Dump Truck Driver Average Salary in Monaco 2021
How much money does a Dump Truck Driver make in Monaco?
LOW
830
EUR AVERAGE
1,690
EUR HIGH
2,630
EUR
A person working as a Dump Truck Driver in Monaco typically earns around 1,690 EUR per month. Salaries range from 830 EUR (lowest) to 2,630 EUR (highest).
This is the average monthly salary including housing, transport, and other benefits. Dump Truck Driver salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Dump Truck Driver Salary Distribution in Monaco
The median, the maximum, the minimum, and the range
Salary Range
Dump Truck Driver salaries in Monaco range from 830 EUR per month (minimum salary) to 2,630 EUR per month (maximum salary).
Median Salary
The median salary is 1,720 EUR per month, which means that half (50%) of people working as Dump Truck Driver(s) are earning less than 1,720 EUR while the other half are earning more than 1,720 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 Dump Truck Driver(s) are earning less than 1,150 EUR while 75% of them are earning more than 1,150 EUR. Also from the diagram, 75% of Dump Truck Driver(s) are earning less than 2,220 EUR while 25% are earning more than 2,220 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
Dump Truck Driver Salary Comparison by Years of Experience
How does experience and age affect your pay?
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 Dump Truck Driver salaries by experience level and this is what we found.
A Dump Truck Driver with less than two years of experience makes approximately 980 EUR per month.
While someone with an experience level between two and five years is expected to earn 1,260 EUR per month, 28% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 1,740 EUR per month, 38% more than someone with two to five years of experience.
Additionally, Dump Truck Driver(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,150 EUR per month, 24% 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 2,310 EUR per month, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 2,460 EUR per month, 7% more than people with fifteen to twenty years of experience.
Dump Truck Driver average salary change by experience in Monaco
| 0 - 2 Years | 980 EUR | |
| 2 - 5 Years | +28% | 1,260 EUR |
| 5 - 10 Years | +38% | 1,740 EUR |
| 10 - 15 Years | +24% | 2,150 EUR |
| 15 - 20 Years | +7% | 2,310 EUR |
| 20+ Years | +7% | 2,460 EUR |
Typical Salary Progress for Most Careers
Dump Truck Driver Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Dump Truck Driver(s) who have the same experience but different education levels.
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 Dump Truck Driver salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Dump Truck Driver is 1,390 EUR per month.
While someone with a Certificate or Diploma gets a salary of 2,290 EUR per month, 65% more than someone having a High School degree.
Dump Truck Driver average salary difference by education level in Monaco
| High School | 1,390 EUR | |
| Certificate or Diploma | +65% | 2,290 EUR |
Typical Salary Difference by Education for Most Careers
Dump Truck Driver Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Dump Truck Driver employees in Monaco earn 11% more than their female counterparts on average.
| Male | 1,760 EUR | |
| Female | -10% | 1,580 EUR |
Salary Comparison By Gender in Monaco for all Careers
Dump Truck Driver Average Annual Salary Increment Percentage in Monaco
How much are annual salary increments in Monaco for Dump Truck Driver(s)? How often do employees get salary raises?
Dump Truck Driver
Dump Truck Driver(s) in Monaco are likely to observe a salary increase of approximately 8% every 26 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 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
Annual Increment Rate By Industry 2020
| Banking | 7% | |
| Energy | 5% | |
| Information Technology | 3% | |
| Healthcare | 1% | |
| Travel | 8% | |
| Construction | 6% | |
| Education | 4% |
Listed above are the average annual increase rates for each industry in Monaco 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.
Worldwide Salary Raises: All Countries and All Jobs
Dump Truck Driver Bonus and Incentive Rates in Monaco
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/monaco/oil-gas-energy-mining/dump-truck-driver/annual-salary-bonus-rate-monaco-dump-truck-driver.jpg
A Dump Truck Driver 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 4% of their annual salary.
| Received Bonus | 12% | |
| No Bonus | 88% |
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.
Dump Truck Driver Average Hourly Wage in Monaco
10 EUR per hourThe average hourly wage (pay per hour) in Monaco is 10 EUR. This means that the average Dump Truck Driver in Monaco earns approximately 10 EUR for every worked hour.
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.
