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Insurance Appraiser Average Salary in New Caledonia 2020

How much money does an Insurance Appraiser make in New Caledonia?


Average Monthly Salary
87,400 XPF
( 1,050,000 XPF yearly)

LOW
46,300
XPF
AVERAGE
87,400
XPF
HIGH
133,000
XPF

A person working as an Insurance Appraiser in New Caledonia typically earns around 87,400 XPF per month. Salaries range from 46,300 XPF (lowest) to 133,000 XPF (highest).

This is the average monthly salary including housing, transport, and other benefits. Insurance Appraiser salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Insurance Appraiser Salary Distribution in New Caledonia

Median and salary distribution monthly New Caledonia Insurance Appraiser
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The median, the maximum, the minimum, and the range

  • Salary Range

    Insurance Appraiser salaries in New Caledonia range from 46,300 XPF per month (minimum salary) to 133,000 XPF per month (maximum salary).

  • Median Salary

    The median salary is 82,100 XPF per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 82,100 XPF while the other half are earning more than 82,100 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 Insurance Appraiser(s) are earning less than 57,800 XPF while 75% of them are earning more than 57,800 XPF. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 101,000 XPF while 25% are earning more than 101,000 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

Insurance Appraiser Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly New Caledonia Insurance Appraiser
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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 Insurance Appraiser salaries by experience level and this is what we found.

An Insurance Appraiser with less than two years of experience makes approximately 53,200 XPF per month.

While someone with an experience level between two and five years is expected to earn 65,300 XPF per month, 23% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 92,600 XPF per month, 42% 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, Insurance Appraiser(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 108,000 XPF per month, 17% 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 119,000 XPF per month, 10% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 126,000 XPF per month, 6% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in New Caledonia

0 - 2 Years
53,200 XPF
2 - 5 Years+23%
65,300 XPF
5 - 10 Years+42%
92,600 XPF
10 - 15 Years+17%
108,000 XPF
15 - 20 Years+10%
119,000 XPF
20+ Years+6%
126,000 XPF
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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Insurance Appraiser Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly New Caledonia Insurance Appraiser
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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 Insurance Appraiser salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of an Insurance Appraiser is 70,500 XPF per month.

While someone with a Bachelor's Degree gets a salary of 103,000 XPF per month, 47% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in New Caledonia

Certificate or Diploma
70,500 XPF
Bachelor's Degree+47%
103,000 XPF
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Insurance Appraiser Salary Comparison By Gender

Salary comparison by gender monthly New Caledonia Insurance Appraiser
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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 Insurance Appraiser employees in New Caledonia earn 14% more than their female counterparts on average.

Male
91,700 XPF
Female-12%
80,400 XPF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in New Caledonia for all Careers

Salary comparison by gender monthly New Caledonia
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Insurance Appraiser Average Annual Salary Increment Percentage in New Caledonia

How much are annual salary increments in New Caledonia for Insurance Appraiser(s)? How often do employees get salary raises?

Insurance Appraiser

Insurance Appraiser(s) in New Caledonia are likely to observe a salary increase of approximately 8% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate New Caledonia Insurance Appraiser
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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.

New Caledonia / 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 New Caledonia is 2%.

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.


Worldwide Salary Raises: All Countries and All Jobs

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Insurance Appraiser Bonus and Incentive Rates in New Caledonia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate New Caledonia Insurance Appraiser
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An Insurance Appraiser 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.

91% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 9% 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
9%
No Bonus
91%

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.

Insurance Appraiser Average Hourly Wage in New Caledonia


500 XPF per hour

The average hourly wage (pay per hour) in New Caledonia is 500 XPF. This means that the average Insurance Appraiser in New Caledonia earns approximately 500 XPF 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.

Insurance Appraiser VS Other Jobs

Salary Comparison Between Insurance Appraiser and Insurance monthly New Caledonia
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The average salary for Insurance Appraiser is 1% less than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst122,000 XPF+40%
Actuarial Assistant82,100 XPF-6%
Actuary119,000 XPF+36%
Adjustment Insurance Clerk32,200 XPF-63%
Assistant Broker54,100 XPF-38%
Assistant Claims Manager95,500 XPF+9%
Associate Insurance Representative43,900 XPF-50%
Auditing Insurance Manager136,000 XPF+56%
Broker86,800 XPF-1%
Claim Advocacy Professional84,500 XPF-3%
Claims Adjuster32,400 XPF-63%
Claims Analyst43,300 XPF-50%
Claims Examiner45,700 XPF-48%
Claims Manager118,000 XPF+35%
Claims Processor32,900 XPF-62%
Claims Representative40,100 XPF-54%
Claims Resolution Specialist95,900 XPF+10%
Claims Supervisor83,900 XPF-4%
Complaints Specialist82,400 XPF-6%
Compliance Officer67,000 XPF-23%
Consultant87,300 XPF-0%
Eligibility Specialist89,600 XPF+3%
Insurance Account Manager108,000 XPF+24%
Insurance Accounts Executive94,000 XPF+8%
Insurance Agent53,000 XPF-39%
Insurance Analyst83,500 XPF-4%
Insurance Appraiser87,400 XPF+0%
Insurance Claims Clerk30,900 XPF-65%
Insurance Examiner80,500 XPF-8%
Insurance Investigator78,800 XPF-10%
Insurance Manager148,000 XPF+69%
Insurance Operations Manager143,000 XPF+64%
Insurance Policy Processing Clerk32,900 XPF-62%
Insurance Pricing Assistant68,300 XPF-22%
Insurance Program Manager111,000 XPF+27%
Insurance Project Manager111,000 XPF+27%
Insurance Quality Assurance Agent72,300 XPF-17%
Insurance Sales Agent50,200 XPF-43%
Insurance Sales Director143,000 XPF+64%
Insurance Team Leader92,200 XPF+6%
Insurance Underwriter62,600 XPF-28%
Loss Control Specialist88,000 XPF+1%
Loss Prevention Investigator90,600 XPF+4%
Loss Prevention Manager121,000 XPF+39%
Loss Prevention Specialist93,500 XPF+7%
Marine Underwriter62,900 XPF-28%
Medical Auditor87,400 XPF+0%
Monitoring and Performance Officer61,700 XPF-29%
Payment Services Specialist87,400 XPF+0%
Policy Change Director141,000 XPF+61%
Policy Change Supervisor92,700 XPF+6%
Policy Change Technician43,800 XPF-50%
Risk Analyst102,000 XPF+17%
Risk Management Director169,000 XPF+93%
Risk Management Supervisor104,000 XPF+19%
Risk Manager164,000 XPF+88%
Risk Modeling Manager156,000 XPF+79%
Title Insurance Typist75,300 XPF-14%
Training Manager94,400 XPF+8%

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 on average across all sectors.

Private Sector
82,400 XPF
Public Sector+11%
91,200 XPF
Percentage increase and decrease are relative to the previous value

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