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Power Plant Operator Average Salary in Nicaragua 2020

How much money does a Power Plant Operator make in Nicaragua?


Average Monthly Salary
13,900 NIO
( 167,000 NIO yearly)

LOW
6,820
NIO
AVERAGE
13,900
NIO
HIGH
21,700
NIO

A person working as a Power Plant Operator in Nicaragua typically earns around 13,900 NIO per month. Salaries range from 6,820 NIO (lowest) to 21,700 NIO (highest).

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

Power Plant Operator Salary Distribution in Nicaragua

Median and salary distribution monthly Nicaragua Power Plant Operator
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The median, the maximum, the minimum, and the range

  • Salary Range

    Power Plant Operator salaries in Nicaragua range from 6,820 NIO per month (minimum salary) to 21,700 NIO per month (maximum salary).

  • Median Salary

    The median salary is 14,200 NIO per month, which means that half (50%) of people working as Power Plant Operator(s) are earning less than 14,200 NIO while the other half are earning more than 14,200 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

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Power Plant Operator(s) are earning less than 9,460 NIO while 75% of them are earning more than 9,460 NIO. Also from the diagram, 75% of Power Plant Operator(s) are earning less than 18,300 NIO while 25% are earning more than 18,300 NIO.


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

Power Plant Operator Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Nicaragua Power Plant Operator
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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 Power Plant Operator salaries by experience level and this is what we found.

A Power Plant Operator with less than two years of experience makes approximately 8,090 NIO per month.

While someone with an experience level between two and five years is expected to earn 10,400 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 14,300 NIO per month, 38% 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, Power Plant Operator(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 17,800 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 19,000 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 20,300 NIO per month, 7% more than people with fifteen to twenty years of experience.


Power Plant Operator average salary change by experience in Nicaragua

0 - 2 Years
8,090 NIO
2 - 5 Years+29%
10,400 NIO
5 - 10 Years+38%
14,300 NIO
10 - 15 Years+24%
17,800 NIO
15 - 20 Years+7%
19,000 NIO
20+ Years+7%
20,300 NIO
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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Power Plant Operator Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Nicaragua Power Plant Operator
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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 Power Plant Operator salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Power Plant Operator is 10,400 NIO per month.

While someone with a Certificate or Diploma gets a salary of 14,900 NIO per month, 43% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 20,500 NIO per month, 38% more than someone with a Certificate or Diploma.


Power Plant Operator average salary difference by education level in Nicaragua

High School
10,400 NIO
Certificate or Diploma+43%
14,900 NIO
Bachelor's Degree+38%
20,500 NIO
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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Power Plant Operator Salary Comparison By Gender

Salary comparison by gender monthly Nicaragua Power Plant Operator
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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 Power Plant Operator employees in Nicaragua earn 9% more than their female counterparts on average.

Male
14,400 NIO
Female-8%
13,200 NIO
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Nicaragua for all Careers

Salary comparison by gender monthly Nicaragua
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Power Plant Operator Average Annual Salary Increment Percentage in Nicaragua

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

Power Plant Operator

Power Plant Operator(s) in Nicaragua are likely to observe a salary increase of approximately 8% every 27 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Nicaragua Power Plant Operator
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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.

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

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

Annual Increment Rate By Industry 2019

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in Nicaragua 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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Power Plant Operator Bonus and Incentive Rates in Nicaragua

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Nicaragua Power Plant Operator
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A Power Plant Operator is considered to be a moderate 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.

62% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 38% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
38%
No Bonus
62%

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.

Power Plant Operator Average Hourly Wage in Nicaragua


80 NIO per hour

The average hourly wage (pay per hour) in Nicaragua is 80 NIO. This means that the average Power Plant Operator in Nicaragua earns approximately 80 NIO 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.

