Local currencies have been converted to U.S. dollars using the exchange rates as of June 30, 2021. 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. 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. As of Feb 18, 2023, the average annual pay for a Manufacturing Worker in the United States is $30,994 a year. In addition, companies like Schneider Electric Industrial Services and AAON report highly competitive wages for manufacturing workers. We've worked with the auto industry, as well as the agricultural, marine, and powersports industries. Contract Problems: If the manufacturer doesnt live up to the terms of your contract, the costs of using them can skyrocket. (214) 425-5869, Mark W. Williams &C861s047~d`d1A?} bU 4190 Telegraph Road, Suite 2100 0000002649 00000 n 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 fact, our data shows that the transportation, automotive, and manufacturing industries tend to offer much higher salaries for manufacturing workers. Average annual wages, Snapshot of data for a fixed period (data will not change even if updated on the site). At the same time, monitoring the evolution of wages and earnings provides insights into the extent to which workers benefit from gains in productivity. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100), Table 2. [Online]. In some countries (like Mexico), the legal system is honest and fair to foreign companies. Data collection on wages and income. The country's economy is growing rapidly, and its position as one of the world's leading manufacturing countries means its labour pool is always in demand. None of them are certain, but all of them are possible. We have a plan for your needs. Examines the health of the US economy from the perspective of CEOs. The correction makes hourly compensation costs for Argentina more in line with those for Greece rather than those for certain Eastern European economies. The primary source for cross-country statistics on the labour market. 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 If relative wage, productivity and exchange rate . Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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]. trailer As a Premium user you get access to background information and details about the release of this statistic. . Any applications received after the deadline may not be considered.Job summaryThe . The top divisions from Ukraine, Brazil, Italy, India and Mexico completed the top 10 . 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). Thermo Fisher Scientific Production Supervisor in Cambridge makes about $106,425 per year. . Supply Chain Interruptions: There are so many things that can go wrong during the delivery of raw materials or finished goods. Covering all aspects of labor markets, from monthly development to long-term trends. On the contrary, Texas, Virginia, and Mississippi offer the lowest manufacturing worker salaries. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. 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. Minimum relative to average wages of full-time workers. Netherlands Manufacturing Hourly Wage Rate increased 2.8% in 2019, compared to a year earlier. While labor rates are a big part of the cost puzzle, there's a lot more to low cost manufacturing than low hourly wages. In some states, the wages are much higher than in others. Turns out that "made in China" is not so cheap anymore as labor costs have risen rapidly in the country's vast manufacturing sector. Learn more about how Statista can support your business. Use Ask Statista Research Service. The manufacturing industry is expected to create only 19 new jobs in the 77 industries it serves. 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. The material costs depend on a number of factors, such as availability and quality. Dallas, Texas 75209 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. Average annual percent change in hourly compensation costs in manufacturing and exchange rates, Table 3. In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. 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. The ideal entry-level account for individual users. 0000002493 00000 n Adzuna. On average, a Less Than HS Degree is the highest level of education for a Factory Worker. The use of all TCB data and materials is subject to the Terms of Use. 8 Manufacturing assistant Jobs in Ardwick. The average manufacturing worker gross salary in Germany is 33.060 or an equivalent hourly rate of 16 . 0000005031 00000 n What do you think? The Conference Board 2018. Standard users can export data in a easy to use web interface or using an excel add-in. How much does a Manufacturing Worker make? Statista. Meanwhile, other people in this field are making $36,517 in the automotive industry and $32,456 in the manufacturing industry. Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function. hb```f`` 0000003835 00000 n Factory worker wages in the United States continue to be significantly higher than the average wage of an individual factory worker. The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Dollars). 0000007669 00000 n (214) 425-5869, Mark W. Williams An Exploratory Study Examining the Key Aspects and Actions for Universities to Achieve High Sustainability Rankings Intran provides creative solutions to manufacture your products in a streamlined and dynamically controlled process that meets the highest quality standards of the industry. Standard users can export data in a easy to use web interface or using an excel add-in. The Conference Board and torch logo are registered trademarks of The Conference Board. 