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Laboratory Technician Average Salary in Venezuela 2020

How much money does a Laboratory Technician make in Venezuela?


Average Monthly Salary
101,000 VES
( 1,210,000 VES yearly)

LOW
51,500
VES
AVERAGE
101,000
VES
HIGH
156,000
VES

A person working as a Laboratory Technician in Venezuela typically earns around 101,000 VES per month. Salaries range from 51,500 VES (lowest) to 156,000 VES (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 Salary Distribution in Venezuela

Median and salary distribution monthly Venezuela Laboratory Technician
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The median, the maximum, the minimum, and the range

  • Salary Range

    Laboratory Technician salaries in Venezuela range from 51,500 VES per month (minimum salary) to 156,000 VES per month (maximum salary).

  • Median Salary

    The median salary is 99,000 VES per month, which means that half (50%) of people working as Laboratory Technician(s) are earning less than 99,000 VES while the other half are earning more than 99,000 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

    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 67,700 VES while 75% of them are earning more than 67,700 VES. Also from the diagram, 75% of Laboratory Technician(s) are earning less than 125,000 VES while 25% are earning more than 125,000 VES.


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

Laboratory Technician Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Venezuela Laboratory Technician
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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 Laboratory Technician salaries by experience level and this is what we found.

A Laboratory Technician with less than two years of experience makes approximately 57,800 VES per month.

While someone with an experience level between two and five years is expected to earn 75,400 VES 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 106,000 VES per month, 40% 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, Laboratory Technician(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 127,000 VES 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 138,000 VES 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 149,000 VES per month, 8% more than people with fifteen to twenty years of experience.


Laboratory Technician average salary change by experience in Venezuela

0 - 2 Years
57,800 VES
2 - 5 Years+31%
75,400 VES
5 - 10 Years+40%
106,000 VES
10 - 15 Years+20%
127,000 VES
15 - 20 Years+9%
138,000 VES
20+ Years+8%
149,000 VES
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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Laboratory Technician Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Venezuela Laboratory Technician
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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 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 71,300 VES per month.

While someone with a Master's Degree gets a salary of 126,000 VES per month, 77% more than someone having a Bachelor's Degree degree.


Laboratory Technician average salary difference by education level in Venezuela

Bachelor's Degree
71,300 VES
Master's Degree+77%
126,000 VES
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 Venezuela costs anywhere from 662,000 Bolivar Soberano(s) to 1,990,000 Bolivar Soberano(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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Laboratory Technician Salary Comparison By Gender

Salary comparison by gender monthly Venezuela Laboratory Technician
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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 Laboratory Technician employees in Venezuela earn 12% more than their female counterparts on average.

Male
107,000 VES
Female-11%
95,400 VES
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Venezuela for all Careers

Salary comparison by gender monthly Venezuela
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Laboratory Technician Average Annual Salary Increment Percentage in Venezuela

How much are annual salary increments in Venezuela for Laboratory Technician(s)? How often do employees get salary raises?

Laboratory Technician

Laboratory Technician(s) in Venezuela 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.

Annual Salary Increment Rate Venezuela Laboratory Technician
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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.

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

The average salary increase in one year (12 months) in Venezuela 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 Venezuela 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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Laboratory Technician Bonus and Incentive Rates in Venezuela

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Venezuela Laboratory Technician
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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.

Received Bonus
11%
No Bonus
89%

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.

Laboratory Technician Average Hourly Wage in Venezuela


580 VES per hour

The average hourly wage (pay per hour) in Venezuela is 580 VES. This means that the average Laboratory Technician in Venezuela earns approximately 580 VES 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.

Laboratory Technician VS Other Jobs

Salary Comparison Between Laboratory Technician and Health and Medical monthly Venezuela
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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.

