Laboratory Technician Average Salary in British Indian Ocean Territory 2020
How much money does a Laboratory Technician make in British Indian Ocean Territory?
LOW
980
USD AVERAGE
2,040
USD HIGH
3,210
USD
A person working as a Laboratory Technician in British Indian Ocean Territory typically earns around 2,040 USD per month. Salaries range from 980 USD (lowest) to 3,210 USD (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 British Indian Ocean Territory
The median, the maximum, the minimum, and the range
Salary Range
Laboratory Technician salaries in British Indian Ocean Territory range from 980 USD per month (minimum salary) to 3,210 USD per month (maximum salary).
Median Salary
The median salary is 2,120 USD per month, which means that half (50%) of people working as Laboratory Technician(s) are earning less than 2,120 USD while the other half are earning more than 2,120 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.
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 1,400 USD while 75% of them are earning more than 1,400 USD. Also from the diagram, 75% of Laboratory Technician(s) are earning less than 2,770 USD while 25% are earning more than 2,770 USD.
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?
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 1,150 USD per month.
While someone with an experience level between two and five years is expected to earn 1,630 USD per month, 42% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,140 USD per month, 31% more than someone with two to five years of experience.
Additionally, Laboratory Technician(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,630 USD per month, 23% 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 2,800 USD per month, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 3,060 USD per month, 10% more than people with fifteen to twenty years of experience.
Laboratory Technician average salary change by experience in British Indian Ocean Territory
| 0 - 2 Years | 1,150 USD | |
| 2 - 5 Years | +42% | 1,630 USD |
| 5 - 10 Years | +31% | 2,140 USD |
| 10 - 15 Years | +23% | 2,630 USD |
| 15 - 20 Years | +6% | 2,800 USD |
| 20+ Years | +10% | 3,060 USD |
Typical Salary Progress for Most Careers
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.
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 1,800 USD per month.
While someone with a Master's Degree gets a salary of 2,580 USD per month, 43% more than someone having a Bachelor's Degree degree.
Laboratory Technician average salary difference by education level in British Indian Ocean Territory
| Bachelor's Degree | 1,800 USD | |
| Master's Degree | +43% | 2,580 USD |
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 British Indian Ocean Territory costs anywhere from 13,400 US Dollar(s) to 40,200 US 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
Laboratory Technician Salary Comparison By Gender
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 British Indian Ocean Territory earn 9% more than their female counterparts on average.
| Male | 2,160 USD | |
| Female | -8% | 1,990 USD |
Salary Comparison By Gender in British Indian Ocean Territory for all Careers
Laboratory Technician Average Annual Salary Increment Percentage in British Indian Ocean Territory
How much are annual salary increments in British Indian Ocean Territory for Laboratory Technician(s)? How often do employees get salary raises?
Laboratory Technician
Laboratory Technician(s) in British Indian Ocean Territory 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.
British Indian Ocean Territory / 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 2019
| Banking | 4% | |
| Energy | 8% | |
| Information Technology | 3% | |
| Healthcare | 7% | |
| Travel | 2% | |
| Construction | 6% | |
| Education | 1% |
Listed above are the average annual increase rates for each industry in British Indian Ocean Territory 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
Laboratory Technician Bonus and Incentive Rates in British Indian Ocean Territory
How much and how often are bonuses being awarded?
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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.
86% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 14% 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 | 14% | |
| No Bonus | 86% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe 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.
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 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.
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 British Indian Ocean Territory
12 USD per hourThe average hourly wage (pay per hour) in British Indian Ocean Territory is 12 USD. This means that the average Laboratory Technician in British Indian Ocean Territory earns approximately 12 USD for every worked hour.