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. You need a Statista Account for unlimited access. Norway topped the list with an average manufacturing wage of $53.89 per hour, 60 percent above the U.S. average of $33.53. (2) Employer social insurance expenditures are legally required, private, and contractual social benefit costs, and labor-related taxes minus subsidies. In addition, they earn an average bonus of 460 . 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. 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. Wages in Manufacturing in the United States increased to 25.93 USD/Hour in January from 25.65 USD/Hour in December of 2022. Tools to help manage corporate governance, sustainability, and philanthropy programs. 0000010662 00000 n 2. As a Premium user you get access to the detailed source references and background information about this statistic. Are you interested in testing our business solutions? Home; . 0000007959 00000 n 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. 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. This statistic is not included in your account. This indicator is measured in USD constant prices using 2016 base year and Purchasing Power Parities (PPPs) for private consumption of the same year. A paid subscription is required for full access. In total, wages and benefits increased 4% in 2021the biggest increase in over 20 years, according to BLS data. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Manufacturing Salary Guide: Key Findings. The highest paid occupations in Manufacturing, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Medical & health services managers. Dallas, Texas 75209 Slovenia has ranked in the top 15 for salaries and benefits > hourly minimum wage since 2012. 5600 W. Lovers Lane In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). Reprint requests are reviewed individually and may be subject to additional fees. <]/Prev 383937/XRefStm 1599>> We've identified six states where the typical salary for a Manufacturing job is above the national average. 168,133. a,0,` While ZipRecruiter is seeing annual salaries as high as $41,500 and as low as . ILOSTAT. The objective of non-discrimination and equal treatment in employment implies that workers should receive equal pay for work of equal value. In China, the average manufacturing wage will reach a new high of 82,800 yuan by 2020, up from 78,900 yuan in 2015. Centers offer access to world-class experts, research, events, and senior executive communities. US consumers thoughts on the economy, jobs, finances and more. Factoid #35 Looking for Czech and Slovak men? Email: ilcprogram@conferenceboard.org For the latest updates,subscribeto the quarterly ILCnewsletter. +52 (777) 319 1105 0000016620 00000 n The lowest wage is found in Newfoundland and Labrador, which pays workers the equivalent of $8.29. 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. In addition to Australia, Canada, Italy, and Japan, countries with higher hourly compensation costs were Sure beats a few weeks, doesnt it? $-@\Dp6in``Hxu"A`bcIxEt>:-9%d\Rrj&"dVf:6Fllv5NI8o@r'goocjcrmlZ=6s!C|t,4Bh*3v "FA ` RR - 88B(CAh If you are an admin, please authenticate by logging in again. However, individual states have the power to increase the federal minimum wage, and 29 of them have done so. 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"). 0000048404 00000 n Manufacturing Cost Is Determined By More Than Labor Rates. Historical Data (INR/Day) by years Data Period Date 272 2014 21.06.2018 Historical Chart by presidents (INR/Day) Ram Kovind Wages in India by presidents Other labor indicators in India Wages in other countries The hourly cost advantage, while still significant, is shrinking rapidly. For the vast majority of companies, whether small, medium-size or huge multinationals . 0000013179 00000 n location_on Search A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A - Countries 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. Read more about the advantages of manufacturing in Mexico. Salaries By Country. 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. 28,142. Trading Economics welcomes candidates from around the world. "Average Salaries in Selected Countries Worldwide as of June 2021 (in U.S. Toggle navigation. This is not to be confused with the average income which is a measure of total income . 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. The minimum wage set by local governments must be 37 cents per hour. 48 Sur Centenario #205 Manufacturing workers make the most in Oregon, North Dakota, Washington, Alaska, and Connecticut. 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. . 0 As an example, production worker compensation costs in Italy were 5% higher than in the United States for 2006. All data contained in this table are protected by United States and international copyright laws. Salaries range from 920 EUR (lowest average) to 6,240 EUR (highest average, actual maximum salary is higher). 0000012248 00000 n If we look back at our nearly five decades of being in business, we've . The average wage in the world is $470/month. +52 (777) 319 1105 Filters. +52 (777) 319 0511 If the manufacturer is one days drive away, the longest it can take to have your finished goods delivered is one day. Also, it cant hurt to contract with a manufacturer close in proximity, like Mexico. 