A person working as a Power Plant Operator in Turks and Caicos Islands typically earns around 1,170 USD per month. Salaries range from 620 USD (lowest) to 1,780 USD (highest).
This is the average monthly salary including housing, transport, and other benefits. Power Plant Operator salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Power Plant Operator salaries in Turks and Caicos Islands range from 620 USD per month (minimum salary) to 1,780 USD per month (maximum salary).
The median salary is 1,100 USD per month, which means that half (50%) of people working as Power Plant Operator(s) are earning less than 1,100 USD while the other half are earning more than 1,100 USD. 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 Power Plant Operator(s) are earning less than 770 USD while 75% of them are earning more than 770 USD. Also from the diagram, 75% of Power Plant Operator(s) are earning less than 1,350 USD while 25% are earning more than 1,350 USD.
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 Power Plant Operator salaries by experience level and this is what we found.
A Power Plant Operator with less than two years of experience makes approximately 710 USD per month.
While someone with an experience level between two and five years is expected to earn 870 USD per month, 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 1,240 USD per month, 42% more than someone with two to five years of experience.
Additionally, Power Plant Operator(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 1,450 USD per month, 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 1,590 USD per month, 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 1,680 USD per month, 6% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+23%|
|5 - 10 Years||+42%|
|10 - 15 Years||+17%|
|15 - 20 Years||+10%|
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 Power Plant Operator salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Power Plant Operator is 870 USD per month.
While someone with a Certificate or Diploma gets a salary of 1,220 USD per month, 40% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 1,730 USD per month, 42% more than someone with a Certificate or Diploma.
|Certificate or Diploma||+40%|
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Power Plant Operator employees in Turks and Caicos Islands earn 14% more than their female counterparts on average.
Power Plant Operator(s) in Turks and Caicos Islands are likely to observe a salary increase of approximately 7% every 28 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 Turks and Caicos Islands 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 Power Plant Operator is considered to be a moderate 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.
66% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 34% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 5% 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 Power Plant Operator is 13% less than that of Oil / Gas / Energy / Mining. Also, Oil / Gas / Energy / Mining salaries are 10% less than those of All Jobs.
|Job Title||Average Salary|
|Assistant Yard Manager||1,280 USD||+10%|
|Associate Analyst||1,460 USD||+25%|
|Associate Landman||610 USD||-48%|
|Auxiliary Equipment Operator||590 USD||-49%|
|Biomass Plant Technician||700 USD||-40%|
|Biomass Power Plant Manager||2,050 USD||+76%|
|Chemical Plant Operator||1,080 USD||-8%|
|Chief Contract Compliance Engineer||1,420 USD||+22%|
|Completions Engineer||1,370 USD||+17%|
|Cost Controller||1,000 USD||-14%|
|Crude Oil Marketing Representative||1,520 USD||+30%|
|Distribution Manager||2,030 USD||+74%|
|Dragline Operator||660 USD||-43%|
|Driller Offsider||520 USD||-55%|
|Dump Truck Driver||560 USD||-52%|
|Electric and Gas Operations Manager||3,330 USD||+190%|
|Energy Advisor||2,170 USD||+86%|
|Energy Analyst||1,890 USD||+62%|
|Energy Auditor||1,710 USD||+46%|
|Energy Dispatch Director||2,320 USD||+99%|
|Energy Technical Assistant||900 USD||-23%|
|Energy Technical Manager||1,630 USD||+40%|
|Energy Technical Trainer||1,250 USD||+7%|
|Exploration Manager||2,410 USD||+110%|
|Field Safety Auditor||1,610 USD||+38%|
|Fluids Engineer||1,410 USD||+21%|
|Fuel Cell Engineer||1,420 USD||+22%|
|Fuel Cell Technician||690 USD||-41%|
|Fuels Handler||660 USD||-43%|
|Gas Compressor Operator||630 USD||-46%|
|Gas Distribution Plant Operator||1,190 USD||+2%|
|Gas Supply Manager||2,190 USD||+88%|
|Geothermal Production Manager||2,440 USD||+110%|
|Geothermal Technician||1,020 USD||-13%|
|HSE Engineer||1,460 USD||+25%|
|HSE Officer||820 USD||-30%|
|HSEQ Administrator||990 USD||-15%|
|Instrument Designer||1,070 USD||-8%|
|Lead Technical Field Advisor||1,870 USD||+60%|
|Logistics and Tool Coordinator||1,240 USD||+6%|
|Maintenance Engineer||1,410 USD||+21%|
|Maintenance Superintendent||1,260 USD||+8%|
|Material Controller||920 USD||-21%|
|Mine Engineer||1,320 USD||+13%|
|Mine Surveyor||1,470 USD||+26%|
|Mining Project Administrator||1,250 USD||+7%|
|Mining Project Assistant||970 USD||-17%|
|Mining Project Controls Consultant||1,560 USD||+34%|
|Mining Project Coordinator||1,290 USD||+10%|
|Mining Project Engineer||1,400 USD||+20%|
|Mining Project Manager||1,800 USD||+54%|
|Mining Site Manager||1,930 USD||+65%|
|Mining Team Leader||1,510 USD||+29%|
|NDT Technician||880 USD||-25%|
|Oil Service Unit Operator||730 USD||-38%|
|Oil Trader||1,840 USD||+58%|
|Oilwell Pumper||530 USD||-55%|
|Petroleum Engineer||1,570 USD||+34%|
|Petroleum Geologist||2,570 USD||+120%|
|Petroleum Pump System Operator||760 USD||-35%|
|Pipeline Technician||510 USD||-56%|
|Power Coordinator||840 USD||-28%|
|Power Plant Operations Manager||2,660 USD||+130%|
|Power Plant Operator||1,170 USD||+0%|
|Radio Operator||590 USD||-49%|
|Reliability Engineer||1,350 USD||+16%|
|Reservoir Engineer||1,310 USD||+12%|
|Risk Analyst||1,690 USD||+45%|
|Shutdown Engineer||1,200 USD||+3%|
|Solar Energy Installation Manager||2,090 USD||+79%|
|Solar Energy Systems Engineer||1,500 USD||+28%|
|Solar Photovoltaic Installer||880 USD||-25%|
|Solar Thermal Technician||860 USD||-26%|
|Supply Operations Manager||2,200 USD||+88%|
|Sustainability Specialist||2,260 USD||+93%|
|System Development Advisor||1,660 USD||+42%|
|Tanker Truck Driver||540 USD||-54%|
|Utility Operator||780 USD||-33%|
|Wind Energy Project Manager||1,910 USD||+64%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Turks and Caicos Islands earn 10% more than their private sector counterparts on average across all sectors.