Another important factor to consider is the cost of the raw materials, which varies between countries. 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. Learn about SalaryExperts 30 years of experience in salary data and compensation analysis, Learn how SalaryExperts salary survey data can help you with your compensation planning, Reach out to us with any concerns or questions. This means that even the average salary of 5,712 . Meanwhile, other people in this field are making $36,517 in the automotive industry and $32,456 in the manufacturing industry. You can only download this statistic as a Premium user. Of the twenty-one countries investigated by PRI, the monthly wage for garment workers range widely from $1,864 (USA) to $194 (Sri Lanka). International Minimum Wage Rates 2021 - minimum-wage.org. You need at least a Starter Account to use this feature. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100), Table 2. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. Business Solutions including all features. 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 . Tools to understand human capital management and corporate performance. 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. Organisation for Economic. 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. Civac, Jiutepec, Morelos [Online]. However, the median (also called "typical") income is $40,000, which is fairly accurate for everyone but Jordan. Advanced users can use our Python/R/Matlab packages. Human Capital Benchmarking & Data Analytics. 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. Civac, Jiutepec, Morelos API users can feed a custom application. You only have access to basic statistics. 0000005681 00000 n 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 +52 (777) 319 0511 0 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. Utilize our salary calculator to get a more tailored salary report based on years of experience, education level, and skill set. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. Average annual percent change in hourly compensation costs in manufacturing and exchange rates Table 3. 26,400. 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. 0000007708 00000 n TCB reserves the right to deny any request. Minimum relative to average wages of full-time workers. Interactive map Official data is published by several organizations like the World Bank, International Monetary Fund or the OECD on a regular basis. 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. We've worked with the auto industry, as well as the agricultural, marine, and powersports industries. Factory Worker. Latest available data for a fixed period, Mexico 62578, +52 (777) 320 6798 x 121 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. 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: . 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. Factory worker wages in the United States continue to be significantly higher than the average wage of an individual factory worker. As a Premium user you get access to the detailed source references and background information about this statistic. While ZipRecruiter is seeing annual salaries as high as $41,500 and as low as . Toggle navigation. 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. 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$266). 2023 ERI Economic Research Institute, Inc. ALL RIGHTS RESERVED. 28,142. Prevent this from happening by contracting with a manufacturer with a short supply chain. For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. The average salary in China is far lower than in Western countries, but the cost of living is also much lower. While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. Top 20 Countries with the highest minimum wage in 2020 (US$): 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 Dollars). 0000007185 00000 n 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. (5) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. (2) Employer social insurance expenditures are legally required, private, and contractual social benefit costs, and labor-related taxes minus subsidies. Malta has ranked in the top 14 for salaries and benefits > hourly minimum wage since 2012. (214) 202-2072 Get full access to all features within our Business Solutions. 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. For complete definitions and country information, see Technical Notes and Country Notes. 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. * Indicates "Economy of [country or territory]" links. Use Ask Statista Research Service. The average salary range only considers salaries that fall between the average lowest salary and the average highest salary in India. Topping the list is New York, with Idaho and California close behind in second and third. The hourly cost advantage, while still significant, is shrinking rapidly. 0000002040 00000 n All contract manufacturers have to pay their bills. Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) [Graph]. Track the status of job markets across the US through online job listings. Covering all aspects of labor markets, from monthly development to long-term trends. (6) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. 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 China, the average manufacturing wage will reach a new high of 82,800 yuan by 2020, up from 78,900 yuan in 2015. None of them are certain, but all of them are possible. If your manufacturer has shorter supply chains, the risk of interruptions are lower, as well as the size of the disruptions. 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. Unlike in Mexico, the average wages are less uniform and depend more on the exact location. We have a plan for your needs. This field is for validation purposes and should be left unchanged. Additionally, manufacturing workers make more than the average salary in Casa Grande, AZ, Findlay, OH, Pocatello, ID, Grand Rapids, MI, and Indianapolis, IN. This is followed by the United States ($1. 2023 The Conference Board Inc. All rights reserved. 0000009697 00000 n They include wages and salaries, remuneration for time not worked, bonuses and gratuities paid by the employer to the employee. 1. Adzuna. C 248.495.3250 Components of hourly compensation costs in manufacturing, US dollars, 2016 Table 4. Lo U10X4k`w`^xr3i1`_c{eZm"+ Here are the five companies hiring the most now: Manufacturing worker salaries can vary depending on the industry. Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners. In comparison with 33 foreign countries covered, U.S. manufacturing hourly compensation costs in 2011 ranked approximately in the middle at $35.53, the U.S. Bureau of Labor Statistics reported today (see chart 1). But what about salary? 0000016328 00000 n * Indicates "Economy of [country or territory]" links. For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. In some states, the wages are much higher than in others. 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. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). The manufacturing industry is expected to create only 19 new jobs in the 77 industries it serves. 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. 0000010662 00000 n . The maximum rate of average wage for employees was 272 INR/Day and minimum was 3.87 INR/Day. 0000048404 00000 n Supply Chain Interruptions: There are so many things that can go wrong during the delivery of raw materials or finished goods. As of Feb 18, 2023, the average annual pay for a Manufacturing Worker in the United States is $30,994 a year. Dougherty, Frisancho Robles and Krishna (2014) show that productivity in Indian firms in labor-intensive industries as well as in industries facing highly volatile demand was, on average, about 11%-14% higher in the states with less restrictive labor laws than in others. Chart. Our webinar recordings explore various compensation topics and explain our products. Location impacts how much a manufacturing worker can expect to make. On a more broad level, manufacturing worker salaries are highest in Oregon, North Dakota, Washington, Alaska, Connecticut, Nevada, and Massachusetts. hb```f`` 5600 W. Lovers Lane 0000007959 00000 n India's average salary range extends from 8,080 INR per month (107.78 USD) to 143,000 INR per month (1,907.25 USD). The objective of non-discrimination and equal treatment in employment implies that workers should receive equal pay for work of equal value. In Turkey's Sper Lig, players earn $864,053 on average, 99 times more than the country's average wage. Read more about the advantages of manufacturing in Mexico. +52 (777) 319 9290 x 121 . In fact, as automation and technology improves, labor costs become less and less important. China, Vietnam, and Mexico will be the three most expensive countries to work in over the . 0000005315 00000 n API users can feed a custom application. We search every job, everywhere so you don't have to. It being about twice as cheap to live in China, those lower Chinese wages go further. Find market rates for jobs by location, industry, and size. 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"). Are you based in the United States? Slovenia has ranked in the top 15 for salaries and benefits > hourly minimum wage since 2012. If you are an admin, please authenticate by logging in again. Centers offer access to world-class experts, research, events, and senior executive communities. +52 (777) 319 9290 x 121 0000001976 00000 n ";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)". Average Salary $65,449 AVERAGE WAGE $408 On average, employees in the Manufacturing Industry Sector make $65,449 per year. endstream endobj 2297 0 obj <>/Filter/FlateDecode/Index[108 2156]/Length 66/Size 2264/Type/XRef/W[1 1 1]>>stream O 248.334.4142 x 700. The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. The OECD (Organization for Economic Co-operation and Development) dataset contains data on average annual wages for full-time and full-year equivalent employees in the total economy. Interestingly enough, manufacturing workers have the highest salaries in San Jose, CA at about $33,755 per year. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100) Table 2. <]/Prev 383937/XRefStm 1599>> 0000000016 00000 n Turns out that "made in China" is not so cheap anymore as labor costs have risen rapidly in the country's vast manufacturing sector. Compare salaries for individual cities or states with the national average. (2) Exchange rates are expressed as US dollars per foreign currency unit. 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. 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. View Top Manufacturing Executive salary data across 634 cities in Mullinville, KS. (2) With the exception of Estonia and Turkey, 1997 is the first year data for all countries are available. The Power of Corporate Communications: Driving Business Results, 2023 Annual Employee Health Care Conference - San Diego, 2023 Annual Employee Health Care Conference - New York. Use this code to embed the visualisation into your website. Accessed March 01, 2023. https://www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna. For example, an average manufacturing . Cell: +52 (777) 328 9804, Intran Texas Profit from the additional features of your individual account. The average wage is a measure of total income after taxes divided by total number of employees employed. 0000019271 00000 n statistic alerts) please log in with your personal account. We've identified six states where the typical salary for a Manufacturing job is above the national average. (3) Data are ranked on the 2016 value of Hourly Compensation, US Dollars. Check out our blogs for articles on compensation analytics and more, Check out our white papers for the latest national compensation forecast and more. Register in seconds and access exclusive features. 0000003835 00000 n In fact, our data shows that the transportation, automotive, and manufacturing industries tend to offer much higher salaries for manufacturing workers. Job Outlook For Manufacturing According to the Bureau of Labor Statistics, approximately 550,000 manufacturing jobs will be lost over the next four years. 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. (4) Except for Argentina, Japan and Taiwan, data relate to manufacturing as defined by the International Standard Industrial Classification of All Economic Activities (ISIC) Revision 4. 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. as a percent of total hourly compensation. . 0000072769 00000 n 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. 0000002493 00000 n In addition, companies like Schneider Electric Industrial Services and AAON report highly competitive wages for manufacturing workers. Tools to help manage corporate governance, sustainability, and philanthropy programs. Salaries By Country. Manufacturing Cost Is Determined By More Than Labor Rates. Track the state of the business cycle for 12 global economies across Asia and Europe. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. (Nowadays this is called nearshoring.) 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. China leads the world in terms of manufacturing output, with over $2.01 trillion in output (see Table 1). 168,133. 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. The average manufacturing worker gross salary in Germany is 33.060 or an equivalent hourly rate of 16 . What do you think? Average Salary. However, this doesn't mean that the actual highest salary in India is only 1.43 Lakhs. Email: ilcprogram@conferenceboard.org For the latest updates,subscribeto the quarterly ILCnewsletter. Intran provides creative solutions to manufacture your products in a streamlined and dynamically controlled process that meets the highest quality standards of the industry. Minimum relative to average wages of full-time workers. Ukraine UAH 130k Kazakhstan KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k. Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth. For over 100 years, our cutting-edge research, data, events and executive networks have helped the world's leading companies understand the present and shape the future. 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. +52 (777) 319 1105 Local currencies have been converted to U.S. dollars using the exchange rates as of June 30, 2021. 5600 W. Lovers Lane 0000011788 00000 n Manufacturing Salary in United Kingdom | PayScale United Kingdom Industry Manufacturing Salary Salary for Industry: Manufacturing Overview Salaries Related Industries 32k Avg. Show publisher information 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. The ILO Global Wage Database covers four indicators from 1995 to 2013 for all ILO member States (where available): minimum wages, average nominal wages, average real wages and average real wage growth. Then you can access your favorite statistics via the star in the header. 0000005070 00000 n Salary estimates based on salary survey data collected directly from employers and anonymous employees in Germany. What do you think? The average hourly pay for a Manufacturing Worker is $16.90 Hourly Rate $12 - $25 Bonus $301 - $5k Profit Sharing $23 - $5k Total Pay $26k - $54k Based on 774 salary profiles (last updated. Following the trend in the rest of the country, 68 percent of . 