A person working as Translator in Suriname typically earns around 4,770 SRD. Salaries range from 2,530 SRD (lowest) to 7,250 SRD (highest).
This is the average salary including housing, transport, and other benefits. Translator salaries in Suriname vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 2,530 SRD |
Median 4,300 SRD |
Maximum 7,250 SRD |
Salaries for the position Translator in Suriname range from 2,530 SRD (starting salary) to 7,250 SRD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
With a median salary of 4,300 SRD, half of the professionals who work as Translator in Suriname earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Translator in Suriname earn less than 3,580 SRD, while 75% earn more. Similarly, the chart shows that 75% earn less than 4,870 SRD while 25% earn more.
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Translator in Suriname compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,820 SRD to 3,830 SRD. About 20% of salaries are below the 2,820 SRD mark, while 10% fall within the range of 3,830 SRD to 4,290 SRD. Only 5% of individuals have salaries exceeding 4,290 SRD.
0 - 2 Years | 2,910 SRD | |
2 - 5 Years | +23% | 3,570 SRD |
5 - 10 Years | +42% | 5,060 SRD |
10 - 15 Years | +17% | 5,910 SRD |
15 - 20 Years | +10% | 6,500 SRD |
20+ Years | +6% | 6,870 SRD |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Translator and this is what we found.
Employees with less than two years of experience earn approximately 2,910 SRD.
While someone with an experience level between two and five years is expected to earn 3,570 SRD, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 5,060 SRD, 42% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 5,910 SRD, 17% 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 6,500 SRD, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 6,870 SRD, 6% more than people with fifteen to twenty years of experience.
High School | 3,520 SRD | |
Certificate or Diploma | +13% | 3,990 SRD |
Bachelor's Degree | +31% | 5,220 SRD |
Master's Degree | +32% | 6,870 SRD |
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 salaries by education level for the position Translator in order to make a comparison.
Employees at this education level have an average salary of 3,520 SRD.
At this level, the average salary becomes 3,990 SRD, 13% more than the previous level.
At this level, the average salary becomes 5,220 SRD, 31% more than the previous level.
At this level, the average salary becomes 6,870 SRD, 32% more than the previous level.
A Master's degree program or any post-graduate program in Suriname costs anywhere from 25,800 SRD to 77,400 SRD 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 to a higher-paying job. The numbers seem to support the theory. 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? For the people who work as Translator in Suriname, the average difference between the salary of male and female employees is 9%.
Male | 4,940 SRD | |
Female | -8% | 4,530 SRD |
Individuals working as Translator in Suriname are likely to observe a salary increase of approximately 8% every 29 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
91% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 9% 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.
Received Bonus | 9% | |
No Bonus | 91% |
The most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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. |
Example: | Example: |
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 fixed 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 minimum pay rate per hour for people working as Translator in Suriname is 15 SRD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Bilingual | -100% | |
Teacher | 4,020 SRD | -16% |
Translator | 4,770 SRD | -0% |
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Suriname is 17% on average across all career fields.
Private Sector | 4,800 SRD | |
Public Sector | +17% | 5,620 SRD |
A good and competitive compensation would range anywhere between 4,300 SRD and 4,870 SRD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
The base salary for a careers like Translator in Suriname ranges from 2,530 SRD to 3,580 SRD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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