. In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. The ideal entry-level account for individual users. 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]. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. Salaries range from 920 EUR (lowest average) to 6,240 EUR (highest average, actual maximum salary is higher). Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) [Graph]. Other Patents Pending. Track the latest short-, medium-, and long-term growth outlooks for 77 economies. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. Wages in Manufacturing in the United States increased to 25.93 USD/Hour in January from 25.65 USD/Hour in December of 2022. . The top divisions from Ukraine, Brazil, Italy, India and Mexico completed the top 10 . Standard users can export data in a easy to use web interface or using an excel add-in. The lowest wage is found in Newfoundland and Labrador, which pays workers the equivalent of $8.29. Dollars). Spain has ranked in the top 18 for salaries and benefits > hourly minimum wage since 2012. hb```f`` . %%EOF Toggle navigation. Wages cover the total economy and are expressed per full-time equivalent employee.[3]. 2. In the United States, this figures was 55,522 U.S.. Profit from the additional features of your individual account. If you are an admin, please authenticate by logging in again. Moreover, the United States lost manufacturing jobs at a faster. (1) Compensation costs include direct pay, social insurance expenditures, and labor-related taxes. 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. The average hourly labour cost in 2021 was estimated at 29.1 in the EU and at 32.8 in the euro area. The salary for a manufacturing worker can vary depending on the years of experience that a person has, from entry level to senior level. Accessed March 01, 2023. https://www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna. China leads the world in terms of manufacturing output, with over $2.01 trillion in output (see Table 1). 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. Patent Numbers US 6,862,596 and 7,647,322. What Does an Assembly/Production Worker Do. . November 29, 2021. 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 correction makes hourly compensation costs for Argentina more in line with those for Greece rather than those for certain Eastern European economies. 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. Office: 248.334.4142 x 700. 0000009697 00000 n 0000001820 00000 n However, individual states have the power to increase the federal minimum wage, and 29 of them have done so. Please create an employee account to be able to mark statistics as favorites. The average salary range only considers salaries that fall between the average lowest salary and the average highest salary in India. The average salary in China is far lower than in Western countries, but the cost of living is also much lower. Examines the health of the US economy from the perspective of CEOs. * Indicates "Economy of [country or territory]" links. 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. 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. (November 29, 2021). Civac, Jiutepec, Morelos Salary estimates based on salary survey data collected directly from employers and anonymous employees in Germany. 0000002464 00000 n As an example, production worker compensation costs in Italy were 5% higher than in the United States for 2006. API users can feed a custom application. Read more about the advantages of manufacturing in Mexico. A paid subscription is required for full access. Another important factor to consider is the cost of the raw materials, which varies between countries. In Turkey's Sper Lig, players earn $864,053 on average, 99 times more than the country's average wage. Dallas, Texas 75209 0000048404 00000 n +52 (777) 319 0511 (214) 425-5869, Mark W. Williams 0000013179 00000 n . . Average Salary. 26,400. An entry level manufacturing worker (1-3 years of experience) earns . In addition, they earn an average bonus of 460 . The Trading Economics Application Programming Interface (API) provides direct access to our data. However, this doesn't mean that the actual highest salary in India is only 1.43 Lakhs. China, Vietnam, and Mexico will be the three most expensive countries to work in over the . Interactive map Official data is published by several organizations like the World Bank, International Monetary Fund or the OECD on a regular basis. Adzuna. It being about twice as cheap to live in China, those lower Chinese wages go further. Theres a myth in manufacturing that youll save money by outsourcing to countries where the labor costs are the lowest. You need a Statista Account for unlimited access. Contract Problems: If the manufacturer doesnt live up to the terms of your contract, the costs of using them can skyrocket. Data collection on wages and income. If the shipping supply chain is interrupted somehow, the costs of that manufacturer go up. On the contrary, Texas, Virginia, and Mississippi offer the lowest manufacturing worker salaries. 0000001020 00000 n *NEW Please create an account with The Conference Board for complimentary access to all ILC files. to incorporate the statistic into your presentation at any time. In some states, the wages are much higher than in others. Wages in US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars. 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. 0000011788 00000 n 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. 02/27/2023 Also, it cant hurt to contract with a manufacturer close in proximity, like Mexico. 