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Laboratory Technician Average Salary in Saint Vincent and the Grenadines 2020

How much money does a Laboratory Technician make in Saint Vincent and the Grenadines?


Average Monthly Salary
2,340 XCD
( 28,100 XCD yearly)

LOW
1,270
XCD
AVERAGE
2,340
XCD
HIGH
3,540
XCD

A person working as a Laboratory Technician in Saint Vincent and the Grenadines typically earns around 2,340 XCD per month. Salaries range from 1,270 XCD (lowest) to 3,540 XCD (highest).

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

Laboratory Technician Salary Distribution in Saint Vincent and the Grenadines

Median and salary distribution monthly Saint Vincent and the Grenadines Laboratory Technician
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The median, the maximum, the minimum, and the range

  • Salary Range

    Laboratory Technician salaries in Saint Vincent and the Grenadines range from 1,270 XCD per month (minimum salary) to 3,540 XCD per month (maximum salary).

  • Median Salary

    The median salary is 2,160 XCD per month, which means that half (50%) of people working as Laboratory Technician(s) are earning less than 2,160 XCD while the other half are earning more than 2,160 XCD. 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 Laboratory Technician(s) are earning less than 1,540 XCD while 75% of them are earning more than 1,540 XCD. Also from the diagram, 75% of Laboratory Technician(s) are earning less than 2,620 XCD while 25% are earning more than 2,620 XCD.


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

Laboratory Technician Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Saint Vincent and the Grenadines Laboratory Technician
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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 Laboratory Technician salaries by experience level and this is what we found.

A Laboratory Technician with less than two years of experience makes approximately 1,470 XCD per month.

While someone with an experience level between two and five years is expected to earn 1,860 XCD 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 2,450 XCD 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, Laboratory Technician(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,880 XCD 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 3,190 XCD 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 3,390 XCD per month, 6% more than people with fifteen to twenty years of experience.


Laboratory Technician average salary change by experience in Saint Vincent and the Grenadines

0 - 2 Years
1,470 XCD
2 - 5 Years+26%
1,860 XCD
5 - 10 Years+32%
2,450 XCD
10 - 15 Years+18%
2,880 XCD
15 - 20 Years+11%
3,190 XCD
20+ Years+6%
3,390 XCD
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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Laboratory Technician Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Saint Vincent and the Grenadines Laboratory Technician
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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 Laboratory Technician salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Laboratory Technician is 1,900 XCD per month.

While someone with a Master's Degree gets a salary of 2,900 XCD per month, 53% more than someone having a Bachelor's Degree degree.


Laboratory Technician average salary difference by education level in Saint Vincent and the Grenadines

Bachelor's Degree
1,900 XCD
Master's Degree+53%
2,900 XCD
Percentage increase and decrease are relative to the previous value

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 Saint Vincent and the Grenadines costs anywhere from 17,000 East Caribbean Dollar(s) to 50,900 East Caribbean 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 the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Laboratory Technician Salary Comparison By Gender

Salary comparison by gender monthly Saint Vincent and the Grenadines Laboratory Technician
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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 Laboratory Technician employees in Saint Vincent and the Grenadines earn 9% more than their female counterparts on average.

Male
2,430 XCD
Female-8%
2,230 XCD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Saint Vincent and the Grenadines for all Careers

Salary comparison by gender monthly Saint Vincent and the Grenadines
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Laboratory Technician Average Annual Salary Increment Percentage in Saint Vincent and the Grenadines

How much are annual salary increments in Saint Vincent and the Grenadines for Laboratory Technician(s)? How often do employees get salary raises?

Laboratory Technician

Laboratory Technician(s) in Saint Vincent and the Grenadines are likely to observe a salary increase of approximately 5% 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 Vincent and the Grenadines Laboratory Technician
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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 Vincent and the Grenadines / 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 Vincent and the Grenadines is 2%.

Annual Increment Rate By Industry 2019

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Listed above are the average annual increase rates for each industry in Saint Vincent and the Grenadines 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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Laboratory Technician Bonus and Incentive Rates in Saint Vincent and the Grenadines

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Saint Vincent and the Grenadines Laboratory Technician
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A Laboratory Technician 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.

Laboratory Technician Average Hourly Wage in Saint Vincent and the Grenadines


14 XCD per hour

The average hourly wage (pay per hour) in Saint Vincent and the Grenadines is 14 XCD. This means that the average Laboratory Technician in Saint Vincent and the Grenadines earns approximately 14 XCD 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.

Laboratory Technician VS Other Jobs

Salary Comparison Between Laboratory Technician and Health and Medical monthly Saint Vincent and the Grenadines
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The average salary for Laboratory Technician is 45% less than that of Healthcare Technical. Also, Healthcare Technical salaries are 17% less than those of Health and Medical.

