Developers and Programmers Average Salaries in Venezuela 2023

How much money does a person working in Developers and Programmers make in Venezuela?

Average Monthly Salary

121,000 VES

( 1,460,000 VES yearly)

LOW
98,500
VES AVERAGE
121,000
VES HIGH
167,000
VES

Salaries for specific jobs

Developers and Programmers Jobs Pay Scale and Salaries in Venezuela

Salary Structure and Pay Scale Comparison

5% of people earn
124,000 VES or more

10% of people earn
117,000 to 124,000 VES

20% of people earn
102,000 VES or less

65% of people earn
102,000 to 117,000 VES

Minimum Salary 98,500 VES

Median 116,000 VES

Maximum 167,000 VES

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

• Salary Range, Minimum Wage, and Starting Salary

  Developers and Programmers salaries in Venezuela range from 98,500 VES per month (starting average salary) to 167,000 VES per month (maximum average salary, actual maximum is higher). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.

• Median Salary

  The median salary is 116,000 VES per month, which means that half (50%) of people working in Developers and Programmers are earning less than 116,000 VES while the other half are earning more than 116,000 VES. 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 and Salary Scale

  Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Developers and Programmers are earning less than 108,000 VES while 75% of them are earning more than 108,000 VES. Also from the diagram, 75% of people working in Developers and Programmers are earning less than 123,000 VES while 25% are earning more than 123,000 VES.

• Pay Scale Structure

  We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 102,000 VES to 117,000 VES. Approximatly 20% fall under the 102,000 VES cap. Ten percent of wages are from 117,000 VES to 124,000 VES. Only 5% of people grossed 124,000 VES or more.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

Salary and Compensation Comparison By Gender - Developers and Programmers

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Venezuela who work in Developers and Programmers earn 9% more than their female counterparts on average.

Salary Comparison By Gender in Venezuela for all Careers

Developers and Programmers Average Annual Salary Increment Percentage in Venezuela

How much are annual salary increments in Venezuela for Developers and Programmers professionals? How often do employees get salary raises?

Developers and Programmers

Developers and Programmers professionals in Venezuela are likely to observe a salary increase of approximately 5% every 30 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Venezuela / 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

Annual Increment Rate By Industry 2022

Listed above are the average annual increase rates for each industry in Venezuela for the year 2022. 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

Developers and Programmers Bonus and Incentive Rates in Venezuela

How much and how often are bonuses being awarded?

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Developers and Programmers is considered to be a moderate bonus-based field. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

67% of surveyed staff in Developers and Programmers reported that they haven't received any bonuses or incentives in the previous year while 33% 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.

Received Bonus		33%
No Bonus		67%

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?

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.

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.

Developers and Programmers Salary Forecast and Trend in Venezuela

How do Developers and Programmers salaries change over time? Listed below is a chart that shows the average salary in recent years.

Developers and Programmers salaries in Venezuela are rising in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 3% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.

Developers and Programmers Hourly Average Wage in Venezuela

700 VES per hour

The average hourly wage (pay per hour) in Venezuela is 700 VES. This means that the average person in Venezuela earns approximately 700 VES for every worked hour.

About The Hourly Pay Rate

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.

What is the minimum hourly rate of pay?

This minimum pay rate per hour for a person in Venezuela is 570 VES. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Developers and Programmers VS Other Jobs

The average salary for Developers and Programmers is 9% less than that of Information Technology. Also, Information Technology salaries are 0% more than those of All Jobs.

Salary Comparison By City

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

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for Developers and Programmers in Venezuela?

A good and competitive compensation would range anywhere between 116,000 VES and 123,000 VES. This is a very rough estimate and your experience and education will play a very huge part into your final earnings.

Gross Salary (before tax) and Net Salary (after tax)

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 salart after tax for every career.

Base / Basic Salary

The base salary for Developers and Programmers in Venezuela is ranges from 108,000 VES to 123,000 VES. 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 in a grain of salt.