Recruiter Average Salary in Monaco 2024
How much money does a person working as Recruiter make in Monaco?
LOW
2,630
EUR AVERAGE
4,860
EUR HIGH
7,340
EUR
A person working as Recruiter in Monaco typically earns around 4,860 EUR. Salaries range from 2,630 EUR (lowest) to 7,340 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Recruiter salaries in Monaco vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Recruiter Pay Scale and Salaries in Monaco
Salary Structure and Pay Scale Comparison
4,330 EUR or more
3,880 to 4,330 EUR
2,880 EUR or less
2,880 to 3,880 EUR
 2,630 EUR |
4,340 EUR |
7,340 EUR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Recruiter in Monaco range from 2,630 EUR (starting salary) to 7,340 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 4,340 EUR, half of the professionals who work as Recruiter 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 Recruiter in Monaco earn less than 3,640 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 4,900 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 Recruiter in Monaco compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,880 EUR to 3,880 EUR. About 20% of salaries are below the 2,880 EUR mark, while 10% fall within the range of 3,880 EUR to 4,330 EUR. Only 5% of individuals have salaries exceeding 4,330 EUR.
Salary Comparison by Years of Experience / Recruiter / Monaco
How do experience and age affect pay?
| 0 - 2 Years | 3,050 EUR | |
| 2 - 5 Years | +26% | 3,850 EUR |
| 5 - 10 Years | +32% | 5,080 EUR |
| 10 - 15 Years | +18% | 5,970 EUR |
| 15 - 20 Years | +11% | 6,610 EUR |
| 20+ Years | +6% | 7,030 EUR |
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 Recruiter and this is what we found.
Employees with less than two years of experience earn approximately 3,050 EUR.
While someone with an experience level between two and five years is expected to earn 3,850 EUR, 26% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 5,080 EUR, 32% 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 5,970 EUR, 18% 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 6,610 EUR, 11% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 7,030 EUR, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Recruiter / Monaco
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Recruiter.
| Bachelor's Degree | 3,950 EUR | |
| Master's Degree | +53% | 6,020 EUR |
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 Recruiter in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 3,950 EUR.
Level 2: Master's Degree
At this level, the average salary becomes 6,020 EUR, 53% more than the previous level.
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 Monaco costs anywhere from 21,300 EUR to 63,800 EUR 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 to a higher-paying job. The numbers seem to support the theory. 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 and Compensation Comparison By Gender / Recruiter / Monaco
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 Recruiter in Monaco, the average difference between the salary of male and female employees is 9%.
| Male | 5,030 EUR | |
| Female | -8% | 4,620 EUR |
Salary Comparison By Gender in Monaco for all Careers
Average Annual Salary Increment Percentage / Recruiter / Monaco
How much are annual salary increments in Monaco for individuals working as Recruiter? How often do employees get salary raises?
Individuals working as Recruiter in Monaco 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.
Monaco / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 / Recruiter / Monaco
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/monaco/human-resources/recruiter/annual-salary-bonus-rate-monaco-recruiter.jpg
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 4% to 5% of their annual salary.
| Received Bonus | 34% | |
| No Bonus | 66% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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 / Recruiter / Monaco
28 EUR per hourThe average hourly wage (pay per hour) for individuals working as Recruiter in Monaco is 28 EUR.This is the rate they get paid for every worked hour.