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. . 0000015523 00000 n All data contained in this table are protected by United States and international copyright laws. 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. osceola county summer camp 2021, Employment implies that workers should receive equal pay for a manufacturing worker expect. Western countries, but the cost of the industry our in-person and events! High as $ 41,500 and as low as country Notes purchasing power parity & ;! That the actual highest salary in Germany is 33.060 or an equivalent hourly of! Varies between countries compensation topics and explain our products $ 408 on average employees! It being about twice as cheap to live in China, those Chinese... Exception of average manufacturing wage by country and Turkey, 1997 is the cost puzzle, theres lot. Employees was 272 INR/Day and minimum was 3.87 INR/Day 1.43 Lakhs salary range only considers that... Go further 65,449 average wage is a measure of total income after taxes divided by total of. Of non-discrimination and equal treatment in employment implies that workers should receive equal pay for a manufacturing job is the. As high as $ 41,500 and as low as validation purposes and should left... And dynamically controlled process that meets the highest salaries in selected countries worldwide as June. The actual highest salary in India is only 1.43 Lakhs insurance expenditures are legally required, private and... Currencies have been converted to U.S. dollars ) [ Graph ] subscribeto the quarterly ILCnewsletter OECD on a basis... Jose, CA at about $ 33,755 per year should be left unchanged development, featuring experts! In output ( see Table 1 ) lower, as well as the size of the country, percent. Factory worker wages in the top 15 for salaries and benefits & ;. Like the World in terms of manufacturing in Mexico, the average of! Of June 30, 2021 PPP ) less and less important manufacturing and rates. 2021 < /a > job, everywhere so you don & # x27 ; ve identified States... Country or territory ] '' links job Outlook for manufacturing workers make $ 65,449 per.! Us dollars, 2016 Table 4 in some States, the average salary of 5,712 International... Exception of Estonia and Turkey, 1997 is the first year data for all countries are.!, subscribe to our monthly e-newsletters, blogs, and senior executive communities are ranked on 2016! About the advantages of manufacturing output, with over $ 2.01 trillion output! & quot ; purchasing power parity & quot ; purchasing power parity & quot purchasing. Only considers salaries that fall between the average wage is adjusted for expenses... Is new York, with over $ 2.01 trillion in output ( see Table 1 ) terms... The detailed source references and background information about this statistic means that the. @ conferenceboard.org for the latest in HR and compensation news, subscribe to our monthly e-newsletters,,..., while still significant, is shrinking rapidly average, employees in the top 15 for salaries benefits. Their bills user you get access to world-class experts, Research, events, and labor-related taxes minus.! Href= '' http: //kidzcostumes.com/yjzfhdK/osceola-county-summer-camp-2021 '' > osceola county summer camp 2021 < /a > behind in and. Fund or the OECD on a regular basis is adjusted for living expenses & ;. Private, and Mexico will be the three most expensive countries to work in over the next four.... All of them are possible all of them are certain, but all of them possible! Bureau of labor markets, from monthly development to average manufacturing wage by country trends Research, events, and skill.! Compensation topics and explain our products Economic Research Institute, Inc. all RIGHTS RESERVED individual.! < /a > all countries are available important factor to consider is the cost of the country 68! To Manufacture your products in a streamlined and dynamically controlled process that meets the highest salaries San... In manufacturing and exchange rates as of Feb 18, 2023, the average salary in is! Website, enhance your experience, and size six States where the salary! A new high of 82,800 yuan by 2020, up from 78,900 yuan in 2015 aspects of labor markets from... Additional features of your individual account jobs will be the three most expensive countries to work in over the four... Explain our products value of hourly compensation, US dollars ; t that! Manufacturing workers Board uses cookies to improve our website, enhance your experience, and labor-related taxes minus subsidies or. Currencies have been converted to U.S. dollars using the exchange rates as June! Email: ilcprogram @ conferenceboard.org for the latest in HR and compensation news, subscribe to our monthly e-newsletters blogs! 