HOME COMPARE YOUR SALARY COST OF LIVING CALCULATOR
Home
Compare Your Salary
Average Salaries
Best Paying Jobs
Salary Increase Letter
Career Articles
Cost of Living Calculator

Care Giving and Child Care Average Salaries in Cayman Islands 2020

How much money does a person working in Care Giving and Child Care make in Cayman Islands?


Average Yearly Salary
31,700 KYD
( 2,650 KYD monthly)

LOW
20,300
KYD
AVERAGE
31,700
KYD
HIGH
45,300
KYD

A person working in Care Giving and Child Care in Cayman Islands typically earns around 31,700 KYD per year. Salaries range from 20,300 KYD (lowest average) to 45,300 KYD (highest average, actual maximum salary is higher).

This is the average yearly salary including housing, transport, and other benefits. Salaries vary drastically between different Care Giving and Child Care careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Activity Assistant22,200 KYD
Advice Worker29,600 KYD
Care Manager38,400 KYD
Care Worker20,300 KYD
Child Care Assistant Director39,900 KYD
Child Care Specialist37,600 KYD
Child Care Teacher32,600 KYD
Child Development Center Assistant30,000 KYD
Child Development Specialist35,200 KYD
Child Life Specialist41,500 KYD
Child Protection Officer27,100 KYD
Child Psychotherapist43,500 KYD
Clinical Care Coordinator27,400 KYD
Custodian31,600 KYD
Day Care Director43,300 KYD
Elderly Care Giver25,000 KYD
Group Home Manager43,500 KYD
Kids Activity Assistant26,100 KYD
Live In Carer28,500 KYD
Nanny23,600 KYD
Nursery Nurse23,200 KYD
Nursery Teacher28,600 KYD
Nursing Home Administrator27,300 KYD
Personal Assistant26,900 KYD
Physical Health and Wellness Specialist36,100 KYD
Preschool Education Coordinator32,100 KYD
Primary Therapist37,400 KYD
Psychiatric Aide34,300 KYD
Rehabilitation Counselor38,400 KYD

Care Giving and Child Care Jobs Salary Distribution in Cayman Islands

Median and salary distribution yearly Cayman Islands Care Giving and Child Care
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/care-giving-and-child-care/median-and-salary-distribution-yearly-cayman-islands-care-giving-and-child-care.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Care Giving and Child Care salaries in Cayman Islands range from 20,300 KYD per year (minimum average salary) to 45,300 KYD per year (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 32,400 KYD per year, which means that half (50%) of people working in Care Giving and Child Care are earning less than 32,400 KYD while the other half are earning more than 32,400 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.

  • Percentiles

    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 Care Giving and Child Care are earning less than 23,700 KYD while 75% of them are earning more than 23,700 KYD. Also from the diagram, 75% of people working in Care Giving and Child Care are earning less than 39,600 KYD while 25% are earning more than 39,600 KYD.


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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

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.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

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.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


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 Cayman Islands costs anywhere from 16,300 Cayman Islands Dollar(s) to 49,000 Cayman Islands 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Care Giving and Child Care Salary Comparison By Gender

Salary comparison by gender yearly Cayman Islands Care Giving and Child Care
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/care-giving-and-child-care/salary-comparison-by-gender-yearly-cayman-islands-care-giving-and-child-care.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees earn 17% more than their female counterparts.

Female
28,700 KYD
Male+17%
33,600 KYD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Cayman Islands for all Careers

Salary comparison by gender yearly Cayman Islands
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/salary-comparison-by-gender-yearly-cayman-islands.jpg

Care Giving and Child Care Average Annual Salary Increment Percentage in Cayman Islands

How much are annual salary increments in Cayman Islands for Care Giving and Child Care professionals? How often do employees get salary raises?

Care Giving and Child Care

Care Giving and Child Care professionals in Cayman Islands are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Cayman Islands Care Giving and Child Care
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/care-giving-and-child-care/annual-salary-increment-rate-cayman-islands-care-giving-and-child-care.jpg


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.

Cayman Islands / All Professions

Annual Salary Increment Rate Cayman Islands
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/annual-salary-increment-rate-cayman-islands.jpg

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 Cayman Islands is 2%.

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 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.


Worldwide Salary Raises: All Countries and All Jobs

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Care Giving and Child Care Bonus and Incentive Rates in Cayman Islands

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Cayman Islands Care Giving and Child Care
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/care-giving-and-child-care/annual-salary-bonus-rate-cayman-islands-care-giving-and-child-care.jpg

Care Giving and Child Care is considered to be a moderate bonus-based field 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.

64% of surveyed staff in Care Giving and Child Care reported that they haven't received any bonuses or incentives in the previous year while 36% 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.

Received Bonus
36%
No Bonus
64%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries yearly Cayman Islands
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/public-vs-private-sector-salaries-yearly-cayman-islands.jpg

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.

Private Sector
35,700 KYD
Public Sector+21%
43,100 KYD
Percentage increase and decrease are relative to the previous value

Care Giving and Child Care Salary Forecast and Trend in Cayman Islands

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

Salary trends and forecast yearly Cayman Islands Care Giving and Child Care
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/care-giving-and-child-care/salary-trends-and-forecast-yearly-cayman-islands-care-giving-and-child-care.jpg
Average Salary 2016
28,200 KYD
Average Salary 2017+4%
29,200 KYD
Average Salary 2018+3%
30,000 KYD
Average Salary 2019+2%
30,600 KYD
Percentage increase and decrease are relative to the previous value

Care Giving and Child Care salaries in Cayman Islands are rising in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Care Giving and Child Care Hourly Average Wage in Cayman Islands


15 KYD per hour

The average hourly wage (pay per hour) in Cayman Islands is 15 KYD. This means that the average person in Cayman Islands earns approximately 15 KYD 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.

Care Giving and Child Care VS Other Jobs

Salary Comparison Between Care Giving and Child Care and Care Giving and Child Care yearly Cayman Islands
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cayman-islands/care-giving-and-child-care/salary-comparison-between-care-giving-and-child-care-and-care-giving-and-child-care-yearly-cayman-islands.jpg

The average salary for Care Giving and Child Care is 19% less than that of All Jobs.

0 - 0

Cost of Living Calculator

Salary Calculator

Salary Increase Letters

Cost of Living Comparison

Career Articles

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2018