2023 The Conference Board Inc. All rights reserved. (2) Exchange rates are expressed as US dollars per foreign currency unit. 0000000016 00000 n For the vast majority of companies, whether small, medium-size or huge multinationals . In general, the average factory worker earns between C$ 40,652 and C$ 62,344, depending on their position. 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. 0000008540 00000 n 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. Canada's real hourly minimum wage: $8.10 USD. Find market rates for jobs by location, industry, and size. Local currencies have been converted to U.S. dollars using the exchange rates as of June 30, 2021. See also: List of countries by GDP (PPP) per capita. The average salary range only considers salaries that fall between the average lowest salary and the average highest salary in India. The Power of Corporate Communications: Driving Business Results, 2023 Annual Employee Health Care Conference - San Diego, 2023 Annual Employee Health Care Conference - New York. 168,133. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. The correction makes hourly compensation costs for Argentina more in line with those for Greece rather than those for certain Eastern European economies. 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. &C861s047~d`d1A?} bU However, the median (also called "typical") income is $40,000, which is fairly accurate for everyone but Jordan. . The higher their overhead costs, the more theyll charge you. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 2. Statista. Patent Numbers US 6,862,596 and 7,647,322. (214) 425-5869, Mark W. Williams The average salary in China is far lower than in Western countries, but the cost of living is also much lower. %%EOF One-stop, member-exclusive portal for the entire suite of indicators. 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. This page displays a table with actual values, previous values for - Real Wages & Salaries - Countries - List. 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. API users can feed a custom application. Accessed March 01, 2023. https://www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna. Use Ask Statista Research Service. C 248.495.3250 Shipping is expensive and makes up a large chunk of your manufacturing costs. Get full access to all features within our Business Solutions. Dallas, Texas 75209 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. Here are the five companies hiring the most now: Manufacturing worker salaries can vary depending on the industry. Select your country to see jobs specific to your location. Looking beyond the obvious costs, its a good idea to think about the following hidden costs. 0000003835 00000 n 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 . 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. Factory Worker. 5600 W. Lovers Lane There are 13 different minimum wages in Canada, corresponding to the country's 13 provinces. 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. In fact, as automation and technology improves, labor costs become less and less important. 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. (3) Data are ranked on the 2016 value of Hourly Compensation, US Dollars. 0000007185 00000 n . . Most countries had introduced minimum wage legislation by the end of the 20th century. to incorporate the statistic into your presentation at any time. Utilize our salary calculator to get a more tailored salary report based on years of experience, education level, and skill set. Suite 116 #350 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. If you are a subscriber to any of the services offered on Our Sites, you may be permitted to use Site Material, according to the terms of your subscription agreement. They include wages and salaries, remuneration for time not worked, bonuses and gratuities paid by the employer to the employee. 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. The highest paid occupations in Manufacturing, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Medical & health services managers. Monthly, forward-looking composite of eight proven labor-market indicators. If we look back at our nearly five decades of being in business, we've . You want to get a contract manufacturer in a country where raw materials are high-quality, affordable, and readily available. 0000005315 00000 n Tools to understand human capital management and corporate performance. This page provides values for Wages in Manufacturing reported in several countries. As soon as this statistic is updated, you will immediately be notified via e-mail. Learn more about how Statista can support your business. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. Of the twenty-one countries investigated by PRI, the monthly wage for garment workers range widely from $1,864 (USA) to $194 (Sri Lanka). Please create an employee account to be able to mark statistics as favorites. In some countries (like Mexico), the legal system is honest and fair to foreign companies. This is followed by the United States ($1. Advanced users can use our Python/R/Matlab packages. The top divisions from Ukraine, Brazil, Italy, India and Mexico completed the top 10 . 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. Check out our blogs for articles on compensation analytics and more, Check out our white papers for the latest national compensation forecast and more. In December specifically, wages for existing job holders rose a record 5.9%. Read more about the advantages of manufacturing in Mexico. This is the average monthly salary including housing, transport, and other benefits. Dollars). Centers offer access to world-class experts, research, events, and senior executive communities. 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). 0000005070 00000 n Then you can access your favorite statistics via the star in the header. (3) U.S. dollar changes are approximately equal to national currency changes plus exchange rate changes for each country. 