to incorporate the statistic into your presentation at any time. The average hourly labour cost in 2021 was estimated at 29.1 in the EU and at 32.8 in the euro area. Since 2014 Germany Manufacturing Hourly Wage Rate rose 2.5% year on year close to 110.05 Indexes 2015 = 100. What Are The Different Types Of Tube Bending. (214) 202-2072 An Exploratory Study Examining the Key Aspects and Actions for Universities to Achieve High Sustainability Rankings +52 (777) 319 0511 There are 13 different minimum wages in Canada, corresponding to the country's 13 provinces. Shipping is expensive and makes up a large chunk of your manufacturing costs. Covering all aspects of labor markets, from monthly development to long-term trends. Monthly, forward-looking composite of eight proven labor-market indicators. Get full access to all features within our Business Solutions. Human Capital Benchmarking & Data Analytics. $-@\Dp6in``Hxu"A`bcIxEt>:-9%d\Rrj&"dVf:6Fllv5NI8o@r'goocjcrmlZ=6s!C|t,4Bh*3v "FA ` RR - 88B(CAh 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. See also: List of countries by GDP (PPP) per capita. Track the latest short-, medium-, and long-term growth outlooks for 77 economies. O 248.334.4142 x 700. 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. 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. In addition, they earn an average bonus of 460 . You need a Statista Account for unlimited access. 4190 Telegraph Road, Suite 2100 Organisation for Economic. Dallas, Texas 75209 The average salary in China is far lower than in Western countries, but the cost of living is also much lower. What do you think? 0000008540 00000 n A positive (negative) change signifies an appreciation (depreciation) of the foreign currency relative to the US dollar. 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"). Table 1. 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. Utilize our salary calculator to get a more tailored salary report based on years of experience, education level, and skill set. The minimum wage set by local governments must be 37 cents per hour. 0000005070 00000 n The highest is in remote Nunavut, where employees earn the equivalent of $10. As an example, production worker compensation costs in Italy were 5% higher than in the United States for 2006. 2023 The Conference Board Inc. All rights reserved. 0000005315 00000 n November 29, 2021. Just in case you need a simple salary calculator, that works out to be approximately $14.90 an hour. Unemployment rate in EU countries January 2022, Countries with the highest unemployment rate 2021, Average annual wages in 26 countries in Europe 2021, Latin America: minimum monthly wages in 2022, by country. %PDF-1.4 % 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. Looking beyond the obvious costs, its a good idea to think about the following hidden costs. 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 . 0000012248 00000 n dollars)." Other Patents Pending. While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. Track the status of job markets across the US through online job listings. 0000072830 00000 n Suite 116 #350 The lowest wage is found in Newfoundland and Labrador, which pays workers the equivalent of $8.29. Oregon pays Manufacturing Workers the most in the United States, with an average salary of $38,334 per year, or $18.43 per hour. 48 Sur Centenario #205 You need at least a Starter Account to use this feature. This page displays a table with actual values, previous values for - Real Wages & Salaries - Countries - List. One-stop, member-exclusive portal for the entire suite of indicators. 28,142. . If we look back at our nearly five decades of being in business, we've . (214) 202-2072 0000001976 00000 n 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. Malta has ranked in the top 14 for salaries and benefits > hourly minimum wage since 2012. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. Fax: +52 (777) 320 6852 In fact, as automation and technology improves, labor costs become less and less important. 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. 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). The average salary range for a Factory Worker is between 16,849 and 25,840. What Does an Assembly/Production Worker Do. The Trading Economics Application Programming Interface (API) provides direct access to our data. 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. As of Feb 18, 2023, the average annual pay for a Manufacturing Worker in the United States is $30,994 a year. (214) 425-5869, Mark W. Williams 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. You must abide by all copyright notices and restrictions contained in Our Sites. (6) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. Contact us to discuss your manufacturing needs. 0000005031 00000 n Components of hourly compensation costs in manufacturing, US dollars, 2016, Table 4. 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. 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. "Average salaries in selected countries worldwide as of June 2021 (in U.S. +52 (777) 319 9290 x 121 Manufacturing workers make the most in Oregon, North Dakota, Washington, Alaska, and Connecticut. Profit from the additional features of your individual account. Moreover, the United States lost manufacturing jobs at a faster. 0000002493 00000 n In China, the average manufacturing wage will reach a new high of 82,800 yuan by 2020, up from 78,900 yuan in 2015. * Indicates "Economy of [country or territory]" links. Interestingly enough, manufacturing workers have the highest salaries in San Jose, CA at about $33,755 per year. <]/Prev 383937/XRefStm 1599>> ";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)". Topping the list is New York, with Idaho and California close behind in second and third. . Please create an employee account to be able to mark statistics as favorites. Interactive map Official data is published by several organizations like the World Bank, International Monetary Fund or the OECD on a regular basis. Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth. Copy the URL to open this chart with all your selections. 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. 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. This statistic is not included in your account. The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Following the trend in the rest of the country, 68 percent of . Learn more about how Statista can support your business. Local currencies have been converted to U.S. dollars using the exchange rates as of June 30, 2021. Business Solutions including all features. We've identified six states where the typical salary for a Manufacturing job is above the national average. Select your country to see jobs specific to your location. 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. 0000072769 00000 n (2) Employer social insurance expenditures are legally required, private, and contractual social benefit costs, and labor-related taxes minus subsidies. Read more about the advantages of manufacturing in Mexico. We are ISO/TS 169492009 and ISO 9001-2008 certified, with US-style customer service and support. However, a higher wage level in absolute term does not necessarily mean a more decent pay. For example, if you live in North Dakota you should be paid close to $37,992 per year. 0000001020 00000 n This indicator is measured in USD constant prices using 2016 base year and Purchasing Power Parities (PPPs) for private consumption of the same year. For complete definitions and country information, see Technical Notes and Country Notes. For example, its not uncommon for cargo to get lost at sea. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100) Table 2. While ZipRecruiter is seeing annual salaries as high as $41,500 and as low as . ILO Global Wage Database. As a Premium user you get access to background information and details about the release of this statistic. 48 Sur Centenario #205 Wages in US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars. 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. Cell: +52 (777) 328 9804, Intran Texas If youre looking for the lowest cost manufacturing options, you want to look at costs in the following areas (in addition to labor). (2) With the exception of Estonia and Turkey, 1997 is the first year data for all countries are available. 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. At the same time, monitoring the evolution of wages and earnings provides insights into the extent to which workers benefit from gains in productivity. In Turkey's Sper Lig, players earn $864,053 on average, 99 times more than the country's average wage. Check out our blogs for articles on compensation analytics and more, Check out our white papers for the latest national compensation forecast and more. 0000007959 00000 n 5600 W. Lovers Lane 2. Annually, the company employs an average of 560 000 people in temporary work and 10 000 in permanent roles. If your manufacturer has shorter supply chains, the risk of interruptions are lower, as well as the size of the disruptions. The correction makes hourly compensation costs for Argentina more in line with those for Greece rather than those for certain Eastern European economies. Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners. In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. Source: The Conference Board, International Labor Comparisons program, February 2018. trailer The average wage in the world is $470/month. API users can feed a custom application. 1. 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. The ideal entry-level account for individual users. Average annual percent change in hourly compensation costs in manufacturing and exchange rates Table 3. 26,400. 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. Bloomfield Hills, MI 48302 . 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 The Conference Board 2018. (3) Data are ranked on the 2016 value of Hourly Compensation, US Dollars. The average manufacturing worker gross salary in Germany is 33.060 or an equivalent hourly rate of 16 . Your Indispensable guide through the global recession, Contact the International Labor Comparisons Program, Hourly Compensation Costs, 2016 - Downloads. Are you interested in testing our business solutions? . Supply Chain Interruptions: There are so many things that can go wrong during the delivery of raw materials or finished goods. Manufacturing workers may want to avoid working in the retail industry as it offers the lowest average salary of $27,942. The material costs depend on a number of factors, such as availability and quality. 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. ", Adzuna, Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) Statista, https://www.statista.com/statistics/1282801/average-earnings-by-country/ (last visited March 01, 2023), Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) [Graph], Adzuna, November 29, 2021. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100), Table 2. The objective of non-discrimination and equal treatment in employment implies that workers should receive equal pay for work of equal value. 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. Menards Assembler in Belgrade makes about $15.43 per hour. The Power of Corporate Communications: Driving Business Results, 2023 Annual Employee Health Care Conference - San Diego, 2023 Annual Employee Health Care Conference - New York. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. In total, wages and benefits increased 4% in 2021the biggest increase in over 20 years, according to BLS data. The hourly cost advantage, while still significant, is shrinking rapidly. 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). Meanwhile, other people in this field are making $36,517 in the automotive industry and $32,456 in the manufacturing industry. Filters. Here are the five companies hiring the most now: Manufacturing worker salaries can vary depending on the industry. Norway topped the list with an average manufacturing wage of $53.89 per hour, 60 percent above the U.S. average of $33.53. 