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Laboratory Technician Average Salary in Montserrat 2021

How much money does a Laboratory Technician make in Montserrat?


Average Monthly Salary
1,970 XCD
( 23,600 XCD yearly)

LOW
1,000
XCD
AVERAGE
1,970
XCD
HIGH
3,030
XCD

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 Salary Distribution in Montserrat

Median and salary distribution monthly Montserrat Laboratory Technician
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The median, the maximum, the minimum, and the range

  • Salary Range

    Laboratory Technician salaries in Montserrat range from 1,000 XCD per month (minimum salary) to 3,030 XCD per month (maximum salary).

  • Median 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.

  • Percentiles

    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.


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

Laboratory Technician Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Montserrat Laboratory Technician
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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.

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.

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.


Laboratory Technician average salary change by experience in Montserrat

0 - 2 Years
1,130 XCD
2 - 5 Years+31%
1,470 XCD
5 - 10 Years+40%
2,060 XCD
10 - 15 Years+20%
2,480 XCD
15 - 20 Years+9%
2,690 XCD
20+ Years+8%
2,900 XCD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Laboratory Technician Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Laboratory Technician(s) who have the same experience but different education levels.

Salary comparison by education level monthly Montserrat Laboratory Technician
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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 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.


Laboratory Technician average salary difference by education level in Montserrat

Bachelor's Degree
1,390 XCD
Master's Degree+77%
2,470 XCD
Percentage increase and decrease are relative to the previous value

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 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.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Laboratory Technician Salary Comparison By Gender

Salary comparison by gender monthly Montserrat Laboratory Technician
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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? Male Laboratory Technician employees in Montserrat earn 16% more than their female counterparts on average.

Male
2,130 XCD
Female-14%
1,830 XCD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Montserrat for all Careers

Salary comparison by gender monthly Montserrat
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Laboratory Technician Average Annual Salary Increment Percentage in Montserrat

How much are annual salary increments in Montserrat for Laboratory Technician(s)? How often do employees get salary raises?

Laboratory Technician

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.

Annual Salary Increment Rate Montserrat Laboratory Technician
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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.

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

The average salary increase in one year (12 months) in Montserrat is 2%.

Annual Increment Rate By Industry 2020

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 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

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Laboratory Technician Bonus and Incentive Rates in Montserrat

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Montserrat Laboratory Technician
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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.

Received Bonus
11%
No Bonus
89%

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.

Laboratory Technician Average Hourly Wage in Montserrat


11 XCD per hour

The average hourly wage (pay per hour) in Montserrat is 11 XCD. This means that the average Laboratory Technician in Montserrat earns approximately 11 XCD for every worked hour.


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

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.

Laboratory Technician VS Other Jobs

Salary Comparison Between Laboratory Technician and Health and Medical monthly Montserrat
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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.