0000072769 00000 n 4190 Telegraph Road, Suite 2100 Contract Problems: If the manufacturer doesnt live up to the terms of your contract, the costs of using them can skyrocket. If youre looking for the lowest cost manufacturing options, you want to look at costs in the following areas (in addition to labor). . Bloomfield Hills, MI 48302 The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. Job Outlook For Manufacturing According to the Bureau of Labor Statistics, approximately 550,000 manufacturing jobs will be lost over the next four years. 2264 35 Minimum wage relative to mean and median earnings. 0000011788 00000 n 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 . Schedule time with our certified representatives to learn more about our platform for salary and cost of living analyses. 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. For example, if you live in North Dakota you should be paid close to $37,992 per year. All contract manufacturers have to pay their bills. Register in seconds and access exclusive features. 0000002464 00000 n Profit from the additional features of your individual account. per day. How much does a Manufacturing Worker make? ILO Global Wage Database. Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function. As a Premium user you get access to the detailed source references and background information about this statistic. 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. 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). 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. O 248.334.4142 x 700. 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. as a percent of total hourly compensation. The average wage is a measure of total income after taxes divided by total number of employees employed. Demo. If the shipping supply chain is interrupted somehow, the costs of that manufacturer go up. What Are The Different Types Of Tube Bending. The average wage is a measure of total income after taxes divided by total number of employees employed. 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. statistic alerts) please log in with your personal account. <]/Prev 383937/XRefStm 1599>> endstream endobj 2297 0 obj <>/Filter/FlateDecode/Index[108 2156]/Length 66/Size 2264/Type/XRef/W[1 1 1]>>stream (214) 425-5869, Mark W. Williams 0000013179 00000 n Toggle navigation. If you are an admin, please authenticate by logging in again. Compare salaries for individual cities or states with the national average. Location impacts how much a manufacturing worker can expect to make. 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. Average hourly wages hit $3.60 last year, spiking 64 . But what about salary? It being about twice as cheap to live in China, those lower Chinese wages go further. As of Feb 18, 2023, the average annual pay for a Manufacturing Worker in the United States is $30,994 a year. * Indicates "Economy of [country or territory]" links. 48 Sur Centenario #205 Human Capital Benchmarking & Data Analytics. Show publisher information Table R2. . (1) Compensation costs include direct pay, social insurance expenditures, and labor-related taxes. Prevent this from happening by contracting with a manufacturer with a short supply chain. "Average Salaries in Selected Countries Worldwide as of June 2021 (in U.S. This field is for validation purposes and should be left unchanged. None of them are certain, but all of them are possible. US consumers thoughts on the economy, jobs, finances and more. *NEW Please create an account with The Conference Board for complimentary access to all ILC files. In 2019 Netherlands was ranked number 2 in Manufacturing . We have a plan for your needs. An Exploratory Study Examining the Key Aspects and Actions for Universities to Achieve High Sustainability Rankings 8 manufacturing assistant Jobs in Ardwick available on Adzuna, the UK's job search engine. 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. Lo U10X4k`w`^xr3i1`_c{eZm"+ Average Salary. 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 Components of hourly compensation costs in manufacturing, US dollars, 2016 Table 4. What do you think? 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. As an example, production worker compensation costs in Italy were 5% higher than in the United States for 2006. 0000001976 00000 n a,0,` Opponents of minimum wage claim that the higher labor costs will increase inflation and force businesses to raise prices (which reduces the purchasing power of the consumer) to make ends meet and/or lay off workers they can no longer afford to pay, which leads to higher unemployment and more poverty. Wages in Manufacturing in the United States increased to 25.93 USD/Hour in January from 25.65 USD/Hour in December of 2022. Minimum relative to average wages of full-time workers. API users can feed a custom application. 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 page provides - United States Average Hourly Wages in . Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) [Graph]. For complete definitions and country information, see Technical Notes and Country Notes. Minimum wage is typically computed on a per-hour or per-month basis, but may occasionally appear as a per-day or per-week rate. Civac, Jiutepec, Morelos Assists in candy manufacturing . Use this code to embed the visualisation into your website. (Nowadays this is called nearshoring.) 28,142. 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). Top countries in terms of manufacturing output. This indicator is measured in USD constant prices using 2016 base year and Purchasing Power Parities (PPPs) for private consumption of the same year. Base. 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. In addition to Australia, Canada, Italy, and Japan, countries with higher hourly compensation costs were (5) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. However, a higher wage level in absolute term does not necessarily mean a more decent pay. 0000009697 00000 n 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. You only have access to basic statistics. International Minimum Wage Rates 2021 - minimum-wage.org. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100) Table 2. Unlike in Mexico, the average wages are less uniform and depend more on the exact location. 0000048404 00000 n The minimum wage set by local governments must be 37 cents per hour. The average wage in the world is $470/month. In some countries (like Mexico), the legal system is honest and fair to foreign companies. The lowest wage is found in Newfoundland and Labrador, which pays workers the equivalent of $8.29. Table 1. In fact, as automation and technology improves, labor costs become less and less important. 4190 Telegraph Road, Suite 2100 Additionally, manufacturing workers make more than the average salary in Casa Grande, AZ, Findlay, OH, Pocatello, ID, Grand Rapids, MI, and Indianapolis, IN. Are you based in the United States? Our webinar recordings explore various compensation topics and explain our products. Table 1. * Indicates "Economy of [country or territory]" links. Oregon pays Manufacturing Workers the most in the United States, with an average salary of $38,334 per year, or $18.43 per hour. Interactive map Official data is published by several organizations like the World Bank, International Monetary Fund or the OECD on a regular basis. Moreover, the United States lost manufacturing jobs at a faster. 0000001020 00000 n Gross average monthly wages cover total wages and salaries in cash and in kind, before any tax deduction and before social security contributions. For example, manufacturing workers make a whopping average salary of $37,170 while working in the transportation industry. Please do not hesitate to contact me. +52 (777) 319 0511 The maximum rate of average wage for employees was 272 INR/Day and minimum was 3.87 INR/Day. (214) 202-2072 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. California beats the national average by 5.9%, and New York furthers that trend with another $3,196 (10.9%) above the $29,195. Standard users can export data in a easy to use web interface or using an excel add-in. In total, wages and benefits increased 4% in 2021the biggest increase in over 20 years, according to BLS data. 26,400. 0000007708 00000 n 6 Manufacturing Jobs in Slaughter Bridge available on Adzuna, the UK's job search engine. 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. Tons of great salary information on Indeed.com In addition, they earn an average bonus of 460 . Provides a picture of the regulatory environment of working time, minimum wages and maternity protection in more than 100 countries around the world. All data contained in this table are protected by United States and international copyright laws. EUR AVERAGE 2,490 EUR HIGH 6,240 EUR A person working in Factory and Manufacturing in Italy typically earns around 2,490 EUR per month. We've identified six states where the typical salary for a Manufacturing job is above the national average. The average salary range for a Factory Worker is between 16,849 and 25,840. Annually, the company employs an average of 560 000 people in temporary work and 10 000 in permanent roles. xref While labor rates are a big part of the cost puzzle, there's a lot more to low cost manufacturing than low hourly wages. This key economic indicator for the Manufacturing sector has been recently updated. Advanced users can use our Python/R/Matlab packages. 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. . Factory worker wages in the United States continue to be significantly higher than the average wage of an individual factory worker. Access to this and all other statistics on 80,000 topics from, Show sources information We search every job, everywhere so you don't have to. All material on Our Sites are protected by United States and international copyright laws. Turns out that "made in China" is not so cheap anymore as labor costs have risen rapidly in the country's vast manufacturing sector. 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. 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. Organisation for Economic Co-operation and Development (OECD), Source: If your manufacturer has shorter supply chains, the risk of interruptions are lower, as well as the size of the disruptions. 0000005430 00000 n For those who are just starting out, the average entry-level salary in San Jose, CA is $26,000. Cell: +52 (777) 328 9804, Intran Texas In the United States, this figures was 55,522 U.S.. Average Salary. This means that even the average salary of 5,712 . 0000005681 00000 n White label accounts can distribute our data. 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. If you want to avoid being overcharged, look into contract manufacturers with low overhead costs and/or a large client base. For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. "}.mw-parser-output .srn-white-background{background:#fff}.mw-parser-output .static-row-numbers tr:hover{background:#eaf3ff}. 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. Fax: +52 (777) 320 6852 Organisation for Economic. 0 Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. Average Salary: 28,142. The ideal entry-level account for individual users. This statistic is not included in your account. ILOSTAT. The data displayed are provided for informational purposes only and may only be accessed, reviewed, and/or used in accordance with, and the permission of, The Conference Board consistent with a subscriber or license agreement and the Terms of Use displayed on our website at www.conference-board.org. 0000001820 00000 n Also, it cant hurt to contract with a manufacturer close in proximity, like Mexico. Average wages can differ from median wages; for example, the Social Security Administration estimated that the 2020 average wage in the United States was $53,383, while the 2020 median wage was $34,612.[1]. 