Average Salary in New Caledonia 2020
How much money does a person working in New Caledonia make?
LOW
12,000
XPF AVERAGE
88,400
XPF HIGH
391,000
XPF
A person working in New Caledonia typically earns around 88,400 XPF per month. Salaries range from 12,000 XPF (lowest average) to 391,000 XPF (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Distribution of Salaries in New Caledonia
The median, the maximum, the minimum, and the range
Salary Range
Salaries in New Caledonia range from 12,000 XPF per month (minimum salary) to 391,000 XPF per month (maximum average salary, actual maximum is higher).
Median Salary
The median salary is 81,300 XPF per month, which means that half (50%) of the population are earning less than 81,300 XPF while the other half are earning more than 81,300 XPF. 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 the population are earning less than 42,000 XPF while 75% of them are earning more than 42,000 XPF. Also from the diagram, 75% of the population are earning less than 217,000 XPF while 25% are earning more than 217,000 XPF.
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
Salary Comparison by Years of Experience
How does a person's salary progress over time?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.
Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
Salary Comparison By Education
How does the education level affect your salary?
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.
Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.
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 New Caledonia costs anywhere from 442,000 CFP Franc(s) to 1,330,000 CFP Franc(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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
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 employees in New Caledonia earn 12% more than their female counterparts.
| Female | 82,200 XPF | |
| Male | +12% | 92,400 XPF |
Average Annual Salary Increment Percentage in New Caledonia
How much are annual salary increments in New Caledonia? How often do employees get salary raises?
New Caledonia
Employees in New Caledonia are likely to observe a salary increase of approximately 5% every 28 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.
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 2019
| 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 New Caledonia for the year 2019. 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.
Average Salary Increase Rate by Experience Level
| Junoir Level | 3% - 5% | |
| Mid-Career | 6% - 9% | |
| Senior Level | 10% - 15% | |
| Top Management | 15% - 20% |
The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.
Worldwide Salary Raises: All Countries and All Jobs
Bonus and Incentive Rates in New Caledonia
How much and how often are bonuses being awarded?
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69% of surveyed staff in New Caledonia reported that they haven't received any bonuses or incentives in the previous year while 31% 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 | 31% | |
| No Bonus | 69% |
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.
Bonus Rates Comparison by Career Field
| Finance | High | |
| Architecture | High | |
| Sales | High | |
| Business Development | High | |
| Marketing / Advertising | High | |
| Information Technology | Moderate | |
| Healthcare | Moderate | |
| Insurance | Moderate | |
| Customer Service | Moderate | |
| Human Resources | Moderate | |
| Construction | Low | |
| Transport | Low | |
| Hospitality | Low |
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.
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 New Caledonia earn 11% more than their private sector counterparts.
| Private Sector | 83,100 XPF | |
| Public Sector | +11% | 91,900 XPF |
Salary Trend and Forecast in New Caledonia
How are New Caledonia salaries changing over time? The chart below shows the average salary change in the past few years.
| Average Salary 2016 | 81,300 XPF | |
| Average Salary 2017 | +4% | 84,300 XPF |
| Average Salary 2018 | +1% | 85,400 XPF |
| Average Salary 2019 | +2% | 86,700 XPF |
Salaries in New Caledonia are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.
Salaries for popular jobs
| Job Title | Average Salary |
| Accounting and Finance | |
| Accountant | 60,900 XPF |
| Accounting Assistant | 56,100 XPF |
| Accounting Manager | 114,000 XPF |
| Bookkeeper | 46,500 XPF |
| Chartered Accountant | 78,100 XPF |
| Corporate Treasurer | 154,000 XPF |
| Financial Analyst | 85,600 XPF |
| Financial Manager | 178,000 XPF |
| Internal Auditor | 90,000 XPF |
Administration / Reception / Secretarial | |
| Administrative Assistant | 43,300 XPF |
| Office Manager | 56,800 XPF |
| Receptionist | 62,300 XPF |
| Secretary | 45,200 XPF |
Advertising / Grapic Design / Events | |
| Art Director | 86,000 XPF |
| Creative Director | 87,400 XPF |
| Graphic Designer | 57,500 XPF |
| Photographer | 56,900 XPF |
Airlines / Aviation / Aerospace / Defense | |
| Aerospace Engineer | 94,000 XPF |
| Air Traffic Controller | 83,500 XPF |
| Flight Attendant | 74,700 XPF |
| Pilot | 99,800 XPF |
Architecture | |
| Architect | 77,500 XPF |
| CAD Drafter | 65,600 XPF |
Automotive | |
| Mechanic | 47,100 XPF |
| Service Advisor | 71,200 XPF |
Banking | |
| Bank Branch Manager | 124,000 XPF |
| Teller | 55,800 XPF |
Bilingual | |
| Teacher | 65,500 XPF |
| Translator | 78,100 XPF |
Business Planning | |
| Business Analyst | 105,000 XPF |
| Business Development Manager | 129,000 XPF |
| Project Manager | 93,000 XPF |
Care Giving and Child Care | |
| Nanny | 52,500 XPF |
| Nursery Teacher | 59,100 XPF |
Construction / Building / Installation | |
| Civil Engineer | 75,900 XPF |
| Construction Project Manager | 97,300 XPF |
| Health and Safety Officer | 55,800 XPF |
Customer Service and Call Center | |
| Call Center Representative | 59,400 XPF |
| Customer Service Manager | 112,000 XPF |
| Customer Service Representative | 62,900 XPF |
Engineering | |
| Electrical Engineer | 87,500 XPF |
| Engineer | 81,400 XPF |
| Mechanical Engineer | 80,600 XPF |
Executive and Management | |
| Chief Executive Officer | 202,000 XPF |
| Chief Financial Officer | 174,000 XPF |
| General Manager | 149,000 XPF |
Food / Hospitality / Tourism / Catering | |
| Chef | 71,100 XPF |
| Executive Chef | 77,200 XPF |
| Hotel Manager | 130,000 XPF |
| Travel Agent | 71,400 XPF |
| Waiter / Waitress | 50,300 XPF |
Health and Medical | |
| Dentist | 215,000 XPF |
| Dietitian | 199,000 XPF |
| Laboratory Technician | 62,000 XPF |
| Nurse | 65,500 XPF |
Human Resources | |
| Human Resources Manager | 120,000 XPF |
| Human Resources Officer | 71,800 XPF |
Information Technology | |
| Computer Technician | 65,800 XPF |
| Database Administrator | 81,400 XPF |
| Developer / Programmer | 78,200 XPF |
| Information Technology Manager | 122,000 XPF |
| Network Engineer | 73,200 XPF |
Law Enforcement / Security / Fire | |
| Police Officer | 65,900 XPF |
Legal | |
| Attorney | 119,000 XPF |
| Legal Assistant | 62,100 XPF |
Media / Broadcasting / Arts / Entertainment | |
| Journalist | 84,100 XPF |
Pharmaceutical and Biotechnology | |
| Biomedical Engineer | 72,000 XPF |
| Pharmacist | 94,700 XPF |
Sales Retail and Wholesale | |
| Cashier | 47,600 XPF |
| Sales Manager | 142,000 XPF |
| Sales Representative | 56,300 XPF |
Teaching / Education | |
| Elementary School Teacher | 59,400 XPF |
| Secondary School Teacher | 68,400 XPF |
Average Hourly Wage in New Caledonia
510 XPF per hourThe average hourly wage (pay per hour) in New Caledonia is 510 XPF. This means that the average person in New Caledonia earns approximately 510 XPF 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.
