A person working as a Laboratory Technician in Montserrat typically earns around 1,970 XCD per month. Salaries range from 1,000 XCD (lowest) to 3,030 XCD (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 Montserrat range from 1,000 XCD per month (minimum salary) to 3,030 XCD per month (maximum salary).
The median salary is 1,930 XCD per month, which means that half (50%) of people working as Laboratory Technician(s) are earning less than 1,930 XCD while the other half are earning more than 1,930 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.
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 1,320 XCD while 75% of them are earning more than 1,320 XCD. Also from the diagram, 75% of Laboratory Technician(s) are earning less than 2,430 XCD while 25% are earning more than 2,430 XCD.
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 1,130 XCD per month.
While someone with an experience level between two and five years is expected to earn 1,470 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 2,060 XCD per month, 40% 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 2,480 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 2,690 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 2,900 XCD per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+31%|
|5 - 10 Years||+40%|
|10 - 15 Years||+20%|
|15 - 20 Years||+9%|
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 1,390 XCD per month.
While someone with a Master's Degree gets a salary of 2,470 XCD per month, 77% more than someone having a Bachelor's Degree degree.
A Master's degree program or any post-graduate program in Montserrat costs anywhere from 13,600 East Caribbean Dollar(s) to 40,700 East Caribbean 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 Montserrat earn 16% more than their female counterparts on average.
Laboratory Technician(s) in Montserrat are likely to observe a salary increase of approximately 5% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 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 Montserrat 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.
89% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 11% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 1% 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 42% 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||5,490 XCD||+180%|
|Admitting Officer||2,080 XCD||+6%|
|Ambulance Dispatcher||2,000 XCD||+2%|
|Ambulance Driver||1,920 XCD||-2%|
|Ambulance Officer and Paramedic||2,270 XCD||+15%|
|Ambulatory Services Director||3,960 XCD||+100%|
|Anatomic Pathology Supervisor||4,640 XCD||+140%|
|Anesthesia Technician||2,980 XCD||+51%|
|Anesthesiology Assistant||2,880 XCD||+46%|
|Assistant Optometrist||2,310 XCD||+17%|
|Biomedical Engineering Director||3,600 XCD||+83%|
|Biomedical Engineering Technician||1,980 XCD||+1%|
|Cardiac Technician||1,810 XCD||-8%|
|Cardiovascular Specialist||10,800 XCD||+450%|
|Cardiovascular Technologist||3,880 XCD||+97%|
|Central Sterile Processing Technician||2,320 XCD||+18%|
|Charge Entry Specialist||2,510 XCD||+27%|
|Clinical Application Specialist||2,600 XCD||+32%|
|Clinical Biochemist||4,600 XCD||+130%|
|Clinical Cytogeneticist||4,100 XCD||+110%|
|Clinical Data Reviewer||2,470 XCD||+25%|
|Clinical Development Specialist||3,220 XCD||+64%|
|Clinical Field Associate||2,440 XCD||+24%|
|Clinical Genetic Technologist||4,040 XCD||+110%|
|Clinical Microbiologist||5,110 XCD||+160%|
|Clinical Molecular Geneticist||4,450 XCD||+130%|
|Clinical Neuropsychologist||5,520 XCD||+180%|
|Clinical Research Coordinator||2,860 XCD||+45%|
|Clinical Scientist||5,170 XCD||+160%|
|CME Specialist||4,370 XCD||+120%|
|CT Technologist||2,390 XCD||+21%|
|Cytogenetic Technologist||3,740 XCD||+90%|
|Diagnostic Medical Sonographer||3,030 XCD||+54%|
|Dispensing Optician||2,450 XCD||+24%|
|EKG Technician||2,310 XCD||+17%|
|Endoscopic Assistant||2,190 XCD||+11%|
|Endoscopy Technician||2,170 XCD||+10%|
|Enterostomal Therapist||3,650 XCD||+85%|
|FGP Ultrasound Techncian||2,270 XCD||+15%|
|Health Systems Specialist||3,280 XCD||+67%|
|Health Technologist||3,480 XCD||+77%|
|Healthcare Data Analyst||2,740 XCD||+39%|
|Hearing Aid Specialist||2,650 XCD||+35%|
|Industrial Hygienist||3,570 XCD||+81%|
|Infection Control Coordinator||2,470 XCD||+25%|
|Infection Control Practitioner||5,570 XCD||+180%|
|Infection Preventionist||3,780 XCD||+92%|
|Informatics Practice Specialist||2,970 XCD||+51%|
|Interventional Radiographer||4,430 XCD||+120%|
|Lab Assistant||1,990 XCD||+1%|
|Laboratory Manager||3,950 XCD||+100%|
|Laboratory Technician||1,970 XCD||+0%|
|Low Vision Therapist||4,540 XCD||+130%|
|Mammography Technician||1,980 XCD||+1%|
|Medical Coder||1,870 XCD||-5%|
|Medical Courier||1,380 XCD||-30%|
|Medical Equipment Preparer||2,070 XCD||+5%|
|Medical Forms Designer||1,810 XCD||-8%|
|Medical Technologist||2,400 XCD||+22%|
|MRI Technologist||2,140 XCD||+9%|
|Music Therapist||2,910 XCD||+48%|
|Neurodiagnostic Techncian||2,080 XCD||+6%|
|Neuropsychology Testing Assistant||1,920 XCD||-2%|
|Nuclear Medical Technician||2,820 XCD||+43%|
|Nuclear Medicine Technolgoist||2,890 XCD||+47%|
|Nutrition Assistant||2,210 XCD||+12%|
|Occupaitional Therapy Assistant||2,290 XCD||+16%|
|Operating Room Scheduler||1,950 XCD||-1%|
|Operating Room Services Director||6,330 XCD||+220%|
|Ophthalmic Assistant||2,330 XCD||+18%|
|Ophthalmic Laboratory Technician||2,210 XCD||+12%|
|Orthopedic Technician||2,230 XCD||+13%|
|Pathology Assistant||2,200 XCD||+12%|
|Pre Authorization Case Manager||2,990 XCD||+52%|
|Radiation Therapist||7,260 XCD||+270%|
|Radiation Therapy Technologist||3,060 XCD||+55%|
|Radiography Technologist||2,890 XCD||+47%|
|Radiologic Technologist||2,940 XCD||+49%|
|Radiology Technologist||3,060 XCD||+55%|
|Respiratory Care Practitioner||5,880 XCD||+200%|
|Respiratory Therapist||4,330 XCD||+120%|
|Respiratory Therapy Technician||2,450 XCD||+24%|
|Sonography Technologist||3,030 XCD||+54%|
|Speech and Language Pathologist||4,660 XCD||+140%|
|Ultrasound Technologist||2,250 XCD||+14%|
|Vascular Technologist||2,200 XCD||+12%|
|X-Ray Technologist||2,980 XCD||+51%|
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.