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Power Plant Operator Average Salary in Monaco 2024

How much money does a person working as Power Plant Operator make in Monaco?


Average Monthly Salary
3,290 EUR
( 39,400 EUR yearly)

LOW
1,740
EUR
AVERAGE
3,290
EUR
HIGH
4,990
EUR
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Power Plant Operator in Monaco typically earns around 3,290 EUR. Salaries range from 1,740 EUR (lowest) to 4,990 EUR (highest).


Salary Variance

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



Power Plant Operator Pay Scale and Salaries in Monaco

Median and salary distribution Monaco Power Plant Operator monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
2,950 EUR or more
10% of people earn
2,640 to 2,950 EUR
20% of people earn
1,940 EUR or less
65% of people earn
1,940 to 2,640 EUR
Minimum Salary
1,740 EUR
Median
2,960 EUR
Maximum
4,990 EUR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Power Plant Operator in Monaco range from 1,740 EUR (starting salary) to 4,990 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 2,960 EUR, half of the professionals who work as Power Plant Operator in Monaco earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Power Plant Operator in Monaco earn less than 2,470 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 3,350 EUR while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Power Plant Operator in Monaco compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,940 EUR to 2,640 EUR. About 20% of salaries are below the 1,940 EUR mark, while 10% fall within the range of 2,640 EUR to 2,950 EUR. Only 5% of individuals have salaries exceeding 2,950 EUR.

Salary Comparison by Years of Experience / Power Plant Operator / Monaco

How do experience and age affect pay?

0 - 2 Years
2,000 EUR
2 - 5 Years+23%
2,460 EUR
5 - 10 Years+42%
3,480 EUR
10 - 15 Years+17%
4,070 EUR
15 - 20 Years+10%
4,470 EUR
20+ Years+6%
4,730 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Monaco Power Plant Operator
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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. We broke down salaries by experience level for people working as Power Plant Operator and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 2,000 EUR.

While someone with an experience level between two and five years is expected to earn 2,460 EUR, 23% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 3,480 EUR, 42% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 4,070 EUR, 17% 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 4,470 EUR, 10% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 4,730 EUR, 6% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Power Plant Operator / Monaco

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Power Plant Operator.

High School
2,460 EUR
Certificate or Diploma+40%
3,430 EUR
Bachelor's Degree+42%
4,860 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Monaco Power Plant Operator
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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 salaries by education level for the position Power Plant Operator in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 2,460 EUR.


Level 2: Certificate or Diploma

At this level, the average salary becomes 3,430 EUR, 40% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 4,860 EUR, 42% more than the previous level.



Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Power Plant Operator / Monaco

Salary comparison by gender Monaco Power Plant Operator monthly
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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? For the people who work as Power Plant Operator in Monaco, the average difference between the salary of male and female employees is 14%.

Male
3,450 EUR
Female-12%
3,020 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Monaco for all Careers

Salary comparison by gender monthly Monaco
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Average Annual Salary Increment Percentage / Power Plant Operator / Monaco

How much are annual salary increments in Monaco for individuals working as Power Plant Operator? How often do employees get salary raises?

Individuals working as Power Plant Operator in Monaco are likely to observe a salary increase of approximately 8% every 27 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Monaco Power Plant Operator
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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.

Monaco / All Professions

Annual Salary Increment Rate Monaco
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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 Monaco is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Power Plant Operator / Monaco

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Monaco Power Plant Operator
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66% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 34% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
34%
No Bonus
66%

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.

Average Hourly Wage / Power Plant Operator / Monaco


19 EUR per hour

The average hourly wage (pay per hour) for individuals working as Power Plant Operator in Monaco is 19 EUR.This is the rate they get paid for every worked hour.