Power Plant Operator VS Other Jobs

Salary Comparison Between Power Plant Operator and Oil  / Gas / Energy / Mining monthly Nicaragua
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The average salary for Power Plant Operator is 18% 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 Manager17,100 NIO+23%
Associate Analyst19,200 NIO+38%
Associate Landman8,080 NIO-42%
Auxiliary Equipment Operator7,010 NIO-50%
Biomass Plant Technician8,220 NIO-41%
Biomass Power Plant Manager24,900 NIO+79%
Chemical Plant Operator13,900 NIO-0%
Chief Contract Compliance Engineer18,300 NIO+32%
Completions Engineer16,300 NIO+17%
Cost Controller12,400 NIO-11%
Crude Oil Marketing Representative17,700 NIO+27%
Dispatcher7,270 NIO-48%
Distribution Manager23,900 NIO+72%
Dragline Operator7,970 NIO-43%
Driller Offsider6,100 NIO-56%
Dump Truck Driver6,410 NIO-54%
Electric and Gas Operations Manager38,800 NIO+180%
Energy Advisor26,000 NIO+87%
Energy Analyst23,900 NIO+72%
Energy Auditor22,300 NIO+60%
Energy Dispatch Director30,900 NIO+120%
Energy Technical Assistant10,200 NIO-27%
Energy Technical Manager21,800 NIO+57%
Energy Technical Trainer14,600 NIO+5%
Exploration Manager30,000 NIO+120%
Field Safety Auditor19,500 NIO+40%
Fluids Engineer16,700 NIO+20%
Fuel Cell Engineer17,700 NIO+27%
Fuel Cell Technician8,910 NIO-36%
Fuels Handler7,640 NIO-45%
Gas Compressor Operator7,270 NIO-48%
Gas Distribution Plant Operator14,300 NIO+3%
Gas Supply Manager26,400 NIO+90%
Geologist29,900 NIO+110%
Geophysicist30,900 NIO+120%
Geothermal Production Manager29,100 NIO+110%
Geothermal Technician12,600 NIO-9%
HSE Engineer18,100 NIO+30%
HSE Officer10,500 NIO-25%
HSEQ Administrator12,100 NIO-13%
Inspector15,500 NIO+11%
Instructor13,800 NIO-1%
Instrument Designer14,000 NIO+1%
Lead Technical Field Advisor22,900 NIO+65%
Logistics and Tool Coordinator14,200 NIO+2%
Maintenance Engineer18,300 NIO+32%
Maintenance Superintendent15,800 NIO+14%
Material Controller11,000 NIO-21%
Mine Engineer17,000 NIO+22%
Mine Surveyor18,600 NIO+34%
Mining Project Administrator15,400 NIO+11%
Mining Project Assistant11,900 NIO-14%
Mining Project Controls Consultant19,800 NIO+42%
Mining Project Coordinator14,800 NIO+6%
Mining Project Engineer16,600 NIO+19%
Mining Project Manager21,300 NIO+53%
Mining Site Manager23,500 NIO+69%
Mining Team Leader17,800 NIO+28%
NDT Technician10,500 NIO-25%
Oil Service Unit Operator8,550 NIO-39%
Oil Trader22,300 NIO+60%
Oilwell Pumper6,320 NIO-55%
Petroleum Engineer 18,900 NIO+36%
Petroleum Geologist32,000 NIO+130%
Petroleum Pump System Operator9,080 NIO-35%
Pipeline Technician6,540 NIO-53%
Power Coordinator10,500 NIO-25%
Power Plant Operations Manager31,900 NIO+130%
Power Plant Operator13,900 NIO-0%
Radio Operator7,790 NIO-44%
Reliability Engineer17,000 NIO+22%
Reservoir Engineer15,200 NIO+9%
Risk Analyst22,000 NIO+58%
Roughneck17,000 NIO+22%
Scaffolder11,400 NIO-18%
Shutdown Engineer13,600 NIO-2%
Solar Energy Installation Manager24,200 NIO+74%
Solar Energy Systems Engineer18,100 NIO+30%
Solar Photovoltaic Installer10,900 NIO-22%
Solar Thermal Technician11,000 NIO-21%
Supply Operations Manager28,500 NIO+100%
Sustainability Specialist27,800 NIO+100%
System Development Advisor19,600 NIO+41%
Tanker Truck Driver6,950 NIO-50%
Utility Operator9,220 NIO-34%
Wind Energy Project Manager24,800 NIO+78%

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.

Private Sector
18,000 NIO
Public Sector+14%
20,400 NIO
Percentage increase and decrease are relative to the previous value

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