It being about twice as cheap to live in China, those lower Chinese wages go further. (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. Business Solutions including all features. Netherlands Manufacturing Hourly Wage Rate increased 2.8% in 2019, compared to a year earlier. In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. 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. As of Feb 18, 2023, the average annual pay for a Manufacturing Worker in the United States is $30,994 a year. &C861s047~d`d1A?} bU +52 (777) 319 0511 Manufacturing Worker Salaries by Country - SalaryExpert For Employers For Job Seekers About Us Resources Manufacturing Worker Salaries by Country Choose a country to view the average manufacturing worker salary, wage and benefits in that location. The average wage is a measure of total income after taxes divided by total number of employees employed. (1) Compensation costs include direct pay, social insurance expenditures, and labor-related taxes. %PDF-1.4 % In total, wages and benefits increased 4% in 2021the biggest increase in over 20 years, according to BLS data. It examines whether selected economic indicators of the manufacturing sector in the region of the Visegrad Group countries can affect the level of average wages in the sector. Check out our blogs for articles on compensation analytics and more, Check out our white papers for the latest national compensation forecast and more. Prevent this from happening by contracting with a manufacturer with a short supply chain. (4) Data are ranked on the 2016 annual percent change in Hourly Compensation, US Dollars. (3) U.S. dollar changes are approximately equal to national currency changes plus exchange rate changes for each country. If the manufacturer is one days drive away, the longest it can take to have your finished goods delivered is one day. In fact, our data shows that the transportation, automotive, and manufacturing industries tend to offer much higher salaries for manufacturing workers. Cell: +52 (777) 328 9804, Intran Texas This is followed by the United States ($1. (214) 202-2072 As an example, production worker compensation costs in Italy were 5% higher than in the United States for 2006. While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. Here are the five companies hiring the most now: Manufacturing worker salaries can vary depending on the industry. We've worked with the auto industry, as well as the agricultural, marine, and powersports industries. The federal minimum wage for tipped workers is $2.13 per hour, but again, many states have enacted their own legislation to raise that minimum. You need a Statista Account for unlimited access. In fact, as automation and technology improves, labor costs become less and less important. For complete definitions and country information, see Technical Notes and Country Notes. International Minimum Wage Rates 2021 - minimum-wage.org. Copy the URL to open this chart with all your selections. This indicator is measured in USD constant prices using 2016 base year and Purchasing Power Parities (PPPs) for private consumption of the same year. Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners. Read more about the advantages of manufacturing in Mexico. While ZipRecruiter is seeing annual salaries as high as $41,500 and as low as . 0 For the vast majority of companies, whether small, medium-size or huge multinationals . Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function. In general, the average factory worker earns between C$ 40,652 and C$ 62,344, depending on their position. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Topping the list is New York, with Idaho and California close behind in second and third. 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. If your manufacturer has shorter supply chains, the risk of interruptions are lower, as well as the size of the disruptions. 0000010662 00000 n Factory Worker. Manufacturing workers make the most in Oregon, North Dakota, Washington, Alaska, and Connecticut. If relative wage, productivity and exchange rate . However, a higher wage level in absolute term does not necessarily mean a more decent pay. Use this code to embed the visualisation into your website. Table 1. 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. California beats the national average by 5.9%, and New York furthers that trend with another $3,196 (10.9%) above the $29,195. The material costs depend on a number of factors, such as availability and quality. 2023 The Conference Board Inc. All rights reserved. In, Adzuna. You want to get a contract manufacturer in a country where raw materials are high-quality, affordable, and readily available. In some states, the wages are much higher than in others. Salaries range from 920 EUR (lowest average) to 6,240 EUR (highest average, actual maximum salary is higher). View Top Manufacturing Executive salary data across 634 cities in Mullinville, KS. 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. 5600 W. Lovers Lane 0000008540 00000 n 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. Interactive map Official data is published by several organizations like the World Bank, International Monetary Fund or the OECD on a regular basis. (214) 202-2072 Monthly, forward-looking composite of eight proven labor-market indicators. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Germany. The manufacturing industry is expected to create only 19 new jobs in the 77 industries it serves. 0000019271 00000 n This page provides values for Wages in Manufacturing reported in several countries. The average salary in China is far lower than in Western countries, but the cost of living is also much lower. 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. Local currencies have been converted to U.S. dollars using the exchange rates as of June 30, 2021. While labor rates are a big part of the cost puzzle, there's a lot more to low cost manufacturing than low hourly wages. Also, it cant hurt to contract with a manufacturer close in proximity, like Mexico. The average hourly labour cost in 2021 was estimated at 29.1 in the EU and at 32.8 in the euro area. 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. Email: ilcprogram@conferenceboard.org For the latest updates,subscribeto the quarterly ILCnewsletter. 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. Advanced users can use our Python/R/Matlab packages. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. (Nowadays this is called nearshoring.) The minimum wage set by local governments must be 37 cents per hour. Table 1. The Conference Board 2018. How much does a Manufacturing Worker make? Utilize our salary calculator to get a more tailored salary report based on years of experience, education level, and skill set. Adzuna. "Average salaries in selected countries worldwide as of June 2021 (in U.S. In Turkey's Sper Lig, players earn $864,053 on average, 99 times more than the country's average wage. +52 (777) 319 9290 x 121 Register in seconds and access exclusive features. 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. Dallas, Texas 75209 4190 Telegraph Road, Suite 2100 2264 35 What Does an Assembly/Production Worker Do. 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. Standard users can export data in a easy to use web interface or using an excel add-in. 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. The hourly cost advantage, while still significant, is shrinking rapidly. Bloomfield Hills, MI 48302 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. Manufacturing Salary Guide: Key Findings. There are 13 different minimum wages in Canada, corresponding to the country's 13 provinces. 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. White label accounts can distribute our data. This means that even the average salary of 5,712 . This field is for validation purposes and should be left unchanged. 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