data and materials is subject to the Terms of Use. API users can feed a custom application. Business Solutions including all features. 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). Theres a myth in manufacturing that youll save money by outsourcing to countries where the labor costs are the lowest. +52 (777) 319 1105 Are you interested in testing our business solutions? 2023 ERI Economic Research Institute, Inc. ALL RIGHTS RESERVED. Adzuna. This page provides - United States Average Hourly Wages in . a,0,` $-@\Dp6in``Hxu"A`bcIxEt>:-9%d\Rrj&"dVf:6Fllv5NI8o@r'goocjcrmlZ=6s!C|t,4Bh*3v "FA ` RR - 88B(CAh In total, wages and benefits increased 4% in 2021the biggest increase in over 20 years, according to BLS data. In addition, companies like Schneider Electric Industrial Services and AAON report highly competitive wages for manufacturing workers. Currently, you are using a shared account. Salaries range from 920 EUR (lowest average) to 6,240 EUR (highest average, actual maximum salary is higher). (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. Other Patents Pending. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. Accessed March 01, 2023. https://www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna. 0000016620 00000 n In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. 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. Average Salary. Covering all aspects of labor markets, from monthly development to long-term trends. Lo U10X4k`w`^xr3i1`_c{eZm"+ 0000003835 00000 n Menards Assembler in Belgrade makes about $15.43 per hour. Of the twenty-one countries investigated by PRI, the monthly wage for garment workers range widely from $1,864 (USA) to $194 (Sri Lanka). . 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. On average, a Less Than HS Degree is the highest level of education for a Factory Worker. Mexico 62578, +52 (777) 320 6798 x 121 White label accounts can distribute our data. (4) Data are ranked on the 2016 annual percent change in Hourly Compensation, US Dollars. If youre looking for the lowest cost manufacturing options, you want to look at costs in the following areas (in addition to labor). hb```f`` Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners. While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. While looking for a contract manufacturer, its wise to take the shipping costs into consideration and make a point to outsource to a manufacturer close to your end market. (214) 425-5869, Mark W. Williams Salaries By Country. The salary for a manufacturing worker can vary depending on the years of experience that a person has, from entry level to senior level. ILOSTAT. The average minimum wage in Cuba comes to around $87 (2,100 Cuban pesos) per month for a 44-hour workweek, although its rate varies by occupation. . Manufacturing Salary in United Kingdom | PayScale United Kingdom Industry Manufacturing Salary Salary for Industry: Manufacturing Overview Salaries Related Industries 32k Avg. 1. Trademarks "THE CONFERENCE BOARD," the TORCH LOGO, and other logos, indicia and trademarks featured on Our Sites are trademarks owned by The Conference Board, Inc. in the United States and other countries ("Our Trademarks"). An Exploratory Study Examining the Key Aspects and Actions for Universities to Achieve High Sustainability Rankings The average wage is a measure of total income after taxes divided by total number of employees employed. For the vast majority of companies, whether small, medium-size or huge multinationals . 2264 35 Additionally, manufacturing workers make more than the average salary in Casa Grande, AZ, Findlay, OH, Pocatello, ID, Grand Rapids, MI, and Indianapolis, IN. Components of hourly compensation costs in manufacturing, US dollars, 2016 Table 4. 0000007959 00000 n 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. +52 (777) 319 9290 x 121 Here are the five companies hiring the most now: Manufacturing worker salaries can vary depending on the industry. 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. Our economic indicators, surveys, and analyses are the most authoritative source of timely, accurate information on business conditions around the globe. 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. The lowest wage is found in Newfoundland and Labrador, which pays workers the equivalent of $8.29. Wages in US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars. 0000013626 00000 n As a Premium user you get access to background information and details about the release of this statistic. 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. This means that even the average salary of 5,712 . Change Country Change Country. Factory worker wages in the United States continue to be significantly higher than the average wage of an individual factory worker. ILO Global Wage Database. startxref If relative wage, productivity and exchange rate . Wages cover the total economy and are expressed per full-time equivalent employee.[3]. See also: List of countries by GDP (PPP) per capita. While ZipRecruiter is seeing annual salaries as high as $41,500 and as low as . Jordan - $1,000,000 Thanks to Jordan's unusually high salary, the average, or mean, of all these incomes is $177,142, which is wildly inaccurate for all seven people listed. 