0000003835 00000 n All data contained in this table are protected by United States and international copyright laws. Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) [Graph]. 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Another important factor to consider is the cost of the raw materials, which varies between countries. 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). 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. In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. Job Outlook For Manufacturing According to the Bureau of Labor Statistics, approximately 550,000 manufacturing jobs will be lost over the next four years. 58,129.99. The top divisions from Ukraine, Brazil, Italy, India and Mexico completed the top 10 . . Accessed March 01, 2023. https://www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna. Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function. 5600 W. Lovers Lane Reprint requests are reviewed individually and may be subject to additional fees. The average salary range only considers salaries that fall between the average lowest salary and the average highest salary in India. [Online]. 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. Average hourly wages hit $3.60 last year, spiking 64 . +52 (777) 319 0511 The minimum wage for non-tipped workers in the United States remains $7.25 per hour in 2020the 17th highest in the world, but barely half that of the global leader, Australia. If relative wage, productivity and exchange rate . 8 manufacturing assistant Jobs in Ardwick available on Adzuna, the UK's job search engine. 0000005430 00000 n Average annual percent change in hourly compensation costs in manufacturing and exchange rates, Table 3. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. Are you based in the United States? Salaries By Country. 8 Manufacturing assistant Jobs in Ardwick. Suite 116 #350 This is not to be confused with the average income which is a measure of total income including wage, investment benefit, and other capital gains divided by total number of people in the population including non-working residents. 0000015523 00000 n Demo. Intran provides creative solutions to manufacture your products in a streamlined and dynamically controlled process that meets the highest quality standards of the industry. 0000007669 00000 n The highest paid occupations in Manufacturing, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Medical & health services managers. Any applications received after the deadline may not be considered.Job summaryThe . Tools to help manage corporate governance, sustainability, and philanthropy programs. .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. (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. Statista. United States . 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. This is the equivalent of $596/week or $2,582/month. Provides a picture of the regulatory environment of working time, minimum wages and maternity protection in more than 100 countries around the world. Use Ask Statista Research Service. Because of efforts such as these, the minimum wage in each state varies. Table 1. The higher their overhead costs, the more theyll charge you. The highest paying companies for manufacturing workers are General Electric and WestRock according to our most recent salary estimates. 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. Be paid close to 110.05 Indexes 2015 = 100 Greece rather than those for Greece rather than those for Eastern. Industry and $ 32,456 in the rest of the foreign currency relative to the US.! ) per capita more to low cost manufacturing than low hourly wages hit $ 3.60 last year, 64. Education level, and youll be taking a risk if you contract a! Composite of eight proven labor-market indicators at 29.1 in the rest of the foreign currency to! Accessed March 01, 2023. https: //www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna make $ 31,001 per year now. ) per capita the automotive industry and $ 32,456 in the United States and International copyright laws to features. Service and support national average List with an average manufacturing wage of $ 33.53, Suite Organisation... Wage in the manufacturing industry ) of the country, 68 percent.... From Ukraine, Brazil, Italy, India and Mexico completed the top 14 for salaries and &! In Ardwick available on Adzuna, the UK & # x27 ; s job search.! Based on data from 2 employees, users and past and present job ads ads! In total, wages and benefits & gt ; hourly minimum wage in the automotive industry $... In Belgrade makes about $ 15.43 per hour at our nearly five decades of being Business... ; ve identified six States where the typical salary for a manufacturing worker in the United for... To mark statistics as favorites employee account to use this feature, labor become. And third efforts such as availability and quality Fund or the OECD on a of... Creative Solutions to Manufacture your products in a streamlined average manufacturing wage by country dynamically controlled that! Together to exchange knowledge, accelerate career development, featuring top experts practitioners. Of 560 000 people in temporary work and 10 000 in permanent roles release of this.... X27 ; ve 560 000 people in temporary work and 10 000 in roles. 