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Laboratory Technician Average Salary in Cook Islands 2020

How much money does a Laboratory Technician make in Cook Islands?


Average Monthly Salary
3,590 NZD
( 43,100 NZD yearly)

LOW
1,760
NZD
AVERAGE
3,590
NZD
HIGH
5,600
NZD

A person working as a Laboratory Technician in Cook Islands typically earns around 3,590 NZD per month. Salaries range from 1,760 NZD (lowest) to 5,600 NZD (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 Cook Islands

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

  • Salary Range

    Laboratory Technician salaries in Cook Islands range from 1,760 NZD per month (minimum salary) to 5,600 NZD per month (maximum salary).

  • Median Salary

    The median salary is 3,660 NZD per month, which means that half (50%) of people working as Laboratory Technician(s) are earning less than 3,660 NZD while the other half are earning more than 3,660 NZD. 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 2,440 NZD while 75% of them are earning more than 2,440 NZD. Also from the diagram, 75% of Laboratory Technician(s) are earning less than 4,730 NZD while 25% are earning more than 4,730 NZD.


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 Cook Islands 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 2,090 NZD per month.

While someone with an experience level between two and five years is expected to earn 2,680 NZD per month, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 3,700 NZD per month, 38% 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 4,580 NZD per month, 24% 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 4,910 NZD per month, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 5,240 NZD per month, 7% more than people with fifteen to twenty years of experience.


Laboratory Technician average salary change by experience in Cook Islands

0 - 2 Years
2,090 NZD
2 - 5 Years+29%
2,680 NZD
5 - 10 Years+38%
3,700 NZD
10 - 15 Years+24%
4,580 NZD
15 - 20 Years+7%
4,910 NZD
20+ Years+7%
5,240 NZD
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 Cook Islands 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 2,610 NZD per month.

While someone with a Master's Degree gets a salary of 4,180 NZD per month, 60% more than someone having a Bachelor's Degree degree.


Laboratory Technician average salary difference by education level in Cook Islands

Bachelor's Degree
2,610 NZD
Master's Degree+60%
4,180 NZD
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 Cook Islands costs anywhere from 23,500 New Zealand Dollar(s) to 70,600 New Zealand 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

Salary Comparison By Education Level
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Laboratory Technician Salary Comparison By Gender

Salary comparison by gender monthly Cook Islands 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 Cook Islands earn 11% more than their female counterparts on average.

Male
3,740 NZD
Female-10%
3,360 NZD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Cook Islands for all Careers

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

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

Laboratory Technician

Laboratory Technician(s) in Cook Islands 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 Cook Islands 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.

Cook Islands / 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 Cook Islands is 2%.

Annual Increment Rate By Industry 2019

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Listed above are the average annual increase rates for each industry in Cook 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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Laboratory Technician Bonus and Incentive Rates in Cook Islands

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

87% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 13% 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
13%
No Bonus
87%

