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Laboratory Technician Average Salary in Equatorial Guinea 2020

How much money does a Laboratory Technician make in Equatorial Guinea?


Average Monthly Salary
338,000 XAF
( 4,060,000 XAF yearly)

LOW
176,000
XAF
AVERAGE
338,000
XAF
HIGH
517,000
XAF

A person working as a Laboratory Technician in Equatorial Guinea typically earns around 338,000 XAF per month. Salaries range from 176,000 XAF (lowest) to 517,000 XAF (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 Equatorial Guinea

Median and salary distribution monthly Equatorial Guinea Laboratory Technician
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The median, the maximum, the minimum, and the range

  • Salary Range

    Laboratory Technician salaries in Equatorial Guinea range from 176,000 XAF per month (minimum salary) to 517,000 XAF per month (maximum salary).

  • Median Salary

    The median salary is 325,000 XAF per month, which means that half (50%) of people working as Laboratory Technician(s) are earning less than 325,000 XAF while the other half are earning more than 325,000 XAF. 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 225,000 XAF while 75% of them are earning more than 225,000 XAF. Also from the diagram, 75% of Laboratory Technician(s) are earning less than 404,000 XAF while 25% are earning more than 404,000 XAF.


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 Equatorial Guinea 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 200,000 XAF per month.

While someone with an experience level between two and five years is expected to earn 268,000 XAF 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 348,000 XAF 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, Laboratory Technician(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 422,000 XAF 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 461,000 XAF 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 485,000 XAF per month, 5% more than people with fifteen to twenty years of experience.


Laboratory Technician average salary change by experience in Equatorial Guinea

0 - 2 Years
200,000 XAF
2 - 5 Years+34%
268,000 XAF
5 - 10 Years+30%
348,000 XAF
10 - 15 Years+21%
422,000 XAF
15 - 20 Years+9%
461,000 XAF
20+ Years+5%
485,000 XAF
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 Equatorial Guinea 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 282,000 XAF per month.

While someone with a Master's Degree gets a salary of 391,000 XAF per month, 39% more than someone having a Bachelor's Degree degree.


Laboratory Technician average salary difference by education level in Equatorial Guinea

Bachelor's Degree
282,000 XAF
Master's Degree+39%
391,000 XAF
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 Equatorial Guinea costs anywhere from 2,390,000 CFA Franc BEAC(s) to 7,170,000 CFA Franc BEAC(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 Equatorial Guinea 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 Equatorial Guinea earn 12% more than their female counterparts on average.

Male
361,000 XAF
Female-10%
323,000 XAF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Equatorial Guinea for all Careers

Salary comparison by gender monthly Equatorial Guinea
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Laboratory Technician Average Annual Salary Increment Percentage in Equatorial Guinea

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

Laboratory Technician

Laboratory Technician(s) in Equatorial Guinea are likely to observe a salary increase of approximately 6% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Equatorial Guinea 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.

Equatorial Guinea / 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 Equatorial Guinea is 2%.

Annual Increment Rate By Industry 2019

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

Listed above are the average annual increase rates for each industry in Equatorial Guinea 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 Equatorial Guinea

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Equatorial Guinea 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.

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.

