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Insurance Appraiser Average Salary in Saint Martin 2020

How much money does an Insurance Appraiser make in Saint Martin?


Average Monthly Salary
3,230 EUR
( 38,700 EUR yearly)

LOW
1,740
EUR
AVERAGE
3,230
EUR
HIGH
4,870
EUR

A person working as an Insurance Appraiser in Saint Martin typically earns around 3,230 EUR per month. Salaries range from 1,740 EUR (lowest) to 4,870 EUR (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 Saint Martin

Median and salary distribution monthly Saint Martin Insurance Appraiser
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The median, the maximum, the minimum, and the range

  • Salary Range

    Insurance Appraiser salaries in Saint Martin range from 1,740 EUR per month (minimum salary) to 4,870 EUR per month (maximum salary).

  • Median Salary

    The median salary is 2,970 EUR per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 2,970 EUR while the other half are earning more than 2,970 EUR. 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 2,120 EUR while 75% of them are earning more than 2,120 EUR. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 3,610 EUR while 25% are earning more than 3,610 EUR.


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 Saint Martin 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 2,030 EUR per month.

While someone with an experience level between two and five years is expected to earn 2,560 EUR per month, 26% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 3,370 EUR per month, 32% 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 3,970 EUR per month, 18% 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 4,390 EUR per month, 11% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 4,670 EUR per month, 6% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Saint Martin

0 - 2 Years
2,030 EUR
2 - 5 Years+26%
2,560 EUR
5 - 10 Years+32%
3,370 EUR
10 - 15 Years+18%
3,970 EUR
15 - 20 Years+11%
4,390 EUR
20+ Years+6%
4,670 EUR
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 Saint Martin 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 2,810 EUR per month.

While someone with a Bachelor's Degree gets a salary of 4,180 EUR per month, 49% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Saint Martin

Certificate or Diploma
2,810 EUR
Bachelor's Degree+49%
4,180 EUR
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 Saint Martin 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 Saint Martin earn 9% more than their female counterparts on average.

Male
3,340 EUR
Female-8%
3,070 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Saint Martin for all Careers

Salary comparison by gender monthly Saint Martin
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Insurance Appraiser Average Annual Salary Increment Percentage in Saint Martin

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

Insurance Appraiser

Insurance Appraiser(s) in Saint Martin are likely to observe a salary increase of approximately 7% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Saint Martin 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.

Saint Martin / 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 Saint Martin is 2%.

Annual Increment Rate By Industry 2019

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Listed above are the average annual increase rates for each industry in Saint Martin 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 Saint Martin

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Saint Martin 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.

92% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 8% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 2% of their annual salary.

Received Bonus
8%
No Bonus
92%

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 Saint Martin


19 EUR per hour

The average hourly wage (pay per hour) in Saint Martin is 19 EUR. This means that the average Insurance Appraiser in Saint Martin earns approximately 19 EUR 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 Saint Martin
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The average salary for Insurance Appraiser is 2% 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 Analyst4,390 EUR+36%
Actuarial Assistant3,040 EUR-6%
Actuary4,350 EUR+35%
Adjustment Insurance Clerk1,120 EUR-65%
Assistant Broker2,050 EUR-36%
Assistant Claims Manager3,450 EUR+7%
Associate Insurance Representative1,630 EUR-49%
Auditing Insurance Manager4,870 EUR+51%
Broker3,180 EUR-1%
Claim Advocacy Professional3,130 EUR-3%
Claims Adjuster1,200 EUR-63%
Claims Analyst1,660 EUR-49%
Claims Examiner1,630 EUR-49%
Claims Manager4,360 EUR+35%
Claims Processor1,130 EUR-65%
Claims Representative1,340 EUR-58%
Claims Resolution Specialist3,310 EUR+3%
Claims Supervisor3,280 EUR+2%
Complaints Specialist3,040 EUR-6%
Compliance Officer2,440 EUR-24%
Consultant3,280 EUR+2%
Eligibility Specialist3,270 EUR+1%
Insurance Account Manager3,910 EUR+21%
Insurance Accounts Executive3,310 EUR+3%
Insurance Agent1,840 EUR-43%
Insurance Analyst3,150 EUR-2%
Insurance Appraiser3,230 EUR+0%
Insurance Claims Clerk1,180 EUR-63%
Insurance Examiner2,860 EUR-11%
Insurance Investigator2,890 EUR-10%
Insurance Manager5,370 EUR+66%
Insurance Operations Manager5,470 EUR+70%
Insurance Policy Processing Clerk1,120 EUR-65%
Insurance Pricing Assistant2,380 EUR-26%
Insurance Program Manager3,960 EUR+23%
Insurance Project Manager4,180 EUR+30%
Insurance Quality Assurance Agent2,660 EUR-18%
Insurance Sales Agent1,960 EUR-39%
Insurance Sales Director5,280 EUR+64%
Insurance Team Leader3,270 EUR+1%
Insurance Underwriter2,320 EUR-28%
Loss Control Specialist3,000 EUR-7%
Loss Prevention Investigator3,180 EUR-1%
Loss Prevention Manager4,390 EUR+36%
Loss Prevention Specialist3,490 EUR+8%
Marine Underwriter2,460 EUR-24%
Medical Auditor3,170 EUR-2%
Monitoring and Performance Officer2,180 EUR-32%
Payment Services Specialist3,070 EUR-5%
Policy Change Director4,950 EUR+53%
Policy Change Supervisor3,360 EUR+4%
Policy Change Technician1,480 EUR-54%
Risk Analyst3,670 EUR+14%
Risk Management Director6,280 EUR+95%
Risk Management Supervisor4,000 EUR+24%
Risk Manager5,860 EUR+82%
Risk Modeling Manager5,770 EUR+79%
Title Insurance Typist2,690 EUR-17%
Training Manager3,580 EUR+11%

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 Saint Martin earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
3,150 EUR
Public Sector+7%
3,370 EUR
Percentage increase and decrease are relative to the previous value

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