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Oil / Gas / Energy / Mining Average Salaries in Palau 2020

How much money does a person working in Oil / Gas / Energy / Mining make in Palau?


Average Monthly Salary
2,460 USD
( 29,500 USD yearly)

LOW
890
USD
AVERAGE
2,460
USD
HIGH
5,680
USD

A person working in Oil / Gas / Energy / Mining in Palau typically earns around 2,460 USD per month. Salaries range from 890 USD (lowest average) to 5,680 USD (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Oil / Gas / Energy / Mining careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Assistant Yard Manager2,290 USD
Associate Analyst2,600 USD
Associate Landman1,090 USD
Auxiliary Equipment Operator960 USD
Biomass Plant Technician1,220 USD
Biomass Power Plant Manager3,390 USD
Chemical Plant Operator1,920 USD
Chief Contract Compliance Engineer2,510 USD
Completions Engineer2,260 USD
Cost Controller1,820 USD
Crude Oil Marketing Representative2,550 USD
Dispatcher1,030 USD
Distribution Manager3,540 USD
Dragline Operator1,190 USD
Driller Offsider860 USD
Dump Truck Driver920 USD
Electric and Gas Operations Manager5,460 USD
Energy Advisor3,820 USD
Energy Analyst3,410 USD
Energy Auditor3,200 USD
Energy Dispatch Director4,390 USD
Energy Technical Assistant1,590 USD
Energy Technical Manager2,910 USD
Energy Technical Trainer2,100 USD
Exploration Manager4,300 USD
Field Safety Auditor2,670 USD
Fluids Engineer2,460 USD
Fuel Cell Engineer2,600 USD
Fuel Cell Technician1,200 USD
Fuels Handler1,110 USD
Gas Compressor Operator1,030 USD
Gas Distribution Plant Operator2,040 USD
Gas Supply Manager3,850 USD
Geologist4,400 USD
Geophysicist4,660 USD
Geothermal Production Manager4,200 USD
Geothermal Technician1,660 USD
HSE Engineer2,380 USD
HSE Officer1,550 USD
HSEQ Administrator1,760 USD
Inspector2,170 USD
Instructor2,080 USD
Instrument Designer2,010 USD
Lead Technical Field Advisor3,300 USD
Logistics and Tool Coordinator2,040 USD
Maintenance Engineer2,540 USD
Maintenance Superintendent2,290 USD
Material Controller1,660 USD
Mine Engineer2,280 USD
Mine Surveyor2,650 USD
Mining Project Administrator2,260 USD
Mining Project Assistant1,790 USD
Mining Project Controls Consultant2,730 USD
Mining Project Coordinator2,150 USD
Mining Project Engineer2,260 USD
Mining Project Manager2,980 USD
Mining Site Manager3,190 USD
Mining Team Leader2,650 USD
NDT Technician1,460 USD
Oil Service Unit Operator1,260 USD
Oil Trader3,060 USD
Oilwell Pumper950 USD
Petroleum Engineer 2,880 USD
Petroleum Geologist4,380 USD
Petroleum Pump System Operator1,370 USD
Pipeline Technician900 USD
Power Coordinator1,440 USD
Power Plant Operations Manager4,920 USD
Power Plant Operator1,970 USD
Radio Operator1,050 USD
Reliability Engineer2,360 USD
Reservoir Engineer2,200 USD
Risk Analyst3,050 USD
Roughneck2,440 USD
Scaffolder1,540 USD
Shutdown Engineer1,960 USD
Solar Energy Installation Manager3,440 USD
Solar Energy Systems Engineer2,580 USD
Solar Photovoltaic Installer1,580 USD
Solar Thermal Technician1,440 USD
Supply Operations Manager3,980 USD
Sustainability Specialist3,760 USD
System Development Advisor2,670 USD
Tanker Truck Driver990 USD
Utility Operator1,280 USD
Wind Energy Project Manager3,500 USD

Oil / Gas / Energy / Mining Jobs Salary Distribution in Palau

Median and salary distribution monthly Palau Oil  / Gas / Energy / Mining
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The median, the maximum, the minimum, and the range

  • Salary Range

    Oil / Gas / Energy / Mining salaries in Palau range from 890 USD per month (minimum average salary) to 5,680 USD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 2,650 USD per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 2,650 USD while the other half are earning more than 2,650 USD. 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 people working in Oil / Gas / Energy / Mining are earning less than 1,600 USD while 75% of them are earning more than 1,600 USD. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 4,500 USD while 25% are earning more than 4,500 USD.


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?

Salary Comparison By Experience Level
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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.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

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.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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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.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

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 Palau costs anywhere from 13,600 US Dollar(s) to 40,900 US Dollar(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.

Oil / Gas / Energy / Mining Salary Comparison By Gender

Salary comparison by gender monthly Palau Oil  / Gas / Energy / Mining
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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 employees in Palau who work in Oil / Gas / Energy / Mining earn 19% more than their female counterparts on average.

Male
2,670 USD
Female-16%
2,240 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Palau for all Careers

Salary comparison by gender monthly Palau
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Oil / Gas / Energy / Mining Average Annual Salary Increment Percentage in Palau

How much are annual salary increments in Palau for Oil / Gas / Energy / Mining professionals? How often do employees get salary raises?

Oil / Gas / Energy / Mining

Oil / Gas / Energy / Mining professionals in Palau are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Palau Oil  / Gas / Energy / Mining
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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.

Palau / 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 Palau 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 Palau 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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Oil / Gas / Energy / Mining Bonus and Incentive Rates in Palau

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Palau Oil  / Gas / Energy / Mining
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Oil / Gas / Energy / Mining is considered to be a moderate bonus-based field 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.

61% of surveyed staff in Oil / Gas / Energy / Mining reported that they haven't received any bonuses or incentives in the previous year while 39% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
39%
No Bonus
61%

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.

Oil / Gas / Energy / Mining Hourly Average Wage in Palau


14 USD per hour

The average hourly wage (pay per hour) in Palau is 14 USD. This means that the average person in Palau earns approximately 14 USD 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.

Oil / Gas / Energy / Mining VS Other Jobs

Salary Comparison Between Oil  / Gas / Energy / Mining and Oil  / Gas / Energy / Mining monthly Palau
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The average salary for Oil / Gas / Energy / Mining is 10% less than that of All Jobs.

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

Private Sector
2,590 USD
Public Sector+14%
2,950 USD
Percentage increase and decrease are relative to the previous value

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