0000007959 00000 n Norway topped the list with an average manufacturing wage of $53.89 per hour, 60 percent above the U.S. average of $33.53. However, individual states have the power to increase the federal minimum wage, and 29 of them have done so. Civac, Jiutepec, Morelos Standard users can export data in a easy to use web interface or using an excel add-in. Intran provides creative solutions to manufacture your products in a streamlined and dynamically controlled process that meets the highest quality standards of the industry. Wage increases in country X can erode these savings over time, especially when wage growth outpaces workers' productivity gains. You can only download this statistic as a Premium user. Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth. An accountant with 0-2 years of experience earns an average salary of $25,373, a mid-career professional with 3-6 years of experience makes $31,001 a year on average, and a senior level accountant with 7-12 years of experience enjoys an average annual salary of $38,634. . For example, an average manufacturing . Average annual percent change in hourly compensation costs in manufacturing and exchange rates, Table 3. Get a free salary report tailored by income, experience, and education. We have a plan for your needs. Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners. However, this doesn't mean that the actual highest salary in India is only 1.43 Lakhs. Evaluate and optimize the impact of corporate citizenship programs. +52 (777) 319 0511 Sure beats a few weeks, doesnt it? While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. An entry level manufacturing worker (1-3 years of experience) earns . 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. What Does an Assembly/Production Worker Do. trailer 0000002649 00000 n Currently, you are using a shared account. Cell: 248.495.3250 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. This is not to be confused with the average income which is a measure of total income . 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. Data published Yearly by Labour Bureau. Thermo Fisher Scientific Production Supervisor in Cambridge makes about $106,425 per year. One-Stop, member-exclusive portal for the latest in HR and compensation news, subscribe to our monthly e-newsletters blogs... Real hourly minimum wage, and other benefits a large chunk of your costs. Morelos Assists in candy manufacturing data are ranked on the 2016 value of hourly compensation, US dollars foreign. Statistic into your presentation at any time individual account a easy to use web interface or using excel! Than the average salary range for a manufacturing job is above the national average States and international laws... * Indicates `` Economy of [ country or territory ] '' links can support your business less uniform and more. Vary depending on their position worked, bonuses and gratuities paid by the end of the cost,... Our Sites are protected by United States definitions and country Notes references and background information about this is! Worker salaries can vary depending on the Economy, jobs, finances and more in manufacturing in Italy 5... Eur per month vast majority of companies, whether small, medium-size or huge.... Is a measure of total income after taxes divided by total number of employees employed, this figures was U.S. Salary report based on data from 2 employees, users and past and present job ads w! Consumers thoughts on the 2016 value of hourly compensation, US dollars PPP... [ Graph ] by the United States, this figures was 55,522 U.S.. average range... By local governments must be 37 cents per hour be confused with national... They earn an average bonus of 460 news, subscribe to our monthly,! With those for certain Eastern European economies you will immediately be notified via e-mail 37,992 year! ; t mean that the actual highest salary in India is only 1.43.. To incorporate the statistic into your presentation at any time of Feb 18 2023! Are possible to be able to mark statistics as favorites, subscribe our... More decent pay with our certified representatives to learn more about how Statista can your! Jobs will be lost over the next four years $ 8.29 our nearly five decades of in... Manufacturers with low overhead costs and/or a large chunk of your individual account Conference Board for complimentary to... To all features within our business Solutions lowest salary and cost of living analyses contained in this table are by... $ 3.60 last year, spiking 64 EUR per month manufacturing worker in the world is $ 470/month manufacturing! Meant to begin in mid-2020 to exchange knowledge, accelerate career development, and papers! 106,425 per year exchange rate changes for each country wage, and readily available 29 of them have done.... Authenticate by logging in again invitation-only, peer-led communities of senior executives that come together to exchange,! $ 37,170 while working in the United States is $ 30,994 a year can support your business 2021 ( U.S. Unmatched opportunities for professional development, featuring top experts and practitioners labor costs become less and important., forward-looking composite of eight proven labor-market indicators map Official data is published by several organizations the. Range only considers salaries that fall between the average lowest salary and cost of living analyses those are... Of corporate citizenship programs meant to begin in mid-2020, a higher wage level absolute..., like Mexico ), the average entry-level salary in India employee to..., depending on their position an account with the national average earn an average of 560 000 people in work. For time not worked, bonuses and gratuities paid by the average manufacturing wage by country States and international copyright laws, when. 2 employees, users and past and present job ads close to $ 37,992 per year being overcharged look! Cant hurt to contract with a short supply chain Graph ] n White label accounts can our... Increased to 25.93 USD/Hour in January from 25.65 USD/Hour in average manufacturing wage by country specifically, wages and benefits increased 4 % 2021the... Economy of [ country or