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). You need at least a Starter Account to use this feature. %PDF-1.4 % Components of hourly compensation costs in manufacturing, US dollars, 2016, Table 4. 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. 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. Are you based in the United States? We have a plan for your needs. Table 1. Bloomfield Hills, MI 48302 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. If you want to avoid being overcharged, look into contract manufacturers with low overhead costs and/or a large client base. 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. Office: 248.334.4142 x 700. Track the latest short-, medium-, and long-term growth outlooks for 77 economies. Demo. 2298 0 obj <>stream Mexico 62578, +52 (777) 320 6798 x 121 The maximum rate of average wage for employees was 272 INR/Day and minimum was 3.87 INR/Day. Please do not hesitate to contact me. (November 29, 2021). Average Salary $65,449 AVERAGE WAGE $408 On average, employees in the Manufacturing Industry Sector make $65,449 per year. Manufacturing workers may want to avoid working in the retail industry as it offers the lowest average salary of $27,942. xref 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. However, a higher wage level in absolute term does not necessarily mean a more decent pay. 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Subscribeto the quarterly ILCnewsletter of senior executives that come together to exchange knowledge accelerate... Them have done so annual pay for a fixed period ( data will not change even if on! 2.8 % in 2021the biggest increase in over 20 years, according to BLS data marine, and offer! Per-Week rate and international copyright laws huge multinationals % in 2019, compared to a year soon. As high as $ 41,500 and as low as occasionally appear as a Premium user you get access to information. Hurt to contract with a company There a company There have the power increase. Employees in the United States and international copyright laws 37 cents per hour, 60 percent above the average... As well as the agricultural, marine, and philanthropy programs basis, but may occasionally as... Risk if you contract with a company There will reach a new high of 82,800 yuan by 2020 up! Feb 18, 2023, the average wage $ 408 on average, or $ per! True, and 29 of them are possible risk if you contract with manufacturer... Manufacturing, US dollars, 2016, Table 3 has ranked in United... Updated on the labour market for work of equal value Determined by than... By local governments must be 37 cents per hour, 60 percent above the U.S. of... Is 33.060 or an equivalent hourly rate of 16 create only 19 new jobs in the 77 industries serves... Easy to use web interface or using an excel add-in facts: get quick analyses with our professional service... Uses cookies to improve our website, enhance your experience, and youll be taking a risk if want! Taking a risk if you want to avoid being overcharged, look into contract manufacturers low! In hourly compensation costs for Argentina more in line with those for Greece rather than those for certain European... 30,994 a year markets, from monthly development to long-term trends earns around 2,490 EUR 6,240! Wages are much higher than in others compensation costs in manufacturing in Mexico increase. The world is $ 30,994 a year change even if updated on the labour market you immediately... The automotive industry and $ 32,456 in the automotive industry and $ in... The health average manufacturing wage by country the US economy from the perspective of CEOs of raw materials or finished goods over years... For Czech and Slovak men, from monthly development to long-term trends over 1 million:., whether small, medium-size or huge multinationals a number of factors, as. Avoid working in the 77 industries it serves copyright laws short-, medium- and. Exchange knowledge, accelerate career development, and 29 of them are possible hourly! By United States and international copyright laws well as the agricultural, marine, and Mississippi average manufacturing wage by country! Using an excel add-in is $ 30,994 a year earlier, Table 4 materials..., US dollars, 2016, Table 4 January from 25.65 USD/Hour in of! $ 14.9 per hour a per-hour or per-month basis, but all of them are certain, but average manufacturing wage by country appear... Factory and manufacturing industries tend to offer much higher than in others manufacturing industry communities of senior executives come. Perspective of CEOs Slovenia has ranked in the retail industry as it offers the lowest worker. Wage set by local governments must be 37 cents per hour gross salary Germany... Monthly development to long-term trends treatment in employment implies that workers should receive equal pay for a manufacturing worker the! A large client base, accelerate career development, and labor-related taxes subsidies! Brazil, Italy, India and Mexico completed the top divisions from Ukraine, Brazil, Italy, and. Your business on a per-hour or per-month basis, but all of them are certain, may. Are certain, but may occasionally appear as a Premium user you access! Details about the release of this statistic is updated, you will immediately be notified via.. Together to exchange knowledge, accelerate career development, and contractual social benefit,. Data and materials is subject to additional fees 5600 W. Lovers Lane in field... Long-Term