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

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Power Plant Operator in Monaco is 10 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Oil / Gas / Energy / Mining-100%
Assistant Yard Manager3,660 EUR+11%
Associate Analyst4,070 EUR+24%
Associate Landman1,880 EUR-43%
Auxiliary Equipment Operator1,720 EUR-48%
Biomass Plant Technician2,180 EUR-34%
Biomass Power Plant Manager5,320 EUR+62%
Carbon Capture and Storage Specialist4,280 EUR+30%
Chemical Plant Operator3,120 EUR-5%
Chief Contract Compliance Engineer3,900 EUR+19%
Chief Renewable Energy Officer6,630 EUR+100%
Chief Sustainability Officer6,410 EUR+95%
Completions Engineer3,700 EUR+13%
Cost Controller2,890 EUR-12%
Cost Engineer3,960 EUR+21%
Crude Oil Marketing Representative4,220 EUR+28%
Deep-sea Mining Engineer4,710 EUR+43%
Dispatcher1,910 EUR-42%
Distribution Manager5,550 EUR+69%
Dragline Operator1,970 EUR-40%
Driller Offsider1,580 EUR-52%
Dump Truck Driver1,690 EUR-49%
Electric and Gas Operations Manager8,390 EUR+160%
Energy Advisor5,570 EUR+70%
Energy Analyst5,300 EUR+61%
Energy Auditor4,910 EUR+49%
Energy Dispatch Director6,680 EUR+100%
Energy Efficiency Auditor4,070 EUR+24%
Energy Efficiency Consultant4,910 EUR+49%
Energy Modeler3,770 EUR+15%
Energy Policy Analyst4,050 EUR+23%
Energy Storage Engineer3,940 EUR+20%
Energy Technical Assistant2,440 EUR-26%
Energy Technical Manager4,570 EUR+39%
Energy Technical Support Manager4,540 EUR+38%
Energy Technical Trainer3,440 EUR+5%
Engineering Geologist6,950 EUR+110%
Exploration Manager6,380 EUR+94%
Field Safety Auditor4,350 EUR+32%
Fluids Engineer3,960 EUR+21%
Fuel Cell Engineer4,100 EUR+25%
Fuel Cell Technician2,210 EUR-33%
Fuels Handler2,000 EUR-39%
Gas Compressor Operator1,870 EUR-43%
Gas Distribution Plant Operator3,340 EUR+2%
Gas Supply Manager6,070 EUR+85%
Geologist6,730 EUR+100%
Geophysicist6,930 EUR+110%
Geothermal Engineer4,480 EUR+36%
Geothermal Production Manager6,700 EUR+100%
Geothermal Technician2,770 EUR-16%
HSE Engineer3,840 EUR+17%
HSE Officer2,560 EUR-22%
HSE Supervisor3,080 EUR-6%
HSEQ Administrator2,760 EUR-16%
Hydrogen Fuel Cell Engineer4,400 EUR+34%
Inspector3,640 EUR+11%
Instructor3,270 EUR-0%
Instrument Designer3,190 EUR-3%
Lead Technical Field Advisor4,800 EUR+46%
Lithium Ion Battery Engineer3,750 EUR+14%
Logistics and Tool Coordinator3,360 EUR+2%
Maintenance Engineer3,880 EUR+18%
Maintenance Superintendent3,490 EUR+6%
Material Controller2,670 EUR-19%
Methane Detection and Mitigation Specialist3,720 EUR+13%
Mine Engineer3,920 EUR+19%
Mine Surveyor4,180 EUR+27%
Mining Project Administrator3,410 EUR+4%
Mining Project Assistant2,850 EUR-13%
Mining Project Controls Consultant4,510 EUR+37%
Mining Project Coordinator3,480 EUR+6%
Mining Project Engineer3,660 EUR+11%
Mining Project Manager4,880 EUR+49%
Mining Site Manager5,030 EUR+53%
Mining Team Leader4,330 EUR+32%
Natural Gas Engineer4,030 EUR+23%
NDT Technician2,490 EUR-24%
Net Zero Energy Consultant5,030 EUR+53%
Oil Service Unit Operator2,260 EUR-31%
Oil Trader4,940 EUR+50%
Oilwell Pumper1,620 EUR-51%
Petroleum Engineer 4,360 EUR+33%
Petroleum Geologist6,910 EUR+110%
Petroleum Pump System Operator2,260 EUR-31%
Petroleum Technician2,410 EUR-27%
Photovoltaic Engineer4,140 EUR+26%
Pipeline Technician1,630 EUR-50%
Power Coordinator2,630 EUR-20%
Power Plant Operations Manager7,390 EUR+120%
Power Plant Operator3,290 EUR+0%
Radio Operator1,830 EUR-44%
Reliability Engineer4,030 EUR+23%
Renewable Energy Consultant5,850 EUR+78%
Renewable Energy Engineer4,230 EUR+29%
Renewable Energy Policy Analyst4,530 EUR+38%
Reservoir Engineer3,670 EUR+12%
Risk Analyst4,600 EUR+40%
Roughneck4,160 EUR+27%
Scaffolder2,660 EUR-19%
Shutdown Engineer3,250 EUR-1%
Smart Grid Analyst4,130 EUR+26%
Smart Grid Engineer4,370 EUR+33%
Solar Energy Installation Manager5,530 EUR+68%
Solar Energy Systems Engineer4,150 EUR+26%
Solar Photovoltaic Installer2,580 EUR-21%
Solar Thermal Technician2,580 EUR-21%
Supply Operations Manager6,060 EUR+84%
Sustainability Analyst4,710 EUR+43%
Sustainability Architect5,190 EUR+58%
Sustainability Specialist6,080 EUR+85%
Sustainable Energy Consultant5,320 EUR+62%
System Development Advisor4,280 EUR+30%
Tanker Truck Driver1,710 EUR-48%
Unconventional Oil and Gas Engineer4,230 EUR+29%
Utility Operator2,230 EUR-32%
Waste-to-Energy Specialist4,960 EUR+51%
Wind Energy Project Manager5,290 EUR+61%
Wind Farm Technician2,730 EUR-17%
Wind Turbine Technician3,270 EUR-0%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Monaco is 10% on average across all career fields.

Private Sector
4,130 EUR
Public Sector+10%
4,550 EUR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Power Plant Operator in Monaco?

A good and competitive compensation would range anywhere between 2,960 EUR and 3,350 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Power Plant Operator in Monaco ranges from 1,740 EUR to 2,470 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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