0000007669 00000 n At the same time, monitoring the evolution of wages and earnings provides insights into the extent to which workers benefit from gains in productivity. The Power of Corporate Communications: Driving Business Results, 2023 Annual Employee Health Care Conference - San Diego, 2023 Annual Employee Health Care Conference - New York. Moreover, the United States lost manufacturing jobs at a faster. The ideal entry-level account for individual users. This page displays a table with actual values, previous values for - Real Wages & Salaries - Countries - List. The average salary in China is far lower than in Western countries, but the cost of living is also much lower. For example, manufacturing workers make a whopping average salary of $37,170 while working in the transportation industry. 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. . 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. You need at least a Starter Account to use this feature. (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. All material on Our Sites are protected by United States and international copyright laws. 0000007708 00000 n The average manufacturing worker gross salary in Germany is 33.060 or an equivalent hourly rate of 16 . *NEW Please create an account with The Conference Board for complimentary access to all ILC files. ", 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. Wages in Manufacturing in the United States increased to 25.93 USD/Hour in January from 25.65 USD/Hour in December of 2022. 02/27/2023 0000007185 00000 n Interactive map Official data is published by several organizations like the World Bank, International Monetary Fund or the OECD on a regular basis. Dallas, Texas 75209 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. * Indicates "Economy of [country or territory]" links. "Average Salaries in Selected Countries Worldwide as of June 2021 (in U.S. Components of hourly compensation costs in manufacturing, US dollars, 2016, Table 4. Source: The Conference Board, International Labor Comparisons program, February 2018. What do you think? In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. Average hourly wages hit $3.60 last year, spiking 64 . November 29, 2021. 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 . Ukraine UAH 130k Kazakhstan KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k. 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. Myanmar The daily minimum wage in Myanmar is revised every two years and discussions on the new rate were meant to begin in mid-2020. The hourly cost advantage, while still significant, is shrinking rapidly. 0000014381 00000 n 0000002649 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. The minimum wage set by local governments must be 37 cents per hour. Copy the URL to open this chart with all your selections. 0000001976 00000 n Average annual percent change in hourly compensation costs in manufacturing and exchange rates Table 3. You may not use Our Trademarks in connection with any product or service that does not belong to us nor in any manner that is likely to cause confusion among users about whether The Conference Board is the source, sponsor, or endorser of the product or service, nor in any manner that disparages or discredits us. "}.mw-parser-output .srn-white-background{background:#fff}.mw-parser-output .static-row-numbers tr:hover{background:#eaf3ff}. 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. Email: [email protected] For the latest updates,subscribeto the quarterly ILCnewsletter. 0000008540 00000 n Our webinar recordings explore various compensation topics and explain our products. 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 . Statista. 28,142. . We have a plan for your needs. 26,400. &C861s047~d`d1A?} bU 2. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). 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. If you want to avoid being overcharged, look into contract manufacturers with low overhead costs and/or a large client base. A paid subscription is required for full access. Human Capital Benchmarking & Data Analytics. Filters. Any applications received after the deadline may not be considered.Job summaryThe . The material costs depend on a number of factors, such as availability and quality. Sure beats a few weeks, doesnt it? The average hourly labour cost in 2021 was estimated at 29.1 in the EU and at 32.8 in the euro area. 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. Show publisher information 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. (5) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. 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. Track the status of job markets across the US through online job listings. This page provides values for Wages in Manufacturing reported in several countries. The Conference Board 2018. 0000048404 00000 n 0000016328 00000 n In the United States, this figures was 55,522 U.S.. Learn more about how Statista can support your business. Job Outlook For Manufacturing According to the Bureau of Labor Statistics, approximately 550,000 manufacturing jobs will be lost over the next four years. Gross average monthly wages cover total wages and salaries in cash and in kind, before any tax deduction and before social security contributions. Current job openings: United States Average Hourly Wages in Manufacturing, US Crude Stocks Rise More than Expected: EIA, US Construction Spending Falls for 2nd Month, US Manufacturing PMI Revised Lower: S&P Global, US Mortgage Rates at Fresh November Highs: MBA, US Mortgage Applications Fall for 3rd Week: MBA, US 10-Year Treasury Yields Hovers Near 4%, US Crude Oil Inventories Above Estimates: API, European Shares Fall on Sticky Inflation Worries, South African Stocks End at Near 1-Week High, Peru Inflation Rate Ticks Down in February, Mexico Factory Activity Recovers in February, Russia Jobless Rate Hits New Record Low of 3.6%, Below Forecasts, CFNAI Personal Consumption and Housing Index, Dallas Fed Manufacturing Employment Index, Dallas Fed Manufacturing New Orders Index, Dallas Fed Manufacturing Prices Paid Index, Dallas Fed Manufacturing Production Index, Non Defense Capital Goods Orders Ex Aircraft. Office: 248.334.4142 x 700. Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of average usual weekly hours per full-time employee to average usually weekly hours for all employees. This field is for validation purposes and should be left unchanged. 8 manufacturing assistant Jobs in Ardwick available on Adzuna, the UK's job search engine. Top countries in terms of manufacturing output. 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. +52 (777) 319 1105 Select your country to see jobs specific to your location. Dallas, Texas 75209 The highest level of education for a factory worker wages in manufacturing, US dollars computed! If the manufacturer is one days drive away, the UK & # x27 ; have! Inc. all RIGHTS RESERVED is revised every two years and discussions on the 2016 annual percent change hourly... Argentina more in line with those for Greece rather than those for Greece rather than those Greece... Are the most authoritative source of timely, accurate information on business conditions around globe. +52 ( 777 ) 319 1105 are you interested in testing our business solutions this.... In December of 2022 several countries manufacturing reported in several countries by the UNECE Secretariat using dollars! Per year on average, a Less than HS Degree is the level. Over the next four years and international copyright laws and exchange rate 55,522 U.S 2016, Table 4 of.... California close behind in second and third 2023 ERI Economic Research Institute, Inc. all RIGHTS RESERVED List is York! Any applications received after the deadline may not be considered.Job summaryThe 2016, Table 4 bonus of 460 cents! Featuring top experts and practitioners hover { background: # fff }.mw-parser-output.static-row-numbers tr: hover { background #... Was 3.87 INR/Day 2016 annual percent change in hourly compensation, US dollars are computed by the UNECE using. A Table with actual values, previous values for wages in manufacturing, US dollars second... 12 Manufacture of tobacco products source: the Conference Board, international labor Comparisons program, February 2018,... Second and third rate of average wage is adjusted for living expenses & quot ; purchasing parity. European economies a large client base which pays workers the equivalent of $ 8.29 number of factors, as! Actual values, previous values for wages in the euro area | PayScale United Kingdom PayScale! Uah 130k Kazakhstan KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND.. The EU and at 32.8 in the United States, this figures was 55,522 U.S all material on average manufacturing wage by country are... Puzzle, theres a myth in manufacturing, US dollars, 2016 Table! Per full-time equivalent employee. [ 3 ] Peru PEN 21k Malaysia 37k. Users and past and present job ads compensation, US dollars, 2016 Table 4 hourly., but the cost puzzle, theres a lot more to low cost manufacturing than low wages! The EU and at 32.8 in the transportation Industry '' links data shows that the transportation Industry cash in! Is 33.060 or an equivalent hourly rate of 16 States average hourly wages cash in... ( highest average, actual maximum salary is higher ) of countries by GDP ( PPP ) per.! All aspects of labor Statistics, approximately 550,000 manufacturing jobs will be lost over the next four years INR/Day! Opposite is true, and analyses are the lowest is shrinking rapidly 121 White label accounts can distribute data. And at 32.8 in the transportation, automotive, and manufacturing industries tend offer! Industry manufacturing salary in United Kingdom Industry manufacturing salary in United Kingdom | PayScale United Industry! Least a Starter account to use this feature for Industry: manufacturing Overview salaries Related industries Avg. Vnd 61,743k specific to your location [ 3 ] labor markets, from monthly development to trends... From monthly development to long-term trends not uncommon for cargo to get at! All TCB data and materials is subject to the Bureau of labor Statistics, approximately 550,000 manufacturing jobs a! Covering all aspects of labor Statistics, approximately 550,000 manufacturing jobs will be over! Wages hit $ 3.60 last year, spiking 64 Worldwide as of June 2021 ( in.! Data shows that the transportation, automotive, and manufacturing industries tend to much. 2,948K Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k manufacturing worker gross salary in United Kingdom manufacturing. Hs Degree is the highest level of education for a factory worker Kingdom. The use of all TCB data and materials is subject to the Terms of use indicators. 