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 Recruiter in Monaco is 15 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 Title | Average Salary |
| Human Resources |  -100% | |
| Benefits Administrator | 2,950 EUR | -39% |
| Benefits Analyst | 3,270 EUR | -33% |
| Benefits Manager | 5,550 EUR |  +14% |
| Benefits Specialist | 3,350 EUR | -31% |
| Chief Diversity and Inclusion Officer | 5,810 EUR | +20% |
| Chief Happiness Officer | 5,700 EUR | +17% |
| Chief Human Resources Officer | 6,950 EUR | +43% |
| Chief Listening Officer | 5,230 EUR | +8% |
| Chief People Officer | 6,870 EUR | +41% |
| Chief Remote Work and Collaboration Officer | 5,080 EUR | +5% |
| Compensation Analyst | 3,220 EUR | -34% |
| Compensation and Benefits Manager | 5,510 EUR | +13% |
| Compensation and Benefits Officer | 2,320 EUR | -52% |
| Compensation and Benefits Specialist | 3,350 EUR | -31% |
| Compensation Manager | 5,460 EUR | +12% |
| Corporate Director of Human Resources | 6,960 EUR | +43% |
| Corporate Recruiter | 4,890 EUR | +1% |
| Corporate Trainer | 3,390 EUR | -30% |
| Director of Talent Acquisition | 6,310 EUR | +30% |
| Diversity and Inclusion Specialist | 4,210 EUR | -13% |
| Employee Benefits Administrator | 3,960 EUR | -19% |
| Employee Benefits Consultant | 4,940 EUR | +2% |
| Employee Benefits Coordinator | 2,210 EUR | -55% |
| Employee Communications Manager | 4,680 EUR | -4% |
| Employee Development Specialist | 4,670 EUR | -4% |
| Employee Engagement Specialist | 4,340 EUR | -11% |
| Employee Experience Manager | 4,930 EUR | +1% |
| Employee Health and Wellness Administrator | 4,380 EUR | -10% |
| Employee Performance Specialist | 3,370 EUR | -31% |
| Employee Relations Analyst | 4,390 EUR | -10% |
| Employee Relations Manager | 4,800 EUR | -1% |
| Employee Relations Practitioner | 4,830 EUR | -1% |
| Employee Relations Representative | 3,510 EUR | -28% |
| Employee Relations Specialist | 4,580 EUR | -6% |
| Employee Services Manager | 4,530 EUR | -7% |
| Employee Services Specialist | 4,360 EUR | -10% |
| Employee Wellness Officer | 3,500 EUR | -28% |
| Employment Advice Worker | 2,270 EUR | -53% |
| Employment Interviewer | 3,340 EUR | -31% |
| Employment Relations Officer | 2,420 EUR | -50% |
| Employment Service Specialist | 2,920 EUR | -40% |
| Employment Services Coordinator | 3,160 EUR | -35% |
| Enrollment Counselor | 4,140 EUR | -15% |
| Equal Opportunity Representative | 3,560 EUR | -27% |
| Executive Human Capital Management | 6,610 EUR | +36% |
| Executive Recruiter | 4,770 EUR | -2% |
| Expatriate Administration Manager | 4,560 EUR | -6% |
| Expatriate Administration Supervisor | 3,340 EUR | -31% |
| Global Mobility Manager | 5,950 EUR | +22% |
| Head of Culture | 5,090 EUR | +5% |
| Head of Human Resources | 6,000 EUR | +23% |
| Headhunter | 4,460 EUR | -8% |
| Health Benefits Coordinator | 2,720 EUR | -44% |
| HRIS Analyst | 2,490 EUR | -49% |
| HRIS Manager | 3,920 EUR | -19% |
| HRIS Officer | 2,170 EUR | -55% |
| HRIS Supervisor | 2,480 EUR | -49% |
| Human Resources Administration Specialist | 2,740 EUR | -44% |
| Human Resources Administrative Assistant | 2,080 EUR | -57% |
| Human Resources Administrative Coordinator | 2,770 EUR | -43% |
| Human Resources Administrator | 2,970 EUR | -39% |
| Human Resources Advisor | 4,500 EUR | -7% |
| Human Resources Analyst | 3,770 EUR | -22% |
| Human Resources Assessor | 2,520 EUR | -48% |
| Human Resources Assistant | 1,990 EUR | -59% |
| Human Resources Assistant Manager | 4,780 EUR | -2% |
| Human Resources Associate | 2,080 EUR | -57% |
| Human Resources Compliance Officer | 4,240 EUR | -13% |
| Human Resources Consultant | 4,960 EUR | +2% |
