Endodontist Average Salary in Nicaragua 2023

How much money does a person working as Endodontist make in Nicaragua?

Average Monthly Salary

52,100 NIO

( 625,000 NIO yearly)

LOW
25,500
NIO AVERAGE
52,100
NIO HIGH
81,200
NIO

Endodontist Pay Scale and Salaries in Nicaragua

Salary Structure and Pay Scale Comparison

5% of people earn
48,300 NIO or more

10% of people earn
42,600 to 48,300 NIO

20% of people earn
30,300 NIO or less

65% of people earn
30,300 to 42,600 NIO

Minimum Salary 25,500 NIO

Median 48,600 NIO

Maximum 81,200 NIO

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

• Salary Range, Minimum Wage, and Starting Salary

  Endodontist salaries in Nicaragua range from 25,500 NIO per month (starting salary) to 81,200 NIO per month (maximum salary). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.

• Median Salary

  The median salary is 48,600 NIO per month, which means that half (50%) of people working as Endodontist(s) are earning less than 48,600 NIO while the other half are earning more than 48,600 NIO. 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 and Salary Scale

  Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Endodontist(s) are earning less than 39,700 NIO while 75% of them are earning more than 39,700 NIO. Also from the diagram, 75% of Endodontist(s) are earning less than 55,500 NIO while 25% are earning more than 55,500 NIO.

• Pay Scale Structure

  We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 30,300 NIO to 42,600 NIO. Approximatly 20% fall under the 30,300 NIO cap. Ten percent of wages are from 42,600 NIO to 48,300 NIO. Only 5% of people grossed 48,300 NIO or more.

Endodontist Salary Comparison by Years of Experience

How does experience and age affect your pay?

Endodontist average salary change by experience in Nicaragua

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 Endodontist salaries by experience level and this is what we found.

Employees with less than two years of experience makes approximately 30,200 NIO per month.

While someone with an experience level between two and five years is expected to earn 38,900 NIO per month, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 53,600 NIO per month, 38% more than someone with two to five years of experience.

Additionally, Endodontist whose expertise span anywhere between ten and fifteen years get a salary equivalent to 66,400 NIO per month, 24% 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 71,200 NIO per month, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 75,900 NIO per month, 7% more than people with fifteen to twenty years of experience.

Typical Salary Progress for Most Careers

Salary and Compensation Comparison By Gender - Endodontist

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Endodontist employees in Nicaragua earn 9% more than their female counterparts on average.

Salary Comparison By Gender in Nicaragua for all Careers

Endodontist Average Annual Salary Increment Percentage in Nicaragua

How much are annual salary increments in Nicaragua for Endodontist(s)? How often do employees get salary raises?

Endodontist

Endodontist(s) in Nicaragua are likely to observe a salary increase of approximately 9% every 30 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Nicaragua / 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

Annual Increment Rate By Industry 2022

Listed above are the average annual increase rates for each industry in Nicaragua for the year 2022. 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

Endodontist Bonus and Incentive Rates in Nicaragua

How much and how often are bonuses being awarded?

Share This Chart

  Tweet      Get Chart Linkhttp://www.salaryexplorer.com/charts/nicaragua/health-and-medical/dental/endodontist/annual-salary-bonus-rate-nicaragua-endodontist.jpg

"Endodontist" is considered to be a high bonus-based job. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

33% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 67% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus		67%
No Bonus		33%

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?

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.

Endodontist Salary Trend and Forecast in Nicaragua

How are Endodontist salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Endodontist salaries in Nicaragua are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 2% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.

Endodontist Average Hourly Wage in Nicaragua

300 NIO per hour

The average hourly wage (pay per hour) in Nicaragua is 300 NIO. This means that the average Endodontist in Nicaragua earns approximately 300 NIO for every worked hour.

About The Hourly Pay Rate

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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for 'Endodontist' in Nicaragua is 150 NIO. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Endodontist VS Other Jobs

The average salary for Endodontist is 79% more than that of Dental. Also, Dental salaries are 3% more than those of Health and Medical.

Salary comparison with similar jobs

Dental Assistant	12,000 NIO	-77%
Dental Hygienist	11,900 NIO	-77%
Dental Laboratory Technician	11,300 NIO	-78%
Dental Receptionist	9,620 NIO	-82%
Dental Technician	11,400 NIO	-78%
Dental Therapist	18,300 NIO	-65%
Dentist	44,100 NIO	-15%
Endodontist	52,100 NIO	+0%
Orthodontic Assistant	13,100 NIO	-75%
Orthodontist	57,400 NIO	+10%
Periodontist	54,700 NIO	+5%
Prosthodontist	52,100 NIO	+0%

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 Nicaragua earn 14% more than their private sector counterparts on average across all sectors.

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for Endodontist in Nicaragua?

A good and competitive compensation would range anywhere between 48,600 NIO and 55,500 NIO. This is a very rough estimate and your experience and education will play a very huge part into your final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salart after tax for every career.

Base / Basic Salary

The base salary for Endodontist in Nicaragua is ranges from 39,700 NIO to 55,500 NIO. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range in a grain of salt.