A person working as a Laboratory Technician in Barbados typically earns around 2,490 BBD per month. Salaries range from 1,270 BBD (lowest) to 3,830 BBD (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 salaries in Barbados range from 1,270 BBD per month (minimum salary) to 3,830 BBD per month (maximum salary).
The median salary is 2,440 BBD per month, which means that half (50%) of people working as Laboratory Technician(s) are earning less than 2,440 BBD while the other half are earning more than 2,440 BBD. 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.
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 1,670 BBD while 75% of them are earning more than 1,670 BBD. Also from the diagram, 75% of Laboratory Technician(s) are earning less than 3,070 BBD while 25% are earning more than 3,070 BBD.
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
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 1,420 BBD per month.
While someone with an experience level between two and five years is expected to earn 1,860 BBD per month, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,600 BBD per month, 40% more than someone with two to five years of experience.
Additionally, Laboratory Technician(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 3,120 BBD per month, 20% 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 3,390 BBD per month, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 3,660 BBD per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+31%|
|5 - 10 Years||+40%|
|10 - 15 Years||+20%|
|15 - 20 Years||+9%|
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 1,750 BBD per month.
While someone with a Master's Degree gets a salary of 3,110 BBD per month, 77% more than someone having a Bachelor's Degree degree.
A Master's degree program or any post-graduate program in Barbados costs anywhere from 16,300 Barbados Dollar(s) to 48,800 Barbados 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.
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 Barbados earn 13% more than their female counterparts on average.
Laboratory Technician(s) in Barbados 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.
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.
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
Listed above are the average annual increase rates for each industry in Barbados for the year 2020. 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.
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.
89% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 11% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
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.
The average salary for Laboratory Technician is 39% less than that of Healthcare Technical. Also, Healthcare Technical salaries are 17% less than those of Health and Medical.
|Job Title||Average Salary|
|Academic Clinician||6,290 BBD||+150%|
|Admitting Officer||2,580 BBD||+4%|
|Ambulance Dispatcher||2,530 BBD||+2%|
|Ambulance Driver||2,360 BBD||-5%|
|Ambulance Officer and Paramedic||2,620 BBD||+5%|
|Ambulatory Services Director||4,930 BBD||+98%|
|Anatomic Pathology Supervisor||6,040 BBD||+140%|
|Anesthesia Technician||3,610 BBD||+45%|
|Anesthesiology Assistant||3,700 BBD||+49%|
|Assistant Optometrist||2,810 BBD||+13%|
|Biomedical Engineering Director||4,710 BBD||+90%|
|Biomedical Engineering Technician||2,520 BBD||+1%|
|Cardiac Technician||2,240 BBD||-10%|
|Cardiovascular Specialist||12,500 BBD||+400%|
|Cardiovascular Technologist||4,830 BBD||+94%|
|Central Sterile Processing Technician||2,950 BBD||+19%|
|Charge Entry Specialist||3,180 BBD||+28%|
|Clinical Application Specialist||3,050 BBD||+23%|
|Clinical Biochemist||5,910 BBD||+140%|
|Clinical Cytogeneticist||5,130 BBD||+110%|
|Clinical Data Reviewer||3,110 BBD||+25%|
|Clinical Development Specialist||3,950 BBD||+59%|
|Clinical Field Associate||3,220 BBD||+30%|
|Clinical Genetic Technologist||4,700 BBD||+89%|
|Clinical Microbiologist||6,220 BBD||+150%|
|Clinical Molecular Geneticist||5,290 BBD||+110%|
|Clinical Neuropsychologist||7,070 BBD||+180%|
|Clinical Research Coordinator||3,510 BBD||+41%|
|Clinical Scientist||6,620 BBD||+170%|
|CME Specialist||5,430 BBD||+120%|
|CT Technologist||2,960 BBD||+19%|
|Cytogenetic Technologist||4,510 BBD||+81%|
|Diagnostic Medical Sonographer||3,710 BBD||+49%|
|Dispensing Optician||2,910 BBD||+17%|
|EKG Technician||2,970 BBD||+20%|
|Endoscopic Assistant||2,840 BBD||+14%|
|Endoscopy Technician||2,610 BBD||+5%|
|Enterostomal Therapist||4,300 BBD||+73%|
|FGP Ultrasound Techncian||2,670 BBD||+7%|
|Health Systems Specialist||3,890 BBD||+57%|
|Health Technologist||4,450 BBD||+79%|
|Healthcare Data Analyst||3,340 BBD||+34%|
|Hearing Aid Specialist||3,370 BBD||+36%|
|Industrial Hygienist||4,410 BBD||+77%|
|Infection Control Coordinator||2,960 BBD||+19%|
|Infection Control Practitioner||6,760 BBD||+170%|
|Infection Preventionist||4,950 BBD||+99%|
|Informatics Practice Specialist||3,590 BBD||+44%|
|Interventional Radiographer||5,500 BBD||+120%|
|Lab Assistant||2,540 BBD||+2%|
|Laboratory Manager||4,630 BBD||+86%|
|Laboratory Technician||2,490 BBD||+0%|
|Low Vision Therapist||5,710 BBD||+130%|
|Mammography Technician||2,620 BBD||+5%|
|Medical Coder||2,270 BBD||-9%|
|Medical Courier||1,810 BBD||-27%|
|Medical Equipment Preparer||2,500 BBD||+1%|
|Medical Forms Designer||2,220 BBD||-11%|
|Medical Technologist||2,720 BBD||+9%|
|MRI Technologist||2,500 BBD||+1%|
|Music Therapist||3,680 BBD||+48%|
|Neurodiagnostic Techncian||2,590 BBD||+4%|
|Neuropsychology Testing Assistant||2,440 BBD||-2%|
|Nuclear Medical Technician||3,540 BBD||+42%|
|Nuclear Medicine Technolgoist||3,670 BBD||+48%|
|Nutrition Assistant||2,650 BBD||+7%|
|Occupaitional Therapy Assistant||2,740 BBD||+10%|
|Operating Room Scheduler||2,390 BBD||-4%|
|Operating Room Services Director||7,560 BBD||+200%|
|Ophthalmic Assistant||2,700 BBD||+9%|
|Ophthalmic Laboratory Technician||2,750 BBD||+11%|
|Orthopedic Technician||2,870 BBD||+15%|
|Pathology Assistant||2,750 BBD||+11%|
|Pre Authorization Case Manager||3,630 BBD||+46%|
|Radiation Therapist||8,850 BBD||+260%|
|Radiation Therapy Technologist||3,720 BBD||+50%|
|Radiography Technologist||3,790 BBD||+53%|
|Radiologic Technologist||3,690 BBD||+48%|
|Radiology Technologist||3,570 BBD||+44%|
|Respiratory Care Practitioner||6,700 BBD||+170%|
|Respiratory Therapist||5,110 BBD||+110%|
|Respiratory Therapy Technician||3,010 BBD||+21%|
|Sonography Technologist||3,710 BBD||+49%|
|Speech and Language Pathologist||5,540 BBD||+120%|
|Ultrasound Technologist||2,880 BBD||+16%|
|Vascular Technologist||2,590 BBD||+4%|
|X-Ray Technologist||3,740 BBD||+51%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Barbados earn 11% more than their private sector counterparts on average across all sectors.