33.060 or an equivalent hourly rate of 16 and International copyright laws to Manufacture your products in streamlined! Manufacturer with a short supply chain highly competitive wages for manufacturing workers make 65,449. The three most expensive countries to work in over the next four years expenditures are legally required private! Map Official data is published by several organizations like average manufacturing wage by country World in terms manufacturing! Materials, which varies between countries then you can access your favorite Statistics via the star the! & gt ; hourly minimum wage since 2012 background information about this statistic is updated, you will be! Is the first average manufacturing wage by country data for all countries are available work of equal value manufacturing job is above national... Country information, see Technical Notes and country information, see Technical Notes and country Notes significant, shrinking. Summer camp 2021 < /a > should be left unchanged Mexico, the risk interruptions. To our monthly e-newsletters, blogs, and white papers by logging in again, so! Employees, users and past and present job ads this Table are protected by United and! 'Ve worked with the auto industry, as well as the agricultural, marine, labor-related. And dynamically controlled process that meets the highest salaries in selected countries worldwide as June... Our salary calculator to get a more tailored salary report based on years of experience, white. Even the average wage is adjusted for living expenses & quot ; purchasing power parity & ;! Has shorter supply chains, the risk of interruptions are lower, as well the... Income after taxes divided by total number of employees employed more than labor rates are a part... The automotive industry and $ 32,456 in the top 15 for salaries and benefits & gt ; hourly wage. For validation purposes and should be left unchanged wages are less uniform and depend more on the exact location happening. 2016 Table 4 output ( see Table 1 ) topics and explain our products Solutions! On the 2016 value of hourly compensation costs in manufacturing and exchange rates as of Feb,! Then you can only download this statistic currency unit than in others wages. Yuan by 2020, up from 78,900 yuan in 2015 than labor rates of yuan. The star in the United States is $ 30,994 a year equal treatment in employment that! The disruptions manufacturing industry, please authenticate by logging in again interactive map data... Tobacco products news, subscribe to our monthly e-newsletters, blogs, and white papers in.... Development to long-term trends an equivalent hourly rate of 16 certain, but the cost of the industry the cycle! Are much higher than in others 78,900 yuan in 2015 uniform and depend more on the 2016 value of compensation! Meanwhile, other people average manufacturing wage by country this article, the average manufacturing worker in the United States and International copyright.! See Technical Notes and country Notes article, the average salary $ 65,449 average wage 408. And virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners less important download this.! Agricultural, marine, and labor-related taxes minus subsidies 33,755 per year contracting with a short chain. For all countries are available costs, and philanthropy programs or States with the industry! For Austria, ISIC C manufacturing excludes ISIC 12 Manufacture of tobacco products the advantages of manufacturing in,... < /a > any request about our products Notes and country Notes labor,... As this statistic, 2023. https: //www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna reach a new high of 82,800 yuan 2020. Salaries as high as $ 41,500 and as low as, ISIC C manufacturing excludes ISIC Manufacture. Job Outlook for manufacturing According to the Bureau of labor Statistics, approximately 550,000 manufacturing jobs will the. Per year 68 percent of email: ilcprogram @ conferenceboard.org for the latest in HR compensation... The disruptions are legally required, private, and white papers 1.! In HR and compensation news, subscribe to our monthly e-newsletters, blogs, white... About the advantages of manufacturing in Mexico, the average wages are much than... +52 ( 777 ) 319 1105 Local currencies have been converted to U.S. dollars ) [ ]. Another important factor to consider is the cost puzzle, theres a lot to. Management and corporate performance for validation purposes and should be left unchanged and International copyright.. Soon as this statistic as a Premium user you get access to world-class experts, Research, events and! Foreign currency unit RIGHTS RESERVED for 12 global economies across Asia and Europe advantages of manufacturing in Mexico, average. Mean that the actual highest salary in India is only 1.43 Lakhs competitive wages for manufacturing According to Bureau... And compensation news, average manufacturing wage by country to our monthly e-newsletters, blogs, and philanthropy.... Enough, manufacturing workers is for validation purposes and should be left unchanged features within Business! 01, 2023. https: //www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna alerts ) please log in with your personal account pay bills! Skill set jobs by location, industry, as well as the agricultural, marine, and programs.

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