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 Cook Islands


21 NZD per hour

The average hourly wage (pay per hour) in Cook Islands is 21 NZD. This means that the average Laboratory Technician in Cook Islands earns approximately 21 NZD 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 Cook Islands
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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 Clinician8,850 NZD+150%
Admitting Officer3,410 NZD-5%
Ambulance Dispatcher3,650 NZD+2%
Ambulance Driver3,190 NZD-11%
Ambulance Officer and Paramedic3,840 NZD+7%
Ambulatory Services Director6,760 NZD+88%
Anatomic Pathology Supervisor8,530 NZD+140%
Anesthesia Technician5,120 NZD+43%
Anesthesiologist15,000 NZD+320%
Anesthesiology Assistant4,950 NZD+38%
Assistant Optometrist4,020 NZD+12%
Audiologist8,370 NZD+130%
Biomedical Engineering Director6,230 NZD+73%
Biomedical Engineering Technician3,440 NZD-4%
Cardiac Technician3,170 NZD-12%
Cardiovascular Specialist18,300 NZD+410%
Cardiovascular Technologist6,620 NZD+84%
Central Sterile Processing Technician4,040 NZD+13%
Charge Entry Specialist4,470 NZD+24%
Clinical Application Specialist4,110 NZD+14%
Clinical Biochemist7,910 NZD+120%
Clinical Cytogeneticist7,090 NZD+97%
Clinical Data Reviewer4,330 NZD+21%
Clinical Development Specialist5,140 NZD+43%
Clinical Field Associate4,340 NZD+21%
Clinical Genetic Technologist6,520 NZD+82%
Clinical Microbiologist8,890 NZD+150%
Clinical Molecular Geneticist7,800 NZD+120%
Clinical Neuropsychologist9,140 NZD+150%
Clinical Research Coordinator5,250 NZD+46%
Clinical Scientist9,120 NZD+150%
CME Specialist7,460 NZD+110%
CT Technologist4,180 NZD+16%
Cytogenetic Technologist6,570 NZD+83%
Diagnostic Medical Sonographer5,150 NZD+43%
Dispensing Optician4,030 NZD+12%
Dosimetrist5,940 NZD+65%
EKG Technician4,240 NZD+18%
Endoscopic Assistant3,870 NZD+8%
Endoscopy Technician3,810 NZD+6%
Enterostomal Therapist5,850 NZD+63%
Epidemiologist7,450 NZD+110%
FGP Ultrasound Techncian3,770 NZD+5%
Health Systems Specialist5,530 NZD+54%
Health Technologist5,900 NZD+64%
Healthcare Data Analyst4,600 NZD+28%
Hearing Aid Specialist4,610 NZD+28%
Histotechnologist5,930 NZD+65%
Immunologist8,290 NZD+130%
Industrial Hygienist5,790 NZD+61%
Infection Control Coordinator4,440 NZD+24%
Infection Control Practitioner9,930 NZD+180%
Infection Preventionist6,790 NZD+89%
Informatics Practice Specialist5,420 NZD+51%
Interventional Radiographer7,290 NZD+100%
Lab Assistant3,370 NZD-6%
Laboratory Manager6,480 NZD+80%
Laboratory Technician3,590 NZD-0%
Low Vision Therapist7,970 NZD+120%
Mammography Technician3,660 NZD+2%
Medical Coder3,330 NZD-7%
Medical Courier2,480 NZD-31%
Medical Equipment Preparer3,550 NZD-1%
Medical Forms Designer2,890 NZD-20%
Medical Technologist4,010 NZD+12%
MRI Technologist3,600 NZD+0%
Music Therapist5,510 NZD+53%
Neonatologist10,400 NZD+190%
Neurodiagnostic Techncian3,690 NZD+3%
Neuropsychology Testing Assistant3,460 NZD-4%
Nuclear Medical Technician5,260 NZD+46%
Nuclear Medicine Technolgoist5,340 NZD+49%
Nutrition Assistant3,460 NZD-4%
Occupaitional Therapy Assistant3,680 NZD+2%
Operating Room Scheduler3,320 NZD-8%
Operating Room Services Director10,800 NZD+200%
Ophthalmic Assistant3,960 NZD+10%
Ophthalmic Laboratory Technician3,770 NZD+5%
Optician8,430 NZD+130%
Orthopedic Technician3,840 NZD+7%
Orthoptist10,800 NZD+200%
Orthotist10,200 NZD+180%
Pathology Assistant3,800 NZD+6%
Perfusionist12,000 NZD+230%
Phlebotomist2,850 NZD-21%
Pre Authorization Case Manager5,140 NZD+43%
Prosthetist8,920 NZD+150%
Radiation Therapist12,600 NZD+250%
Radiation Therapy Technologist5,450 NZD+52%
Radiographer8,750 NZD+140%
Radiography Technologist5,200 NZD+45%
Radiologic Technologist5,290 NZD+47%
Radiology Technologist5,140 NZD+43%
Respiratory Care Practitioner9,340 NZD+160%
Respiratory Therapist7,470 NZD+110%
Respiratory Therapy Technician4,330 NZD+21%
Sonographer5,020 NZD+40%
Sonography Technologist5,150 NZD+43%
Speech and Language Pathologist8,160 NZD+130%
Ultrasonographer4,020 NZD+12%
Ultrasound Technologist3,970 NZD+11%
Vascular Technologist3,650 NZD+2%
X-Ray Technologist5,170 NZD+44%

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 Cook Islands earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
4,330 NZD
Public Sector+14%
4,950 NZD
Percentage increase and decrease are relative to the previous value

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