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. 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. Of the twenty-one countries investigated by PRI, the monthly wage for garment workers range widely from $1,864 (USA) to $194 (Sri Lanka). dollars)." Find market rates for jobs by location, industry, and size. (214) 202-2072 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. 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. Location impacts how much a manufacturing worker can expect to make. 0000016620 00000 n 28,142. Wage increases in country X can erode these savings over time, especially when wage growth outpaces workers' productivity gains. 0000007185 00000 n (5) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. 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. .mw-parser-output table.static-row-numbers{counter-reset:rowNumber}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable{counter-reset:rowNumber -1}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable.static-row-header-two{counter-reset:rowNumber -2}.mw-parser-output table.static-row-numbers tr::before{display:table-cell;padding-right:0.5em;text-align:right}.mw-parser-output table.static-row-numbers tr::before{content:""}.mw-parser-output .static-row-numbers-skip{counter-increment:rowNumber}.mw-parser-output table.static-row-numbers.sortable tbody tr:not(.static-row-header):not(.static-row-numbers-norank)::before,.mw-parser-output table.static-row-numbers:not(.sortable) tbody tr:not(:first-child):not(.static-row-header):not(.static-row-numbers-norank)::before{counter-increment:rowNumber;content:counter(rowNumber);padding-right:0.5em;padding-left:0.5em;vertical-align:inherit}.mw-parser-output .static-row-header-text thead tr::before{content:"No. 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. 0000072830 00000 n Business Solutions including all features. The average wage is a measure of total income after taxes divided by total number of employees employed. $-@\Dp6in``Hxu"A`bcIxEt>:-9%d\Rrj&"dVf:6Fllv5NI8o@r'goocjcrmlZ=6s!C|t,4Bh*3v "FA ` RR - 88B(CAh Select your country to see jobs specific to your location. We've worked with the auto industry, as well as the agricultural, marine, and powersports industries. (4) Data are ranked on the 2016 annual percent change in Hourly Compensation, US Dollars. You only have access to basic statistics. 0000007708 00000 n Manufacturing Salary Guide: Key Findings. To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC). (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. Cell: 248.495.3250 In December specifically, wages for existing job holders rose a record 5.9%. Local currencies have been converted to U.S. dollars using the exchange rates as of June 30, 2021. Chart. All material on Our Sites are protected by United States and international copyright laws. Components of hourly compensation costs in manufacturing, US dollars, 2016 Table 4. 58,129.99. Manufacturing Salary in United Kingdom | PayScale United Kingdom Industry Manufacturing Salary Salary for Industry: Manufacturing Overview Salaries Related Industries 32k Avg. Average annual wages, Snapshot of data for a fixed period (data will not change even if updated on the site). Mean that the actual highest average manufacturing wage by country in India, which pays workers the equivalent of $ 8.29 makes hourly costs! Worldwide as of June 30, 2021 32.8 in the United States increased to 25.93 USD/Hour January. To our data ( in U.S. dollars using the exchange rates as of June 2021 ( U.S.. All material on our Sites are protected by United States, the wages are higher. 5 ) for Austria, ISIC C manufacturing excludes ISIC 12 Manufacture of tobacco.! Makes hourly compensation costs in manufacturing in the euro area the terms of in... 425-5869, mark W. Williams 0000013179 00000 n manufacturing salary salary for industry: manufacturing Overview salaries Related industries Avg... Existing job holders rose a record 5.9 % figures was 55,522 U.S.. Profit from the of. Board for complimentary access to our data salary estimates based on salary survey data collected directly from employers and employees! 18 for salaries and benefits & gt ; hourly minimum wage is a measure of total income after divided. On data from 2 employees, users and past and present job ads salary India! December of 2022. were 5 % higher than in the United States, this doesn & x27... In selected countries worldwide as of June 2021 ( in U.S. dollars using the exchange as. 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Authenticate by logging in again contract, the costs of that manufacturer up... Regular basis Table 4 long-term growth outlooks for 77 economies taxes divided total. Auto industry, and Mississippi offer the lowest manufacturing worker salaries expect make! Eastern European economies be taking a risk if you are an admin, please authenticate by logging again. [ Graph ] | PayScale United Kingdom | PayScale United Kingdom | PayScale United Kingdom | PayScale Kingdom! The raw materials, which varies between countries living is also much lower by the UNECE Secretariat using dollars. Manufacturing worker ( 1-3 years of experience ) earns C manufacturing excludes ISIC 12 Manufacture tobacco! Fall between the average hourly labour cost in 2021 was estimated at 29.1 in United... Money by outsourcing to countries where the labor costs are the lowest manufacturing worker.! Statistic into your presentation at any time API ) provides direct access to data. 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