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 salaries in Equatorial Guinea range from 176,000 XAF per month (minimum salary) to 517,000 XAF per month (maximum 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.
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.
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
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.
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.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+30%|
|10 - 15 Years||+21%|
|15 - 20 Years||+9%|
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.
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.
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.
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.
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.
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
Listed above are the average annual increase rates for each industry in Equatorial Guinea for the year 2020. 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.
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.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
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.
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.
|Job Title||Average Salary|
|Academic Clinician||912,000 XAF||+170%|
|Admitting Officer||352,000 XAF||+4%|
|Ambulance Dispatcher||344,000 XAF||+2%|
|Ambulance Driver||337,000 XAF||-0%|
|Ambulance Officer and Paramedic||369,000 XAF||+9%|
|Ambulatory Services Director||728,000 XAF||+120%|
|Anatomic Pathology Supervisor||779,000 XAF||+130%|
|Anesthesia Technician||507,000 XAF||+50%|
|Anesthesiology Assistant||518,000 XAF||+53%|
|Assistant Optometrist||392,000 XAF||+16%|
|Biomedical Engineering Director||626,000 XAF||+85%|
|Biomedical Engineering Technician||351,000 XAF||+4%|
|Cardiac Technician||328,000 XAF||-3%|
|Cardiovascular Specialist||1,760,000 XAF||+420%|
|Cardiovascular Technologist||713,000 XAF||+110%|
|Central Sterile Processing Technician||412,000 XAF||+22%|
|Charge Entry Specialist||438,000 XAF||+30%|
|Clinical Application Specialist||424,000 XAF||+25%|
|Clinical Biochemist||828,000 XAF||+140%|
|Clinical Cytogeneticist||682,000 XAF||+100%|
|Clinical Data Reviewer||452,000 XAF||+34%|
|Clinical Development Specialist||547,000 XAF||+62%|
|Clinical Field Associate||423,000 XAF||+25%|
|Clinical Genetic Technologist||714,000 XAF||+110%|
|Clinical Microbiologist||867,000 XAF||+160%|
|Clinical Molecular Geneticist||772,000 XAF||+130%|
|Clinical Neuropsychologist||962,000 XAF||+180%|
|Clinical Research Coordinator||527,000 XAF||+56%|
|Clinical Scientist||917,000 XAF||+170%|
|CME Specialist||764,000 XAF||+130%|
|CT Technologist||433,000 XAF||+28%|
|Cytogenetic Technologist||625,000 XAF||+85%|
|Diagnostic Medical Sonographer||523,000 XAF||+55%|
|Dispensing Optician||438,000 XAF||+30%|
|EKG Technician||424,000 XAF||+25%|
|Endoscopic Assistant||393,000 XAF||+16%|
|Endoscopy Technician||362,000 XAF||+7%|
|Enterostomal Therapist||624,000 XAF||+85%|
|FGP Ultrasound Techncian||362,000 XAF||+7%|
|Health Systems Specialist||550,000 XAF||+63%|
|Health Technologist||597,000 XAF||+77%|
|Healthcare Data Analyst||474,000 XAF||+40%|
|Hearing Aid Specialist||494,000 XAF||+46%|
|Industrial Hygienist||576,000 XAF||+70%|
|Infection Control Coordinator||449,000 XAF||+33%|
|Infection Control Practitioner||978,000 XAF||+190%|
|Infection Preventionist||679,000 XAF||+100%|
|Informatics Practice Specialist||513,000 XAF||+52%|
|Interventional Radiographer||751,000 XAF||+120%|
|Lab Assistant||341,000 XAF||+1%|
|Laboratory Manager||665,000 XAF||+97%|
|Laboratory Technician||338,000 XAF||-0%|
|Low Vision Therapist||833,000 XAF||+150%|
|Mammography Technician||355,000 XAF||+5%|
|Medical Coder||329,000 XAF||-3%|
|Medical Courier||248,000 XAF||-27%|
|Medical Equipment Preparer||370,000 XAF||+9%|
|Medical Forms Designer||308,000 XAF||-9%|
|Medical Technologist||387,000 XAF||+14%|
|MRI Technologist||354,000 XAF||+5%|
|Music Therapist||517,000 XAF||+53%|
|Neurodiagnostic Techncian||358,000 XAF||+6%|
|Neuropsychology Testing Assistant||318,000 XAF||-6%|
|Nuclear Medical Technician||526,000 XAF||+56%|
|Nuclear Medicine Technolgoist||521,000 XAF||+54%|
|Nutrition Assistant||370,000 XAF||+9%|
|Occupaitional Therapy Assistant||377,000 XAF||+12%|
|Operating Room Scheduler||337,000 XAF||-0%|
|Operating Room Services Director||1,010,000 XAF||+200%|
|Ophthalmic Assistant||381,000 XAF||+13%|
|Ophthalmic Laboratory Technician||406,000 XAF||+20%|
|Orthopedic Technician||402,000 XAF||+19%|
|Pathology Assistant||365,000 XAF||+8%|
|Pre Authorization Case Manager||535,000 XAF||+58%|
|Radiation Therapist||1,230,000 XAF||+260%|
|Radiation Therapy Technologist||538,000 XAF||+59%|
|Radiography Technologist||520,000 XAF||+54%|
|Radiologic Technologist||531,000 XAF||+57%|
|Radiology Technologist||506,000 XAF||+50%|
|Respiratory Care Practitioner||1,030,000 XAF||+200%|
|Respiratory Therapist||714,000 XAF||+110%|
|Respiratory Therapy Technician||438,000 XAF||+30%|
|Sonography Technologist||523,000 XAF||+55%|
|Speech and Language Pathologist||808,000 XAF||+140%|
|Ultrasound Technologist||399,000 XAF||+18%|
|Vascular Technologist||351,000 XAF||+4%|
|X-Ray Technologist||522,000 XAF||+54%|
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.