A person working as a Power Plant Operator in Cayman Islands typically earns around 29,500 KYD per year. Salaries range from 14,800 KYD (lowest) to 45,800 KYD (highest).
This is the average yearly 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 Cayman Islands range from 14,800 KYD per year (minimum salary) to 45,800 KYD per year (maximum salary).
The median salary is 29,500 KYD per year, which means that half (50%) of people working as Power Plant Operator(s) are earning less than 29,500 KYD while the other half are earning more than 29,500 KYD. 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 19,900 KYD while 75% of them are earning more than 19,900 KYD. Also from the diagram, 75% of Power Plant Operator(s) are earning less than 37,600 KYD while 25% are earning more than 37,600 KYD.
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 17,700 KYD per year.
While someone with an experience level between two and five years is expected to earn 23,400 KYD per year, 32% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 31,400 KYD per year, 34% 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 37,400 KYD per year, 19% 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 40,300 KYD per year, 8% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 43,300 KYD per year, 7% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+32%|
|5 - 10 Years||+34%|
|10 - 15 Years||+19%|
|15 - 20 Years||+8%|
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 23,400 KYD per year.
While someone with a Certificate or Diploma gets a salary of 32,700 KYD per year, 40% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 40,800 KYD per year, 25% 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 Cayman Islands earn 6% more than their female counterparts on average.
Power Plant Operator(s) in Cayman Islands are likely to observe a salary increase of approximately 8% every 27 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 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 Cayman Islands 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.
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.
63% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 37% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% 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 16% 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||33,500 KYD||+13%|
|Associate Analyst||37,000 KYD||+25%|
|Associate Landman||15,600 KYD||-47%|
|Auxiliary Equipment Operator||15,100 KYD||-49%|
|Biomass Plant Technician||17,000 KYD||-42%|
|Biomass Power Plant Manager||50,800 KYD||+72%|
|Chemical Plant Operator||29,500 KYD||-0%|
|Chief Contract Compliance Engineer||38,500 KYD||+30%|
|Completions Engineer||33,100 KYD||+12%|
|Cost Controller||25,200 KYD||-15%|
|Crude Oil Marketing Representative||37,300 KYD||+26%|
|Distribution Manager||49,200 KYD||+67%|
|Dragline Operator||17,500 KYD||-41%|
|Driller Offsider||12,200 KYD||-59%|
|Dump Truck Driver||14,200 KYD||-52%|
|Electric and Gas Operations Manager||77,800 KYD||+160%|
|Energy Advisor||54,400 KYD||+84%|
|Energy Analyst||52,400 KYD||+77%|
|Energy Auditor||43,500 KYD||+47%|
|Energy Dispatch Director||61,100 KYD||+110%|
|Energy Technical Assistant||21,600 KYD||-27%|
|Energy Technical Manager||42,500 KYD||+44%|
|Energy Technical Trainer||30,700 KYD||+4%|
|Exploration Manager||64,400 KYD||+120%|
|Field Safety Auditor||40,000 KYD||+35%|
|Fluids Engineer||34,300 KYD||+16%|
|Fuel Cell Engineer||36,100 KYD||+22%|
|Fuel Cell Technician||17,900 KYD||-39%|
|Fuels Handler||16,200 KYD||-45%|
|Gas Compressor Operator||16,300 KYD||-45%|
|Gas Distribution Plant Operator||28,400 KYD||-4%|
|Gas Supply Manager||54,900 KYD||+86%|
|Geothermal Production Manager||58,300 KYD||+97%|
|Geothermal Technician||24,900 KYD||-16%|
|HSE Engineer||35,700 KYD||+21%|
|HSE Officer||22,600 KYD||-23%|
|HSEQ Administrator||25,700 KYD||-13%|
|Instrument Designer||27,200 KYD||-8%|
|Lead Technical Field Advisor||48,200 KYD||+63%|
|Logistics and Tool Coordinator||31,300 KYD||+6%|
|Maintenance Engineer||36,200 KYD||+23%|
|Maintenance Superintendent||31,800 KYD||+8%|
|Material Controller||24,200 KYD||-18%|
|Mine Engineer||34,300 KYD||+16%|
|Mine Surveyor||40,700 KYD||+38%|
|Mining Project Administrator||30,600 KYD||+4%|
|Mining Project Assistant||24,900 KYD||-16%|
|Mining Project Controls Consultant||41,000 KYD||+39%|
|Mining Project Coordinator||30,600 KYD||+4%|
|Mining Project Engineer||35,600 KYD||+21%|
|Mining Project Manager||43,500 KYD||+47%|
|Mining Site Manager||47,800 KYD||+62%|
|Mining Team Leader||36,900 KYD||+25%|
|NDT Technician||21,300 KYD||-28%|
|Oil Service Unit Operator||18,900 KYD||-36%|
|Oil Trader||45,800 KYD||+55%|
|Oilwell Pumper||13,900 KYD||-53%|
|Petroleum Engineer||39,100 KYD||+32%|
|Petroleum Geologist||62,400 KYD||+110%|
|Petroleum Pump System Operator||20,100 KYD||-32%|
|Pipeline Technician||13,900 KYD||-53%|
|Power Coordinator||21,100 KYD||-29%|
|Power Plant Operations Manager||66,700 KYD||+130%|
|Power Plant Operator||29,500 KYD||-0%|
|Radio Operator||15,000 KYD||-49%|
|Reliability Engineer||35,400 KYD||+20%|
|Reservoir Engineer||32,100 KYD||+9%|
|Risk Analyst||43,400 KYD||+47%|
|Shutdown Engineer||30,100 KYD||+2%|
|Solar Energy Installation Manager||54,200 KYD||+84%|
|Solar Energy Systems Engineer||35,900 KYD||+22%|
|Solar Photovoltaic Installer||23,600 KYD||-20%|
|Solar Thermal Technician||21,100 KYD||-29%|
|Supply Operations Manager||56,700 KYD||+92%|
|Sustainability Specialist||57,900 KYD||+96%|
|System Development Advisor||42,200 KYD||+43%|
|Tanker Truck Driver||14,200 KYD||-52%|
|Utility Operator||18,700 KYD||-37%|
|Wind Energy Project Manager||51,200 KYD||+73%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Cayman Islands earn 21% more than their private sector counterparts on average across all sectors.