Jeweler Average Salary in Montserrat 2023
How much money does a person working as Jeweler make in Montserrat?
LOW
1,050
XCD AVERAGE
2,060
XCD HIGH
3,170
XCD
A person working as Jeweler in Montserrat typically earns around 2,060 XCD per month. Salaries range from 1,050 XCD (lowest) to 3,170 XCD (highest).
This is the average monthly salary including housing, transport, and other benefits. Jeweler salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Jeweler Pay Scale and Salaries in Montserrat
Salary Structure and Pay Scale Comparison
1,880 XCD or more
1,670 to 1,880 XCD
1,210 XCD or less
1,210 to 1,670 XCD
 1,050 XCD |
1,890 XCD |
3,170 XCD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Jeweler salaries in Montserrat range from 1,050 XCD per month (starting salary) to 3,170 XCD per month (maximum salary). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.
Median Salary
The median salary is 1,890 XCD per month, which means that half (50%) of people working as Jeweler(s) are earning less than 1,890 XCD while the other half are earning more than 1,890 XCD. 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 and Salary Scale
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Jeweler(s) are earning less than 1,560 XCD while 75% of them are earning more than 1,560 XCD. Also from the diagram, 75% of Jeweler(s) are earning less than 2,150 XCD while 25% are earning more than 2,150 XCD.
Pay Scale Structure
We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 1,210 XCD to 1,670 XCD. Approximatly 20% fall under the 1,210 XCD cap. Ten percent of wages are from 1,670 XCD to 1,880 XCD. Only 5% of people grossed 1,880 XCD or more.
Jeweler Salary Comparison by Years of Experience
How does experience and age affect your pay?
Jeweler average salary change by experience in Montserrat
| 0 - 2 Years | 1,180 XCD | |
| 2 - 5 Years | +31% | 1,540 XCD |
| 5 - 10 Years | +40% | 2,150 XCD |
| 10 - 15 Years | +20% | 2,590 XCD |
| 15 - 20 Years | +9% | 2,810 XCD |
| 20+ Years | +8% | 3,040 XCD |
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 Jeweler salaries by experience level and this is what we found.
Employees with less than two years of experience makes approximately 1,180 XCD per month.
While someone with an experience level between two and five years is expected to earn 1,540 XCD per month, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,150 XCD per month, 40% more than someone with two to five years of experience.
Additionally, Jeweler whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,590 XCD per month, 20% 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 2,810 XCD per month, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 3,040 XCD per month, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Jeweler Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Jeweler(s) who have the same experience but different education levels.
Jeweler average salary difference by education level in Montserrat
| High School | 1,390 XCD | |
| Certificate or Diploma | +76% | 2,450 XCD |
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 Jeweler salaries by education level in order to make a comparison.
When the education level is High School, the average salary is 1,390 XCD per month.
While someone with a Certificate or Diploma gets a salary of 2,450 XCD per month, 76% more than someone having a High School degree.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender - Jeweler
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Jeweler employees in Montserrat earn 14% less than their female counterparts on average.
| Male | 1,910 XCD | |
| Female | +16% | 2,230 XCD |
Salary Comparison By Gender in Montserrat for all Careers
Jeweler Average Annual Salary Increment Percentage in Montserrat
How much are annual salary increments in Montserrat for Jeweler(s)? How often do employees get salary raises?
Jeweler
Jeweler(s) in Montserrat are likely to observe a salary increase of approximately 6% every 30 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
Montserrat / 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 2022
| Banking | 1% | |
| Energy | 2% | |
| Information Technology | 3% | |
| Healthcare | 4% | |
| Travel | 5% | |
| Construction | 6% | |
| Education | 7% |
Listed above are the average annual increase rates for each industry in Montserrat for the year 2022. 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
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.
Jeweler Bonus and Incentive Rates in Montserrat
How much and how often are bonuses being awarded?
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"Jeweler" is considered to be a moderate bonus-based job. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
64% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 36% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.
| Received Bonus | 36% | |
| No Bonus | 64% |
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.
Jeweler Salary Trend and Forecast in Montserrat
How are Jeweler salaries changing over time? Listed below is a chart that shows the average salary in recent years.
| Average Salary 2019 | 1,880 XCD | |
| Average Salary 2020 | +2% | 1,910 XCD |
| Average Salary 2021 | +3% | 1,970 XCD |
| Average Salary 2022 | +2% | 2,010 XCD |
Jeweler salaries in Montserrat are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 2% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.
Jeweler Average Hourly Wage in Montserrat
12 XCD per hourThe average hourly wage (pay per hour) in Montserrat is 12 XCD. This means that the average Jeweler in Montserrat earns approximately 12 XCD 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 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.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for 'Jeweler' in Montserrat is 6 XCD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Jeweler VS Other Jobs
The average salary for Jeweler is 8% less than that of Fashion and Apparel. Also, Fashion and Apparel salaries are 18% less than those of All Jobs.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Alterations Specialist | 1,130 XCD |  -45% |
| Barber | 1,130 XCD | -45% |
| Bench Jeweler | 890 XCD | -57% |
| Clothing and Textile Technologist | 2,380 XCD |  +15% |
| Cosmetology Educator | 2,590 XCD | +26% |
| Diamond Setter | 1,190 XCD | -42% |
| Fabric Manager | 2,650 XCD | +29% |
| Fashion Design Manager | 4,070 XCD | +97% |
| Fashion Merchandiser | 1,680 XCD | -18% |
| Fashion Model | 2,500 XCD | +21% |
| Freelance Fashion Stylist | 3,940 XCD | +91% |
| Garment Technologist | 2,170 XCD | +5% |
| Hairstylist | 1,240 XCD | -40% |
| Jeweler | 2,060 XCD | -0% |
| Jewelry Mold Maker | 1,480 XCD | -28% |
| Jewelry Polisher | 860 XCD | -58% |
| Jewelry Sales | 1,750 XCD | -15% |
| Plating Manager | 2,700 XCD | +31% |
| Product Development Manager | 5,020 XCD | +140% |
| Sewing Machine Operator | 810 XCD | -61% |
| Shoe Sales | 1,360 XCD | -34% |
| Supply Chain Manager | 4,560 XCD | +120% |
| Tailor / Fitter | 1,140 XCD | -45% |
| Trend Forecaster | 2,600 XCD | +26% |
| Visual Merchandising Coordinator | 1,840 XCD | -11% |
| Visual Merchandising Projects Manager | 3,890 XCD | +89% |
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 Montserrat earn 11% more than their private sector counterparts on average across all sectors.
| Private Sector | 2,550 XCD | |
| Public Sector | +11% | 2,820 XCD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for Jeweler in Montserrat?
A good and competitive compensation would range anywhere between 1,890 XCD and 2,150 XCD. This is a very rough estimate and your experience and education will play a very huge part into your 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 salart after tax for every career.
Base / Basic Salary
The base salary for Jeweler in Montserrat is ranges from 1,560 XCD to 2,150 XCD. 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 in 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 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