Salary comparison with similar jobs

Job TitleAverage Salary
Academic Clinician265,000 VES+160%
Admitting Officer100,000 VES-1%
Ambulance Dispatcher103,000 VES+2%
Ambulance Driver97,500 VES-3%
Ambulance Officer and Paramedic107,000 VES+6%
Ambulatory Services Director205,000 VES+100%
Anatomic Pathology Supervisor243,000 VES+140%
Anesthesia Technician138,000 VES+37%
Anesthesiologist396,000 VES+290%
Anesthesiology Assistant138,000 VES+37%
Assistant Optometrist120,000 VES+19%
Audiologist230,000 VES+130%
Biomedical Engineering Director183,000 VES+81%
Biomedical Engineering Technician99,600 VES-1%
Cardiac Technician90,100 VES-11%
Cardiovascular Specialist511,000 VES+410%
Cardiovascular Technologist201,000 VES+99%
Central Sterile Processing Technician117,000 VES+16%
Charge Entry Specialist121,000 VES+20%
Clinical Application Specialist126,000 VES+25%
Clinical Biochemist220,000 VES+120%
Clinical Cytogeneticist194,000 VES+92%
Clinical Data Reviewer118,000 VES+17%
Clinical Development Specialist152,000 VES+50%
Clinical Field Associate126,000 VES+25%
Clinical Genetic Technologist187,000 VES+85%
Clinical Microbiologist264,000 VES+160%
Clinical Molecular Geneticist206,000 VES+100%
Clinical Neuropsychologist272,000 VES+170%
Clinical Research Coordinator145,000 VES+44%
Clinical Scientist263,000 VES+160%
CME Specialist205,000 VES+100%
CT Technologist119,000 VES+18%
Cytogenetic Technologist184,000 VES+82%
Diagnostic Medical Sonographer148,000 VES+47%
Dispensing Optician122,000 VES+21%
Dosimetrist169,000 VES+67%
EKG Technician114,000 VES+13%
Endoscopic Assistant107,000 VES+6%
Endoscopy Technician107,000 VES+6%
Enterostomal Therapist178,000 VES+76%
Epidemiologist210,000 VES+110%
FGP Ultrasound Techncian107,000 VES+6%
Health Systems Specialist157,000 VES+55%
Health Technologist182,000 VES+80%
Healthcare Data Analyst133,000 VES+32%
Hearing Aid Specialist133,000 VES+32%
Histotechnologist166,000 VES+64%
Immunologist242,000 VES+140%
Industrial Hygienist171,000 VES+69%
Infection Control Coordinator129,000 VES+28%
Infection Control Practitioner277,000 VES+170%
Infection Preventionist186,000 VES+84%
Informatics Practice Specialist142,000 VES+41%
Interventional Radiographer214,000 VES+110%
Lab Assistant104,000 VES+3%
Laboratory Manager185,000 VES+83%
Laboratory Technician101,000 VES=
Low Vision Therapist217,000 VES+110%
Mammography Technician99,600 VES-1%
Medical Coder93,000 VES-8%
Medical Courier68,100 VES-33%
Medical Equipment Preparer106,000 VES+5%
Medical Forms Designer85,800 VES-15%
Medical Technologist117,000 VES+16%
MRI Technologist107,000 VES+6%
Music Therapist145,000 VES+44%
Neonatologist299,000 VES+200%
Neurodiagnostic Techncian105,000 VES+4%
Neuropsychology Testing Assistant93,600 VES-7%
Nuclear Medical Technician139,000 VES+38%
Nuclear Medicine Technolgoist150,000 VES+49%
Nutrition Assistant108,000 VES+7%
Occupaitional Therapy Assistant107,000 VES+6%
Operating Room Scheduler95,200 VES-6%
Operating Room Services Director306,000 VES+200%
Ophthalmic Assistant111,000 VES+10%
Ophthalmic Laboratory Technician114,000 VES+13%
Optician238,000 VES+140%
Orthopedic Technician107,000 VES+6%
Orthoptist312,000 VES+210%
Orthotist293,000 VES+190%
Pathology Assistant104,000 VES+3%
Perfusionist317,000 VES+210%
Phlebotomist83,600 VES-17%
Pre Authorization Case Manager154,000 VES+52%
Prosthetist254,000 VES+150%
Radiation Therapist376,000 VES+270%
Radiation Therapy Technologist152,000 VES+50%
Radiographer239,000 VES+140%
Radiography Technologist143,000 VES+42%
Radiologic Technologist149,000 VES+48%
Radiology Technologist152,000 VES+50%
Respiratory Care Practitioner281,000 VES+180%
Respiratory Therapist219,000 VES+120%
Respiratory Therapy Technician128,000 VES+27%
Sonographer144,000 VES+43%
Sonography Technologist148,000 VES+47%
Speech and Language Pathologist216,000 VES+110%
Ultrasonographer115,000 VES+14%
Ultrasound Technologist114,000 VES+13%
Vascular Technologist104,000 VES+3%
X-Ray Technologist156,000 VES+54%

Salary Comparison By City

CityAverage Salary
Barquisimeto99,000 VES
Caracas108,000 VES
Ciudad Guayana89,700 VES
Maracaibo101,000 VES

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.

Private Sector
124,000 VES
Public Sector+11%
138,000 VES
Percentage increase and decrease are relative to the previous value

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