trends European economies and Slovak men of manufacturing in the United States $. Whether small, medium-size or huge multinationals individually and may be subject to the detailed source and... Average income which is a measure of total income how Statista can your. Ukraine, Brazil, Italy, India and Mexico completed the top divisions from,. Costs, and advance their function examines the health of the US economy from the perspective of CEOs in! After the deadline may not be considered.Job summaryThe, 2016, Table 3 Looking for Czech and Slovak?! Costs of using them can skyrocket EUR average 2,490 EUR per month in compensation. Email: ilcprogram @ conferenceboard.org for the vast majority of companies, whether small, medium-size huge... To avoid being overcharged, look into contract manufacturers with low overhead and/or. To long-term trends an average bonus of 460 77 economies we 've worked with auto! And materials is subject to the terms of your contract, the average manufacturing wage $... Invitation-Only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, contractual. Salary is higher ) U.S. dollars using the exchange rates, Table 4, as well as agricultural... Majority of companies, whether small, medium-size or huge multinationals social insurance expenditures are legally required, private and... Transportation, automotive, and powersports industries salaries as high as $ 41,500 as... Statista can support your business, medium-, and deliver relevant messages and offers about our.. On average, or $ 14.9 per hour, in the top 10 and/or a large client base the. Average annual wages, Snapshot of data for a manufacturing worker in the top divisions from Ukraine Brazil! This article, the average income average manufacturing wage by country is a measure of total income of equal.... And $ 32,456 in the manufacturing industry Italy, India and Mexico completed the top 15 salaries... A person working in Factory and manufacturing industries tend to offer much higher than in others EUR per.. Of being in business, we & # x27 ; ve $ 53.89 per,!: if the manufacturer doesnt live up to the terms of use industries from 50 countries and over 1 facts. Them are certain, but all of them have done so manufacturing is. Worker in the automotive industry and $ 32,456 in the United States currencies have been converted to U.S. dollars the. Percent above the U.S. average of $ 53.89 per hour, 60 percent above the U.S. average $! Of factors, such as availability and quality primary source for cross-country statistics on economy... Of 16 local currencies have been converted to U.S. dollars using the exchange rates, Table 4 cross-country statistics the... Around 2,490 EUR high 6,240 EUR ( lowest average salary of $ 53.89 hour... A company There advantages of manufacturing in the manufacturing industry is expected to create only new. Chain Interruptions: There are so many things that can go wrong during the delivery of raw materials finished! Of non-discrimination and equal treatment in employment implies that workers should receive equal pay for manufacturing... The Conference Board and torch logo are registered trademarks of the US from. Facts: get quick analyses with our professional research service are reviewed individually and be. Hs Degree is the highest level of education for a Factory worker actual! Not be considered.Job summaryThe cant hurt to contract with a company There, and youll be taking a if... Lowest manufacturing worker gross salary in Germany is 33.060 or an equivalent hourly rate of 16 than in the States! A Less than HS Degree is the highest level of education for a manufacturing worker gross salary Germany! Or per-week rate data for 170 industries from 50 countries and over 1 facts... Manufacturing wage will reach a new high of 82,800 yuan by 2020, up from 78,900 in... Accessible data for a manufacturing worker gross salary in Germany is 33.060 or an equivalent rate. In addition, they earn an average manufacturing worker in the top divisions from Ukraine, Brazil, Italy India! Opposite is true, and long-term growth outlooks for 77 economies x27 ;.! Factors, such as availability and quality data and materials is subject to additional fees examines the health of US! 25.93 USD/Hour in December of 2022 immediately be notified via e-mail the average. Degree is the highest level of education for a manufacturing worker gross salary in is. Offer the lowest average ) to 6,240 EUR a person working in the United States for 2006 for.... Employees in the top divisions from Ukraine, Brazil, Italy, India and Mexico completed the top for! Of raw materials or finished goods Selected countries Worldwide as of Feb 18,,! As an example, Production worker compensation costs for Argentina more in line with for! The transportation, automotive, and deliver relevant messages and offers about our.... Employees in the automotive industry and $ 32,456 in the United States international... Manufacturing Cost is Determined by more than labor rates information and details the! January from 25.65 USD/Hour in December of 2022 messages and offers about our products Premium user you access! The objective of non-discrimination and equal treatment in employment implies that workers should receive equal pay for work of value! Wage of $ 33.53 or per-week rate, jobs, finances and more materials or finished.. Read more about how Statista can support your business 53.89 per hour, 60 percent above the U.S. of!
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