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Laboratory Technician Average Salary in Liberia 2020

How much money does a Laboratory Technician make in Liberia?


Average Monthly Salary
57,500 LRD
( 690,000 LRD yearly)

LOW
27,600
LRD
AVERAGE
57,500
LRD
HIGH
90,300
LRD

A person working as a Laboratory Technician in Liberia typically earns around 57,500 LRD per month. Salaries range from 27,600 LRD (lowest) to 90,300 LRD (highest).

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

Laboratory Technician Salary Distribution in Liberia

Median and salary distribution monthly Liberia Laboratory Technician
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The median, the maximum, the minimum, and the range

  • Salary Range

    Laboratory Technician salaries in Liberia range from 27,600 LRD per month (minimum salary) to 90,300 LRD per month (maximum salary).

  • Median Salary

    The median salary is 59,800 LRD per month, which means that half (50%) of people working as Laboratory Technician(s) are earning less than 59,800 LRD while the other half are earning more than 59,800 LRD. 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 Laboratory Technician(s) are earning less than 39,400 LRD while 75% of them are earning more than 39,400 LRD. Also from the diagram, 75% of Laboratory Technician(s) are earning less than 78,100 LRD while 25% are earning more than 78,100 LRD.


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

Laboratory Technician Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Liberia Laboratory Technician
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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 Laboratory Technician salaries by experience level and this is what we found.

A Laboratory Technician with less than two years of experience makes approximately 32,300 LRD per month.

While someone with an experience level between two and five years is expected to earn 45,800 LRD per month, 42% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 60,200 LRD per month, 31% 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, Laboratory Technician(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 74,000 LRD per month, 23% 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 78,700 LRD 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 86,200 LRD per month, 10% more than people with fifteen to twenty years of experience.


Laboratory Technician average salary change by experience in Liberia

0 - 2 Years
32,300 LRD
2 - 5 Years+42%
45,800 LRD
5 - 10 Years+31%
60,200 LRD
10 - 15 Years+23%
74,000 LRD
15 - 20 Years+6%
78,700 LRD
20+ Years+10%
86,200 LRD
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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Laboratory Technician Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Liberia Laboratory Technician
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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 Laboratory Technician salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Laboratory Technician is 50,800 LRD per month.

While someone with a Master's Degree gets a salary of 72,800 LRD per month, 43% more than someone having a Bachelor's Degree degree.


Laboratory Technician average salary difference by education level in Liberia

Bachelor's Degree
50,800 LRD
Master's Degree+43%
72,800 LRD
Percentage increase and decrease are relative to the previous value

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 Liberia costs anywhere from 359,000 Liberian Dollar(s) to 1,080,000 Liberian 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 the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Laboratory Technician Salary Comparison By Gender

Salary comparison by gender monthly Liberia Laboratory Technician
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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 Laboratory Technician employees in Liberia earn 9% more than their female counterparts on average.

Male
61,200 LRD
Female-9%
55,900 LRD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Liberia for all Careers

Salary comparison by gender monthly Liberia
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Laboratory Technician Average Annual Salary Increment Percentage in Liberia

How much are annual salary increments in Liberia for Laboratory Technician(s)? How often do employees get salary raises?

Laboratory Technician

Laboratory Technician(s) in Liberia are likely to observe a salary increase of approximately 5% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Liberia Laboratory Technician
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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.

Liberia / 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 Liberia 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 Liberia 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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Laboratory Technician Bonus and Incentive Rates in Liberia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Liberia Laboratory Technician
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A Laboratory Technician 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.

86% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 14% 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
14%
No Bonus
86%

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.

Laboratory Technician Average Hourly Wage in Liberia


330 LRD per hour

The average hourly wage (pay per hour) in Liberia is 330 LRD. This means that the average Laboratory Technician in Liberia earns approximately 330 LRD 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.

Laboratory Technician VS Other Jobs

Salary Comparison Between Laboratory Technician and Health and Medical monthly Liberia
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The average salary for Laboratory Technician is 36% less than that of Healthcare Technical. Also, Healthcare Technical salaries are 17% less than those of Health and Medical.