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
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 Title | Average Salary |
| Academic Clinician | 5,450 USD |  +170% |
| Admitting Officer | 1,900 USD |  -7% |
| Ambulance Dispatcher | 2,080 USD | +2% |
| Ambulance Driver | 1,970 USD | -4% |
| Ambulance Officer and Paramedic | 2,270 USD | +11% |
| Ambulatory Services Director | 3,920 USD | +92% |
| Anatomic Pathology Supervisor | 4,570 USD | +120% |
| Anesthesia Technician | 2,910 USD | +43% |
| Anesthesiologist | 8,710 USD | +330% |
| Anesthesiology Assistant | 2,990 USD | +46% |
| Assistant Optometrist | 2,330 USD | +14% |
| Audiologist | 4,760 USD | +130% |
| Biomedical Engineering Director | 3,840 USD | +88% |
| Biomedical Engineering Technician | 1,880 USD | -8% |
| Cardiac Technician | 1,870 USD | -8% |
| Cardiovascular Specialist | 10,800 USD | +430% |
| Cardiovascular Technologist | 3,840 USD | +88% |
| Central Sterile Processing Technician | 2,200 USD | +8% |
| Charge Entry Specialist | 2,490 USD | +22% |
| Clinical Application Specialist | 2,530 USD | +24% |
| Clinical Biochemist | 4,780 USD | +130% |
| Clinical Cytogeneticist | 3,800 USD | +86% |
| Clinical Data Reviewer | 2,610 USD | +28% |
| Clinical Development Specialist | 3,050 USD | +49% |
| Clinical Field Associate | 2,520 USD | +23% |
| Clinical Genetic Technologist | 4,100 USD | +100% |
| Clinical Microbiologist | 5,160 USD | +150% |
| Clinical Molecular Geneticist | 4,430 USD | +120% |
| Clinical Neuropsychologist | 5,300 USD | +160% |
| Clinical Research Coordinator | 2,930 USD | +43% |
| Clinical Scientist | 5,610 USD | +170% |
| CME Specialist | 4,330 USD | +110% |
| CT Technologist | 2,480 USD | +21% |
| Cytogenetic Technologist | 3,810 USD | +87% |
| Diagnostic Medical Sonographer | 2,930 USD | +43% |
| Dispensing Optician | 2,390 USD | +17% |
| Dosimetrist | 3,510 USD | +72% |
| EKG Technician | 2,460 USD | +20% |
| Endoscopic Assistant | 2,200 USD | +8% |
| Endoscopy Technician | 2,210 USD | +8% |
| Enterostomal Therapist | 3,320 USD | +63% |
| Epidemiologist | 4,580 USD | +120% |
| FGP Ultrasound Techncian | 2,230 USD | +9% |
| Health Systems Specialist | 3,020 USD | +48% |
| Health Technologist | 3,500 USD | +71% |
| Healthcare Data Analyst | 2,570 USD | +26% |
| Hearing Aid Specialist | 2,780 USD | +36% |
| Histotechnologist | 3,440 USD | +68% |
| Immunologist | 4,810 USD | +140% |
| Industrial Hygienist | 3,500 USD | +71% |
| Infection Control Coordinator | 2,630 USD | +29% |
| Infection Control Practitioner | 5,320 USD | +160% |
| Infection Preventionist | 3,940 USD | +93% |
| Informatics Practice Specialist | 2,960 USD | +45% |
| Interventional Radiographer | 4,060 USD | +99% |
| Lab Assistant | 2,000 USD | -2% |
| Laboratory Manager | 3,760 USD | +84% |
| Laboratory Technician | 2,040 USD | -0% |
| Low Vision Therapist | 4,810 USD | +140% |
| Mammography Technician | 2,000 USD | -2% |
| Medical Coder | 1,780 USD | -13% |
| Medical Courier | 1,440 USD | -29% |
| Medical Equipment Preparer | 2,230 USD | +9% |
| Medical Forms Designer | 1,710 USD | -16% |
| Medical Technologist | 2,280 USD | +12% |
| MRI Technologist | 2,130 USD | +4% |
| Music Therapist | 2,950 USD | +44% |
| Neonatologist | 5,790 USD | +180% |
| Neurodiagnostic Techncian | 2,230 USD | +9% |
| Neuropsychology Testing Assistant | 1,970 USD | -4% |
| Nuclear Medical Technician | 3,050 USD | +49% |
| Nuclear Medicine Technolgoist | 3,100 USD | +52% |
| Nutrition Assistant | 2,180 USD | +7% |
| Occupaitional Therapy Assistant | 2,130 USD | +4% |
| Operating Room Scheduler | 1,890 USD | -7% |
| Operating Room Services Director | 6,040 USD | +200% |
| Ophthalmic Assistant | 2,340 USD | +15% |
| Ophthalmic Laboratory Technician | 2,190 USD | +7% |
| Optician | 4,700 USD | +130% |
| Orthopedic Technician | 2,320 USD | +14% |
| Orthoptist | 6,360 USD | +210% |
| Orthotist | 5,940 USD | +190% |
| Pathology Assistant | 2,030 USD | -1% |
| Perfusionist | 6,970 USD | +240% |
| Phlebotomist | 1,590 USD | -22% |
| Pre Authorization Case Manager | 3,230 USD | +58% |
| Prosthetist | 5,270 USD | +160% |
| Radiation Therapist | 7,330 USD | +260% |
| Radiation Therapy Technologist | 2,920 USD | +43% |
| Radiographer | 4,680 USD | +130% |
| Radiography Technologist | 3,010 USD | +47% |
| Radiologic Technologist | 2,940 USD | +44% |
| Radiology Technologist | 3,040 USD | +49% |
| Respiratory Care Practitioner | 5,640 USD | +180% |
| Respiratory Therapist | 4,170 USD | +100% |
| Respiratory Therapy Technician | 2,560 USD | +25% |
| Sonographer | 3,150 USD | +54% |
| Sonography Technologist | 2,930 USD | +43% |
| Speech and Language Pathologist | 4,640 USD | +130% |
| Ultrasonographer | 2,520 USD | +23% |
| Ultrasound Technologist | 2,440 USD | +19% |
| Vascular Technologist | 2,160 USD | +6% |
| X-Ray Technologist | 3,060 USD | +50% |
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 British Indian Ocean Territory earn 21% more than their private sector counterparts on average across all sectors.
| Private Sector | 2,440 USD | |
| Public Sector | +21% | 2,950 USD |
