HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Average Salary in Waterford 2020

How much money does a person working in Waterford make?


Average Yearly Salary
37,100 EUR
( 3,090 EUR monthly)

LOW
9,380
EUR
AVERAGE
37,100
EUR
HIGH
166,000
EUR

A person working in Waterford typically earns around 37,100 EUR per year. Salaries range from 9,380 EUR (lowest average) to 166,000 EUR (highest average, actual maximum salary is higher).

This is the average yearly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Waterford

Median and salary distribution yearly Waterford
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/ireland/waterford/median-and-salary-distribution-yearly-waterford.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Waterford range from 9,380 EUR per year (minimum salary) to 166,000 EUR per year (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 34,900 EUR per year, which means that half (50%) of the population are earning less than 34,900 EUR while the other half are earning more than 34,900 EUR. 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 the population are earning less than 19,900 EUR while 75% of them are earning more than 19,900 EUR. Also from the diagram, 75% of the population are earning less than 94,200 EUR while 25% are earning more than 94,200 EUR.


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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

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 Ireland costs anywhere from 16,000 Euro(s) to 48,100 Euro(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.



Salary Comparison By Gender

Salary comparison by gender yearly Ireland
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/ireland/salary-comparison-by-gender-yearly-ireland.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Ireland earn 4% more than their female counterparts on avergae across all sectors.

Male
39,300 EUR
Female-4%
37,600 EUR
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Ireland

How much are annual salary increments in Ireland? How often do employees get salary raises?

Ireland

Employees in Ireland are likely to observe a salary increase of approximately 9% every 16 months.

Annual Salary Increment Rate Ireland
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/ireland/annual-salary-increment-rate-ireland.jpg


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.

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 Ireland is 7%.

Annual Increment Rate By Industry 2019

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

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


Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
Mid-Career
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Bonus and Incentive Rates in Ireland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Ireland
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/ireland/annual-salary-bonus-rate-ireland.jpg

47% of surveyed staff in Ireland reported that they haven't received any bonuses or incentives in the previous year while 53% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
53%
No Bonus
47%

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.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

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.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant25,000 EUR
Accounting Assistant19,000 EUR
Accounting Manager55,200 EUR
Bookkeeper17,500 EUR
Chartered Accountant31,700 EUR
Corporate Treasurer50,400 EUR
Financial Analyst45,300 EUR
Financial Manager68,000 EUR
Internal Auditor34,100 EUR

Administration / Reception / Secretarial
Administrative Assistant18,600 EUR
Office Manager32,000 EUR
Receptionist13,600 EUR
Secretary16,400 EUR

Advertising / Grapic Design / Events
Art Director34,700 EUR
Creative Director34,900 EUR
Graphic Designer23,500 EUR
Photographer19,600 EUR

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer46,500 EUR
Air Traffic Controller38,900 EUR
Flight Attendant23,600 EUR
Pilot62,700 EUR

Architecture
Architect45,000 EUR
CAD Drafter18,900 EUR

Automotive
Mechanic13,500 EUR
Service Advisor25,900 EUR

Banking
Bank Branch Manager67,000 EUR
Teller13,800 EUR

Bilingual
Teacher27,600 EUR
Translator31,700 EUR

Business Planning
Business Analyst44,000 EUR
Business Development Manager55,500 EUR
Project Manager41,400 EUR

Care Giving and Child Care
Nanny14,400 EUR
Nursery Teacher13,400 EUR

Construction / Building / Installation
Civil Engineer32,300 EUR
Construction Project Manager56,900 EUR
Health and Safety Officer16,700 EUR

Customer Service and Call Center
Call Center Representative13,700 EUR
Customer Service Manager46,800 EUR
Customer Service Representative14,000 EUR

Engineering
Electrical Engineer35,000 EUR
Engineer35,200 EUR
Mechanical Engineer34,800 EUR

Executive and Management
Chief Executive Officer80,800 EUR
Chief Financial Officer73,200 EUR
General Manager60,600 EUR

Food / Hospitality / Tourism / Catering
Chef23,100 EUR
Executive Chef25,200 EUR
Hotel Manager65,400 EUR
Travel Agent22,700 EUR
Waiter / Waitress11,000 EUR

Health and Medical
Dentist83,600 EUR
Dietitian73,400 EUR
Laboratory Technician27,600 EUR
Nurse28,900 EUR

Human Resources
Human Resources Manager55,200 EUR
Human Resources Officer21,800 EUR

Information Technology
Computer Technician26,800 EUR
Database Administrator35,100 EUR
Developer / Programmer36,000 EUR
Information Technology Manager60,900 EUR
Network Engineer30,700 EUR

Law Enforcement / Security / Fire
Police Officer22,400 EUR

Legal
Attorney69,200 EUR
Legal Assistant18,100 EUR

Media / Broadcasting / Arts / Entertainment
Journalist39,600 EUR

Pharmaceutical and Biotechnology
Biomedical Engineer29,200 EUR
Pharmacist48,000 EUR

Sales Retail and Wholesale
Cashier13,700 EUR
Sales Manager60,700 EUR
Sales Representative22,200 EUR

Teaching / Education
Elementary School Teacher25,100 EUR
Secondary School Teacher30,600 EUR

Average Hourly Wage in Waterford


18 EUR per hour

The average hourly wage (pay per hour) in Waterford is 18 EUR. This means that the average person in Waterford earns approximately 18 EUR 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.

Waterford VS Ireland

Salary Comparison Between Waterford and Ireland yearly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/ireland/waterford/salary-comparison-between-waterford-and-ireland-yearly.jpg
We compared salaries in Waterford and Ireland and we found that Waterford salaries are 4% less than those of Ireland.

Salary Comparison By City

CityAverage Salary
Cork43,100 EUR
Dublin45,200 EUR
Galway39,100 EUR
Limerick41,600 EUR
Waterford37,100 EUR

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 Ireland earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
37,600 EUR
Public Sector+5%
39,300 EUR
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2020