Salary comparison with similar jobs

Job TitleAverage Salary
Academic Clinician6,110 XCD+160%
Admitting Officer2,410 XCD+3%
Ambulance Dispatcher2,380 XCD+2%
Ambulance Driver2,390 XCD+2%
Ambulance Officer and Paramedic2,690 XCD+15%
Ambulatory Services Director4,900 XCD+110%
Anatomic Pathology Supervisor5,840 XCD+150%
Anesthesia Technician3,480 XCD+48%
Anesthesiologist10,300 XCD+340%
Anesthesiology Assistant3,410 XCD+45%
Assistant Optometrist2,970 XCD+27%
Audiologist5,570 XCD+140%
Biomedical Engineering Director4,390 XCD+87%
Biomedical Engineering Technician2,270 XCD-3%
Cardiac Technician2,170 XCD-7%
Cardiovascular Specialist12,800 XCD+450%
Cardiovascular Technologist4,800 XCD+100%
Central Sterile Processing Technician2,670 XCD+14%
Charge Entry Specialist3,090 XCD+32%
Clinical Application Specialist3,080 XCD+31%
Clinical Biochemist5,440 XCD+130%
Clinical Cytogeneticist4,570 XCD+95%
Clinical Data Reviewer3,040 XCD+30%
Clinical Development Specialist3,740 XCD+60%
Clinical Field Associate2,960 XCD+26%
Clinical Genetic Technologist4,620 XCD+97%
Clinical Microbiologist6,570 XCD+180%
Clinical Molecular Geneticist5,410 XCD+130%
Clinical Neuropsychologist6,760 XCD+190%
Clinical Research Coordinator3,550 XCD+51%
Clinical Scientist6,550 XCD+180%
CME Specialist4,890 XCD+110%
CT Technologist2,860 XCD+22%
Cytogenetic Technologist4,660 XCD+99%
Diagnostic Medical Sonographer3,640 XCD+55%
Dispensing Optician2,870 XCD+22%
Dosimetrist4,060 XCD+73%
EKG Technician2,840 XCD+21%
Endoscopic Assistant2,580 XCD+10%
Endoscopy Technician2,700 XCD+15%
Enterostomal Therapist4,300 XCD+83%
Epidemiologist5,460 XCD+130%
FGP Ultrasound Techncian2,580 XCD+10%
Health Systems Specialist3,730 XCD+59%
Health Technologist4,130 XCD+76%
Healthcare Data Analyst3,310 XCD+41%
Hearing Aid Specialist3,370 XCD+44%
Histotechnologist4,210 XCD+80%
Immunologist5,650 XCD+140%
Industrial Hygienist4,150 XCD+77%
Infection Control Coordinator2,980 XCD+27%
Infection Control Practitioner6,940 XCD+200%
Infection Preventionist4,920 XCD+110%
Informatics Practice Specialist3,580 XCD+53%
Interventional Radiographer5,140 XCD+120%
Lab Assistant2,360 XCD+1%
Laboratory Manager4,510 XCD+92%
Laboratory Technician2,340 XCD-0%
Low Vision Therapist5,590 XCD+140%
Mammography Technician2,570 XCD+10%
Medical Coder2,330 XCD-1%
Medical Courier1,800 XCD-23%
Medical Equipment Preparer2,670 XCD+14%
Medical Forms Designer2,110 XCD-10%
Medical Technologist2,780 XCD+19%
MRI Technologist2,620 XCD+12%
Music Therapist3,700 XCD+58%
Neonatologist6,750 XCD+190%
Neurodiagnostic Techncian2,480 XCD+6%
Neuropsychology Testing Assistant2,350 XCD+0%
Nuclear Medical Technician3,590 XCD+53%
Nuclear Medicine Technolgoist3,430 XCD+46%
Nutrition Assistant2,500 XCD+7%
Occupaitional Therapy Assistant2,770 XCD+18%
Operating Room Scheduler2,350 XCD+0%
Operating Room Services Director7,190 XCD+210%
Ophthalmic Assistant2,770 XCD+18%
Ophthalmic Laboratory Technician2,730 XCD+16%
Optician5,590 XCD+140%
Orthopedic Technician2,640 XCD+13%
Orthoptist7,220 XCD+210%
Orthotist7,130 XCD+200%
Pathology Assistant2,450 XCD+5%
Perfusionist8,200 XCD+250%
Phlebotomist2,010 XCD-14%
Pre Authorization Case Manager3,860 XCD+65%
Prosthetist6,110 XCD+160%
Radiation Therapist9,330 XCD+300%
Radiation Therapy Technologist3,810 XCD+63%
Radiographer5,640 XCD+140%
Radiography Technologist3,760 XCD+60%
Radiologic Technologist3,500 XCD+49%
Radiology Technologist3,740 XCD+60%
Respiratory Care Practitioner6,560 XCD+180%
Respiratory Therapist5,260 XCD+120%
Respiratory Therapy Technician3,150 XCD+34%
Sonographer3,550 XCD+51%
Sonography Technologist3,640 XCD+55%
Speech and Language Pathologist5,660 XCD+140%
Ultrasonographer2,840 XCD+21%
Ultrasound Technologist2,850 XCD+22%
Vascular Technologist2,500 XCD+7%
X-Ray Technologist3,680 XCD+57%

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 Vincent and the Grenadines earn 10% more than their private sector counterparts on average across all sectors.

Private Sector
3,290 XCD
Public Sector+10%
3,630 XCD
Percentage increase and decrease are relative to the previous value

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