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Insurance Appraiser Average Salary in Dominica 2020

How much money does an Insurance Appraiser make in Dominica?


Average Monthly Salary
1,470 XCD
( 17,600 XCD yearly)

LOW
760
XCD
AVERAGE
1,470
XCD
HIGH
2,250
XCD

A person working as an Insurance Appraiser in Dominica typically earns around 1,470 XCD per month. Salaries range from 760 XCD (lowest) to 2,250 XCD (highest).

This is the average monthly salary including housing, transport, and other benefits. Insurance Appraiser salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Insurance Appraiser Salary Distribution in Dominica

Median and salary distribution monthly Dominica Insurance Appraiser
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The median, the maximum, the minimum, and the range

  • Salary Range

    Insurance Appraiser salaries in Dominica range from 760 XCD per month (minimum salary) to 2,250 XCD per month (maximum salary).

  • Median Salary

    The median salary is 1,410 XCD per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 1,410 XCD while the other half are earning more than 1,410 XCD. 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 Insurance Appraiser(s) are earning less than 980 XCD while 75% of them are earning more than 980 XCD. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 1,760 XCD while 25% are earning more than 1,760 XCD.


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

Insurance Appraiser Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Dominica Insurance Appraiser
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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 Insurance Appraiser salaries by experience level and this is what we found.

An Insurance Appraiser with less than two years of experience makes approximately 870 XCD per month.

While someone with an experience level between two and five years is expected to earn 1,170 XCD per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 1,510 XCD per month, 30% 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, Insurance Appraiser(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 1,830 XCD per month, 21% 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 2,000 XCD per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 2,110 XCD per month, 5% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Dominica

0 - 2 Years
870 XCD
2 - 5 Years+34%
1,170 XCD
5 - 10 Years+30%
1,510 XCD
10 - 15 Years+21%
1,830 XCD
15 - 20 Years+9%
2,000 XCD
20+ Years+5%
2,110 XCD
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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Insurance Appraiser Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Insurance Appraiser(s) who have the same experience but different education levels.

Salary comparison by education level monthly Dominica Insurance Appraiser
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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 Insurance Appraiser salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of an Insurance Appraiser is 1,090 XCD per month.

While someone with a Bachelor's Degree gets a salary of 1,970 XCD per month, 80% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Dominica

Certificate or Diploma
1,090 XCD
Bachelor's Degree+80%
1,970 XCD
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Insurance Appraiser Salary Comparison By Gender

Salary comparison by gender monthly Dominica Insurance Appraiser
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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 Insurance Appraiser employees in Dominica earn 11% more than their female counterparts on average.

Male
1,570 XCD
Female-10%
1,410 XCD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Dominica for all Careers

Salary comparison by gender monthly Dominica
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Insurance Appraiser Average Annual Salary Increment Percentage in Dominica

How much are annual salary increments in Dominica for Insurance Appraiser(s)? How often do employees get salary raises?

Insurance Appraiser

Insurance Appraiser(s) in Dominica are likely to observe a salary increase of approximately 8% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Dominica Insurance Appraiser
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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.

Dominica / 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 Dominica 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 Dominica 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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Insurance Appraiser Bonus and Incentive Rates in Dominica

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Dominica Insurance Appraiser
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An Insurance Appraiser 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.

90% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 10% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
10%
No Bonus
90%

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.

Insurance Appraiser Average Hourly Wage in Dominica


8 XCD per hour

The average hourly wage (pay per hour) in Dominica is 8 XCD. This means that the average Insurance Appraiser in Dominica earns approximately 8 XCD 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.

Insurance Appraiser VS Other Jobs

Salary Comparison Between Insurance Appraiser and Insurance monthly Dominica
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The average salary for Insurance Appraiser is 2% less than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst2,000 XCD+36%
Actuarial Assistant1,350 XCD-8%
Actuary1,880 XCD+28%
Adjustment Insurance Clerk520 XCD-65%
Assistant Broker890 XCD-39%
Assistant Claims Manager1,610 XCD+10%
Associate Insurance Representative760 XCD-48%
Auditing Insurance Manager2,220 XCD+51%
Broker1,410 XCD-4%
Claim Advocacy Professional1,500 XCD+2%
Claims Adjuster530 XCD-64%
Claims Analyst790 XCD-46%
Claims Examiner760 XCD-48%
Claims Manager1,990 XCD+35%
Claims Processor560 XCD-62%
Claims Representative630 XCD-57%
Claims Resolution Specialist1,550 XCD+5%
Claims Supervisor1,420 XCD-3%
Complaints Specialist1,320 XCD-10%
Compliance Officer1,230 XCD-16%
Consultant1,420 XCD-3%
Eligibility Specialist1,530 XCD+4%
Insurance Account Manager1,870 XCD+27%
Insurance Accounts Executive1,550 XCD+5%
Insurance Agent840 XCD-43%
Insurance Analyst1,430 XCD-3%
Insurance Appraiser1,470 XCD=
Insurance Claims Clerk520 XCD-65%
Insurance Examiner1,370 XCD-7%
Insurance Investigator1,350 XCD-8%
Insurance Manager2,510 XCD+71%
Insurance Operations Manager2,560 XCD+74%
Insurance Policy Processing Clerk570 XCD-61%
Insurance Pricing Assistant1,200 XCD-18%
Insurance Program Manager1,990 XCD+35%
Insurance Project Manager1,810 XCD+23%
Insurance Quality Assurance Agent1,210 XCD-18%
Insurance Sales Agent870 XCD-41%
Insurance Sales Director2,350 XCD+60%
Insurance Team Leader1,610 XCD+10%
Insurance Underwriter1,110 XCD-24%
Loss Control Specialist1,470 XCD=
Loss Prevention Investigator1,520 XCD+3%
Loss Prevention Manager2,050 XCD+39%
Loss Prevention Specialist1,590 XCD+8%
Marine Underwriter1,070 XCD-27%
Medical Auditor1,480 XCD+1%
Monitoring and Performance Officer990 XCD-33%
Payment Services Specialist1,470 XCD=
Policy Change Director2,190 XCD+49%
Policy Change Supervisor1,610 XCD+10%
Policy Change Technician690 XCD-53%
Risk Analyst1,630 XCD+11%
Risk Management Director2,720 XCD+85%
Risk Management Supervisor1,870 XCD+27%
Risk Manager2,670 XCD+82%
Risk Modeling Manager2,830 XCD+93%
Title Insurance Typist1,230 XCD-16%
Training Manager1,550 XCD+5%

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

Private Sector
1,370 XCD
Public Sector+14%
1,570 XCD
Percentage increase and decrease are relative to the previous value

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