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Cost Controller Average Salary in New Zealand 2020

How much money does a Cost Controller make in New Zealand?


Average Yearly Salary
66,600 NZD
( 5,550 NZD monthly)

LOW
34,700
NZD
AVERAGE
66,600
NZD
HIGH
102,000
NZD

A person working as a Cost Controller in New Zealand typically earns around 66,600 NZD per year. Salaries range from 34,700 NZD (lowest) to 102,000 NZD (highest).

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

Cost Controller Salary Distribution in New Zealand

Median and salary distribution yearly New Zealand Cost Controller
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The median, the maximum, the minimum, and the range

  • Salary Range

    Cost Controller salaries in New Zealand range from 34,700 NZD per year (minimum salary) to 102,000 NZD per year (maximum salary).

  • Median Salary

    The median salary is 64,000 NZD per year, which means that half (50%) of people working as Cost Controller(s) are earning less than 64,000 NZD while the other half are earning more than 64,000 NZD. 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 Cost Controller(s) are earning less than 44,400 NZD while 75% of them are earning more than 44,400 NZD. Also from the diagram, 75% of Cost Controller(s) are earning less than 79,700 NZD while 25% are earning more than 79,700 NZD.


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

Cost Controller Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience yearly New Zealand Cost Controller
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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 Cost Controller salaries by experience level and this is what we found.

A Cost Controller with less than two years of experience makes approximately 39,400 NZD per year.

While someone with an experience level between two and five years is expected to earn 52,800 NZD per year, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 68,600 NZD per year, 30% 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, Cost Controller(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 83,100 NZD per year, 21% 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 90,900 NZD per year, 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 95,600 NZD per year, 5% more than people with fifteen to twenty years of experience.


Cost Controller average salary change by experience in New Zealand

0 - 2 Years
39,400 NZD
2 - 5 Years+34%
52,800 NZD
5 - 10 Years+30%
68,600 NZD
10 - 15 Years+21%
83,100 NZD
15 - 20 Years+9%
90,900 NZD
20+ Years+5%
95,600 NZD
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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Cost Controller Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level yearly New Zealand Cost Controller
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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 Cost Controller salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Cost Controller is 46,800 NZD per year.

While someone with a Certificate or Diploma gets a salary of 67,000 NZD per year, 43% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 92,500 NZD per year, 38% more than someone with a Certificate or Diploma.


Cost Controller average salary difference by education level in New Zealand

High School
46,800 NZD
Certificate or Diploma+43%
67,000 NZD
Bachelor's Degree+38%
92,500 NZD
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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Cost Controller Salary Comparison By Gender

Salary comparison by gender yearly New Zealand Cost Controller
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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 Cost Controller employees in New Zealand earn 5% more than their female counterparts on average.

Male
68,300 NZD
Female-5%
65,100 NZD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in New Zealand for all Careers

Salary comparison by gender yearly New Zealand
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Cost Controller Average Annual Salary Increment Percentage in New Zealand

How much are annual salary increments in New Zealand for Cost Controller(s)? How often do employees get salary raises?

Cost Controller

Cost Controller(s) in New Zealand are likely to observe a salary increase of approximately 11% every 15 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate New Zealand Cost Controller
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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 Zealand / 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 Zealand is 6%.

Annual Increment Rate By Industry 2019

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Listed above are the average annual increase rates for each industry in New Zealand 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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Cost Controller Bonus and Incentive Rates in New Zealand

How much and how often are bonuses being awarded?Annual Salary Bonus Rate New Zealand Cost Controller
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A Cost Controller is considered to be a high 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.

21% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 79% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
79%
No Bonus
21%

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.

Cost Controller Average Hourly Wage in New Zealand


32 NZD per hour

The average hourly wage (pay per hour) in New Zealand is 32 NZD. This means that the average Cost Controller in New Zealand earns approximately 32 NZD 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.

