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Eligibility Specialist Average Salary in Solomon Islands 2020

How much money does an Eligibility Specialist make in Solomon Islands?


Average Monthly Salary
5,970 SBD
( 71,600 SBD yearly)

LOW
2,740
SBD
AVERAGE
5,970
SBD
HIGH
9,490
SBD

A person working as an Eligibility Specialist in Solomon Islands typically earns around 5,970 SBD per month. Salaries range from 2,740 SBD (lowest) to 9,490 SBD (highest).

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

Eligibility Specialist Salary Distribution in Solomon Islands

Median and salary distribution monthly Solomon Islands Eligibility Specialist
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The median, the maximum, the minimum, and the range

  • Salary Range

    Eligibility Specialist salaries in Solomon Islands range from 2,740 SBD per month (minimum salary) to 9,490 SBD per month (maximum salary).

  • Median Salary

    The median salary is 6,440 SBD per month, which means that half (50%) of people working as Eligibility Specialist(s) are earning less than 6,440 SBD while the other half are earning more than 6,440 SBD. 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 Eligibility Specialist(s) are earning less than 4,130 SBD while 75% of them are earning more than 4,130 SBD. Also from the diagram, 75% of Eligibility Specialist(s) are earning less than 8,600 SBD while 25% are earning more than 8,600 SBD.


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

Eligibility Specialist Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Solomon Islands Eligibility Specialist
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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 Eligibility Specialist salaries by experience level and this is what we found.

An Eligibility Specialist with less than two years of experience makes approximately 3,120 SBD per month.

While someone with an experience level between two and five years is expected to earn 4,160 SBD per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 6,150 SBD per month, 48% 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, Eligibility Specialist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 7,500 SBD per month, 22% 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 8,170 SBD 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 8,850 SBD per month, 8% more than people with fifteen to twenty years of experience.


Eligibility Specialist average salary change by experience in Solomon Islands

0 - 2 Years
3,120 SBD
2 - 5 Years+34%
4,160 SBD
5 - 10 Years+48%
6,150 SBD
10 - 15 Years+22%
7,500 SBD
15 - 20 Years+9%
8,170 SBD
20+ Years+8%
8,850 SBD
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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Eligibility Specialist Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Solomon Islands Eligibility Specialist
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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 Eligibility Specialist salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of an Eligibility Specialist is 3,620 SBD per month.

While someone with a Master's Degree gets a salary of 6,990 SBD per month, 93% more than someone having a Bachelor's Degree degree.


Eligibility Specialist average salary difference by education level in Solomon Islands

Bachelor's Degree
3,620 SBD
Master's Degree+93%
6,990 SBD
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 Solomon Islands costs anywhere from 31,700 Solomon Islands Dollar(s) to 95,200 Solomon Islands 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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Eligibility Specialist Salary Comparison By Gender

Salary comparison by gender monthly Solomon Islands Eligibility Specialist
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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 Eligibility Specialist employees in Solomon Islands earn 16% more than their female counterparts on average.

Male
6,410 SBD
Female-14%
5,520 SBD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Solomon Islands for all Careers

Salary comparison by gender monthly Solomon Islands
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Eligibility Specialist Average Annual Salary Increment Percentage in Solomon Islands

How much are annual salary increments in Solomon Islands for Eligibility Specialist(s)? How often do employees get salary raises?

Eligibility Specialist

Eligibility Specialist(s) in Solomon Islands 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 Solomon Islands Eligibility Specialist
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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.

Solomon Islands / 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 Solomon Islands is 2%.

Annual Increment Rate By Industry 2019

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Listed above are the average annual increase rates for each industry in Solomon Islands 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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Eligibility Specialist Bonus and Incentive Rates in Solomon Islands

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Solomon Islands Eligibility Specialist
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An Eligibility Specialist 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.

84% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 16% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
16%
No Bonus
84%

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.

Eligibility Specialist Average Hourly Wage in Solomon Islands


34 SBD per hour

The average hourly wage (pay per hour) in Solomon Islands is 34 SBD. This means that the average Eligibility Specialist in Solomon Islands earns approximately 34 SBD 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.

Eligibility Specialist VS Other Jobs

Salary Comparison Between Eligibility Specialist and Insurance monthly Solomon Islands
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The average salary for Eligibility Specialist is 6% 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 Analyst8,010 SBD+34%
Actuarial Assistant5,630 SBD-6%
Actuary8,060 SBD+35%
Adjustment Insurance Clerk2,230 SBD-63%
Assistant Broker3,650 SBD-39%
Assistant Claims Manager6,750 SBD+13%
Associate Insurance Representative3,290 SBD-45%
Auditing Insurance Manager8,900 SBD+49%
Broker6,320 SBD+6%
Claim Advocacy Professional5,830 SBD-2%
Claims Adjuster2,220 SBD-63%
Claims Analyst3,110 SBD-48%
Claims Examiner3,110 SBD-48%
Claims Manager8,420 SBD+41%
Claims Processor2,210 SBD-63%
Claims Representative2,780 SBD-53%
Claims Resolution Specialist6,250 SBD+5%
Claims Supervisor5,900 SBD-1%
Complaints Specialist5,790 SBD-3%
Compliance Officer5,060 SBD-15%
Consultant6,140 SBD+3%
Eligibility Specialist5,970 SBD+0%
Insurance Account Manager7,770 SBD+30%
Insurance Accounts Executive6,770 SBD+13%
Insurance Agent3,760 SBD-37%
Insurance Analyst5,810 SBD-3%
Insurance Appraiser6,080 SBD+2%
Insurance Claims Clerk2,250 SBD-62%
Insurance Examiner5,540 SBD-7%
Insurance Investigator5,690 SBD-5%
Insurance Manager10,300 SBD+73%
Insurance Operations Manager10,100 SBD+69%
Insurance Policy Processing Clerk2,240 SBD-62%
Insurance Pricing Assistant4,660 SBD-22%
Insurance Program Manager7,580 SBD+27%
Insurance Project Manager7,830 SBD+31%
Insurance Quality Assurance Agent5,140 SBD-14%
Insurance Sales Agent3,590 SBD-40%
Insurance Sales Director9,780 SBD+64%
Insurance Team Leader6,450 SBD+8%
Insurance Underwriter4,320 SBD-28%
Loss Control Specialist5,570 SBD-7%
Loss Prevention Investigator5,990 SBD+0%
Loss Prevention Manager8,380 SBD+40%
Loss Prevention Specialist6,770 SBD+13%
Marine Underwriter4,420 SBD-26%
Medical Auditor6,060 SBD+2%
Monitoring and Performance Officer4,380 SBD-27%
Payment Services Specialist5,780 SBD-3%
Policy Change Director9,260 SBD+55%
Policy Change Supervisor6,390 SBD+7%
Policy Change Technician2,860 SBD-52%
Risk Analyst6,590 SBD+10%
Risk Management Director11,400 SBD+91%
Risk Management Supervisor7,360 SBD+23%
Risk Manager10,900 SBD+83%
Risk Modeling Manager10,900 SBD+83%
Title Insurance Typist5,040 SBD-16%
Training Manager6,370 SBD+7%

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 Solomon Islands earn 11% more than their private sector counterparts on average across all sectors.

Private Sector
5,960 SBD
Public Sector+11%
6,600 SBD
Percentage increase and decrease are relative to the previous value

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