Dump Truck Driver VS Other Jobs
The average salary for Dump Truck Driver is 56% less than that of Oil / Gas / Energy / Mining. Also, Oil / Gas / Energy / Mining salaries are 9% less than those of All Jobs.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Assistant Yard Manager | 3,660 EUR |  +120% |
| Associate Analyst | 4,070 EUR | +140% |
| Associate Landman | 1,880 EUR | +11% |
| Auxiliary Equipment Operator | 1,720 EUR | +2% |
| Biomass Plant Technician | 2,170 EUR | +29% |
| Biomass Power Plant Manager | 5,320 EUR | +220% |
| Chemical Plant Operator | 3,120 EUR | +85% |
| Chief Contract Compliance Engineer | 3,900 EUR | +130% |
| Completions Engineer | 3,700 EUR | +120% |
| Cost Controller | 2,890 EUR | +71% |
| Crude Oil Marketing Representative | 4,220 EUR | +150% |
| Dispatcher | 1,910 EUR | +13% |
| Distribution Manager | 5,550 EUR | +230% |
| Dragline Operator | 1,970 EUR | +17% |
| Driller Offsider | 1,580 EUR |  -6% |
| Dump Truck Driver | 1,690 EUR | +0% |
| Electric and Gas Operations Manager | 8,390 EUR | +400% |
| Energy Advisor | 5,570 EUR | +230% |
| Energy Analyst | 5,300 EUR | +210% |
| Energy Auditor | 4,910 EUR | +190% |
| Energy Dispatch Director | 6,670 EUR | +300% |
| Energy Technical Assistant | 2,440 EUR | +45% |
| Energy Technical Manager | 4,570 EUR | +170% |
| Energy Technical Trainer | 3,440 EUR | +100% |
| Exploration Manager | 6,380 EUR | +280% |
| Field Safety Auditor | 4,350 EUR | +160% |
| Fluids Engineer | 3,960 EUR | +130% |
| Fuel Cell Engineer | 4,100 EUR | +140% |
| Fuel Cell Technician | 2,210 EUR | +31% |
| Fuels Handler | 2,000 EUR | +18% |
| Gas Compressor Operator | 1,870 EUR | +11% |
| Gas Distribution Plant Operator | 3,340 EUR | +98% |
| Gas Supply Manager | 6,070 EUR | +260% |
| Geologist | 6,730 EUR | +300% |
| Geophysicist | 6,930 EUR | +310% |
| Geothermal Production Manager | 6,700 EUR | +300% |
| Geothermal Technician | 2,770 EUR | +64% |
| HSE Engineer | 3,840 EUR | +130% |
| HSE Officer | 2,560 EUR | +52% |
| HSEQ Administrator | 2,750 EUR | +63% |
| Inspector | 3,630 EUR | +120% |
| Instructor | 3,270 EUR | +94% |
| Instrument Designer | 3,190 EUR | +89% |
| Lead Technical Field Advisor | 4,800 EUR | +180% |
| Logistics and Tool Coordinator | 3,360 EUR | +99% |
| Maintenance Engineer | 3,880 EUR | +130% |
| Maintenance Superintendent | 3,490 EUR | +110% |
| Material Controller | 2,670 EUR | +58% |
| Mine Engineer | 3,920 EUR | +130% |
| Mine Surveyor | 4,180 EUR | +150% |
| Mining Project Administrator | 3,410 EUR | +100% |
| Mining Project Assistant | 2,850 EUR | +69% |
| Mining Project Controls Consultant | 4,510 EUR | +170% |
| Mining Project Coordinator | 3,480 EUR | +110% |
| Mining Project Engineer | 3,660 EUR | +120% |
| Mining Project Manager | 4,880 EUR | +190% |
| Mining Site Manager | 5,030 EUR | +200% |
| Mining Team Leader | 4,330 EUR | +160% |
| NDT Technician | 2,490 EUR | +48% |
| Oil Service Unit Operator | 2,260 EUR | +34% |
| Oil Trader | 4,940 EUR | +190% |
| Oilwell Pumper | 1,620 EUR | -4% |
| Petroleum Engineer | 4,360 EUR | +160% |
| Petroleum Geologist | 6,910 EUR | +310% |
| Petroleum Pump System Operator | 2,260 EUR | +34% |
| Pipeline Technician | 1,620 EUR | -4% |
| Power Coordinator | 2,630 EUR | +56% |
| Power Plant Operations Manager | 7,390 EUR | +340% |
| Power Plant Operator | 3,280 EUR | +94% |
| Radio Operator | 1,830 EUR | +8% |
| Reliability Engineer | 4,030 EUR | +140% |
| Reservoir Engineer | 3,670 EUR | +120% |
| Risk Analyst | 4,600 EUR | +170% |
| Roughneck | 4,160 EUR | +150% |
| Scaffolder | 2,660 EUR | +58% |
| Shutdown Engineer | 3,240 EUR | +92% |
| Solar Energy Installation Manager | 5,530 EUR | +230% |
| Solar Energy Systems Engineer | 4,150 EUR | +150% |
| Solar Photovoltaic Installer | 2,580 EUR | +53% |
| Solar Thermal Technician | 2,580 EUR | +53% |
| Supply Operations Manager | 6,060 EUR | +260% |
| Sustainability Specialist | 6,080 EUR | +260% |
| System Development Advisor | 4,280 EUR | +150% |
| Tanker Truck Driver | 1,700 EUR | +1% |
| Utility Operator | 2,220 EUR | +32% |
| Wind Energy Project Manager | 5,290 EUR | +210% |
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 Monaco earn 10% more than their private sector counterparts on average across all sectors.
| Private Sector | 4,110 EUR | |
| Public Sector | +10% | 4,540 EUR |
