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Insurance Appraiser Average Salary in Kiribati 2020

How much money does an Insurance Appraiser make in Kiribati?


Average Monthly Salary
4,200 AUD
( 50,400 AUD yearly)

LOW
1,980
AUD
AVERAGE
4,200
AUD
HIGH
6,640
AUD

A person working as an Insurance Appraiser in Kiribati typically earns around 4,200 AUD per month. Salaries range from 1,980 AUD (lowest) to 6,640 AUD (highest).

This is the average monthly salary including housing, transport, and other benefits. Insurance Appraiser salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Insurance Appraiser Salary Distribution in Kiribati

Median and salary distribution monthly Kiribati Insurance Appraiser
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The median, the maximum, the minimum, and the range

  • Salary Range

    Insurance Appraiser salaries in Kiribati range from 1,980 AUD per month (minimum salary) to 6,640 AUD per month (maximum salary).

  • Median Salary

    The median salary is 4,460 AUD per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 4,460 AUD while the other half are earning more than 4,460 AUD. 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 Insurance Appraiser(s) are earning less than 2,890 AUD while 75% of them are earning more than 2,890 AUD. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 5,880 AUD while 25% are earning more than 5,880 AUD.


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

Insurance Appraiser Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Kiribati Insurance Appraiser
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Insurance Appraiser salaries by experience level and this is what we found.

An Insurance Appraiser with less than two years of experience makes approximately 2,280 AUD per month.

While someone with an experience level between two and five years is expected to earn 3,140 AUD per month, 38% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 4,470 AUD per month, 42% more than someone with two to five years of experience.

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.

Additionally, Insurance Appraiser(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 5,450 AUD per month, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 5,760 AUD per month, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 6,270 AUD per month, 9% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Kiribati

0 - 2 Years
2,280 AUD
2 - 5 Years+38%
3,140 AUD
5 - 10 Years+42%
4,470 AUD
10 - 15 Years+22%
5,450 AUD
15 - 20 Years+6%
5,760 AUD
20+ Years+9%
6,270 AUD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Insurance Appraiser Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Insurance Appraiser(s) who have the same experience but different education levels.

Salary comparison by education level monthly Kiribati Insurance Appraiser
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Insurance Appraiser salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of an Insurance Appraiser is 2,860 AUD per month.

While someone with a Bachelor's Degree gets a salary of 5,480 AUD per month, 91% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Kiribati

Certificate or Diploma
2,860 AUD
Bachelor's Degree+91%
5,480 AUD
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Insurance Appraiser Salary Comparison By Gender

Salary comparison by gender monthly Kiribati Insurance Appraiser
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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 Insurance Appraiser employees in Kiribati earn 14% more than their female counterparts on average.

Male
4,510 AUD
Female-12%
3,960 AUD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Kiribati for all Careers

Salary comparison by gender monthly Kiribati
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Insurance Appraiser Average Annual Salary Increment Percentage in Kiribati

How much are annual salary increments in Kiribati for Insurance Appraiser(s)? How often do employees get salary raises?

Insurance Appraiser

Insurance Appraiser(s) in Kiribati are likely to observe a salary increase of approximately 8% every 29 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Kiribati Insurance Appraiser
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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.

Kiribati / 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 Kiribati is 2%.

Annual Increment Rate By Industry 2019

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Listed above are the average annual increase rates for each industry in Kiribati 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

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Insurance Appraiser Bonus and Incentive Rates in Kiribati

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Kiribati Insurance Appraiser
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An Insurance Appraiser is considered to be a low bonus-based job 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.

85% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 15% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
15%
No Bonus
85%

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.

Insurance Appraiser Average Hourly Wage in Kiribati


24 AUD per hour

The average hourly wage (pay per hour) in Kiribati is 24 AUD. This means that the average Insurance Appraiser in Kiribati earns approximately 24 AUD 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.

Insurance Appraiser VS Other Jobs

Salary Comparison Between Insurance Appraiser and Insurance monthly Kiribati
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The average salary for Insurance Appraiser is 8% more than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst5,300 AUD+26%
Actuarial Assistant3,780 AUD-10%
Actuary5,450 AUD+30%
Adjustment Insurance Clerk1,460 AUD-65%
Assistant Broker2,520 AUD-40%
Assistant Claims Manager4,530 AUD+8%
Associate Insurance Representative2,100 AUD-50%
Auditing Insurance Manager5,890 AUD+40%
Broker3,930 AUD-7%
Claim Advocacy Professional4,220 AUD+0%
Claims Adjuster1,490 AUD-65%
Claims Analyst2,110 AUD-50%
Claims Examiner2,140 AUD-49%
Claims Manager5,870 AUD+40%
Claims Processor1,560 AUD-63%
Claims Representative1,780 AUD-58%
Claims Resolution Specialist4,150 AUD-1%
Claims Supervisor3,820 AUD-9%
Complaints Specialist3,830 AUD-9%
Compliance Officer3,270 AUD-22%
Consultant3,900 AUD-7%
Eligibility Specialist3,910 AUD-7%
Insurance Account Manager4,880 AUD+16%
Insurance Accounts Executive4,320 AUD+3%
Insurance Agent2,420 AUD-42%
Insurance Analyst3,860 AUD-8%
Insurance Appraiser4,200 AUD-0%
Insurance Claims Clerk1,430 AUD-66%
Insurance Examiner3,560 AUD-15%
Insurance Investigator3,700 AUD-12%
Insurance Manager6,840 AUD+63%
Insurance Operations Manager6,640 AUD+58%
Insurance Policy Processing Clerk1,480 AUD-65%
Insurance Pricing Assistant3,260 AUD-22%
Insurance Program Manager5,100 AUD+21%
Insurance Project Manager4,970 AUD+18%
Insurance Quality Assurance Agent3,580 AUD-15%
Insurance Sales Agent2,400 AUD-43%
Insurance Sales Director6,560 AUD+56%
Insurance Team Leader4,280 AUD+2%
Insurance Underwriter3,130 AUD-26%
Loss Control Specialist4,000 AUD-5%
Loss Prevention Investigator4,360 AUD+4%
Loss Prevention Manager5,590 AUD+33%
Loss Prevention Specialist4,140 AUD-2%
Marine Underwriter2,860 AUD-32%
Medical Auditor4,040 AUD-4%
Monitoring and Performance Officer2,710 AUD-36%
Payment Services Specialist4,200 AUD-0%
Policy Change Director6,240 AUD+48%
Policy Change Supervisor4,360 AUD+4%
Policy Change Technician1,980 AUD-53%
Risk Analyst4,670 AUD+11%
Risk Management Director7,410 AUD+76%
Risk Management Supervisor4,850 AUD+15%
Risk Manager7,310 AUD+74%
Risk Modeling Manager7,400 AUD+76%
Title Insurance Typist3,360 AUD-20%
Training Manager4,410 AUD+5%

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 Kiribati earn 21% more than their private sector counterparts on average across all sectors.

Private Sector
3,530 AUD
Public Sector+21%
4,270 AUD
Percentage increase and decrease are relative to the previous value

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