Cost Controller VS Other Jobs

Salary Comparison Between Cost Controller and Oil  / Gas / Energy / Mining yearly New Zealand
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The average salary for Cost Controller is 24% less than that of Oil / Gas / Energy / Mining. Also, Oil / Gas / Energy / Mining salaries are 10% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Assistant Yard Manager84,100 NZD+26%
Associate Analyst98,400 NZD+48%
Associate Landman41,300 NZD-38%
Auxiliary Equipment Operator35,500 NZD-47%
Biomass Plant Technician44,900 NZD-33%
Biomass Power Plant Manager123,000 NZD+85%
Chemical Plant Operator73,400 NZD+10%
Chief Contract Compliance Engineer88,500 NZD+33%
Completions Engineer83,200 NZD+25%
Cost Controller66,600 NZD-0%
Crude Oil Marketing Representative93,800 NZD+41%
Dispatcher36,100 NZD-46%
Distribution Manager120,000 NZD+80%
Dragline Operator42,200 NZD-37%
Driller Offsider32,500 NZD-51%
Dump Truck Driver35,300 NZD-47%
Electric and Gas Operations Manager207,000 NZD+210%
Energy Advisor136,000 NZD+100%
Energy Analyst120,000 NZD+80%
Energy Auditor112,000 NZD+68%
Energy Dispatch Director149,000 NZD+120%
Energy Technical Assistant55,500 NZD-17%
Energy Technical Manager107,000 NZD+61%
Energy Technical Trainer78,600 NZD+18%
Exploration Manager159,000 NZD+140%
Field Safety Auditor95,100 NZD+43%
Fluids Engineer83,500 NZD+25%
Fuel Cell Engineer93,600 NZD+40%
Fuel Cell Technician42,600 NZD-36%
Fuels Handler40,600 NZD-39%
Gas Compressor Operator38,300 NZD-43%
Gas Distribution Plant Operator74,900 NZD+12%
Gas Supply Manager140,000 NZD+110%
Geologist158,000 NZD+140%
Geophysicist158,000 NZD+140%
Geothermal Production Manager151,000 NZD+130%
Geothermal Technician59,100 NZD-11%
HSE Engineer84,800 NZD+27%
HSE Officer54,500 NZD-18%
HSEQ Administrator60,800 NZD-9%
Inspector78,000 NZD+17%
Instructor70,600 NZD+6%
Instrument Designer70,200 NZD+5%
Lead Technical Field Advisor116,000 NZD+74%
Logistics and Tool Coordinator77,800 NZD+17%
Maintenance Engineer90,500 NZD+36%
Maintenance Superintendent77,600 NZD+16%
Material Controller57,300 NZD-14%
Mine Engineer81,400 NZD+22%
Mine Surveyor93,300 NZD+40%
Mining Project Administrator78,900 NZD+18%
Mining Project Assistant60,700 NZD-9%
Mining Project Controls Consultant101,000 NZD+52%
Mining Project Coordinator75,000 NZD+13%
Mining Project Engineer83,900 NZD+26%
Mining Project Manager107,000 NZD+61%
Mining Site Manager116,000 NZD+74%
Mining Team Leader97,300 NZD+46%
NDT Technician53,500 NZD-20%
Oil Service Unit Operator45,800 NZD-31%
Oil Trader109,000 NZD+64%
Oilwell Pumper33,500 NZD-50%
Petroleum Engineer 101,000 NZD+52%
Petroleum Geologist153,000 NZD+130%
Petroleum Pump System Operator47,500 NZD-29%
Pipeline Technician34,500 NZD-48%
Power Coordinator52,000 NZD-22%
Power Plant Operations Manager168,000 NZD+150%
Power Plant Operator71,600 NZD+7%
Radio Operator39,900 NZD-40%
Reliability Engineer86,000 NZD+29%
Reservoir Engineer80,800 NZD+21%
Risk Analyst109,000 NZD+64%
Roughneck92,300 NZD+38%
Scaffolder58,800 NZD-12%
Shutdown Engineer74,900 NZD+12%
Solar Energy Installation Manager128,000 NZD+92%
Solar Energy Systems Engineer94,800 NZD+42%
Solar Photovoltaic Installer57,300 NZD-14%
Solar Thermal Technician52,000 NZD-22%
Supply Operations Manager139,000 NZD+110%
Sustainability Specialist144,000 NZD+120%
System Development Advisor99,300 NZD+49%
Tanker Truck Driver36,100 NZD-46%
Utility Operator47,000 NZD-29%
Wind Energy Project Manager124,000 NZD+86%

Salary Comparison By City

CityAverage Salary
Auckland67,800 NZD
Christchurch68,600 NZD
Hamilton63,100 NZD
Rotorua60,100 NZD
Wellington63,300 NZD

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 Zealand earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
94,600 NZD
Public Sector+5%
99,600 NZD
Percentage increase and decrease are relative to the previous value

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