Laboratory Technician Average Hourly Wage in Equatorial Guinea


1,950 XAF per hour

The average hourly wage (pay per hour) in Equatorial Guinea is 1,950 XAF. This means that the average Laboratory Technician in Equatorial Guinea earns approximately 1,950 XAF 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 Equatorial Guinea
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The average salary for Laboratory Technician is 43% 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 Clinician912,000 XAF+170%
Admitting Officer352,000 XAF+4%
Ambulance Dispatcher344,000 XAF+2%
Ambulance Driver337,000 XAF-0%
Ambulance Officer and Paramedic369,000 XAF+9%
Ambulatory Services Director728,000 XAF+120%
Anatomic Pathology Supervisor779,000 XAF+130%
Anesthesia Technician507,000 XAF+50%
Anesthesiologist1,500,000 XAF+340%
Anesthesiology Assistant518,000 XAF+53%
Assistant Optometrist392,000 XAF+16%
Audiologist828,000 XAF+140%
Biomedical Engineering Director626,000 XAF+85%
Biomedical Engineering Technician351,000 XAF+4%
Cardiac Technician328,000 XAF-3%
Cardiovascular Specialist1,760,000 XAF+420%
Cardiovascular Technologist713,000 XAF+110%
Central Sterile Processing Technician412,000 XAF+22%
Charge Entry Specialist438,000 XAF+30%
Clinical Application Specialist424,000 XAF+25%
Clinical Biochemist828,000 XAF+140%
Clinical Cytogeneticist682,000 XAF+100%
Clinical Data Reviewer452,000 XAF+34%
Clinical Development Specialist547,000 XAF+62%
Clinical Field Associate423,000 XAF+25%
Clinical Genetic Technologist714,000 XAF+110%
Clinical Microbiologist867,000 XAF+160%
Clinical Molecular Geneticist772,000 XAF+130%
Clinical Neuropsychologist962,000 XAF+180%
Clinical Research Coordinator527,000 XAF+56%
Clinical Scientist917,000 XAF+170%
CME Specialist764,000 XAF+130%
CT Technologist433,000 XAF+28%
Cytogenetic Technologist625,000 XAF+85%
Diagnostic Medical Sonographer523,000 XAF+55%
Dispensing Optician438,000 XAF+30%
Dosimetrist615,000 XAF+82%
EKG Technician424,000 XAF+25%
Endoscopic Assistant393,000 XAF+16%
Endoscopy Technician362,000 XAF+7%
Enterostomal Therapist624,000 XAF+85%
Epidemiologist729,000 XAF+120%
FGP Ultrasound Techncian362,000 XAF+7%
Health Systems Specialist550,000 XAF+63%
Health Technologist597,000 XAF+77%
Healthcare Data Analyst474,000 XAF+40%
Hearing Aid Specialist494,000 XAF+46%
Histotechnologist564,000 XAF+67%
Immunologist871,000 XAF+160%
Industrial Hygienist576,000 XAF+70%
Infection Control Coordinator449,000 XAF+33%
Infection Control Practitioner978,000 XAF+190%
Infection Preventionist679,000 XAF+100%
Informatics Practice Specialist513,000 XAF+52%
Interventional Radiographer751,000 XAF+120%
Lab Assistant341,000 XAF+1%
Laboratory Manager665,000 XAF+97%
Laboratory Technician338,000 XAF-0%
Low Vision Therapist833,000 XAF+150%
Mammography Technician355,000 XAF+5%
Medical Coder329,000 XAF-3%
Medical Courier248,000 XAF-27%
Medical Equipment Preparer370,000 XAF+9%
Medical Forms Designer308,000 XAF-9%
Medical Technologist387,000 XAF+14%
MRI Technologist354,000 XAF+5%
Music Therapist517,000 XAF+53%
Neonatologist993,000 XAF+190%
Neurodiagnostic Techncian358,000 XAF+6%
Neuropsychology Testing Assistant318,000 XAF-6%
Nuclear Medical Technician526,000 XAF+56%
Nuclear Medicine Technolgoist521,000 XAF+54%
Nutrition Assistant370,000 XAF+9%
Occupaitional Therapy Assistant377,000 XAF+12%
Operating Room Scheduler337,000 XAF-0%
Operating Room Services Director1,010,000 XAF+200%
Ophthalmic Assistant381,000 XAF+13%
Ophthalmic Laboratory Technician406,000 XAF+20%
Optician786,000 XAF+130%
Orthopedic Technician402,000 XAF+19%
Orthoptist1,090,000 XAF+220%
Orthotist1,050,000 XAF+210%
Pathology Assistant365,000 XAF+8%
Perfusionist1,200,000 XAF+250%
Phlebotomist272,000 XAF-20%
Pre Authorization Case Manager535,000 XAF+58%
Prosthetist879,000 XAF+160%
Radiation Therapist1,230,000 XAF+260%
Radiation Therapy Technologist538,000 XAF+59%
Radiographer841,000 XAF+150%
Radiography Technologist520,000 XAF+54%
Radiologic Technologist531,000 XAF+57%
Radiology Technologist506,000 XAF+50%
Respiratory Care Practitioner1,030,000 XAF+200%
Respiratory Therapist714,000 XAF+110%
Respiratory Therapy Technician438,000 XAF+30%
Sonographer549,000 XAF+62%
Sonography Technologist523,000 XAF+55%
Speech and Language Pathologist808,000 XAF+140%
Ultrasonographer439,000 XAF+30%
Ultrasound Technologist399,000 XAF+18%
Vascular Technologist351,000 XAF+4%
X-Ray Technologist522,000 XAF+54%

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

Private Sector
454,000 XAF
Public Sector+14%
516,000 XAF
Percentage increase and decrease are relative to the previous value

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