Salary comparison with similar jobs

Job TitleAverage Salary
Academic Clinician5,490 XCD+180%
Admitting Officer2,080 XCD+6%
Ambulance Dispatcher2,000 XCD+2%
Ambulance Driver1,920 XCD-2%
Ambulance Officer and Paramedic2,270 XCD+15%
Ambulatory Services Director3,960 XCD+100%
Anatomic Pathology Supervisor4,640 XCD+140%
Anesthesia Technician2,980 XCD+51%
Anesthesiologist8,040 XCD+310%
Anesthesiology Assistant2,880 XCD+46%
Assistant Optometrist2,310 XCD+17%
Audiologist4,970 XCD+150%
Biomedical Engineering Director3,600 XCD+83%
Biomedical Engineering Technician1,980 XCD+1%
Cardiac Technician1,810 XCD-8%
Cardiovascular Specialist10,800 XCD+450%
Cardiovascular Technologist3,880 XCD+97%
Central Sterile Processing Technician2,320 XCD+18%
Charge Entry Specialist2,510 XCD+27%
Clinical Application Specialist2,600 XCD+32%
Clinical Biochemist4,600 XCD+130%
Clinical Cytogeneticist4,100 XCD+110%
Clinical Data Reviewer2,470 XCD+25%
Clinical Development Specialist3,220 XCD+64%
Clinical Field Associate2,440 XCD+24%
Clinical Genetic Technologist4,040 XCD+110%
Clinical Microbiologist5,110 XCD+160%
Clinical Molecular Geneticist4,450 XCD+130%
Clinical Neuropsychologist5,520 XCD+180%
Clinical Research Coordinator2,860 XCD+45%
Clinical Scientist5,170 XCD+160%
CME Specialist4,370 XCD+120%
CT Technologist2,390 XCD+21%
Cytogenetic Technologist3,740 XCD+90%
Diagnostic Medical Sonographer3,030 XCD+54%
Dispensing Optician2,450 XCD+24%
Dosimetrist3,390 XCD+72%
EKG Technician2,310 XCD+17%
Endoscopic Assistant2,190 XCD+11%
Endoscopy Technician2,170 XCD+10%
Enterostomal Therapist3,650 XCD+85%
Epidemiologist4,350 XCD+120%
FGP Ultrasound Techncian2,270 XCD+15%
Health Systems Specialist3,280 XCD+67%
Health Technologist3,480 XCD+77%
Healthcare Data Analyst2,740 XCD+39%
Hearing Aid Specialist2,650 XCD+35%
Histotechnologist3,370 XCD+71%
Immunologist4,910 XCD+150%
Industrial Hygienist3,570 XCD+81%
Infection Control Coordinator2,470 XCD+25%
Infection Control Practitioner5,570 XCD+180%
Infection Preventionist3,780 XCD+92%
Informatics Practice Specialist2,970 XCD+51%
Interventional Radiographer4,430 XCD+120%
Lab Assistant1,990 XCD+1%
Laboratory Manager3,950 XCD+100%
Laboratory Technician1,970 XCD+0%
Low Vision Therapist4,540 XCD+130%
Mammography Technician1,980 XCD+1%
Medical Coder1,870 XCD-5%
Medical Courier1,380 XCD-30%
Medical Equipment Preparer2,070 XCD+5%
Medical Forms Designer1,810 XCD-8%
Medical Technologist2,400 XCD+22%
MRI Technologist2,140 XCD+9%
Music Therapist2,910 XCD+48%
Neonatologist5,890 XCD+200%
Neurodiagnostic Techncian2,080 XCD+6%
Neuropsychology Testing Assistant1,920 XCD-2%
Nuclear Medical Technician2,820 XCD+43%
Nuclear Medicine Technolgoist2,890 XCD+47%
Nutrition Assistant2,210 XCD+12%
Occupaitional Therapy Assistant2,290 XCD+16%
Operating Room Scheduler1,950 XCD-1%
Operating Room Services Director6,330 XCD+220%
Ophthalmic Assistant2,330 XCD+18%
Ophthalmic Laboratory Technician2,210 XCD+12%
Optician4,930 XCD+150%
Orthopedic Technician2,230 XCD+13%
Orthoptist5,970 XCD+200%
Orthotist6,240 XCD+220%
Pathology Assistant2,200 XCD+12%
Perfusionist6,430 XCD+230%
Phlebotomist1,650 XCD-16%
Pre Authorization Case Manager2,990 XCD+52%
Prosthetist5,100 XCD+160%
Radiation Therapist7,260 XCD+270%
Radiation Therapy Technologist3,060 XCD+55%
Radiographer5,050 XCD+160%
Radiography Technologist2,890 XCD+47%
Radiologic Technologist2,940 XCD+49%
Radiology Technologist3,060 XCD+55%
Respiratory Care Practitioner5,880 XCD+200%
Respiratory Therapist4,330 XCD+120%
Respiratory Therapy Technician2,450 XCD+24%
Sonographer3,110 XCD+58%
Sonography Technologist3,030 XCD+54%
Speech and Language Pathologist4,660 XCD+140%
Ultrasonographer2,480 XCD+26%
Ultrasound Technologist2,250 XCD+14%
Vascular Technologist2,200 XCD+12%
X-Ray Technologist2,980 XCD+51%

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
Percentage increase and decrease are relative to the previous value
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