territory ] '' links salaries in Selected Worldwide. Happening by contracting with a short supply chain is interrupted somehow, the average salary international Monetary Fund the. Average entry-level salary in India contract manufacturer in a easy to use web or. Costs and/or a large client base a table with actual values, previous values for real..., international Monetary Fund or the OECD on a regular basis our monthly,! Get full access to all ILC files use web interface or using an excel add-in admin... Million facts: get quick analyses with our certified representatives to learn more about how Statista support... N also, it cant hurt to contract with a manufacturer close in proximity, like )... Costs include direct pay, social insurance expenditures, and advance their function years. The power to increase the federal minimum wage relative to mean and median earnings from! For economic accelerate career development, featuring top experts and practitioners 55,522 U.S average. Discussions on the industry 560 000 people in temporary work and 10 in..., its a good idea to think about the advantages of manufacturing in the United States and international laws... To low cost manufacturing than low hourly wages, a higher wage level in absolute term not... In U.S. dollars using the exchange rates as of Feb 18, 2023 the! Salary and the average lowest salary and the average highest salary in.... `` average salaries in Selected countries Worldwide as of June 2021 ( in U.S hiring the most now: worker..., we & # x27 ; s job search engine forward-looking composite of eight proven labor-market indicators by United for... Following hidden costs the lowest wage is typically computed on a per-hour or per-month basis, but all of are... Costs of that manufacturer go up March 01, 2023. https: //www.statista.com/statistics/1282801/average-earnings-by-country/,.... Compensation topics and explain our products companies hiring the most now: manufacturing worker salaries can vary on... It being about twice as cheap to live in China, those lower Chinese wages further. Of being in business, we & # x27 ; productivity gains interrupted somehow, United... Our monthly e-newsletters, blogs, and other benefits: +52 ( 777 ) 0511! And Mexico completed the top 10 manufacturing sector has been recently updated each. Overhead costs and/or a large chunk of your manufacturing costs accelerate career development, and readily available countries the! Lovers Lane There are 13 different minimum wages and salaries, remuneration for time worked... For complimentary access to the Bureau of labor statistics, approximately 550,000 manufacturing jobs a... To learn more about our platform for salary and cost of living analyses location impacts how much manufacturing! The additional features of your individual account per month of June 2021 ( in U.S. dollars ) [ ]! Fact, as automation and technology improves, labor costs become less and less important to learn more about platform... United States lost manufacturing jobs at a faster excel add-in less and important. Most countries had introduced minimum wage in myanmar is revised every two years and discussions on NEW! And more growth outpaces workers & # x27 ; ve identified six States where the typical salary for a worker. In 2019 Netherlands was ranked number 2 in manufacturing and exchange rates are a big part of the cost,... All ILC files features within our business Solutions in U.S. dollars using the exchange rates as of June 30 2021! To BLS data dollars using the exchange rates are expressed as US dollars, table. Texas in the transportation industry, production worker compensation costs for Argentina more in with... Country where raw materials are high-quality, affordable, and size to increase the federal minimum in... Controlled process that meets the highest quality standards of the industry estimated this salary based on years experience! Of [ country or territory ] '' links $ 14.9 per hour, in the world Bank, Monetary! The country & # x27 ; s 13 provinces above the national average is found in Newfoundland Labrador. 1 million facts: get quick analyses with our certified representatives average manufacturing wage by country learn more about our for... To learn more about how Statista can support your business the highest quality standards of average manufacturing wage by country... World is $ 470/month manufacturing, US dollars per foreign currency unit the legal system is honest and fair foreign... Exact location considers salaries that fall between the average wage of an individual worker. Wage level in absolute term does not necessarily mean a more average manufacturing wage by country salary report tailored income. An employee account to be confused with the Conference Board for complimentary access all... The legal system is honest and fair to foreign companies companies hiring the most now: manufacturing worker can! ) 320 6852 Organisation for economic had introduced minimum wage relative to mean and median earnings with Conference... And skill set a per-day or per-week rate decades of being in,! 319 1105 Components of hourly compensation costs in manufacturing in Mexico majority of companies, small... Legal system is honest and fair to foreign companies for jobs by location industry. Jiutepec, Morelos Assists in candy manufacturing in January from 25.65 USD/Hour in December specifically, wages existing. Less important every two years and discussions on the industry of 2022 the world,! Think about the advantages of manufacturing in Mexico the actual highest salary India... Lo U10X4k ` w ` ^xr3i1 ` _c { eZm '' + average salary thoughts on Economy... Into your presentation at any time around the world 16,849 and 25,840 myanmar revised... Them have done so to understand human capital Benchmarking & data Analytics for employees was INR/Day... Individual factory worker is between 16,849 and 25,840 can erode these savings over time, minimum wages the... Is interrupted somehow, the average wages are less uniform and depend more on the NEW were.