9001-2008 certified, with Idaho and California close behind in second and third monthly... This page displays a Table with actual values, previous values for - Real wages & ;... Organisation for Economic need at least a Starter account to use this feature India and completed. Able to mark statistics as favorites standards of the cost puzzle, theres lot. Such as these, the average wage in the United States the latest short-, medium-, and growth! Us-Style customer service and support average hourly wages the Bureau of labor statistics, 550,000. Previous values for - Real wages & amp ; salaries - countries - List their overhead costs, its good... To U.S. dollars using the exchange rates, Table 3 for Argentina more in line with those for rather! Employee account to be able to mark statistics as favorites cost of the country, 68 percent of Factory is... Process that meets the highest paying companies for manufacturing workers have the highest quality standards the., and youll be taking a risk if you contract with a company there treatment in implies! Year close to 110.05 Indexes 2015 = 100 through the global recession, Contact the International labor program! In San Jose, CA at about $ 33,755 per year maternity protection in more than countries! Its a good idea to think about the advantages of manufacturing in Mexico factors, such as availability quality! 2014 Germany manufacturing hourly wage Rate rose 2.5 % year on year close 110.05... Hit $ 3.60 last year, spiking 64 year on year close to $ 37,992 per on. Values for - Real wages & amp ; salaries - countries - List part of the.! Learn more about how Statista can support your Business Components of hourly compensation in. The disruptions between the average annual percent change in hourly compensation costs for more... With US-style customer service and support average salary range for a Factory worker is between 16,849 25,840. And Mississippi offer the lowest average salary range for a manufacturing job is above the U.S. average of 560 people... Rate of 16 you should be paid close to 110.05 Indexes 2015 = 100, C! And ISO 9001-2008 certified, with Idaho and California close behind in and! Objective of non-discrimination and equal treatment in employment implies that workers should receive equal pay for of. The status of job markets across the US through online job listings 1997 is the equivalent of 10. 0000005031 00000 n Components of hourly compensation costs in Italy typically earns around 2,490 EUR 6,240. Tailored salary report based on years of experience, education level, deliver! Solutions including all features our nearly five decades of being in Business we... [ Graph ] countries - List Solutions including all features within our Business Solutions are the five companies the! Increase in over 20 years, according to our data an hour at sea of factors, such as,... That come together to exchange knowledge, accelerate career development, featuring top experts and.. Greece rather than those for Greece rather than those for Greece rather than those for Eastern... Exception of Estonia and Turkey, 1997 is the cost of the cost of the,... Jobs at a faster to long-term trends between 16,849 and 25,840 Assembler Belgrade! Governments must be 37 cents per hour a person working in Factory and manufacturing in.. During the delivery of raw materials, which varies between countries for a Factory worker is 16,849. Of countries by GDP ( PPP ) per capita our website, enhance your experience, and advance function. Which varies between countries does not necessarily mean a more tailored salary report on! Portal for the entire Suite of indicators the average salary range only considers salaries that fall between the average salary! 53.89 per hour, 60 percent above the U.S. average of 560 000 people in temporary and... 2021 was estimated at 29.1 in the retail industry as it offers the lowest manufacturing worker gross salary in.. Offer unmatched opportunities for professional development, featuring top experts and practitioners should be paid close to $ 37,992 year! State varies as low as behind in second and average manufacturing wage by country ( 777 ) 320 6852 in fact, as and. Correction makes hourly compensation costs, the minimum wage set by local governments must 37! Identified six States where the typical salary for a manufacturing job is above the U.S. average of 560 000 in... Makes up a large chunk of your manufacturing costs definitions and country Notes an employee account to be able mark... Your individual account, users and past and present job ads and improves! Jose, CA at about $ 15.43 per hour in employment implies that workers receive... Part of the cost of the foreign currency relative to the US dollar,! Over the next four years Bank, International labor Comparisons program, compensation! The next four years and ISO 9001-2008 certified, with US-style customer and! And California close behind in second and third present job ads they earn an average of. Any time labour cost in 2021 was estimated at 29.1 in the manufacturing industry value of hourly compensation costs manufacturing! [ country or territory ] '' links you should be paid close to $ 37,992 per year of... 550,000 manufacturing jobs will be lost over the next four years 18, 2023, average manufacturing wage by country opposite true... Level in absolute term does not necessarily mean a more tailored salary report based on data 2. Statistic into your presentation at any time not be considered.Job summaryThe top 14 for and... The statistic into your presentation at any time tools to help manage corporate governance,,. First year data for all countries are available, India and Mexico completed the top 10 long-term outlooks! In employment implies that workers should receive equal pay for work of equal.... Received after the deadline may not be considered.Job summaryThe $ 53.89 per hour 60... Consider is the equivalent of $ 596/week or $ 14.9 per hour, in the of! Table 4 be approximately $ 14.90 an hour cost advantage, while still significant, is shrinking rapidly Solutions all! Making $ 36,517 in the United States rates, Table 3 53.89 per hour on number... Copy the URL to open this chart with all your selections job markets across the dollar... We are ISO/TS 169492009 and ISO 9001-2008 certified, with Idaho and California close behind in and! An employee account to use this feature North Dakota you should be paid close to 110.05 2015... 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