Salary comparison with similar jobs

Job TitleAverage Salary
Academic Clinician145,000 LRD+150%
Admitting Officer55,800 LRD-3%
Ambulance Dispatcher58,500 LRD+2%
Ambulance Driver49,600 LRD-14%
Ambulance Officer and Paramedic59,200 LRD+3%
Ambulatory Services Director112,000 LRD+95%
Anatomic Pathology Supervisor131,000 LRD+130%
Anesthesia Technician82,100 LRD+43%
Anesthesiologist236,000 LRD+310%
Anesthesiology Assistant78,600 LRD+37%
Assistant Optometrist66,400 LRD+15%
Audiologist134,000 LRD+130%
Biomedical Engineering Director96,800 LRD+68%
Biomedical Engineering Technician52,000 LRD-10%
Cardiac Technician51,300 LRD-11%
Cardiovascular Specialist282,000 LRD+390%
Cardiovascular Technologist109,000 LRD+89%
Central Sterile Processing Technician61,000 LRD+6%
Charge Entry Specialist66,100 LRD+15%
Clinical Application Specialist67,300 LRD+17%
Clinical Biochemist126,000 LRD+120%
Clinical Cytogeneticist109,000 LRD+89%
Clinical Data Reviewer68,700 LRD+19%
Clinical Development Specialist87,600 LRD+52%
Clinical Field Associate64,800 LRD+13%
Clinical Genetic Technologist105,000 LRD+83%
Clinical Microbiologist147,000 LRD+160%
Clinical Molecular Geneticist113,000 LRD+96%
Clinical Neuropsychologist144,000 LRD+150%
Clinical Research Coordinator81,700 LRD+42%
Clinical Scientist142,000 LRD+150%
CME Specialist111,000 LRD+93%
CT Technologist67,800 LRD+18%
Cytogenetic Technologist103,000 LRD+79%
Diagnostic Medical Sonographer78,500 LRD+36%
Dispensing Optician65,300 LRD+14%
Dosimetrist96,200 LRD+67%
EKG Technician66,700 LRD+16%
Endoscopic Assistant59,100 LRD+3%
Endoscopy Technician59,800 LRD+4%
Enterostomal Therapist98,500 LRD+71%
Epidemiologist122,000 LRD+110%
FGP Ultrasound Techncian58,000 LRD+1%
Health Systems Specialist87,800 LRD+53%
Health Technologist100,000 LRD+74%
Healthcare Data Analyst68,100 LRD+18%
Hearing Aid Specialist76,900 LRD+34%
Histotechnologist93,100 LRD+62%
Immunologist130,000 LRD+130%
Industrial Hygienist91,900 LRD+60%
Infection Control Coordinator68,500 LRD+19%
Infection Control Practitioner145,000 LRD+150%
Infection Preventionist107,000 LRD+86%
Informatics Practice Specialist77,800 LRD+35%
Interventional Radiographer119,000 LRD+110%
Lab Assistant57,400 LRD-0%
Laboratory Manager107,000 LRD+86%
Laboratory Technician57,500 LRD-0%
Low Vision Therapist126,000 LRD+120%
Mammography Technician55,200 LRD-4%
Medical Coder48,900 LRD-15%
Medical Courier39,000 LRD-32%
Medical Equipment Preparer56,900 LRD-1%
Medical Forms Designer49,300 LRD-14%
Medical Technologist61,200 LRD+6%
MRI Technologist58,300 LRD+1%
Music Therapist80,800 LRD+40%
Neonatologist162,000 LRD+180%
Neurodiagnostic Techncian61,500 LRD+7%
Neuropsychology Testing Assistant52,800 LRD-8%
Nuclear Medical Technician82,700 LRD+44%
Nuclear Medicine Technolgoist79,900 LRD+39%
Nutrition Assistant58,400 LRD+2%
Occupaitional Therapy Assistant60,800 LRD+6%
Operating Room Scheduler50,600 LRD-12%
Operating Room Services Director160,000 LRD+180%
Ophthalmic Assistant61,000 LRD+6%
Ophthalmic Laboratory Technician62,300 LRD+8%
Optician125,000 LRD+120%
Orthopedic Technician61,000 LRD+6%
Orthoptist166,000 LRD+190%
Orthotist169,000 LRD+190%
Pathology Assistant58,600 LRD+2%
Perfusionist189,000 LRD+230%
Phlebotomist44,300 LRD-23%
Pre Authorization Case Manager82,400 LRD+43%
Prosthetist144,000 LRD+150%
Radiation Therapist209,000 LRD+260%
Radiation Therapy Technologist79,900 LRD+39%
Radiographer135,000 LRD+130%
Radiography Technologist81,700 LRD+42%
Radiologic Technologist82,300 LRD+43%
Radiology Technologist83,200 LRD+45%
Respiratory Care Practitioner148,000 LRD+160%
Respiratory Therapist116,000 LRD+100%
Respiratory Therapy Technician66,800 LRD+16%
Sonographer80,500 LRD+40%
Sonography Technologist78,500 LRD+36%
Speech and Language Pathologist118,000 LRD+110%
Ultrasonographer64,400 LRD+12%
Ultrasound Technologist61,800 LRD+7%
Vascular Technologist56,200 LRD-2%
X-Ray Technologist79,500 LRD+38%

Salary Comparison By City

CityAverage Salary
Monrovia57,500 LRD

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

Private Sector
65,300 LRD
Public Sector+21%
79,000 LRD
Percentage increase and decrease are relative to the previous value

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