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Human Resources Average Salaries in Cayman Islands 2020

How much money does a person working in Human Resources make in Cayman Islands?


Average Yearly Salary
40,000 KYD
( 3,330 KYD monthly)

LOW
18,300
KYD
AVERAGE
40,000
KYD
HIGH
59,800
KYD

A person working in Human Resources in Cayman Islands typically earns around 40,000 KYD per year. Salaries range from 18,300 KYD (lowest average) to 59,800 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 Human Resources 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
Benefits Administrator32,100 KYD
Benefits Analyst38,400 KYD
Benefits Manager42,600 KYD
Chief People Officer46,300 KYD
Compensation Analyst36,200 KYD
Compensation and Benefits Manager42,900 KYD
Compensation and Benefits Officer31,800 KYD
Compensation Manager44,700 KYD
Corporate Director of Human Resources60,200 KYD
Corporate Trainer40,800 KYD
Employee Benefits Administrator35,900 KYD
Employee Communications Manager38,900 KYD
Employee Development Specialist39,800 KYD
Employee Engagement Specialist42,200 KYD
Employee Health and Wellness Administrator40,700 KYD
Employee Performance Specialist39,600 KYD
Employee Relations Manager44,700 KYD
Employee Relations Practitioner39,100 KYD
Employee Services Manager40,600 KYD
Employment Advice Worker29,200 KYD
Employment Interviewer33,100 KYD
Employment Service Specialist35,400 KYD
Employment Services Coordinator36,400 KYD
Enrollment Counselor40,700 KYD
Equal Opportunity Representative36,900 KYD
Executive Human Capital Management57,200 KYD
Executive Recruiter40,300 KYD
Expatriate Administration Manager44,400 KYD
Expatriate Administration Supervisor38,100 KYD
Global Mobility Manager44,300 KYD
Headhunter43,700 KYD
Health Benefits Coordinator32,600 KYD
HRIS Analyst33,100 KYD
HRIS Manager42,500 KYD
HRIS Supervisor34,400 KYD
Human Resources Administration Specialist32,600 KYD
Human Resources Administrator33,800 KYD
Human Resources Advisor40,200 KYD
Human Resources Analyst35,900 KYD
Human Resources Assessor31,600 KYD
Human Resources Assistant Manager44,000 KYD
Human Resources Associate35,600 KYD
Human Resources Consultant40,000 KYD
Human Resources Data Analytics Manager43,300 KYD
Human Resources Generalist40,500 KYD
Human Resources Manager53,100 KYD
Human Resources Officer30,100 KYD
Human Resources Representative31,500 KYD
Human Resources Section Head38,900 KYD
Human Resources Superintendent32,100 KYD
Human Resources Training Executive40,200 KYD
Industrial Organizational Psychologist42,900 KYD
Job Evaluation Specialist43,200 KYD
Labor Relations Director47,700 KYD
Labor Relations Manager44,000 KYD
Labor Relations Specialist36,400 KYD
Learning and Development Manager43,800 KYD
Occupational Health and Safety Officer32,600 KYD
Organizational Development Consultant43,800 KYD
Organizational Development Manager41,200 KYD
Organizational Development Specialist34,900 KYD
Payroll Assistant25,000 KYD
Payroll Supervisor32,800 KYD
People Development Officer34,300 KYD
Personnel Officer29,900 KYD
Records Clerk19,100 KYD
Records Manager39,700 KYD
Recruiter41,200 KYD
Recruiting Coordinator32,100 KYD
Recruiting Manager54,600 KYD
Recruitment Consultant45,300 KYD
Recruitment Officer36,600 KYD
Recruitment Supervisor44,700 KYD
Research Associate39,600 KYD
SAP Resource Manager48,200 KYD
Talent Acquisition Specialist36,100 KYD
Talent Management Officer45,800 KYD
Training and Development Section Head40,500 KYD
Training Executive50,100 KYD
Training Officer29,900 KYD

Human Resources Jobs Salary Distribution in Cayman Islands

Median and salary distribution yearly Cayman Islands Human Resources
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The median, the maximum, the minimum, and the range

  • Salary Range

    Human Resources salaries in Cayman Islands range from 18,300 KYD per year (minimum average salary) to 59,800 KYD per year (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 41,600 KYD per year, which means that half (50%) of people working in Human Resources are earning less than 41,600 KYD while the other half are earning more than 41,600 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 Human Resources are earning less than 27,000 KYD while 75% of them are earning more than 27,000 KYD. Also from the diagram, 75% of people working in Human Resources are earning less than 52,700 KYD while 25% are earning more than 52,700 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
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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
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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.

Human Resources Salary Comparison By Gender

Salary comparison by gender yearly Cayman Islands Human Resources
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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 employees earn 12% more than their female counterparts.

Female
38,700 KYD
Male+12%
43,300 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
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Human Resources Average Annual Salary Increment Percentage in Cayman Islands

How much are annual salary increments in Cayman Islands for Human Resources professionals? How often do employees get salary raises?

Human Resources

Human Resources 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 Human Resources
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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.

Cayman Islands / All Professions

Annual Salary Increment Rate Cayman Islands
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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

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Human Resources Bonus and Incentive Rates in Cayman Islands

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Cayman Islands Human Resources
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Human Resources 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.

63% of surveyed staff in Human Resources 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.

Received Bonus
37%
No Bonus
63%

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
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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

Human Resources Salary Forecast and Trend in Cayman Islands

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

Salary trends and forecast yearly Cayman Islands Human Resources
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Average Salary 2016
35,800 KYD
Average Salary 2017+4%
37,100 KYD
Average Salary 2018+3%
38,300 KYD
Average Salary 2019+2%
39,200 KYD
Percentage increase and decrease are relative to the previous value

Human Resources 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.

Human Resources Hourly Average Wage in Cayman Islands


19 KYD per hour

The average hourly wage (pay per hour) in Cayman Islands is 19 KYD. This means that the average person in Cayman Islands earns approximately 19 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.

Human Resources VS Other Jobs

Salary Comparison Between Human Resources and Human Resources yearly Cayman Islands
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The average salary for Human Resources is 2% more than that of All Jobs.

36000 - 1

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