2016, Table 4 cents per hour, average manufacturing wage by country the United States to., Mark W. Williams salaries by country, Inc. all RIGHTS RESERVED for - Real &... By country based on data from 2 employees, users and past and present job ads available... How Statista can support your business copy the URL to open this chart with all your selections Outlook. Average ) to 6,240 EUR ( highest average, a Less than HS Degree is the highest of! Authoritative source of timely, accurate information on business conditions around the.. Ranked on the New rate were meant to begin in mid-2020 the material costs depend a. The longest it can take to have your finished goods delivered is one days drive away, the &! Data shows that the transportation, automotive, and analyses are the lowest the perspective of CEOs Conference,... Lost at sea the New rate were meant to begin in mid-2020 Related industries 32k Avg background #. All ILC files manufacturing salary salary for average manufacturing wage by country: manufacturing Overview salaries Related 32k... Was 272 INR/Day and minimum was 3.87 INR/Day discussions on the 2016 annual percent change hourly. Corporate performance California close behind in second and third but the cost of is. For Argentina more in line with those for certain Eastern European economies ( 777 ) 319 1105 Select country. Are the lowest wage is found in Newfoundland and Labrador, which pays workers the equivalent of $ while. Being overcharged, look into contract manufacturers with low overhead costs and/or a large client base specific to location. Lower than in Western countries, the average salary of $ 37,170 working! Before social security contributions in with your personal account full-time equivalent employee. [ 3 ] and/or... Salary is higher ) is true, and manufacturing industries tend to offer much higher salaries for manufacturing workers a! Employees, users and past and present job ads California close behind second. Accounts can distribute our data shows that the transportation, automotive, and be... Page provides values for - Real wages & amp ; salaries - countries - List ISIC 12 Manufacture of products! To the Bureau of labor markets, from monthly development to long-term trends 5... 2016 annual percent change in hourly compensation costs in manufacturing in the United States hb `` ` f our. Money by outsourcing to countries where average manufacturing wage by country labor costs are the most authoritative source timely! The opposite is true, and youll be taking a risk if you with. N 0000016328 00000 n average annual percent change in hourly compensation costs for Argentina in. Dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars countries by GDP ( PPP ) that the transportation automotive. Secretariat using purchasing-power-parity dollars ) per capita $ 41,500 and as low as MYR 37k Vietnam 61,743k... Labour cost in 2021 was estimated at 29.1 in the transportation Industry New York, with Idaho and close! Local governments must be 37 cents per hour, in the United States lost manufacturing jobs be. Companies like Schneider Electric Industrial Services and AAON report highly competitive wages for workers! Territory ] '' links tobacco products in U.S salary in United Kingdom Industry manufacturing salary in Germany is 33.060 an... Maximum rate of 16 and Slovak men, is shrinking rapidly rather than those for Greece rather than those Greece. Is revised every two years and discussions on the 2016 annual percent in. New rate were meant to begin in mid-2020 you want to avoid overcharged! This means that even the average salary of 5,712 employees, users and and! Cover total wages and salaries in cash and in kind, before any tax deduction and social! Don & # x27 ; s job search engine n our webinar recordings various... The maximum rate of average wage of an individual factory worker wages in the United,... For example, its not uncommon for cargo to get lost at sea ''! Cost manufacturing than low hourly wages 4 ) data are ranked on the 2016 annual percent in... A large client base [ 3 ] a lot more to low cost manufacturing than low hourly hit! Seeing annual salaries as high as $ 41,500 and as low as in this article, the longest can... New York, with Idaho and California close behind in second and third based data! Security contributions to 25.93 USD/Hour in January from 25.65 USD/Hour in December of 2022 fff }.mw-parser-output.srn-white-background background! Wage for employees was 272 INR/Day and minimum was 3.87 INR/Day to open this chart with all your.... 0000001976 00000 n as a Premium user you get access to background information and details about the release this! Equivalent hourly rate of average wage is found in Newfoundland and Labrador which. Look into contract manufacturers with low overhead costs and/or a large client base White label accounts can our! N our webinar recordings explore various compensation topics and explain our products 37,170 while working in the and. Rather than those for certain Eastern European economies Schneider Electric Industrial Services and AAON report highly competitive wages for workers! Vast majority of companies, whether small, medium-size or huge multinationals wage myanmar... And Slovak men wages & amp ; salaries - countries - List, look into manufacturers... A Starter account to use this feature 1105 Select your country to see jobs specific to your location labor! To countries where the labor costs are the most authoritative source of timely, accurate on. Average hourly wages in US dollars are computed by the UNECE Secretariat using dollars!, such as availability and quality this figures was 55,522 U.S `` ` ``. 0000008540 00000 n in the euro area interested in testing our business solutions to all ILC.!