Purchasing and Inventory Average Salaries in Jamaica 2020
How much money does a person working in Purchasing and Inventory make in Jamaica?
LOW
34,400
JMD AVERAGE
95,700
JMD HIGH
179,000
JMD
A person working in Purchasing and Inventory in Jamaica typically earns around 95,700 JMD per month. Salaries range from 34,400 JMD (lowest average) to 179,000 JMD (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Purchasing and Inventory careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Salaries for specific jobs
| Job Title | Average Salary |
| Asset Management Associate | 91,300 JMD |
| Asset Protection Associate | 84,300 JMD |
| Asset Protection Specialist | 89,600 JMD |
| Assistant Buyer | 78,200 JMD |
| Buyer | 141,000 JMD |
| Capacity Planner | 102,000 JMD |
| Category Manager | 106,000 JMD |
| Channel Services Representative | 93,000 JMD |
| Contracts Manager | 106,000 JMD |
| Contracts Specialist | 85,900 JMD |
| Demand Planner | 100,000 JMD |
| Demand Planning Manager | 117,000 JMD |
| Distribution Assistant | 78,900 JMD |
| Distribution Manager | 166,000 JMD |
| Inventory Control Clerk | 45,600 JMD |
| Inventory Control Manager | 117,000 JMD |
| Inventory Management Associate | 95,100 JMD |
| Inventory Specialist | 87,600 JMD |
| Logistics Engineer | 83,900 JMD |
| Master Planner | 88,600 JMD |
| Material Handler | 51,800 JMD |
| Material Planning Specialist | 73,700 JMD |
| Merchandise Manager | 98,800 JMD |
| Procurement Administrator | 102,000 JMD |
| Procurement Agent | 68,400 JMD |
| Procurement Analyst | 116,000 JMD |
| Procurement Clerk | 42,000 JMD |
| Procurement Engineer | 87,800 JMD |
| Production Planner | 102,000 JMD |
| Project Buyer | 118,000 JMD |
| Purchaser | 133,000 JMD |
| Purchasing Assistant | 47,200 JMD |
| Purchasing Manager | 176,000 JMD |
| Purchasing Supervisor | 117,000 JMD |
| Shipping and Receiving Clerk | 41,700 JMD |
| Shipping Coordinator | 86,500 JMD |
| Stock Clerk | 48,000 JMD |
| Stock Regulator | 51,200 JMD |
| Storage Manager | 109,000 JMD |
| Store Keeper | 44,800 JMD |
| Stores and Logistics Coordinator | 93,600 JMD |
| Supply Chain Analyst | 126,000 JMD |
| Supply Chain Coordinator | 91,400 JMD |
| Supply Chain Development Manager | 161,000 JMD |
| Supply Chain Manager | 180,000 JMD |
| Supply Planner | 88,900 JMD |
| Warehouse Assistant | 35,400 JMD |
| Warehouse Clerk | 37,400 JMD |
| Warehouse Executive | 148,000 JMD |
| Warehouse Lead | 98,100 JMD |
| Warehouse Manager | 150,000 JMD |
| Warehouse Supervisor | 115,000 JMD |
| Wholesale Buyer | 137,000 JMD |
Purchasing and Inventory Jobs Salary Distribution in Jamaica
The median, the maximum, the minimum, and the range
Salary Range
Purchasing and Inventory salaries in Jamaica range from 34,400 JMD per month (minimum average salary) to 179,000 JMD per month (maximum average salary, actual maximum is higher).
Median Salary
The median salary is 103,000 JMD per month, which means that half (50%) of people working in Purchasing and Inventory are earning less than 103,000 JMD while the other half are earning more than 103,000 JMD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Percentiles
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Purchasing and Inventory are earning less than 62,000 JMD while 75% of them are earning more than 62,000 JMD. Also from the diagram, 75% of people working in Purchasing and Inventory are earning less than 153,000 JMD while 25% are earning more than 153,000 JMD.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
Salary Comparison by Years of Experience
How does a person's salary progress over time?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.
Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
Salary Comparison By Education
How does the education level affect your salary?
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.
Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Jamaica costs anywhere from 482,000 Jamaican Dollar(s) to 1,450,000 Jamaican Dollar(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Purchasing and Inventory Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Jamaica who work in Purchasing and Inventory earn 12% more than their female counterparts on average.
| Female | 90,100 JMD | |
| Male | +12% | 101,000 JMD |
Salary Comparison By Gender in Jamaica for all Careers
Purchasing and Inventory Average Annual Salary Increment Percentage in Jamaica
How much are annual salary increments in Jamaica for Purchasing and Inventory professionals? How often do employees get salary raises?
Purchasing and Inventory
Purchasing and Inventory professionals in Jamaica are likely to observe a salary increase of approximately 5% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Jamaica / All Professions
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Annual Increment Rate By Industry 2019
| Banking | 7% | |
| Energy | 5% | |
| Information Technology | 3% | |
| Healthcare | 1% | |
| Travel | 8% | |
| Construction | 6% | |
| Education | 4% |
Listed above are the average annual increase rates for each industry in Jamaica for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Worldwide Salary Raises: All Countries and All Jobs
Purchasing and Inventory Bonus and Incentive Rates in Jamaica
How much and how often are bonuses being awarded?
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Purchasing and Inventory is considered to be a moderate bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
61% of surveyed staff in Purchasing and Inventory reported that they haven't received any bonuses or incentives in the previous year while 39% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.
| Received Bonus | 39% | |
| No Bonus | 61% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Government vs Private Sector Salary Comparison
Where can you get paid more, working for a private company or for the government? Public sector employees in Jamaica earn 10% more than their private sector counterparts on average across all sectors.
| Private Sector | 93,500 JMD | |
| Public Sector | +10% | 103,000 JMD |
Purchasing and Inventory Hourly Average Wage in Jamaica
550 JMD per hourThe average hourly wage (pay per hour) in Jamaica is 550 JMD. This means that the average person in Jamaica earns approximately 550 JMD for every worked hour.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
Purchasing and Inventory VS Other Jobs
The average salary for Purchasing and Inventory is 1% less than that of All Jobs.
Salary Comparison By City
| City | Average Salary |
| Kingston | 105,000 JMD |