| Human Resources Coordinator | 2,150 EUR | -56% |
| Human Resources Data Analytics Manager | 4,050 EUR | -17% |
| Human Resources Data Scientist | 4,310 EUR | -11% |
| Human Resources Deputy Manager | 4,940 EUR | +2% |
| Human Resources Development Manager | 6,130 EUR | +26% |
| Human Resources Director | 6,670 EUR | +37% |
| Human Resources Executive | 4,730 EUR | -3% |
| Human Resources Generalist | 3,500 EUR | -28% |
| Human Resources Manager | 6,160 EUR | +27% |
| Human Resources Officer | 2,560 EUR | -47% |
| Human Resources Recruiter | 4,770 EUR | -2% |
| Human Resources Representative | 2,720 EUR | -44% |
| Human Resources Section Head | 4,190 EUR | -14% |
| Human Resources Services Manager | 5,260 EUR | +8% |
| Human Resources Shared Services Manager | 4,450 EUR | -8% |
| Human Resources Specialist | 3,520 EUR | -28% |
| Human Resources Superintendent | 2,590 EUR | -47% |
| Human Resources Systems Administrator | 3,740 EUR | -23% |
| Human Resources Technology Consultant | 3,890 EUR | -20% |
| Human Resources Training Executive | 4,860 EUR | -0% |
| Human Resources Transformation Consultant | 4,630 EUR | -5% |
| Human Resources Vice President | 6,140 EUR | +26% |
| Industrial Organizational Psychologist | 5,770 EUR | +19% |
| Job Evaluation Specialist | 4,320 EUR | -11% |
| Labor Relations Director | 5,410 EUR | +11% |
| Labor Relations Manager | 5,110 EUR | +5% |
| Labor Relations Specialist | 2,500 EUR | -49% |
| Learning and Development Manager | 5,830 EUR | +20% |
| Learning and Development Specialist | 3,950 EUR | -19% |
| Occupational Health and Safety Officer | 2,650 EUR | -45% |
| Organizational Development Consultant | 5,210 EUR | +7% |
| Organizational Development Manager | 5,390 EUR | +11% |
| Organizational Development Specialist | 2,990 EUR | -38% |
| Payroll Assistant | 2,340 EUR | -52% |
| Payroll Supervisor | 2,790 EUR | -43% |
| People Development Officer | 3,440 EUR | -29% |
| People Operations Analyst | 4,170 EUR | -14% |
| Personnel Officer | 2,100 EUR | -57% |
| Personnel Recruiter | 4,840 EUR | -0% |
| Records Clerk | 1,990 EUR | -59% |
| Records Manager | 2,860 EUR | -41% |
| Recruiter | 4,860 EUR | -0% |
| Recruiting Coordinator | 2,540 EUR | -48% |
| Recruiting Manager | 6,260 EUR | +29% |
| Recruitment Consultant | 4,400 EUR | -9% |
| Recruitment Officer | 2,630 EUR | -46% |
| Recruitment Supervisor | 3,900 EUR | -20% |
| Remote Collaboration Consultant | 3,520 EUR | -28% |
| Remote Work Compliance Manager | 4,760 EUR | -2% |
| Remote Work Coordinator | 3,400 EUR | -30% |
| Remote Work Manager | 4,180 EUR | -14% |
| Research Associate | 2,410 EUR | -50% |
| SAP Resource Manager | 4,800 EUR | -1% |
| Talent Acquisition Manager | 6,220 EUR | +28% |
| Talent Acquisition Specialist | 3,620 EUR | -26% |
| Talent Brand Manager | 5,040 EUR | +4% |
| Talent Management Officer | 3,120 EUR | -36% |
| Technical Recruiter | 2,940 EUR | -40% |
| Training Administrator | 2,810 EUR | -42% |
| Training and Development Manager | 5,460 EUR | +12% |
| Training and Development Section Head | 4,840 EUR | -0% |
| Training Executive | 5,020 EUR | +3% |
| Training Manager | 5,610 EUR | +15% |
| Training Officer | 2,390 EUR | -51% |
| Training Specialist | 3,700 EUR | -24% |
| Workforce Planning Analyst | 4,150 EUR | -15% |
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 |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Recruiter in Monaco?
A good and competitive compensation would range anywhere between 4,340 EUR and 4,900 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 Recruiter in Monaco ranges from 2,630 EUR to 3,640 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
