A person working as a Laboratory Technician in Marshall Islands typically earns around 1,760 USD per month. Salaries range from 880 USD (lowest) to 2,730 USD (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 salaries in Marshall Islands range from 880 USD per month (minimum salary) to 2,730 USD per month (maximum salary).
The median salary is 1,760 USD per month, which means that half (50%) of people working as Laboratory Technician(s) are earning less than 1,760 USD while the other half are earning more than 1,760 USD. 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.
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 1,190 USD while 75% of them are earning more than 1,190 USD. Also from the diagram, 75% of Laboratory Technician(s) are earning less than 2,250 USD while 25% are earning more than 2,250 USD.
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
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 1,060 USD per month.
While someone with an experience level between two and five years is expected to earn 1,400 USD per month, 32% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 1,870 USD per month, 34% more than someone with two to five years of experience.
Additionally, Laboratory Technician(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,230 USD per month, 19% 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 2,410 USD per month, 8% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 2,590 USD per month, 7% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+32%|
|5 - 10 Years||+34%|
|10 - 15 Years||+19%|
|15 - 20 Years||+8%|
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 1,510 USD per month.
While someone with a Master's Degree gets a salary of 2,380 USD per month, 58% more than someone having a Bachelor's Degree degree.
A Master's degree program or any post-graduate program in Marshall Islands costs anywhere from 11,300 US Dollar(s) to 33,800 US 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.
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 Marshall Islands earn 6% more than their female counterparts on average.
Laboratory Technician(s) in Marshall Islands are likely to observe a salary increase of approximately 6% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
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.
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
Listed above are the average annual increase rates for each industry in Marshall Islands for the year 2020. 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.
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.
88% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 12% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 0% to 3% of their annual salary.
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.
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.
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.
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.
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.
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.
The average salary for Laboratory Technician is 37% less than that of Healthcare Technical. Also, Healthcare Technical salaries are 17% less than those of Health and Medical.
|Job Title||Average Salary|
|Academic Clinician||4,430 USD||+150%|
|Admitting Officer||1,640 USD||-7%|
|Ambulance Dispatcher||1,790 USD||+2%|
|Ambulance Driver||1,540 USD||-13%|
|Ambulance Officer and Paramedic||1,900 USD||+8%|
|Ambulatory Services Director||3,270 USD||+85%|
|Anatomic Pathology Supervisor||4,160 USD||+140%|
|Anesthesia Technician||2,440 USD||+38%|
|Anesthesiology Assistant||2,390 USD||+36%|
|Assistant Optometrist||2,070 USD||+17%|
|Biomedical Engineering Director||3,230 USD||+83%|
|Biomedical Engineering Technician||1,590 USD||-10%|
|Cardiac Technician||1,590 USD||-10%|
|Cardiovascular Specialist||9,040 USD||+410%|
|Cardiovascular Technologist||3,210 USD||+82%|
|Central Sterile Processing Technician||1,860 USD||+6%|
|Charge Entry Specialist||2,130 USD||+21%|
|Clinical Application Specialist||2,140 USD||+21%|
|Clinical Biochemist||3,810 USD||+120%|
|Clinical Cytogeneticist||3,360 USD||+91%|
|Clinical Data Reviewer||2,000 USD||+13%|
|Clinical Development Specialist||2,590 USD||+47%|
|Clinical Field Associate||2,150 USD||+22%|
|Clinical Genetic Technologist||3,170 USD||+80%|
|Clinical Microbiologist||4,580 USD||+160%|
|Clinical Molecular Geneticist||3,570 USD||+100%|
|Clinical Neuropsychologist||4,590 USD||+160%|
|Clinical Research Coordinator||2,410 USD||+37%|
|Clinical Scientist||4,540 USD||+160%|
|CME Specialist||3,440 USD||+95%|
|CT Technologist||2,090 USD||+19%|
|Cytogenetic Technologist||3,230 USD||+83%|
|Diagnostic Medical Sonographer||2,570 USD||+46%|
|Dispensing Optician||1,960 USD||+11%|
|EKG Technician||2,030 USD||+15%|
|Endoscopic Assistant||1,780 USD||+1%|
|Endoscopy Technician||1,870 USD||+6%|
|Enterostomal Therapist||2,830 USD||+61%|
|FGP Ultrasound Techncian||1,930 USD||+9%|
|Health Systems Specialist||2,640 USD||+50%|
|Health Technologist||3,060 USD||+74%|
|Healthcare Data Analyst||2,120 USD||+20%|
|Hearing Aid Specialist||2,230 USD||+26%|
|Industrial Hygienist||2,990 USD||+70%|
|Infection Control Coordinator||2,040 USD||+16%|
|Infection Control Practitioner||4,540 USD||+160%|
|Infection Preventionist||3,380 USD||+92%|
|Informatics Practice Specialist||2,560 USD||+45%|
|Interventional Radiographer||3,500 USD||+99%|
|Lab Assistant||1,750 USD||-1%|
|Laboratory Manager||3,240 USD||+84%|
|Laboratory Technician||1,760 USD||-0%|
|Low Vision Therapist||3,690 USD||+110%|
|Mammography Technician||1,740 USD||-1%|
|Medical Coder||1,530 USD||-13%|
|Medical Courier||1,230 USD||-30%|
|Medical Equipment Preparer||1,780 USD||+1%|
|Medical Forms Designer||1,460 USD||-17%|
|Medical Technologist||1,980 USD||+12%|
|MRI Technologist||1,860 USD||+6%|
|Music Therapist||2,600 USD||+47%|
|Neurodiagnostic Techncian||1,900 USD||+8%|
|Neuropsychology Testing Assistant||1,690 USD||-4%|
|Nuclear Medical Technician||2,420 USD||+37%|
|Nuclear Medicine Technolgoist||2,440 USD||+38%|
|Nutrition Assistant||1,750 USD||-1%|
|Occupaitional Therapy Assistant||1,910 USD||+8%|
|Operating Room Scheduler||1,660 USD||-6%|
|Operating Room Services Director||5,310 USD||+200%|
|Ophthalmic Assistant||1,950 USD||+11%|
|Ophthalmic Laboratory Technician||1,830 USD||+4%|
|Orthopedic Technician||1,850 USD||+5%|
|Pathology Assistant||1,800 USD||+2%|
|Pre Authorization Case Manager||2,580 USD||+46%|
|Radiation Therapist||6,500 USD||+270%|
|Radiation Therapy Technologist||2,500 USD||+42%|
|Radiography Technologist||2,580 USD||+46%|
|Radiologic Technologist||2,530 USD||+44%|
|Radiology Technologist||2,650 USD||+50%|
|Respiratory Care Practitioner||4,550 USD||+160%|
|Respiratory Therapist||3,680 USD||+110%|
|Respiratory Therapy Technician||2,070 USD||+17%|
|Sonography Technologist||2,570 USD||+46%|
|Speech and Language Pathologist||3,740 USD||+110%|
|Ultrasound Technologist||1,980 USD||+12%|
|Vascular Technologist||1,870 USD||+6%|
|X-Ray Technologist||2,570 USD||+46%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Marshall Islands earn 17% more than their private sector counterparts on average across all sectors.