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Factory and Manufacturing Average Salaries in Armenia 2022

How much money does a person working in Factory and Manufacturing make in Armenia?


Average Monthly Salary
529,000 AMD
( 6,350,000 AMD yearly)

LOW
196,000
AMD
AVERAGE
529,000
AMD
HIGH
1,330,000
AMD

A person working in Factory and Manufacturing in Armenia typically earns around 529,000 AMD per month. Salaries range from 196,000 AMD (lowest average) to 1,330,000 AMD (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Factory and Manufacturing 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 TitleAverage Salary
Assembly Foreman226,000 AMD
Assembly Line Worker217,000 AMD
Assembly Supervisor346,000 AMD
Assistance Maintenance Manager824,000 AMD
Assistant Shipping Manager724,000 AMD
Chemical Equipment Controller497,000 AMD
Chemical Technican Apprentice427,000 AMD
CNC Machinist522,000 AMD
CNC Operator503,000 AMD
CNC Programmer562,000 AMD
Colour Technologist284,000 AMD
Contracts Manager906,000 AMD
Data Collection Coordinator362,000 AMD
Demand Planner324,000 AMD
Derrick Operator232,000 AMD
Director of Manufacturing1,310,000 AMD
Dock Worker207,000 AMD
Drying Technician213,000 AMD
Equipment Operator208,000 AMD
Export Sales Coordinator689,000 AMD
Factory Superintendent349,000 AMD
Factory Worker240,000 AMD
Failure Analysis Technician352,000 AMD
Fiberglass Laminator245,000 AMD
Food Technologist401,000 AMD
Forklift Driver225,000 AMD
Forming Machine Operator250,000 AMD
Furnace Operator212,000 AMD
Gas Appliance Repairer225,000 AMD
General Warehouse Associate373,000 AMD
Heavy Equipment Operator306,000 AMD
HSE Manager922,000 AMD
Industrial Engineer762,000 AMD
Industrial Machinery Mechanic477,000 AMD
Industrial Production Manager1,240,000 AMD
Industrial Safety and Health Engineer685,000 AMD
Intake Operator288,000 AMD
Key Account Manager1,030,000 AMD
Lift Truck Operator218,000 AMD
Loading Supervisor421,000 AMD
Logistic Coordinator596,000 AMD
Logistics Clerk269,000 AMD
Machine Operator217,000 AMD
Machinist228,000 AMD
Maintenance Manager867,000 AMD
Maintenance Store Clerk251,000 AMD
Manufacturing Engineer674,000 AMD
Manufacturing Engineering Manager1,130,000 AMD
Manufacturing Engineering Technologist823,000 AMD
Manufacturing Manager1,190,000 AMD
Manufacturing Operative369,000 AMD
Manufacturing Production Technician296,000 AMD
Manufacturing Supervisor605,000 AMD
Manufacturing Technician252,000 AMD
Materials Supervisor619,000 AMD
Mechanical Fitter Engineer704,000 AMD
Mechanical Foreman216,000 AMD
Merchandise Planner377,000 AMD
Metrology Engineer670,000 AMD
Operations Engineer656,000 AMD
Operations Manager1,130,000 AMD
Order Management Coordinator580,000 AMD
Order Processing Manager936,000 AMD
Order Selector282,000 AMD
Package Handler226,000 AMD
Packaging Manager724,000 AMD
Packer218,000 AMD
Packing Deputy Supervisor581,000 AMD
Planning Manager1,000,000 AMD
Plant Manager1,190,000 AMD
Precision Instrument Repairer329,000 AMD
Process Technician272,000 AMD
Product Manager1,210,000 AMD
Production Analyst1,020,000 AMD
Production Director1,330,000 AMD
Production Engineer727,000 AMD
Production Engineering Supervisor1,080,000 AMD
Production Inspector783,000 AMD
Production Laborer207,000 AMD
Production Manager1,330,000 AMD
Production Scheduler532,000 AMD
Production Supervisor693,000 AMD
Quality Control Analyst953,000 AMD
Quality Control Inspector786,000 AMD
Quality Control Manager1,070,000 AMD
Service Technician277,000 AMD
SHEQ Officer351,000 AMD
Shipping Manager1,070,000 AMD
Small Engine Mechanic402,000 AMD
Spray Painter238,000 AMD
Sterile Processing Technician253,000 AMD
Structural Welder200,000 AMD
Supply Chain Operative661,000 AMD
Technical Operator303,000 AMD
Technology Development Manager1,300,000 AMD
Testing Technician491,000 AMD
Toolmaker367,000 AMD
Warehouse Operative249,000 AMD
Warehouse Worker252,000 AMD
Warranty Handler402,000 AMD
Welder218,000 AMD
Workshop Manager836,000 AMD

Factory and Manufacturing Jobs Salary Distribution in Armenia

Median and salary distribution monthly Armenia Factory and Manufacturing
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The median, the maximum, the minimum, and the range

  • Salary Range

    Factory and Manufacturing salaries in Armenia range from 196,000 AMD per month (minimum average salary) to 1,330,000 AMD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 508,000 AMD per month, which means that half (50%) of people working in Factory and Manufacturing are earning less than 508,000 AMD while the other half are earning more than 508,000 AMD. 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 Factory and Manufacturing are earning less than 317,000 AMD while 75% of them are earning more than 317,000 AMD. Also from the diagram, 75% of people working in Factory and Manufacturing are earning less than 880,000 AMD while 25% are earning more than 880,000 AMD.


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?

Salary Comparison By Experience Level
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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.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

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.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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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.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

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 Armenia costs anywhere from 3,880,000 Armenian Dram(s) to 11,600,000 Armenian Dram(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.

Factory and Manufacturing Salary Comparison By Gender

Salary comparison by gender monthly Armenia Factory and Manufacturing
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Armenia who work in Factory and Manufacturing earn 9% more than their female counterparts on average.

Male
556,000 AMD
Female-8%
511,000 AMD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Armenia for all Careers

Salary comparison by gender monthly Armenia
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Factory and Manufacturing Average Annual Salary Increment Percentage in Armenia

How much are annual salary increments in Armenia for Factory and Manufacturing professionals? How often do employees get salary raises?

Factory and Manufacturing

Factory and Manufacturing professionals in Armenia are likely to observe a salary increase of approximately 4% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Armenia Factory and Manufacturing
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Armenia / 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

The average salary increase in one year (12 months) in Armenia is 2%.

Annual Increment Rate By Industry 2021

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Listed above are the average annual increase rates for each industry in Armenia for the year 2021. 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

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Factory and Manufacturing Bonus and Incentive Rates in Armenia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Armenia Factory and Manufacturing
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Factory and Manufacturing is considered to be a low 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.

92% of surveyed staff in Factory and Manufacturing reported that they haven't received any bonuses or incentives in the previous year while 8% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
8%
No Bonus
92%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, 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 Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These 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 GeneratorsSupporting 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:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

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.

Factory and Manufacturing Hourly Average Wage in Armenia


3,050 AMD per hour

The average hourly wage (pay per hour) in Armenia is 3,050 AMD. This means that the average person in Armenia earns approximately 3,050 AMD for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

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.

Factory and Manufacturing VS Other Jobs

Salary Comparison Between Factory and Manufacturing and Factory and Manufacturing monthly Armenia
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The average salary for Factory and Manufacturing is 32% less than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Yerevan676,000 AMD

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 Armenia earn 18% more than their private sector counterparts on average across all sectors.

Private Sector
698,000 AMD
Public Sector+18%
822,000 AMD
Percentage increase and decrease are relative to the previous value

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